MIRVAC GROUP — Director's Dealing 2010

May 20, 2010

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 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	James Morrison Millar
Date of last notice	2 December 2009

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 tothe relevant interest.
Date of change	14 May 2010
No. of securities held prior to change	Indirect: 30,000
Class	Ordinary Stapled Securities
Number acquired	Indirect: 10,714
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$1.40 per stapled security

• See chapter 19 for defined terms.

Appendix 3Y Page 1

30/9/2001

Appendix 3Y Change of Director’s Interest Notice

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----- Start of picture text ----- No. of securities held after change Indirect: 40,714Nature of change Participation in Securities Purchase Plan .Example: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestmentplan, participation in buy-back----- End of picture text -----

Part 2 – Change of director’s interests in contracts

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----- Start of picture text ----- Detail of contractNature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities towhich interest related prior tochangeNote: Details are only required for a contractin relation to which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, providedetails and an estimated valuationInterest after change----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3Y Page 2

30/9/2001