MIRVAC GROUP — Director's Dealing 2004

Aug 5, 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, Mirvac Property Trust and Mirvac Commercial 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	Geoffrey Levy
l Date of last notice i	30 April 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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Director of a company holding Mirvac Stapled Securities
Date of change	30 July 2004
No. of securities held prior to change	34,907
Class	Ordinary
Number acquired	690
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$2,863.36 (\$4.1498 per stapled security)
No. of securities held after change	35,597

⁺ See chapter 19 for defined terms.

Nature of change Example: on-market trade, off-market trade, exercise of options, Dividend Reinvestment Plan issue of securities under dividend reinvestment olan. 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.