MIRVAC GROUP — Director's Dealing 2008

May 22, 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	Nicholas R Collishaw
Date of last notice	14 December 2007

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.	Holding registered to Peter D Collishaw (father)
Date of change	19 May 2008
No. of securities held prior to change	Direct: 723,002 Indirect: 728,315 Performance Rights: 116,360 Options: 413,240
Class	Ordinary
Number acquired	9,938
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Off market transfer

• 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: 723,002 Indirect: 738,253 Performance Rights: 116,360 Options: 413,240 Nature of change Settlement of an Estate Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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

30/9/2001