MIRVAC GROUP — Director's Dealing 2008

Nov 17, 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 Mirvac Limited and Mirvac PropertyTrust
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	Nicholas R Collishaw
Date of last notice	17 October 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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	14 November 2008
No. of securities held prior to change	Direct: 723,507 Indirect: 738,253 Performance Rights: 116,360 Options: 413,240
Class	Performance Rights Options
Number acquired	Performance Rights: 869,600 Options: 1,923,100
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Performance Rights – Nil Options Exercise Price - $2.77

• See chapter 19 for defined terms.

Appendix 3Y Page 1

30/9/2001

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Direct: 723,507 Indirect: 738,253 Performance Rights: 985,960 Options: 2,336,340
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issues pursuant to Long Term Incentive Plan approved by Members on 14 November 2008.

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.

Appendix 3Y Page 2

30/9/2001