MIRVAC GROUP — Director's Dealing 2004

Oct 26, 2004

Appendix 3Y

Rule 3.19A.2

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity

The Mirvac Group (MGR) formed by the stapling of securities of Mirvac Limited and Mirvac Property Trust

ABN Mirvac Limited - 92 003 280 699 Mirvac Property Trust - 29 769 181 534

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Robert Hamilton
Date of last notice	30 July 2004

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Direct or indirect interest	Direct $\&$ Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Holding of Spouse $\&$ Company Director
Date of change	21 October 2004
No. of securities held prior to change	Robert Hamilton 2,859,298 Hamilfam Pty Limited (director) 10,230,052 Jocelyn Hamilton (wife) 109,782
Class	Ordinary
Number acquired
Number disposed	10,000,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$44,800,000 (\$4.48 per stapled security)
No. of securities held after change	Robert Hamilton 0 Hamilfam Pty Limited (director) 3,089,350 Jocelyn Hamilton (wife) 109.782

⁺ See chapter 19 for defined terms.

Nature of change Example: on-market trade, off-market trade, exercise of options, Sale of Securities issue of securities under dividend reinvestment plan, participation in buy-back

Part 2 - Change of director's interests in contracts

Detail of contract
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

⁺ See chapter 19 for defined terms.