MIRVAC GROUP — Interim / Quarterly Report 2015

Aug 12, 2015

MIRVAC GROUP

13 AUGUST 2015

ADDITIONAL INFORMATION FY15

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CONTENTS

FINANCIAL

• 03 FY15 statutory to operating profit reconciliation

• 04 FY14 statutory to operating profit reconciliation

• 05 FY15 operating profit by segment

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RETAIL

• 28 Retail: Portfolio details 29 Retail: Lease expiry profile and top 10 tenants 30 Retail: Committed developments

• 06 FY14 operating profit by segment

• 07 FY15 contributions to growth

• 08 FFO and AFFO based on PCA guidelines

INDUSTRIAL

• 32 Industrial: Portfolio details

• 09 EBIT reconciliation: Investment

• 10 EBIT reconciliation: Development

• 11 Finance costs

• 12 Development capitalised interest

• 13 Group overhead costs

• 14 Debt and hedging profile 15 Liquidity profile

• 16 NTA and securities on issue reconciliation

• 17 Invested capital: Group

• 18 Invested capital: Development

RESIDENTIAL

• 34 Residential: Pipeline positioning

• 35 Residential: Masterplanned communities pipeline

• 36 Residential: Apartments pipeline

• 37 Residential: Pre-sales detail and FY16 expected major releases

• 38 Residential: FY15 acquisitions

• 39 Residential: FY15 settlements

• 40 Residential: FY15 settlements detail

• 41 Residential: Provisions — roll off

• 19 Gross development margin

CALENDAR

INVESTMENT PORTFOLIO

• 43 2015 Calendar

• 21 Investment: Portfolio details

• 22 Investment: Schedule of acquisitions and disposals

OFFICE

GLOSSARY

IMPORTANT NOTICE

• 24 Office: Portfolio details 25 Office: Lease expiry profile and top 10 tenants 26 Office: Committed developments

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 01

MIRVAC GROUP

FINANCIAL

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 02

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FY15 STATUTORY TO OPERATING PROFIT RECONCILIATION

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INVESTMENT INVESTMENT MANAGEMENT DEVELOPMENT UNALLOCATED ELIMINATION TAX CONSOLIDATED FULL YEAR ENDED 30 JUNE 2015 $M $M $M $M $M $M $M Proft/(loss) attributable to the stapled securityholders of Mirvac 593.2 5.1 126.6 (90.0) (7.0) (18.0) 609.9 Specifc non-cash items Net gain on fair value of investment properties and IPUC (146.2) — — — 5.4 — (140.8) Net loss on fair value of derivative fnancial instruments and associated foreign exchange movements 10.2 — — (0.2) — — 10.0 Security based payment expense — — — 5.6 — — 5.6 Depreciation of owner-occupied properties — — — — 6.1 — 6.1 Straight-lining of lease revenue (5.3) — — — — — (5.3) Amortisation of lease ftout incentives 11.3 — — — (2.0) — 9.3 Net gain on fair value of investment properties, derivatives and other specifc non-cash items included in share of net proft of JVA (28.8) (0.6) — (0.4) — — (29.8) Signifcant items Impairment of loans, investments and inventories — — — (0.2) — — (0.2) Net gain from sale of non-aligned assets (16.1) — — — — — (16.1) Restructuring costs — — — 6.8 — — 6.8 Impairment of goodwill — — — — — — — Tax effect Tax effect of non-cash and signifcant adjustments — — — — — (0.7) (0.7) Operating proft/(loss)1 418.3 4.5 126.6 (78.4) 2.5 (18.7) 454.8 Segment contribution 92.0% 1.0% 27.8% (17.2%) 0.5% (4.1%) 100.0% Add back tax — — — — — 18.7 18.7 Add back interest paid2 73.5 — 73.2 — (1.6) — 145.1 Less interest revenue2 (13.2) (0.1) (3.8) (1.2) 0.1 — (18.2) Earnings before interest and tax 478.6 4.4 196.0 (79.6) 1.0 — 600.4 Segment contribution 79.7% 0.7% 32.6% (13.3%) 0.2% — 100.0%

1) Operating profit after tax is a non-IFRS measure. Operating profit after tax is profit before specific non-cash items and significant items. Operating profit after tax is used internally by management to assess the performance of its business and has been extracted or derived from Mirvac’s full year ended 30 June 2015 financial statements, which has been subject to audit by its external auditors.

2) Interest paid and interest revenue between segments are eliminated in the individual segment.

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 03

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FY14 STATUTORY TO OPERATING PROFIT RECONCILIATION

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INVESTMENT INVESTMENT MANAGEMENT DEVELOPMENT UNALLOCATED ELIMINATION TAX CONSOLIDATED FULL YEAR ENDED 30 JUNE 2014 $M $M $M $M $M $M $M Proft/(loss) attributable to the stapled securityholders of Mirvac 438.1 5.8 112.0 (89.8) (5.4) (13.4) 447.3 Specifc non-cash items Net gain on fair value of investment properties and IPUC (37.9) — — — (10.9) — (48.8) Net loss on fair value of derivative fnancial instruments and associated foreign exchange movements 4.3 — — 10.9 0.6 — 15.8 Security based payment expense — — — 6.5 — — 6.5 Depreciation of owner-occupied properties — — — — 5.9 — 5.9 Straight-lining of lease revenue (12.2) — — — — — (12.2) Amortisation of lease ftout incentives 12.4 — — — (2.1) — 10.3 Net gain on fair value of investment properties, derivatives and other specifc non-cash items included in share of net proft of JVA (20.2) 0.9 — (0.3) — — (19.6) Signifcant items Impairment of loans, investments and inventories — — — (1.2) — — (1.2) Net loss from sale of non-aligned assets 6.0 — — — — — 6.0 Restructuring costs — — — — — — — Impairment of goodwill 24.5 — — — — — 24.5 Tax effect Tax effect of non-cash and signifcant adjustments — — — — — 3.3 3.3 Operating proft/(loss)1 415.0 6.7 112.0 (73.9) (11.9) (10.1) 437.8 Segment contribution 94.8% 1.5% 25.6% (16.9%) (2.7%) (2.3%) 100.0% Add back tax — — — — — 10.1 10.1 Add back interest paid2 69.2 0.4 77.9 (0.1) (2.6) — 144.8 Less interest revenue2 (0.7) (0.1) (0.2) (1.5) 0.3 — (2.2) Earnings before interest and tax 483.5 7.0 189.7 (75.5) (14.2) — 590.5 Segment contribution 81.9% 1.2% 32.1% (12.8%) (2.4%) — 100.0%

1) Operating profit after tax is a non-IFRS measure. Operating profit after tax is profit before specific non-cash items and significant items. Operating profit after tax is used internally by management to assess the performance of its business and has been extracted or derived from Mirvac’s full year ended 30 June 2014 financial statements, which has been subject to audit by its external auditors.

2) Interest paid and interest revenue between segments are eliminated in the individual segment.

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 04

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FY15 OPERATING PROFIT BY SEGMENT

INVESTMENT INVESTMENT MANAGEMENT DEVELOPMENT UNALLOCATED ELIMINATION CONSOLIDATED FULL YEAR ENDED 30 JUNE 2015 $M $M $M $M $M $M Revenue from continuing operations Investment properties rental revenue 604.3 8.8 — — — 613.1 Investment management fee revenue — 12.9 — — — 12.9 Development and construction revenue — — 1,008.2 — — 1,008.2 Development management fee revenue — — 13.5 — — 13.5 Interest revenue 22.0 0.4 9.1 1.2 (0.1) 32.6 Dividend and distribution revenue 0.4 — — — — 0.4 Other revenue — 2.7 4.4 — 2.5 9.6 Inter-segment revenue 8.3 19.2 97.7 59.9 (185.1) — Total revenue from continuing operations 635.0 44.0 1,132.9 61.1 (182.7) 1,690.3 Other income Share of net proft of JVA accounted for using the equity method 31.8 0.6 5.5 0.3 — 38.2 Netgain on sale of assets — — 43.8 — — 43.8 Total other income 31.8 0.6 49.3 0.3 — 82.0 Total revenue from continuing operations and other income 666.8 44.6 1,182.2 61.4 (182.7) 1,772.3 Net loss on sale of property, plant and equipment — — 0.3 — — 0.3 Investment properties expenses 152.8 2.5 — — (12.4) 142.9 Cost of property development and construction — — 880.9 — (96.2) 784.7 Employee benefts expenses — 26.5 25.6 58.9 — 111.0 Depreciation and amortisation expenses 10.3 0.5 2.1 2.1 — 15.0 Finance costs 73.5 — 73.2 60.0 (61.6) 145.1 Selling and marketing expenses — 0.1 46.0 — — 46.1 Other expenses 11.9 10.5 27.5 18.8 (15.0) 53.7 Operating proft/(loss) from continuing operations before income tax 418.3 4.5 126.6 (78.4) 2.5 473.5 Income tax expense (18.7) Operating proft attributable to the stapled securityholders of Mirvac 454.8	INVESTME	NT

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 05

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FY14 OPERATING PROFIT BY SEGMENT

INVESTMENT INVESTMENT MANAGEMENT DEVELOPMENT UNALLOCATED ELIMINATION CONSOLIDATED FULL YEAR ENDED 30 JUNE 2014 $M $M $M $M $M $M Revenue from continuing operations Investment properties rental revenue 632.9 5.8 — — — 638.7 Investment management fee revenue — 13.0 — — — 13.0 Development and construction revenue — — 1,168.4 — (10.8) 1,157.6 Development management fee revenue — — 15.2 — 0.7 15.9 Interest revenue 15.6 0.3 5.1 1.5 (0.3) 22.2 Dividend and distribution revenue 0.5 — — — — 0.5 Other revenue 1.9 3.2 3.5 1.1 (1.8) 7.9 Inter-segment revenue 14.5 18.0 99.4 35.7 (167.6) — Total revenue from continuing operations 665.4 40.3 1,291.6 38.3 (179.8) 1,855.8 Other income Share of net proft of JVA accounted for using the equity method 17.3 1.0 8.7 0.3 — 27.3 Netgain on sale of assets — — — — — — Total other income 17.3 1.0 8.7 0.3 — 27.3 Total revenue from continuing operations and other income 682.7 41.3 1,300.3 38.6 (179.8) 1,883.1 Net loss on sale of property, plant and equipment — — 0.2 — — 0.2 Investment properties expenses 169.2 2.2 — — (12.2) 159.2 Cost of property development and construction — — 1,037.8 — (97.1) 940.7 Employee benefts expenses — 23.8 17.3 57.5 — 98.6 Depreciation and amortisation expenses 8.9 0.5 2.3 1.7 — 13.4 Finance costs 77.0 0.4 77.9 35.6 (46.1) 144.8 Selling and marketing expenses — 0.2 30.4 0.4 — 31.0 Other expenses 12.6 7.5 22.4 17.3 (12.5) 47.3 Operating proft/(loss) from continuing operations before income tax 415.0 6.7 112.0 (73.9) (11.9) 447.9 Income tax expense (10.1) Operating proft attributable to the stapled securityholders of Mirvac 437.8	INVESTME	NT

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 06

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FY15 CONTRIBUTIONS TO GROWTH

OPERATING EBIT BY SEGMENT: FY14 TO FY15

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$620m
600 $15.2m $600.4m
$590.5m ($4.9m) $6.3m ($4.1m)
($2.6m)
580
560
540
520
500
FY14 Investment Investment Development Unallocated Eliminations FY15
Management
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OPERATING PROFIT BEFORE TAX BY SEGMENT: FY14 TO FY15

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$14.4m ($8.6m)
$460m
$14.6m ($4.5m) $454.8m
440 $437.8m $3.3m ($2.2m)
420
400
FY14 Investment Investment Development Unallocated Eliminations Tax FY15
Management
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• Investment earnings supported by NOI growth and acquisitions, however offset by FY14 asset sales and the 50% sale of 275 Kent Street on 1 July 2014

• Reduced contribution from Investment Management reflecting continued exit of non-aligned funds

• Development up reflecting an increased contribution from commercial developments in FY15

• Corporate costs movement primarily relates to higher employee STI provided due to improvement in the Group’s performance.

• Lower elimination in FY15 due to profit elimination of commercial developments completed in FY14

• Tax expense has increased due to higher development profits

• Development operating profit margins improved from 8.6% in FY14 to 10.7% in FY15

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 07

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FFO AND AFFO BASED ON PCA GUIDELINES

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	FY15 FY14 $M $M Proft/loss attributable to the stapled securityholders of Mirvac 609.9 447.3 INVESTMENT PROPERTY AND INVENTORY (Gain)/loss from sales of investment property (5.9) 6.0 Fair value gain on investment property (140.8) (48.8) Depreciation on owner-occupied properties 6.1 5.9 GOODWILL AND INTANGIBLES Impairment — 24.5 FINANCIAL INSTRUMENTS Fair value (gain)/loss on the mark to market of derivatives (171.7) 23.3 INCENTIVES AND STRAIGHT LINING Amortisation of ft-out incentives 9.3 10.3 Amortisation of cash incentives 7.6 6.1 Amortisation of rent-free periods 11.4 10.7 Rent straight lining (5.3) (12.2) TAX Non – FFO deferred tax (benefts)/expenses (0.7) 3.3 OTHER UNREALISED OR ONE-OFF ITEMS Gain from sales of investment (10.2) — Net loss/(gain) on foreign exchange movements 181.7 (7.5) Net gain on fair value of investment properties, derivatives and other specifc non-cash items included in share of net proft of JVA (29.8) (19.6) Impairment charges (0.2) (1.2) Restructuringcosts 6.8 — Funds From Operations 468.2 448.1 ADJUSTED FUNDS FROM OPERATIONS ADJUSTMENTS Maintenance capex (45.6) (30.3) Incentives given for accounting period (cash and ft-out) (17.7) (12.5) Incentivesgiven for accounting period(rent-free) (13.4) (18.7) Adjusted Funds From Operations 391.5 386.6				FY15	FY14
A
B
C
D
E
F
G

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 08

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EBIT RECONCILIATION: INVESTMENT

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	FY15	FY14
	$M	$M
Net property income1 Offce	280.6	308.4
Retail	125.2	109.2
Industrial	37.0	35.7
Other	6.7	7.7
Total netproperty income	449.5	461.0
Investment income2	41.0	32.7
Other income	—	1.8
Overhead expenses	(11.9)	(12.0)
Total Investment operating EBIT	478.6	483.5

Decrease predominantly reflects full year impact from FY14 asset sales and the sale of a 50% interest in 275 Kent St, Sydney.

Increase in retail net property income relates to the acquisition of Harbourside and Birkenhead Point and the completion of assets under development. Increase relates to the half year contribution from the Altis acquisition partially offset by FY14 asset sales.

1) Excludes straight-lining of lease revenue and amortisation of lease fit out incentives.

2) Includes income from indirect property investments.

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 09

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EBIT RECONCILIATION: DEVELOPMENT

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FY15 FY14 1 % $M $M CHANGE Development and construction revenue — non recharge projects 957.6 1,100.3 Development and construction revenue — recharge projects 50.6 68.1 Total development and construction revenue 1,008.2 1,168.4 (14%) Cost of property development and construction — non recharge projects (830.3) (969.7) Cost of property development and construction — recharge projects (50.6) (68.1) Total cost of property development and construction (880.9) (1,037.8) (15%) Development management fee revenue 13.5 15.2 Share of net proft of associates and joint ventures accounted for using the equity method 5.5 8.7 Net gain on sale of assets 43.8 — 100% Selling and marketing expenses (46.0) (30.4) 51% Overheads (55.4) (42.5) 30% Other 107.3 108.1 Total Development Operating EBIT 196.0 189.7 3% Less operatingfnance costs (73.2) (77.9) Interest revenue 3.8 0.2 Total Development Operating proft 126.6 112.0 13%	%
				FY14 included settlement from 8 Chifey Square and Era, Chatswood.
				Reduction in COGS in line with reduction in total revenue
				Proft from sale of Treasury Building heritage maintenance payment
				Accelerated release program with 80% increase in lots released in FY15 from FY14
				Increase in overheads related to additional head-count associated with the delivery of commercial and residential apartments projects and costs associated with new business projects written-off
				Development operating proft margins improved from 8.6% in FY14 to 10.7% in FY15

1) Re-classification of interest revenue.

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 10

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FINANCE COSTS

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FY15 FY14 $M $M Interest and fnance chargespaid/payable net ofprovision release 136.7 135.7 Capitalised interest (40.3) (35.9) Interest capitalised in current andpriorperiods expensed thisperiod net ofprovision release 45.8 38.4 Borrowingcosts amortised 2.9 6.6 Total fnance costs 145.1 144.8			F	Y15	FY14

FINANCE COSTS PROFILE

• Gross interest costs broadly in line with FY14

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$180m 120%
120 80
60 40
0 0
FY12 FY13 FY14 FY15
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• Capitalised interest has increased slightly relating to investment properties under development

• Finance cost expense as % external interest remains above 100%

• Interest capitalised and interest expensed broadly aligned

• Interest capitalised in current and prior years expensed this year net of provision release higher than FY14 due to the settlements at Harold Park and Yarra’s Edge

Interest and finance charges paid/payable net provision release ($m) (LHS) Finance cost expense ($m) (LHS)

Finance cost expense as % of external interest (RHS)

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 11

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DEVELOPMENT CAPITALISED INTEREST

• Development capitalised interest now represents 8.5% of gross inventory, down from 10.4% at FY14

• Development capitalised interest is 3.9% as a percentage of gross inventory for non-provisioned projects, and 22.5% for provisioned projects

• 65.2% of the capitalised interest balance is accounted for provision projects

• Operating profit to EBIT ratio — expect a range of 55% to 70% in FY16

DEVELOPMENT CAPITALISED INTEREST PROFILE

OPERATING PROFIT TO EBIT RATIO

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$300m
$35.1m ($58.8m)
200 $185.6m
$159.7m
35%
100
65%
0
FY14 Interest capitalised COGS Interest FY15
Provisioned Non-provisioned
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$200m EBIT/NPBT Operating profit to EBIT ratio 100%
150 75
100 50
50 25
64.3%
0 0
FY09 FY10 FY11 FY12 FY13 FY14 FY15
EBIT (LHS) Operating Profit (LHS) Operating Profit to EBIT ratio (RHS)
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MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 12

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GROUP OVERHEAD COSTS

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FY15 FY14 $M $M			F	Y15	FY14
Employee benefts expenses1 111.0 98.6
Sellingand marketingexpenses1 46.1 31.0
Other expenses1 53.7 47.3
Total overhead expenses1 210.8 176.9
Total assets 10,403.5 9,921.7
Overhead expenses as a percentage of asset base 2.0% 1.8%

EXPENSES AS A PERCENTAGE OF TOTAL ASSETS

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$250m Total expenses % of asset base 2.5%
200 2.0
150 1.5
100 1.0
50 0.5
0 0
FY13 FY14 FY15
Total overhead expenses (LHS) Expenses as a percentage of asset base (RHS)
Expenses (excluding selling and marketing) over asset base (LHS)
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• Employee benefit expenses increased due to higher STI provided as a result of improved group’s performance

• Selling and marketing expenses up reflecting accelerated residential release program; 80% increase from FY14 in lots released in FY15

• Increase in other expenses due to new business write offs

1) Expenses are on an operational basis (excluding non-cash and significant items). For further detail see page 5 and 6 of the Additional Information.

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 13

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DEBT AND HEDGING PROFILE

ISSUE / SOURCE	MATURITY DATE	FACILITY LIMIT $M	DRAWN AMOUNT $M
Bank facilities	September 2016	200.0	—
MTN IV	September 2016	225.0	225.0
USPP1	November 2016	378.8	378.8
Bank facilities	September 2017	350.0	175.0
MTN V	December 2017	200.0	200.0
Bank facilities	September 2018	300.0	200.0
USPP1	November 2018	134.1	134.1
Bank facilities	September 2019	300.0	295.2
Bank facilities	September 2020	250.0	250.0
MTN VI	September 2020	200.0	200.0
USPP1	December 2022	219.7	219.7
USPP1	December 2024	136.4	136.4
USPP1	December 2025	150.8	150.8
Total		3,044.8	2,565.0

DRAWN DEBT SOURCES

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USPP 40% MTN 24% Bank facilities 36%

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USPP and MTN 64%
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• 1) Drawn amounts based on hedged rate not carrying value.

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FY15 HEDGING AND FIXED INTEREST PROFILE[ 2]

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$2,000m 4.6%
4.42%
4.34%
1,500 4.11% 4.17% 4.21% 4.2
4.30% 4.08%
4.01%
1,000 3.8
3.86%
3.72% 3.71% 3.74% 3.55%
500 3.4
0 3.0
FY15 FY16 FY17 FY18 FY19 FY20 FY21
Fixed (LHS) Options (LHS) Swaps (LHS)
Average Rate Dec 14 (RHS) Average Rate Jun 15 (RHS)
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DRAWN DEBT MATURITIES AS AT 30 JUNE 2015

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$600m
500
400
300
200
100
0
FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26
USPP MTN Bank
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• 2) Includes bank callable swap.

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 14

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LIQUIDITY PROFILE

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FACILITY LIMIT DRAWN AMOUNT AVAILABLE LIQUIDITY AS AT 30 JUNE 2015 $M $M $M	T	DRAWN A	MOUNT	AVAILABLE LIQ	UIDITY
Facilities due within 12 months — — —
Facilities duepost 12 months1 $3,044.8 $2,565.0 $479.8
Total $3,044.8 $2,565.0 $479.8
Cash on hand $59.8
Total Liquidity $539.6
Less Facilities Maturing< 12 months —
Funding headroom $539.6

1) Based on hedged rate not carrying value.

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 15

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NTA AND SECURITIES ON ISSUE RECONCILIATION

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NTA	$M	$ PER SECURITIES
As at 1 July2014	6,137.1	1.66
Netgain on fair value of investmentproperties and IPUC	140.8	0.04
Netgain on fair value of investmentproperties included in equityaccountedproft	31.3	0.01
Netgain from sale of non-aligned assets	16.1	0.00
Operating proft for theyear	454.8	0.12
Other net equitymovements and non operatingitems	(8.0)	(0.00)
Distributions	(347.6)	(0.09)
As at 30 June 2015	6,424.5	1.74
SECURITIES ON ISSUE	DATE	NO. OF SECURITIES
As at 1 July2014		3,692,279,772
FY12 LTIplan vested in FY15	25 Aug14	4,917,598
FY15 EEPplan	23 Mar 15	422,947
As at 30 June 2015		3,697,620,317
Weighted average number of securities		3,696,572,238

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 16

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INVESTED CAPITAL: GROUP

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OFFICE: 55% RETAIL: 28%

INDUSTRIAL: 9% OTHER: 8%

PASSIVE INVESTED CAPITAL $7,518m

83%

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Apartments: 60%
ACTIVE RESIDENTIAL
INVESTED
91%
CAPITAL Masterplanned communities: 40%
Office: 78%
$1,579m COMMERCIAL
17% 9%
Industrial: 22%
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ACTIVE INVESTED CAPITAL

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100%
Commercial 9% WA 12% Provisions 17%
75 Masterplanned QLD 19% Capital efficient [ 1] 33%
communities 37%
VIC 17%
50
Non-provisions 83%
Wholly owned 67%
25 Apartments 54%
NSW 52%
0
By product line By state By structure By provision/non provision
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1) Includes capital invested in Development Agreement’s, JVA, MWRDP, deferred land payments and loans.

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 17

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INVESTED CAPITAL: DEVELOPMENT

ITEMS EXCLUDED FUND THROUGH FROM DEVELOPMENT ADJUSTMENTS DEFERRED LAND DEVELOPMENT RECONCILIATION TO INVESTED CAPITAL (DEFERRED REVENUE) ADJUSTMENTS INVESTED CAPITAL DEVELOPMENT INVESTED CAPITAL $M $M $M $M $M	FUND	THROUGH
Cash and cash equivalents 33.8 (33.8) — — —
Receivables 310.9 (234.7) — — 76.2
Inventories — Net 1,714.9 — (327.7) (81.5) 1,305.7
Other assets 1.1 (1.1) — — —
Investments accounted for usingthe equitymethod 198.4 (0.9) — — 197.5
Other fnancial assets — — — — —
Property,plant and equipment 4.2 (4.2) — — —
Deferred tax assets 148.2 (148.2) — — —
Total 2,411.5 (422.9) (327.7) (81.5) 1,579.4

FY15 ROIC CALCULATION FY15 EBIT $196.0m = 11.1% Average development invested capital[ 1] $1,769.6m

1) Average over three periods. Adds back the December 2012 provision balance.

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 18

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GROSS DEVELOPMENT MARGIN

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DEVELOPMENT COST OF PROPERTY GROSS GROSS AND CONSTRUCTION DEVELOPMENT AND DEVELOPMENT DEVELOPMENT REVENUE CONSTRUCTION MARGIN MARGIN FY15 $M $M $M %	OST OF P	ROPERTY	GROS	S	GROSS
Residentialprojects adjusted for zero margin settlements 778.0 (576.8) 201.2 25.9%
Residentialprovisionprojects 113.7 (104.2) 9.5
Residentialproject revenue 891.7 (681.0) 210.7 23.6%
Commercial 172.1 (158.1) 14.0
Cost recoveryactivities 41.9 (41.9) —
Mirvac consolidated statement of comprehensive income 1,105.71 881.02 224.7 20.3%

RESIDENTIAL GROSS MARGIN %

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30%
25.9%
25
23.6%
20
15
10
FY09 FY10 FY11 FY12 FY13 FY14 FY15
Excluding provisioned settlements Including provisioned settlements
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1) Total development and construction and inter-segment revenue — see page 5 of Additional Information. Excludes interest revenue, development management fees, JVA revenue and net gain on sale of assets.

2) Total cost of property development and construction — see page 5 of Additional Information.

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 19

MIRVAC GROUP

INVESTMENT PORTFOLIO

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 20

INVESTMENT: PORTFOLIO DETAILS

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	FY15	FY14
No. of Properties1	59	61
NLA1	1,391,734sqm	1,348,505sqm
Portfolio value2	$7,517.7m	$6,716.5m
WACR	6.86%	7.14%
Net property income3	$490.5m	$493.7m
Like-for-like NOI growth4	2.6%	3.1%
Maintenance capex	$42.4m	$30.4m
Tenant incentives	$15.1m	$12.8m
Occupancy (by area)5	96.5%	97.6%
NLA leased	127,858sqm	140,982sqm
% of portfolio NLA leased	9.2%	9.8%
No. tenant reviews	1,608	1,853
Tenant rent reviews	1,003,339sqm	1,065,292sqm
WALE (by area)5	6.0 yrs	6.4 yrs
WALE (by income)5	4.5 yrs	4.7 yrs

• 1) Includes carparks and a hotel.

• 2) Includes IPUC, indirect investments and 8 Chifley Square, NSW.

• 3) Includes income from indirect investments.

• 4) Excluding assets under development and indirect investments.

• 5) Excludes indirect investments and includes 8 Chifley Square, NSW.

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SECTOR DIVERSITY[ 6]

GEOGRAPHIC DIVERSITY[ 7]

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Office: 55% NSW: 63% Retail: 28% VIC: 17% Industrial: 9% QLD: 10% Indirect investments WA: 3% & IPUC: 7% ACT: 6% Other: 1% USA: 1%

INVESTMENT LEASE EXPIRY PROFILE[ 8]

40%

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35%
30
20
16%
15%
11%
10 10% 9%
4%
0
Vacant FY16 FY17 FY18 FY19 FY20 FY21+
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• 6) By portfolio value.

• 7) By value, excludes indirect investments and IPUC and two St Leonards assets held for development.

• 8) By income.

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 21

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INVESTMENT: SCHEDULE OF ACQUISITIONS AND DISPOSALS

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INVESTMENT: SCHEDULE OF ACQUISITIONS AND DISPOSALS
ACQUISITIONS STATE SECTOR OCCUPANCY	ACQUISITION PRICE $M 1	PASS YIE	ING SET LD 1	TLEMENT DATE
Birkenhead Point Outlet Centre, Sydney2 NSW Retail 94.9% $310.0m 6.6% December 2014
64 RosebySt, Drummoyne NSW Retail N/A $1.1m N/A December 2014
52-60 Francis St, Glebe3 NSW Retail N/A $2.0m N/A December 2014
Altis Portfolio NSW Industrial 100%4 $213.9m 7.1% January2015
Total $527.0m
SALE PRICE SETTLEMENT DISPOSALS 5 STATE SECTOR $M 1 DATE
210 George Street, Sydney NSW Offce $33.1m June 2015
220 George Street, Sydney NSW Offce $66.1m June 2015
197 Salmon Street, Melbourne VIC Offce $86.0m June 2015
60 Marcus Clarke Street, Canberra ACT Offce $49.1m June 2015
54 Marcus Clarke Street, Canberra ACT Offce $14.2m June 2015
CityCentre Plaza, Rockhampton QLD Retail $48.3m June 2015
Hinkler ShoppingCentre, Bundaberg QLD Retail $110.0m June 2015
Total $406.8m

• 1) Excludes acquisition/disposal costs.

• 2) Includes an adjoining carpark and marina (marina is a leasehold interest with NSW Maritime).

• 3) 50% interest.

• 4) By area, included a 12 month vendor rental guarantee on 2.0 per cent of the total lettable area at date of purchase.

• 5) Excludes MIX sale and transfer of Riverside Quay carpark.

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 22

MIRVAC GROUP

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OFFICE
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MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 23

OFFICE: PORTFOLIO DETAILS

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	FY15	FY14
No. of Properties	27	31
NLA	691,202sqm	724,892sqm
Portfolio value1	$4,108.0m	$4,025.0m
WACR	7.01%	7.33%
Net property income2	$280.6m	$308.4m
Like-for-like NOI growth	2.6%	3.4%
Maintenance capex	$25.9m	$14.2m
Tenant incentives	$10.0m	$7.3m
Occupancy (by area)	94.0%	96.1%
NLA leased	51,587sqm	49,038sqm
% of portfolio NLA leased	7.5%	6.4%
No. tenant reviews	581	712
Tenant rent reviews	526,653sqm	573,809sqm
WALE (by area)	4.3yrs	4.7yrs
WALE (by income)	4.3yrs	4.7yrs

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OFFICE GEOGRAPHIC DIVERSITY[ 3]

Sydney 58% Melbourne 25% Brisbane 3% ACT 8% Perth 6%

OFFICE DIVERSITY BY GRADE[ 3]

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Premium grade 21% A grade 73% B grade 3% C grade 3%

1) Excludes IPUC and indirect investments and includes 8 Chifley Square, NSW.

2) Excludes 8 Chifley Square, NSW.

3) By portfolio value, excluding two St Leonards assets held for development.

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 24

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OFFICE: LEASE EXPIRY PROFILE AND TOP 10 TENANTS

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OFFICE LEASE EXPIRY PROFILE[ 1]

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40%
36%
30
20 20%
12%
10 9% 9%
8%
6%
0
Vacant FY16 FY17 FY18 FY19 FY20 FY21+
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OFFICE TOP 10 TENA	NTS 2	PE	RCENTAGE 3 S&	P RATING
1 Government 13.4% AAA
2 Westpac BankingCorporation 10.2% AA-
3 Woolworths Limited 6.2% A-
4 Fairfax Media Limited 4.6% BB+
5 IBM Australia Limited 3.3% AA-
6 UGL Limited 3.0% N/A
7 Optus 2.0% A
8 AGL Energy Limited 1.9% BBB
9 John Holland Pty Ltd 1.6% N/A
10 Corrs Support Services Pty Ltd 1.5% N/A
Total 47.7%

3) Percentage of gross office portfolio income.

1) By income.

2) Excludes Mirvac tenancies.

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 25

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OFFICE: COMMITTED DEVELOPMENTS

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COMMITTED PIPELINE AREA OWNERSHIP % PRE-LEASED FORECAST VALUE ON COMPLETION1 FORECAST COST TO COMPLETE 2 FORECAST YIELD ON COST 3	FO	RECAST		ESTIMATED P	ESTIMATED P	ROJECT TIMING	ROJECT TIMING
			1H16 2H16 FY17
Treasury Building, WA 30,800sqm 50% 99% $330m $29m 8.4%
200 George Street, NSW 38,900sqm 50% 81% $625m $140m 7.6%
2 Riverside Quay, VIC 21,000sqm 50% 91% $212m $73m 6.7%
Total 90,700sqm 90% $1,167m $242m

3) Expected yield on cost including land and interest.

1) Represents 100% of expected end value.

2) Expected costs to complete based on Mirvac’s share of cost to complete.

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 26

MIRVAC GROUP

RETAIL

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 27

RETAIL: PORTFOLIO DETAILS

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	FY15	FY14
No. of Properties	14	15
NLA	306,719sqm	307,938sqm
Portfolio value	$2,139.5m	$1,769.6m
WACR	6.49%	6.82%
Netpropertyincome	$125.2m	$109.2m
Like-for-like NOIgrowth	2.1%	2.0%
Maintenance capex	$14.0m	$8.2m
Tenant incentives	$4.3m	$5.0m
Occupancy(byarea)	99.4%	99.1%
NLA leased	51,827sqm	46,929sqm
% ofportfolio NLA leased	16.9%	13.6%
No. tenant reviews	981	1,105
Tenant rent reviews	167,522qm	167,793sqm
WALE (byarea)	4.8yrs	5.0yrs
WALE (byincome)	3.8yrs	3.8yrs
Specialtyoccupancycost	16.0%	17.7%
Specialtyoccupancycost excludingCBD centres	14.5%	16.8%
Total comparable MATproductivity	$1,955.1m	$1,521.3m
Total comparable MATgrowth	4.7%	2.2%
Specialties comparable MATproductivity	$8,805/sqm	$8,420/sqm
Specialties comparable MATgrowth	3.8%	2.0%
New leasingspreads	9.2%	11.4%
Renewal leasingspreads	2.8%	1.6%
Total leasingspreads	4.8%	4.5%

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RETAIL DIVERSITY BY GRADE[ 1]

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Sub Regional 57% CBD Retail 21% Neighbourhood 7% Outlet 15%

	FY15	FY15	FY14
RETAIL SALES	TOTAL	COMPARABLE	COMPARABLE
BY CATEGORY	MAT	MAT GROWTH	MAT GROWTH
Non-food majors	$205.5m	4.7%	(1.9%)
Food majors	$800.0m	7.3%	1.6%
Mini majors	$349.5m	3.3%	7.0%
Specialties	$885.1m	3.8%	2.0%
Other retail	$175.3m	1.4%	0.2%
Total	$2,415.4m	4.7%	2.2%

1) By portfolio value. Note: Comparable centres exclude development impacted assets.

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 28

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RETAIL: LEASE EXPIRY PROFILE AND TOP 10 TENANTS

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RETAIL LEASE EXPIRY PROFILE – BY INCOME

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40%
30
27%
22%
20
13% 13% 13%
11%
10
0 1%
Vacant FY16 FY17 FY18 FY19 FY20 FY21+
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RETAIL LEASE EXPIRY PROFILE – BY AREA

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42%
40%
30
20
16%
10 11% 9% 11% 11%
0 <1%
Vacant FY16 FY17 FY18 FY19 FY20 FY21+
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RETAIL TOP 10 TENA	**NTS **	PE	RCENTAGE 1 S&	P RATING
1 Wesfarmers Limited 7.7% A-
2 Woolworths Limited 5.8% A-
3 ALDI 1.8% —
4 Cotton On Group 1.6% —
5 Retail Food Group 1.1% —
6 Westpac BankingCorporation 0.9% AA-
7 Sussan Group 0.9% —
8 Commonwealth Bank of Australia 0.9% AA-
9 Just Group 0.8% —
10 Hoyts Corporation 0.8% B
Total top 10 tenants 22.3%

1) Percentage of gross retail portfolio income.

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 29

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RETAIL: COMMITTED DEVELOPMENTS

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COMMITTED PIPELINE DEVELOPMENT AREA INCREMENTAL GLA OWNERSHIP % PRE-LEASED FORECAST COST TO COMPLETE ESTIMATED YIELD ON COST	AST ES	TIMATED		ESTIMATED P	ESTIMATED P	ROJECT TIMING	ROJECT TIMING
			IH16		2H16		FY17
Orion Springfeld Central (Stage 2), QLD 32,000sqm 32,000sqm 100% 75% $65m 7.3%
Tramsheds, Harold Park, NSW 6,200sqm 6,200sqm 100% 59% $30m ~7%
Greenwood Plaza, North Sydney, NSW 800sqm — 50% N/A $5m1 >9%
Broadway Shopping Centre, Sydney NSW 8,500sqm 3,300sqm 50% 32% $28m1 ~6.5%
Total $128m

1) Mirvac’s share of the development

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 30

MIRVAC GROUP

INDUSTRIAL

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 31

INDUSTRIAL: PORTFOLIO DETAILS

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	FY15	FY14
No. of properties	15	11
NLA	393,416sqm	315,277sqm
Portfolio value	$661.0m	$405.6m
WACR	7.02%	7.43%
Net property income	$37.0m	$35.7m
Like-for-like NOI growth	3.4%	4.0%
Maintenance capex	$2.4m	$2.8m
Tenant incentives	$0.9m	$0.0m
Occupancy (by area)	98.7%	99.5%
NLA leased	24,444sqm	45,015 sqm
% of portfolio NLA leased	6.2%	13.4%
No. tenant reviews	46	36
Tenant rent reviews	309,163sqm	323,690sqm
WALE (by area)	9.9yrs	11.8yrs
WALE (by income)	7.6yrs	8.7yrs

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INDUSTRIAL LEASE EXPIRY PROFILE[ 1]

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60% 58%
50
40
30
20
14%
10 10% 8%
5%
3% 2%
0
Vacant FY16 FY17 FY18 FY19 FY20 FY21+
60 Wallgrove Rd asset held for development
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INDUSTRIAL DIVERSIFICATION BY GEOGRAPHY[ 2]

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Sydney: 90% Melbourne: 3% USA: 7%

1) By income.

2) By portfolio value.

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 32

MIRVAC GROUP

RESIDENTIAL

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 33

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RESIDENTIAL: PIPELINE POSITIONING

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33,064 lots under control

SHARE OF EXPECTED FUTURE REVENUE BY PRODUCT

LOTS UNDER CONTROL BY PRODUCT

LOTS UNDER CONTROL BY PRICE POINT

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Masterplanned communities: 53% Apartments: 47%

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Masterplanned communities: 82% Apartments: 18%

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Apartments

< $1.2m: 84% $1.2m – $3m: 16%

SHARE OF EXPECTED FUTURE REVENUE BY GEOGRAPHY

LOTS UNDER CONTROL BY STRUCTURE

LOTS UNDER CONTROL BY PRICE POINT

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NSW: 42% VIC: 35% QLD: 16% WA: 7%

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100% Mirvac inventory: 50% JVA: 36% PDA’s: 12% MWRDP: 2% Development funds: <1%

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Masterplanned communities

< $250k: 65% $250k – $500k: 27% > $500k: 8%

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 34

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RESIDENTIAL: MASTERPLANNED COMMUNITIES PIPELINE

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PROJECT STATE SETTLEMENTS STAGE COMMENCING OWNERSHIP TYPE	EXPECTED SETTLEMENT PR	EXPECTED SETTLEMENT PR	EXPECTED SETTLEMENT PR	EXPECTED SETTLEMENT PR	OFILE	OFILE	OFILE
	1H16 2H16 FY17 FY18 FY19 FY20
Googong NSW All stages 1H16 50% Land	324 lots	1,251 lots
Alex Avenue NSW Precinct 1-3 1H16 100% House & Land	50 lots	78 lots				16 lots
Gainsborough Greens QLD All stages 1H16 100% Land	68 lots	874 lots
Osprey Waters WA All stages 1H16 100% Land	65 lots	312 lots
Harcrest VIC All stages 1H16 20% House & Land	88 lots	389 lots
Rockbank VIC All stages 1H16 50% Land	73 lots	1,030 lots
Everton Park QLD Stage 1 2H16 100% House		56 lots
Bridgeman Downs QLD Stage 1 2H16 100% Land		124 lots
Enclave VIC All stages 2H16 50% House & Land		93 lots
Tullamore VIC All stages 2H16 100% House			627 lots
Jack Rd VIC All Stages 2H16 100% House		184	lots
Brighton Lakes NSW All stages 2H16 PDA House			298 lots
Gledswood Hills NSW All stages 2H16 100% Land			550 lots
Baldivis WA All stages 2H16 100% Land			422 lots
West Swan WA All stages FY17 100% Land			365 lots
Yarra’s Edge VIC Townhouses FY17 100% Land			36 lots
Marsden Park NSW All stages FY18 PDA Land				420 lots
Moorebank NSW All stages FY18 PDA House				179 lots
Donnybrook Road VIC All stages FY18 100% Land				387 lots
Smith's Lane, Clyde North VIC All stages FY18 100% Land				620 lots
Waverley Park VIC Stages 5,6,7 & 9 FY18 100% Land				174 lots
Greenbank QLD Multiple stages FY19 100% Land						460 lots
			Marketing Planning

MASTERPLANNE	D COMMUNITIES PRO	JECT
PIPELINE ANALYSIS
% of total FY16 expected lots to settle from masterplanned communities ~75%
% of total FY16 expected provision lots to settle 11%

Note: PDA’s are development service contracts and there is no land ownership to Mirvac.

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 35

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RESIDENTIAL: APARTMENTS PIPELINE

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PROJECT STATE SETTLEMENTS STAGE COMMENCING OWNERSHIP % PRE-SOLD	EXPECTED SETTLEMENT PR	EXPECTED SETTLEMENT PR	EXPECTED SETTLEMENT PR	EXPECTED SETTLEMENT PR	OFILE	OFILE	OFILE
	1H16 2H16 FY17 FY18 FY19 FY20 345 lots 45 lots 4 lots 82 lots 111 lots 144 lots 190 lots 174 lots 188 lots 146 lots 228 lots 232 lots 288 lots 225 lots 405 lots 142 Lots 92 Lots 113 lots 207 lots 93 lots 168 lots 80 lots 265 lots 256 lots 228 lots 98 lots 500 lots								APARTMENTS PROJECT PIPELINE ANALYSIS
									% of total FY16 expected lots to settle from apartments ~25%
Harold Park NSW Precinct 3 2H16 100% 100%		345 lots
Harold Park NSW Precinct 4A 2H16 100% 98%		45 lots	4 lots
Harold Park NSW Precinct 6B 2H16 100% 91%		82 lots
Harold Park NSW Precinct 4B 2H16 100% 100%		111 lots							% of total FY16 expected provision lots to settle 1%
Unison Waterfront QLD Stage 1 2H16 100% 83%		144 lots
Bondi NSW Stage 1 FY17 100% 100%			190 lots
Green Square NSW Site 16B – Ebsworth FY17 PDA 100%			174 lots
Art House QLD Stage 1 FY17 100% 79%			188 lots
Unison Waterfront QLD Stage 2 FY17 100% 71%			146 lots
Yarra's Edge VIC Tower 10 (Forge) FY17 100% 63%			228 lots
Harold Park NSW Precinct 5 FY18 100% 31%				232 lots
Green Square NSW Site 5ab – Ebsworth 8 & OVO FY18 PDA 99%				288 lots
Waterloo NSW Stage 1 FY18 100% Not released				225 lots
Sydney Olympic Park NSW Stage 1 FY18 PDA Not released				405 lots
Claremont WA Lot 504 FY18 100% 16%				142 Lots
Claremont WA Lot 505 FY18 100% Not released				92 Lots
Latitude at Leighton WA Stage 2 North & West FY18 100% 27%				113 lots
Green Square NSW Site 7-17 FY19 PDA Not released						207 lots
Green Square NSW Site 18 FY19 PDA Not released						93 lots
Art House QLD Stage 2 FY19 100% Not released						168 lots
Yarra's Edge VIC Midrise (Cargo) FY19 100% Not released						80 lots
Evelyn Waterfront QLD Stage 1 FY19 100% Not released						265 lots
Dallas Brooks Hall VIC All stages FY19 PDA Not released						256 lots
Yarra's Edge VIC Tower 11 FY19 100% Not released						228 lots
Latitude at Leighton WA Stage 2 South FY19 100% Not released						98 lots
St Leonards NSW All stages FY20 100% Not released							500 lots

Note: PDA’s are development service contracts and there is no land ownership to Mirvac.

Under construction Marketing Planning

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 36

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RESIDENTIAL: PRE-SALES DETAIL AND FY16 EXPECTED MAJOR RELEASES

RECONCILIATION OF MOVEMENT IN EXCHANGED PRE-SALES CONTRACTS TO FY15

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$2,000m $1,744m $1,987m
1,500
$1,193m ($950m)
1,000
500
0
FY14 Settled Net sales FY15
----- End of picture text -----

• Exchanged pre-sales less than 1 year old — 77%

• Exchanged pre-sales less than 2 years old — 23%

• Apartment pre-sales less than $1m — 65%

• Masterplanned communities pre-sales less than $1m — 90%

FY16 EXPECTED MAJOR RE	LEASES 1 STAT	E T	YPE APPROXIM	ATE LOTS
Harold Park, Precinct 5 NSW Apartments 124
St Leonards NSW Apartments 500
Sydney Olympic Park NSW Apartments 405
Waterloo NSW Apartments 225
Evelyn Waterfront QLD Apartments 123
Art House QLD Apartments 168
Dallas Brooks Hall VIC Apartments 259
Yarra’s Edge, Tower 10 (Forge) VIC Apartments 228
Claremont WA Apartments 92
Brighton Lakes NSW MPC 155
Gledswood Hills NSW MPC 200
Googong NSW MPC 250
Tullamore VIC MPC 190
Jack Road VIC MPC 135
Rockbank VIC MPC 360
Baldivis WA MPC 125

1) Subject to planning approvals and market demand.

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 37

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RESIDENTIAL: FY15 ACQUISITIONS

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ESTIMATED SETTLEMENT PROJECT STATE OWNERSHIP NO. OF LOTS 1 PRODUCT TYPE COMMENCEMENT 1 Alex Avenue NSW 100% 34 MPC (land lots) FY16 Gledswood Hills NSW 100% 577 MPC (land and housing) FY16 Marsden Park NSW PDA 1,261 MPC (land and housing) FY18 Moorebank NSW PDA 179 MPC (medium density housing) FY18 St Leonards NSW 100% 500 Apartments FY20 Sydney Olympic Park NSW PDA 405 Apartments FY18 Bridgeman Downs QLD 100% 124 MPC (land lots) FY16 Greenbank QLD 100% 3,300 MPC (land lots) FY19 Cheltenham VIC 100% 184 MPC (housing) FY16 Claremont WA 100% 234 Apartments FY18 West Swan WA 100% 365 MPC (land lots) FY17 Total 7,163 2				ESTIMATED SET	TLEMENT

1) Subject to planning approvals.

2) Excludes the acquisition of Leighton Properties 50% interest in the Green Square Consortium. Note: PDA’s are development service contracts and there is no ownership to Mirvac.

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 38

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RESIDENTIAL: FY15 SETTLEMENTS

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2,271 lot settlements consisting of:

2,271 lot settlements consisting of:
FY15 SETTLEMENTS BY LOTS	APARTMENTS MASTERPLANNED COMMUNITIES TOTAL
	LOTS TOTAL LOTS TOTAL LOTS %
NSW	482 21% 770 34% 1,252 55%
QLD	13 1% 252 11% 265 12%
VIC	184 8% 186 8% 370 16%
WA	9 <1% 375 17% 384 17%
Total	688 30% 1,583 70% 2,271 100%

FY15 LOT SETTLEMENTS

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By product type

Masterplanned communities: 70% Apartments: 30%

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By geography

NSW: 55% QLD: 12% VIC: 16% WA: 17%

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By structure

By provision

100% Mirvac Non-provision inventory: 68% settlements: 78% MWRDP: 13% Provision JV’s and settlements: 22% Associates: 12% PDA’s: 1% Development funds: 5%

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 39

RESIDENTIAL: FY15 SETTLEMENTS DETAIL

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FY15 MAJOR SETTLEMENTS	PRODUCT TYPE	OWNERSHIP	LOTS
Harold Park, NSW	Apartments	100%	482
Gainsborough Greens, QLD	Masterplanned Communities	100%	243
Googong, NSW	Masterplanned Communities	50%	227
Elizabeth Hills, NSW	Masterplanned Communities	100%	184
Yarra’s Edge, VIC	Apartments	100%	178
Harcrest, VIC	Masterplanned Communities	20%	130
Glenfeld, NSW	Masterplanned Communities	100%	119
Alex Avenue, NSW	Masterplanned Communities	100%	103
Seascapes MWRDP Syndicate, WA	Masterplanned Communities	20%	88
Osprey Waters, WA	Masterplanned Communities	100%	73
Sub total			1,827
Other projects			444
Total			2,271

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FY15 AVERAGE SAL	ES PRICE		$
House $700k
Land $340k
Apartments $997k
FY15 BUYER PROFILE %
Upgraders / empty nesters 31%
Investors 40%
First home buyers 29%
FY15 BUYER PROFILE BY GEOGRAPHY %
Domestic 86%
FIRB 14%

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 40

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RESIDENTIAL: PROVISIONS – ROLL OFF[ 1]

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• $21.7m in provision release during FY15

• Remaining inventory provision balance of $162m at 30 June 2015

EXPECTED PROVISION RELEASE PROFILE

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$40m
30
20
10
0
FY16 FY17 FY18 FY19 FY20
Englobo Other
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EXPECTED CLOSING PROVISION BALANCE ROLL OFF

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$150m
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120
90
60
30
0
FY16 FY17 FY18 FY19 FY20
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1) Based on forecast revenue, market conditions, expenditure and interest costs over project life.

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 41

MIRVAC GROUP

CALENDAR

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 42

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2H16 CALENDAR

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EVENT	LOCATION			DATE 1
Private roadshow Sydney 14 – 18 August 2015
Private roadshow Melbourne 20 & 21 August 2015
Private roadshow Europe 1 & 2 September 2015
CLSA conference HongKong 14 – 16 September 2015
Private roadshow Japan 17 & 18 September 2015
1Q16 update ASX Release 29 October 2015
2015 Annual General Meeting Brisbane 12 November 2015
Investor Relations Contact

T: (02) 9080 8000 E: investor_relations@mirvac.com

1) All dates are indicative and subject to change.

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 43

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GLOSSARY

MEANING

TERM

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FY Full year
A-REIT Australian Real Estate Investment Trust
AFFO Adjusted Funds from Operations
BP Basis Points
CBD Central Business District
COGS Cost of Goods Sold
CPSS Cents Per Stapled Security
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DA Development Application — Application from the relevant planning authority to construct, add, amend or change the structure of a property.
DPS Distribution Per Stapled Security
DMA Development Management Agreement
EBIT In the current reporting period, Mirvac has revised its defnition of Earnings Before Interest and Taxes (EBIT). Mirvac considers interest income from joint ventures and interest income from mezzanine loans to be part of a business’s operations and should therefore form part of operating revenue. Prior to FY11, interest income from joint ventures and interest income from mezzanine loans were shown as part of interest revenue. All historical EBIT fgures in this presentation have been re-stated to refect the current defnition of EBIT for comparability.
EIS Employee Incentive Scheme
ENGLOBO Group of land lots that have subdivision potential
EPS Earnings Per Stapled Security
FHB First Home Buyer
FFO Funds from Operations
FY Financial Year
GE GE Real Estate Investments Australia
ICR Interest Cover Ratio
IFRS International Financial Reporting Standards
IPD Investment Property Databank
IPUC Investment properties under construction
IRR Internal Rate of Return

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TERM MEANING

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JVA Joint Ventures and Associates
LPT Listed Property Trust
MAT Moving Annual Turnover
MGR Mirvac Group ASX code
MPT Mirvac Property Trust
MTN Medium Term Note
MWRDP Mirvac Wholesale Residential Development Partnership
NABERS National Australian Built Environment Rating system — The National Australian Built Environment Rating System is a
multiple index performance-based rating tool that measures an existing building’s overall environmental performance
during operation. In calculating Mirvac’s NABERS office portfolio average,
several properties that meet the following criteria have been excluded:
i) Future development — If the asset is held for future (within 4 years) redevelopment
ii) Operational control — If operational control of the asset is not exercised by MPT (ie tenant operates the building or
controls capital expenditure).
iii) Less than 75% office space – If the asset comprises less than 75% of NABERS rateable office space by area.
iv) Buildings with less than 2,000sqm office space
NLA Net Lettable Area
NOI Net Operating Income
NPAT Net Profit After Tax
NRV Net Realisable Value
NTA Net Tangible Assets
PCA Property Council of Australia
PDA Project Delivery Agreement. Provision of development services by Mirvac to the local land owner
ROIC Return on Invested Capital calculated as earnings before interest and tax divided by invested capital
SQM Square Metre
USPP US Private Placement
WACR Weighted Average Capitalisation Rate
WALE Weighted Average Lease Expiry
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MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 44

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IMPORTANT NOTICE

Mirvac Group comprises Mirvac Limited (ABN 92 003 280 699) and Mirvac Property Trust (ARSN 086 780 645). This presentation (“Presentation”) has been prepared by Mirvac Limited and Mirvac Funds Limited (ABN 70 002 561 640, AFSL number 233121) as the responsible entity of Mirvac Property Trust (collectively “Mirvac” or “the Group”). Mirvac Limited is the issuer of Mirvac Limited ordinary shares and Mirvac Funds Limited is the issuer of Mirvac Property Trust ordinary units, which are stapled together as Mirvac Group stapled securities. All dollar values are in Australian dollars (A$).

The information contained in this Presentation has been obtained from or based on sources believed by Mirvac to be reliable. To the maximum extent permitted by law, Mirvac, its affiliates, officers, employees, agents and advisers do not make any warranty, express or implied, as to the currency, accuracy, reliability or completeness of the information in this Presentation or that the information is suitable for your intended use and disclaim all responsibility and liability for the information (including, without limitation, liability for negligence).

This Presentation is not financial advice or a recommendation to acquire Mirvac stapled securities and has been prepared without taking into account the objectives, financial situation or needs of individuals. Before making an investment decision prospective investors should consider the appropriateness of the information in this Presentation and the Group’s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange having regard to their own objectives, financial situation and needs and seek such legal, financial and/or taxation advice as they deem necessary or appropriate to their jurisdiction.

To the extent that any general financial product advice in respect of the acquisition of Mirvac Property Trust units as a component of Mirvac stapled securities is provided in this Presentation, it is provided by Mirvac Funds Limited. Mirvac Funds Limited and its related bodies corporate, and their associates, will not receive any remuneration or benefits in connection with that advice. Directors and employees of Mirvac Funds Limited do not receive specific payments of commissions for the authorised services provided under its Australian Financial Services License. They do receive salaries and may also be entitled to receive bonuses, depending upon performance. Mirvac Funds Limited is a wholly owned subsidiary of Mirvac Limited.

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An investment in Mirvac stapled securities is subject to investment and other known and unknown risks, some of which are beyond the control of Mirvac, including possible delays in repayment and loss of income and principal invested. Mirvac does not guarantee any particular rate of return or the performance of Mirvac nor do they guarantee the repayment of capital from Mirvac or any particular tax treatment.

This Presentation contains certain “forward looking” statements. The words “anticipated”, “expected”, “projections”, “forecast”, “estimates”, “could”, “may”, “target”, “consider” and “will” and other similar expressions are intended to identify forward looking statements. Forward looking statements, opinions and estimates provided in this Presentation are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. Forward-looking statements including projections, indications or guidance on future earnings or financial position and estimates are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. There can be no assurance that actual outcomes will not differ materially from these statements. To the full extent permitted by law, Mirvac Group and its directors, officers, employees, advisers, agents and intermediaries disclaim any obligation or undertaking to release any updates or revisions to the information to reflect any change in expectations or assumptions. Past performance information given in this Presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance. Where necessary, comparative information has been reclassified to achieve consistency in disclosure with current year amounts and other disclosures.

This Presentation also includes certain non-IFRS measures including operating profit after tax. Operating profit after tax is profit before specific non-cash items and significant items. It is used internally by management to assess the performance of its business and has been extracted or derived from Mirvac’s financial statements ended 30 June 2015, which has been subject to audit by its external auditors.

This Presentation is not an offer or an invitation to acquire Mirvac stapled securities or any other financial products and is not a prospectus, product disclosure statement or other offering document under Australian law or any other law. It is for information purposes only.

The information contained in this presentation is current as at 30 June 2015, unless otherwise noted.

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 45

MIRVAC GROUP

FOLLOW US MIRVAC MIRVAC ON TWITTER INVESTOR RELATIONS FY15 PROPERTY @MIRVAC WEBSITE COMPENDIUM

MIRVAC I FY15 ADDITIONAL INFORMATION I 13 AUGUST 2015 I 46