MIRVAC GROUP — Director's Dealing 2008

Dec 9, 2008

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

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 MirvacLimited andMirvacPropertyTrust
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	Penelope (Penny) Morris
Date of last notice	26 November 2008

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 and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Beneficial interest in securities held by:- PT Investment Fund P/L (Morris Family Discretionary Trust & PT Business Services P/L (PT Super Fund)
Date of change	3 December 2008 and 5 December 2008
No. of securities held prior to change	Indirect: 60,705 Direct: 14,149
Class	Ordinary Stapled Securities
Number acquired	Indirect: 4,358 Direct: 7,584
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$1.3846 per stapled security and $0.90per stapled security
No. of securities held after change	Indirect: 65,063 Direct: 21,733

• See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change On market purchase for participation in Example: on-market trade, off-market trade, exercise of Non-Executive Director Securities options, issue of securities under dividend reinvestment plan, participation in buy-back Purchase Plan (NED) and participation in the Retail Entitlement Offer

Nature of change

Part 2 – Change of director’s interests in contracts

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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
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• See chapter 19 for defined terms.

Appendix 3Y Page 2