MIRVAC GROUP — Investor Presentation 2022

Apr 28, 2022

Commercial & Mixed Use Pipeline & Construction Investor Update

29 APRIL 2022

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COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Acknowledgement of Country

Mirvac pays its respect to all Aboriginal and Torres Strait Islander peoples, Traditional Custodians of the lands and waters of Australia where we live, work and play.

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‘Reimagining Country’ by Riki Salam (Mualgal, Kaurareg, Kuku Yalanji), We are 27 Creative.

29 APRIL 2022 — 1

3Q22 Commercial Construction Operational & Mixed Use Sustainability Capability Update Brett Draffen Sarah Clarke Jason Vieusseux Susan Lloyd‑Hurwitz Chief Investment Officer Group General Manager, General Manager, Design CEO & Managing Director Sustainability Management & Construction 03 08 20 25 Commercial & Mixed Use Build to Rent Industrial Smart Pipeline Detail Pipeline Detail Pipeline Detail Buildings Simon Healy Angela Buckley Richard Seddon Ramesh Narayana Group General Manager, General Manager, General Manager, National Asset Commercial & Mixed Use Development Build to Rent Industrial Technology Manager 33 43 48 53

29 APRIL 2022 — 2

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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3Q22 Operational Update

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CEO & Managing Director

Olderfleet 477 Collins Street, Melbourne

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COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Reiterated guidance driven by the resilience of our integrated model

OPERATING EPS AND DPS

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EPS DPS
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16.0 cents
at least 15.0
14.0
12.0
GUIDANCE FY22 EPS 10.2
9.9
at least 7.1%
8.0
GROWTH ON FY21
4.0
0.0
FY21 FY22 FY21 FY22
Planet
Positive
#1 IN PROPERTY, CONSTRUCTION
AND TRANSPORT CATEGORY Water
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29 APRIL 2022 — 4

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

Residential expect 2,500 settlements for FY22

2,332 1,645 ~$1.6bn 75% SALES YTD[ 1] SETTLEMENTS YTD[ 1] PRE-SALES[ 1] OWNER OCCUPIER (3Q22: 518) (3Q22: 342) PRE-SALES[ 1]

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The Langlee Waverley, Sydney | Artist impression, final design may differ. | 1. As at 31 March 2022.

29 APRIL 2022 — 5

~40% PRE-LEASED[ 2]

Switchyard, Auburn, Sydney | Artist impression, final design may differ.

~97%

PRE-LEASED[ 2]

COMPLETION ON TRACK FOR 4Q22

~63% PRE-LEASED[ 2]

80 Ann Street, Brisbane | Artist impression, final design may differ.

1. Represents 100% expected end value, subject to various factors outside Mirvac’s control, such as planning outcomes, market demand, ongoing construction costs escalation, supply chain risks and COVID-19 uncertainties.

2. As at 31 March 2022, including non-binding heads of agreements.

Aspect Kemps Creek, Sydney | Artist impression, final design may differ.

29 APRIL 2022 — 6

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Investment portfolio metrics solid as market recovery continues

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LEASING SPREADS CASH COLLECTION [ 2] WALE [3] PIPELINE IN CONSTRUCTION
4.0% 87% 6.9yrs ~$1bn [ 4]
95.3% 97.4% 100.0% 98%
OCCUPANCY [ 1] OCCUPANCY [ 1] OCCUPANCY [ 1] LEASED [ 5]
Locomotive Workshop, South Eveleigh Orion Springfield Central, Brisbane Calibre, Sydney LIV Indigo, Sydney
OFFICE RETAIL INDUSTRIAL BUILD TO RENT
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1. By area, excluding IPUC and assets held for development, as at 31 March 2022.

2. Net cash collections for the 9 months to 31 March 2022, excluding development impacted assets.

3. By income, excluding IPUC and assets held for development, as at 31 March 2022.

4. Represents 100% expected end value, subject to various factors outside Mirvac’s control, such as planning outcomes, market demand, ongoing construction costs escalation, supply chain risks and COVID-19 uncertainties.

5. As at 31 March 2022.

29 APRIL 2022 — 7

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Commercial & Mixed Use

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Chief Investment Officer

55 Pitt Street, Sydney (artist impression, final design may differ)

29 APRIL 2022 — 8

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Mirvac takes a highly disciplined approach to allocating capital

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URBAN STRATEGY
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Asset Curation Asset creation
80% $10.3bn 20%
SECURE YIELD — UNDERPINS GROUP DISTRIBUTION DISCIPLINED GROWTH
Third party
$13.4bn [ 1] capital $1.9bn
management
OFFICE INDUSTRIAL RETAIL BUILD TO RENT RESIDENTIAL COMMERCIAL & MIXED USE
Artist impression
62%2 11%2 24%2 3%2
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1. Invested capital includes investment properties, IPUC, assets held for sale, JVA, deferred land and other financial assets on balance sheet.

2. Portfolio composition based on passive invested capital, excluding Travelodge Portfolio.

29 APRIL 2022 — 9

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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The Mirvac difference

INTEGRATED ASSET CREATION AND CURATION CAPABILITY IS A KEY COMPETITIVE ADVANTAGE: 'FLY-WHEEL' EFFECT HAS CONSIDERABLE BENEFITS TO STAKEHOLDERS

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Development
Funds distributions from recurring
income and future developments
Development
EBIT
Integrated
NTA
investment
Uplift
portfolio
New recurring high
Delivers new assets quality rental income
Capital Partnerships
drives asset & funds
management fee income
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29 APRIL 2022 — 10

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Integrated development capability creating value

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ASSET VALUE CREATION DEVELOPMENT FLEXIBILITY
> $1bn of value created over last 6.5 years > Adjust designs to meet evolving
including $121m in 1H22 customer requirements
– $566 asset revaluations [ 1] > Sustainability leadership
– $449m realised development profit [ 1] > Leverage existing diversified business model skill-sets
within Mirvac to participate in complex development
> 30% total return on average for
opportunities with less competition
completed developments
> $4.6bn of new assets created off-market (100% share) [ 3] > Construction cost and supply chain management
> ~$120m of new annual income created [ 2] (MGR share) > Tier 1 developer, scale and in-house design
> Capital partnering/FM income opportunities > Long development track record over 50 years
> Improve portfolio quality > Owner/developer – aligned interests
> Planning risk assessment/management
> Complex opportunities with government/public infrastructure
> Assessment/management of lease tail risks
NEW ASSET / INCOME GENERATION ey(artists impression,finalde RISK MANAGEMENT
dn sig
Sy nm
et, ay
tre diff
tS er)
Pit
55
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1. Accumulated over FY15-1H22.

2. Annualised 1H22 income of all assets created between FY15-1H22.

3. Since 2013.

29 APRIL 2022 — 11

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Deep track record of delivering quality assets

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8 CHIFLEY SQUARE, SYD 2 RIVERSIDE QUAY, MEL 200 GEORGE STREET, SYD 664 COLLINS STREET, MEL CALIBRE, SYD SOUTH EVELEIGH, SYD 477 COLLINS ST, MEL
10
ASSETS CREATED
SINCE 2013
$4.6bn 5
VALUATION OF
ASSETS CREATED
30%
AVERAGE
RETURN ON COST
2013 2016 2018 2019 2020
> Grade: Premium > Grade: A > Grade: Premium > Grade: A > Grade: N/A > Grade: A > Grade: Premium
> > NABERS:Green Star: 5.5 star 6.0 star > > NABERS:Green Star: 5.5 star 5.0 star > > NABERS:Green Star: 5.5 star 6.0 star > > NABERS:Green Star: 6.0 star 6.0 star > > NABERS:Green Star: N/AN/A > > NABERS:Green Star: 6.0 star 6.0 star [ 2] [ 2] > > NABERS:Green Star: 5.0 star target 6.0 star target [3] [3] 99%
AVERAGE LEASED
> Leased at PC: 97% > Leased at PC: 100% > Leased at PC: 100% > Leased at PC: 100% > Leased at PC: 100% > Leased at PC: 100% > Leasing at PC: 98% ON COMPLETION
> Completion: 2013 > Completion: 2016 > Completion: 2016 > Completion: 2018 > Completion: 2018 > Completion: 2019 > Completion: 2020
> Ownership: 50% > Ownership: 50% > Ownership: 50.1% > Ownership: 50% > Ownership: 50% > Ownership: 33.3% > Ownership: 50%
> Valuation: $456m [ 1] > Valuation: $303m [ 1] > Valuation: $1,156m [ 1] > Valuation: $311m [ 1] > Valuation: $312m [ 1] > Valuation: $1,379m [ 1] > Valuation: $908m [ 1]
> Return on cost: 18% [ 4] > Return on cost: 32% [ 4] > Return on cost: 48% [ 4] > Return on cost: 43% [ 4] > Return on cost: 42% [ 4] > Return on cost: 21% [ 4] > Return on cost: 38% [ 4]
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1. 100% value.

2. 6.0 star NABERS and Green Star rating achieved by Axle. The Foundry is targeting a 6.0 star Green Star rating, and a 5.0 star NABERS rating.

3. Olderfleet is first office building in Australia to achieve Platinum Core and Shell WELL Pre-Certification.

4. Mirvac return on cost at time of completion.

5. Based on 100% end values at time of completion.

29 APRIL 2022 — 12

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Award winning residential and urban precinct curator

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2011–2015
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2016–2021
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INCREASED COMMERCIAL DEVELOPMENTS FROM PREVIOUSLY PREDOMINANTLY RESIDENTIAL

DEMONSTRATED CAPABILITY AS A TOP TIER COMMERCIAL DEVELOPER

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2022+
VISION
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TO BE A LEADING CREATOR & CURATOR OF EXTRAORDINARY URBAN PLACES AND EXPERIENCES TO MAKE LIFE BETTER FOR MILLIONS OF AUSTRALIANS

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8 Chifley Square, 699 Bourke Street, David Malcolm Calibre, 200 George Street, South Eveleigh, Olderfleet LIV Munro, Waterloo Harbourside,
SYD MEL Justice Centre, SYD SYD SYD 477 Collins Street, MEL [1] Metro Quarter, SYD [ 1]
PER MEL SYD [ 1]
Office 50%
Office 94% JUN 15 DEC 21 Industrial 18%
Industrial 6% $3.4bn +3.8x $12.9bn Mixed Use BTR 11% 21%
PIPELINE [ 4] PIPELINE [ 4]
1. Artist impression, final design may differ. 29 APRIL 2022 — 13
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1. Artist impression, final design may differ.

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Completed developments have added considerable recurring annual NOI to portfolio

CUMULATIVE RECURRING ANNUAL NOI CREATED (MGR SHARE)[ 1]

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$120m
100
80
60
40 ~$120m
OF RECURRING
ANNUAL NOI
CREATED
20
0
8 Chifley Square, Calibre, Sydney 200 George Street, David Malcolm Justice Centre, 664 Collins Street, 699 Bourke Street, Riverside Quay, Olderfleet 477 Collins Street, South Eveleigh, Locomotive Workshop,
Sydney Sydney Perth Melbourne Melbourne Southbank Melbourne Sydney South Eveleigh [ 2]
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1. Cumulative stabilised initial year 1 NOI from completed Office and Industrial developments, based on 100% occupancy and 50% ownership, other than South Eveleigh at 33.3% ownership and Locomotive Workshops, South Eveleigh at 51% ownership. 2. Development completed Nov 21, represents stabilised annual NOI from asset.

29 APRIL 2022 — 14

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Future potential recurring annual NOI from current development pipeline

POTENTIAL VALUE RECURRING ANNUAL NOI - 50% SHARE[ 1]

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$300m
Future secured developments
250
200
150
>$250m
of potential future NOI
could be realised over
100 the next 5-6 years [ 1]
Committed developments
50
0
80 Ann Street, Brisbane Switchyard Auburn, Sydney Committed BTR [ 2] Industrial BTR Office Mixed Use
Industrial BTR Office Mixed Use
1
INDICATIVE ONLY
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1. Indicative estimate only and not a forecast, based on current assumptions and subject to change due to planning outcomes, market conditions, leasing outcomes and COVID 19 uncertainties. NOI numbers assume Mirvac retains a 50% stake of secured pipeline developments on completion, final outcome may differ.

2. Includes LIV Munro (Melbourne), LIV Aston (Melbourne) and LIV Anura (Brisbane).

29 APRIL 2022 — 15

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Significant value created (NTA uplift and realised development profits booked)

ASSET VALUE CREATION

$250m

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200
~$149m
AVERAGE P.A.
150 VALUE CREATION
FY16 - FY21 [ 1]
100
50
0
FY16 FY17 FY18 FY19 FY20 FY21 1H22
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VALUE CREATION[ 1] FY16-1H22

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~$1.0bn
VALUE CREATION
FY16-1H22
Development revaluation gain: 56%
Commercial & Mixed Use Development EBIT: 44%
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Commercial & Mixed Use Development EBIT Development revaluation gain

1. Value creation equals development EBIT and revaluation gain on Mirvac share retained of asset post completion.

29 APRIL 2022 — 16

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Future value creation potential (NTA uplift and realised development profits)

POTENTIAL VALUE UPLIFT/DEVELOPMENT PROFITS (100% SHARE)[1]

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$2,000m
Future secured developments
1,600
1,200
~$1.8bn
800
of potential d evelopment
uplift to be realised
Committed developments predominately over the next
5-6 years across current
400
secured de velopment
pipeline [ 1]
0
80 Ann Street, Brisbane Switchyard Auburn, Sydney Committed BTR [ 2] Industrial BTR Office Mixed Use
Industrial BTR Office Mixed Use
1
INDICATIVE ONLY
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1. Indicative estimate only and not a forecast, based on current assumptions and subject to change due to planning outcomes, market conditions, leasing outcomes and COVID 19 uncertainties. Development uplift based on current project estimates and market aligned cap rates, final outcome may differ.

1. Includes LIV Munro (Melbourne), LIV Aston (Melbourne) and LIV Anura (Brisbane).

29 APRIL 2022 — 17

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Development completions driving portfolio quality

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Development completions driving portfolio quality
0.3% pa
PORTFOLIO QUALITY BENEFITS FROM DEVELOPMENT COMPLETIONS CAPEX AS % OF
ASSET VALUE OVER
5.4 NABERS Rating 100% Prime LAST 4 YEARS
5.2
98
11.8 yrs
5
AVERAGE ASSET AGE
95
4.8
93
4.6 6.2 yrs
WALE OF OFFICE
PORTFOLIO [ 1]
90
4.4
88
4.2
85%
OF PORTFOLIO
CREATED BY MIRVAC
4 85
FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 1H22
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100bp PA OUTPERFORMANCE OFFICE PORTFOLIO OVER 3,5 AND 15 YRS[ 2]

1. By income, excluding assets held for development, as at 31 March 2022.

2. Source: Real Investment Analytics based on compound average returns to 31 Dec 21.

29 APRIL 2022 — 18

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Capital partnering to drive FUM growth

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CONTINUED GROWTH IN EXTERNAL AUM
$16.0 billion
1
~$5bn
Future potential
12 organic growth from
development pipeline
>22% $10.3
$9.9
$9.4
PA CAGR $8.7
SINCE FY15
8 $7.7
$6.3
$5.8
4
$2.8
0
FY15 FY16 FY17 FY18 FY19 FY20 FY21 1H22
External assets and funds under management For illustrative purposes, represents 50% of CMU development pipeline, potentially sold to capital partners
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1. ~$5bn assumes 50% capital partnership on current development pipeline assets with 100% Mirvac ownership.

29 APRIL 2022 — 19

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Reimagine urban life, sustainably

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Group General Manager, Sustainability

South Eveleigh, Sydney

29 APRIL 2022 — 20

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Sustainability is at the heart of everything that we do

Mirvac’s sustainability strategy, This Changes Everything, was launched in 2014

• The strategy was refined in 2018, focussing on six material ESG issues:

• Climate change and natural resources (environment)

• Our community and social inclusion (social)

• Our people and trusted partnerships (transparent governance)

• We aim to be a force for good

• Sustainability is in our cultural DNA

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RESOURCES REIMAGINED ENRICHED COMMUNITIES TRANSPARENT GOVERNANCE

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29 APRIL 2022 — 21

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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A net positive carbon company[ 1] ‑ 9 years ahead of target

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Maximise energy efficiency

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Use 100% renewable energy

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Build 100% electric assets

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Purchase high-quality offsets

1. Net positive carbon scope 1 & 2.

29 APRIL 2022 — 22

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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The value of ESG

DELIVERS GREATER FINANCIAL RETURNS

• Greater ROIC

• Lowers costs and lifts values

• Improves tenant appeal for existing and new buildings

IMPROVES CUSTOMER ALIGNMENT

• Aligns with customer objectives and requirements

• Facilitates attraction, retention and productivity of key talent

• Provides operational efficiencies and savings

DRIVES INVESTOR ALIGNMENT

• Drives risk mitigation - decarbonised climate resilient portfolio

• Provides continuous feedback/learning drives knowledge into developments

• Utilises scale to drive leadership

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200 George Street, Sydney
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29 APRIL 2022 — 23

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Focus on Scope 3 with action plan nearing completion

FACILITATING CUSTOMERS TO ACHIEVE LOWER EMISSIONS

• All electric, renewable electricity, energy efficient, smart buildings

WASTE AND WATER TARGETS IN PLACE

• Net positive water by 2030

• Zero waste to landfill by 2030

• 25% recycled content in major materials

• Recovery of fit out materials

CARBON REDUCTION INITIATIVES ALREADY IMPLEMENTED:

• Lowering embodied carbon in construction

• Utilising our scale and buying power to trial new building design, technologies and building products

• Lower embodied carbon concrete

• Net Zero homes at The Fabric

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80 Ann Street, Brisbane [ 1] 90 Collins Street, Melbourne [ 1]
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29 APRIL 2022 — 24

1. Artist impression, final design may differ.

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Construction Capability General Manager, Design Management & Construction

29 APRIL 2022 — 25

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Construction team overview

• Tier 1 general contractor for Mirvac development, with a proven track record, successfully delivering 55 projects worth $8.2bn since FY14

• Construction capability delivers 95% of built form for Mirvac

• 350+ employees within the construction team operating across 4 states and 5 asset classes

• Highly experienced management and delivery teams

• Construction Management Team average Mirvac tenure 13 years

• Project leadership team average Mirvac tenure 9 years

• Fully integrated model from design inception to construction delivery

WE OPERATE ACROSS OUR CORE MARKETS & PRODUCT LINES EXTENSIVE EXPERIENCE AND HIGHLY VALUABLE DEPTH OF KNOWLEDGE

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Apartments BTS
Masterplanned Communities
Office
Apartments BTR
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GENERAL MANAGER, DESIGN MANAGEMENT
Jason Vieusseux
COST PLANNING & COMMERCIAL TEAMS PROJECT DELIVERY TEAMS VALUE ADD EXPERTISE
Team size: 6 22 24 62 141 51 24 5 20
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29 APRIL 2022 — 26

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Multi disciplined in‑house skill‑set is a key differentiator

• Internal model enhances collaborative end to end approach amongst key project stakeholders

• Truly a one project approach, from concept to completion and beyond

• ‘Developer’s builder’ approach – zero margin business

• Diverse skill set, with in-house experts providing in depth advice

• Experience matters - iterative learnings, feedback loop using live market data

Management of all Project reporting aspects of project delivery and risk management Digital Full in‑house Construction cost planning Governance and Planning and Limits of Authority programming Procurement alliances, HSE Management

Procurement alliances, bundling and offshore direct

29 APRIL 2022 — 27

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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The unique difference of our integrated model

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ALIGNMENT OF INTEREST – INTERNAL MODEL
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SIZE, DIVERSITY AND SCALE
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SUPERIOR PLANNING AND MANAGEMENT OVERSIGHT
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• Design, planning and delivery skills focus on end product and customer outcomes

• Zero margin, at cost construction

• Speed and flexibility to market is a key competitive advantage

• ‘Developer’s builder’ mindset

• Strongest skill-set is highly complex projects

• Secure relationships with suppliers drives better commercial outcomes

• Diversity of operations across multiple product lines in all core markets

• Scale facilitates leadership in utilisation of new processes and technology

• Early relationships with stakeholders and subcontractors to de-risk projects earlier

• Detailed cost management – avoids cost overruns

• Safety/quality outcomes protect project profitability

• Sustainability embedded

• Iterative learning loop on pricing, product design and scheduling impacts

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South Everleigh, Sydney Bathroom pods 200 George Street, Sydney
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29 APRIL 2022 — 28

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Typical construction life cycle

1. PRECONSTRUCTION

• Key delivery adviser for project transaction documents (PDA, AFL, JV)

• Detailed planning of all aspects of construction including:

• Cost planning and budget

• Project planing and programming

• Design, material and equipment optimisation

• Sustainability project plan

• Detailed risk and opportunity assessments

• Procurement strategy and early subcontractor engagement

4. PROJECT FINALISATION & REVIEW

• Detailed multistage building commissioning system testing

• Training occupants in use of building

• Fine tuning of building systems and operations

• Post completion presence onsite

• Feedback loop on lessons learned

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2. DESIGN & PROCUREMENT

• Managing design to achieve feasibility and minimise future capex / opex of assets

• Alignment of procurement activities across different product lines and projects

• Detailed due diligence on subcontractor partner capabilities

• Robust governance and procurement processes including limits of authority

3. CONSTRUCTION PHASE

• Proactive construction management including:

• Comprehensive program management

• Robust budget and cost management

• Industry leading HSE

• Best in class quality assurance

• Seamless and proactive integration of tenant requirements

• Rigorous application of standardised systems and controls

• Overall performance management, reporting and oversight

29 APRIL 2022 — 29

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Managing cost escalation

• Signs of stress in construction industry now more evident, magnified by floods and evolving geopolitical issues

• Escalation in construction costs and supply shortages evident

INTEGRATED MODEL PROVIDES COMPETITIVE ADVANTAGE IN MANAGING THESE CONDITIONS

• Leading market pricing through competitive tendering and fixed price sub-contracting

• Development flexibility - in design and product specification to offset supply chain challenges

• Experience, forward planning, appropriate contingencies, relationship and risk management critical

100%

83%

43%

FY22 COSTS HAVE FY23 COSTS HAVE FY24 COSTS HAVE BEEN BEEN SECURED[ 1] BEEN SECURED[ 1] SECURED[ 1]

INPUTS FOR A TYPICAL OFFICE DEVELOPMENT

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Civil & Demo: 8%
Structure: 25%
Façade: 17%
Services: 27%
Finishes: 13%
Fitout: 4%
External works: 6%
SYD/MELB
2‑4%
LONG TERM COST ESCALATION
ESCALATION BAND EXPECTED 2022
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1. Relates to trade costs associated with commercial and high rise residential construction.

29 APRIL 2022 — 30

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Digitising our construction process

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MANAGEMENT DASHBOARDS
CPO SOFTWARE [ 1]
CONSTRUCTION OPERATING PLATFORM BUILDING INFORMATION MODELLING (BIM)
Cost Documentation 3D: Building 5D: Cost
Management Safety 4D: Time 6D: Operations ARTIFICIAL INTELLIGENCE
Tendering Quality
CRANE CAST [ 1]
DFMA [ 2] OFF-SITE TRACKING
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1. Systems developed by BuildAI – a Mirvac Ventures investment. 2. DFMA - Design for Manufacture and Assembly.

29 APRIL 2022 — 31

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

Q&A

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Brett Draffen Chief Investment Officer

Susan Lloyd‑Hurwitz CEO & Managing Director

Jason Vieusseux General Manager, Design Management & Construction

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Campbell Hanan Head of Integrated Investment Portfolio

Courtenay Smith Chief Financial Officer

Sarah Clarke Group General Manager, Sustainability

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29 APRIL 2022 — 32
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COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Commercial & Mixed Use Pipeline Detail

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Group General Manager, Commercial & Mixed Use Development General Manager, Build to Rent General Manager, Industrial

Harbourside, Sydney (artist impression, final design may differ)

29 APRIL 2022 — 33

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Benefiting from an integrated in‑house development model

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Planning Capital
Site acquisition Design Leasing Construction Handover
approval Partnering
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29 APRIL 2022 — 34

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Progressing our ~$12.9bn development pipeline

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OFFICE INDUSTRIAL BUILD TO RENT MIXED USE
1 1 1 1
~$6.5bn ~$2.3bn ~$1.4bn ~$2.7bn
80 Ann Street, LIV Munro, Switchyard Auburn, Aspect Kemps Elizabeth Enterprise LIV Anura, LIV Aston/ 7 Spencer Street, LIV Albert Fields,
Brisbane Melbourne Sydney Creek, Sydney Badgerys Creek, Sydney Brisbane Melbourne Melbourne
20 22 2022 2022+ 2023+ 2023+ 2024 2024/25 2025
Waterloo Metro 90 Collins Street, 200 Turbot 55 Pitt Street, 383 La Trobe Street, Green Square, 75 George Street, Harbourside,
Quarter, Sydney Melbourne Street, Brisbane Sydney Melbourne Sydney Parramatta Sydney
20 25+ 2026+ 2026+ 2026+ 2026+ 2026+ 2027 2027
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Note: Timeline is indicative only and reflects potential project timing (calendar year) subject to change for reasons including planning outcomes, development and construction decisions, market conditions and COVID-19 uncertainties. Note: All images are artist impressions, final design may differ.

29 APRIL 2022 — 35

1. Represents 100% expected end value/revenue, subject to various factors outside Mirvac’s control, such as planning outcomes, market demand, ongoing construction costs escalation, supply chain risks and COVID-19 uncertainties.

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

Leveraging our expertise to deliver large scale precincts

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UNLOCKING VALUE THROUGH LARGE SCALE MIXED USE PRECINCT DELIVERY
PRECINCT INTEGRATED OPTIMISING CAPITAL
FOCUS MIRVAC APPROACH MIX PARTNERING
Design and deliver Leverage the best Design and deliver Invest with
leading ground plane of Mirvac's sector appropriate mix aligned long-term
and retail amenity specific development of uses capital partners
Create a strong capability to each Balancing market
sense of identity, project appeal and demands
community and place with overall value
WATERLOO METRO QUARTER, SYD
Size ~36,000 sqm commercial/retail
150 residential units
student accommodation
social housing
End value [ 1] ~$915m
Yield on cost target range 5-6%
Ownership JV with John Holland
Status All 5 DAs now approved
Potential completion CY2025
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1. Represents 100% expected end value/revenue, subject to various factors outside Mirvac’s control, such as planning outcomes, market demand, ongoing construction costs escalation, supply chain risks and COVID-19 uncertainties.

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Artist impression, final design may differ.
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29 APRIL 2022 — 36
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COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

Delivering world class urban precincts

HARBOURSIDE, SYD

Size ~24,000 sqm office[ 1] ~7,000 sqm retail 320+ residential units End value[ 2] ~$1.8bn Yield on cost 5.5-6% target range Ownership 100% Status Stage 1 DA received and design competition concluded Potential CY2027 completion

Artist impression, final design may differ.

1. Subject to final DA.

2. Represents 100% expected end value/revenue, subject to various factors outside Mirvac’s control, such as planning outcomes, market demand, ongoing construction costs escalation, supply chain risks and COVID-19 uncertainties.

29 APRIL 2022 — 37

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Creating the office of the future with our ~$6.5bn pipeline

80 ANN STREET, BNE

Size ~61,000 sqm Pre-leased[ 1] ~97% End value[ 2] ~$860m Yield on cost ~6% target range Ownership 50% Mirvac, 50% M&G Real Estate Status On track to complete Q422

Artist impression, final design may differ.

1. As at 31 March 2022, including non-binding heads of agreements. 2. Represents 100% expected end value, subject to various factors outside Mirvac’s control, such as planning outcomes, market demand, ongoing construction costs escalation, supply chain risks and COVID-19 uncertainties.

29 APRIL 2022 — 38

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Re‑imagining the future of work in our major cities

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55 PITT STREET, SYD
Size ~61,000 sqm
End value [ 1] >$1.8bn
Yield on cost 5-6%
target range
Ownership 100%
Status Stage 1 DA awarded
and demolition
commenced
Potential CY2026
completion
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Artist impression, final design may differ.

1. Represents 100% expected end value, subject to various factors outside Mirvac’s control, such as planning outcomes, market demand, ongoing construction costs escalation, supply chain risks and COVID-19 uncertainties.

29 APRIL 2022 — 39

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Completing the precinct: 55 Pitt Street, Sydney

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5.5 4 6
TARGETS Sydney core prime ~61,000sqm Ground level lobby NABERS NABERS Green Star Sustainability Targeting all Platinum
office building Net leasable area fronting Pitt Street Energy Water focus electric building WELL rating
(NLA)
33-35 PITT ST DA STAGE 2
RL 265.800
> Purchased in 2013, 55 Pitt Street development
site is located at the northern end of Pitt 55 Pitt Street completes
Street in very close proximity to Circular Quay, SUNCORP PLACE GROSVENOR PLACE 23 234.700 4.7m the last available parcel
transport interchange and ferry terminals and 210-220 GEORGE STDA STAGE 2 2021 DA STAGE 2 - B1 ALFRED ST DA STAGE 2 - A1 ALFRED ST of development in the
within the same precinct as 200 George Street 203m Alfred, Pitt, Dalley,
> Secured additional development rights RL 188.540 2020-21 RL 191.000 George (APDG) Precinct
and advanced design to increase NLA
158m
> The premium office tower will deploy leading >$1. NAB HOUSE 8bn 2019
technology and sustainability principles RL 138.650
alongside carefully curated amenities to actively expected
promote health and wellbeing end value [ 1] RL 115.600 RL 112.500
110m
> Design that acknowledges Place & Country
55 PITT STREET
PROPOSED ENVELOPE
> Subject to appropriate pre-commitments ability
to start construction in CY22
R L * 5 0 .5 0 0 RL 51.991
47.700 RL 47.807
RL 21.770
CIRCULAR
REETPITT STREET69 PITT STREETBRIDGE 20 BRIDGE STREET 55 Pitt Street 33-35 PITTSTREET STREET19 PITT 1 ALFREDSTREET ALFREDSTREET EXP. WAYCAHILL
1. Represents 100% expected end value, subject to various factors outside Mirvac’s control, such as planning outcomes,
market demand, ongoing construction costs escalation, supply chain risks and COVID-19 uncertainties. 29 APRIL 2022 — 40
UNDERWOOD STREET
TIST IMPRESSION)
T
AR
E
T(
EE
E
TR
R
TS
T
ESSEX STREET
PIT
S
55
GE
GEORGE STREET
R
O
E
BULLETIN PLACE
G
0
PITT STREET
0
2
UNDERWOOD STREET
EET
DALLEY STR UNDERWOOD STREET
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COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

Re‑imagining the future of work in our major cities

7 SPENCER STREET, MEL

Size ~45,500 sqm End value[ 1] ~$630m Yield on 5-6% cost target range Ownership 100% Status DA approved Potential CY2025 completion

383 LA TROBE STREET, MEL Size ~44,000 sqm End value[ 1] ~$640m Yield on cost 5-6% target range Ownership 100% Status DA lodged Potential CY2026 completion

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Artist impression, final design may differ.
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1. Represents 100% expected end value, subject to various factors outside Mirvac’s control, such as planning outcomes, market demand, ongoing construction costs escalation, supply chain risks and COVID-19 uncertainties.

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

Re‑imagining the future of work in our major cities

90 COLLINS STREET, MEL Size ~32,500 sqm End value[ 1] ~$650m Yield on cost 5-6% target range Ownership 100% Status DA lodged Potential CY2026 completion

Artist impression, final design may differ.

1. Represents 100% expected end value, subject to various factors outside Mirvac’s control, such as planning outcomes, market demand, ongoing construction costs escalation, supply chain risks and COVID-19 uncertainties.

200 TURBOT STREET, BNE

Size ~58,000 sqm End value[ 1] ~$820m Yield on cost 5-6% target range Ownership 100% Status DA lodged Potential CY2026 completion Artist impression, final design may differ. 29 APRIL 2022 — 42

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

Build to Rent: the first generation of LIV

INDIGO, SYD Size 315 units Valuation at $220m 31 Dec 2021 Ownership 70% Mirvac, 30% CEFC Status Completed 98%[ 1] leased Completion 1H21 1. As at 31 March 2022.

MUNRO, MEL Size 490 units End value TBC Yield on cost >4.5% target Ownership 100% Status In final construction stages Potential Launching Nov completion 2022 Artist impression, final design may differ. 29 APRIL 2022 — 43

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

~$1bn Build to Rent pipeline under construction

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ASTON, MEL
Size 474 units
End value TBC
Yield on cost target >4.5%
Ownership 100%
Status Early works
construction
commenced 1H22
Potential completion CY2024
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All images are artist impressions, final design may differ.

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29 APRIL 2022 — 44
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COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Quality living spaces setting a new standard for renters

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LIV Aston Dining Room | Artist impression, final design may differ.
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LIV Aston Cinema | Artist impression, final design may differ.
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LIV Aston Dog Park | Artist impression, final design may differ.
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29 APRIL 2022 — 45

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

~$1bn Build to Rent pipeline under construction ANURA, BNE Size 396 units End value[ 1] TBC Yield on cost target >4.5% Ownership 100% Status Construction commenced 1H22 Potential completion CY2024

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All images are artist impressions, final design may differ.
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COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

The future of LIV

All images are artist impressions, final design may differ.

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ALBERT FIELDS, MEL Size 498 units End value TBC Yield on cost >4.5% target Ownership 100% Status Development permit approved by VCAT Potential CY2025 completion 29 APRIL 2022 — 47

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

10% 9 8 7 6 5 4 3 2 2019 2020 2021 IS

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Expanding Industrial portfolio via ~$2.3bn development pipeline

INDUSTRIAL LAND SECURED ON ATTRACTIVE TERMS[ 1]

$1,200/sqm 1,000 800 600 400 200 0 2012 2013 2014 2015 2016 2017 2018 2019 JLL – Av Sydney land values (2-5Ha) (LHS) JLL Sydney prime industrial cap rate (RHS) M S S RD IS

1. Arrows indicate timing site was secured.

2. Artist impression, final design may differ.

29 APRIL 2022 — 48

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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~$2.3bn Sydney Industrial pipeline underway at Switchyard

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SYDNEY CBD CENTRAL STATION WEST CONNEX STAGE 3 SYDNEY AIRPORT
PORT BOTANY
LIDCOME STATION
WEST CONNEX STAGE 2
AUBURN STATION
SILVERWATER RD
AUBURN TOWN CENTRE TO HUME HWY
M4 MOTORWAY
PARRAMATTA RD RAWSON ST
MANCHESTER RD
Size ~72,000 sqm
CLYDE
MARSHALLING Pre-leased [ 1] ~40%
YARDS
End value [ 2] ~$280m
Yield on cost >5.5%
target
Ownership 51% Mirvac, 49% North
Haven Real Estate
Fund IX Global
Status Construction underway
Potential FY23
Artist impression, final design may differ. Artist impression, final design may differ. completion
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1. As at 31 March 2022, including non-binding heads of agreements.

2. Represents 100% expected end value, subject to various factors outside Mirvac’s control, such as planning outcomes, market demand, ongoing construction costs escalation, supply chain risks and COVID-19 uncertainties.

29 APRIL 2022 — 49

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Switchyard: set to become one of Sydney’s leading last‑mile industrial precincts

Artist impression, final design may differ.

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CONSTRUCTION COMMENCED IN FY22
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SCHEDULED COMPLETION FOR FY23
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29 APRIL 2022 — 50

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Aspect, Kemps Creek: our first net neutral embodied carbon development

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1H23
Expected
construction
commencement
Leasing success
underpinned by
continued strong
demand
Size ~211,000 sqm
Pre-leased [ 1] ~63%
End value [ 2] ~$700m
Yield on cost 5-6%
target range
Ownership 100%
Status DA & Construction
Artist impression, final design may differ. Artist impression, final design may differ. commencement expected 1H23
Potential FY23-FY26
1. As at 31 March 2022, including non-binding heads of agreements. completion
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1. Represents 100% expected end value, subject to various factors outside Mirvac’s control, such as planning outcomes, market demand, ongoing construction costs escalation, supply chain risks and COVID-19 uncertainties.

29 APRIL 2022 — 51

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Elizabeth Enterprise: adjacent to new Western Sydney airport

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CY23
Size ~415,000sqm
Expected
MAJOR WSIP ROAD PROJECTS construction End value [ 1] ~$1.3bn
EXISTING THE NORTHERN ROADCOMPLETED PROJECT commencement Yield on cost 5-6%
NON-COMPLETE PROJECTS target range
Ownership 100%
Status Zoning achieved, DA
Artist impression, final design may differ. Artist impression, final design may differ.
lodged
Potential FY24+
completion
1. Represents 100% expected end value, subject to various factors outside Mirvac’s control, such as planning outcomes, market demand, ongoing construction costs escalation, supply chain risks and COVID-19 uncertainties. 29 APRIL 2022 — 52
Rouse Hill
SYDNEY METRO NORTHCONNEX
Penrith NORTHWEST
WESTERN SYDNEYEMPLOYMENT MOTORWAYM4 SMART
AREA
WESTCONNEX
ELIZABETH
PLANNED WESTERN DRIVE
SYDNEY AIRPORT
WESTERN SYDNEY
PRIORITY GROWTH AREA
BRINGELLY
ROAD
SOUTH WEST
PRIORITY GROWTH
AREA
THE
NORTHERN
ROAD
Narellan
M7
M2
M4
Parramatta
M4
M7
Sydney
M12 CBD
Liverpool
M5 Sydney
airport
M31
Campbelltown
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1. Represents 100% expected end value, subject to various factors outside Mirvac’s control, such as planning outcomes, market demand, ongoing construction costs escalation, supply chain risks and COVID-19 uncertainties.

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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What are smart buildings?

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National Asset Technology Manager - Technical Services

29 APRIL 2022 — 53

South Eveleigh, Sydney

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Attributes of a Mirvac smart building

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High speed Seamless integrated Cybersecurity/ Intelligent
connectivity real-time data Privacy Infrastructure
> Friction-less > Energy and water > Governance and > Smart touch-less
experiences optimisation management of risk sensors
> Customer > Indoor environment
transparency and quality (IEQ)
timely feedback management
> Strategic > Optimisation of
procurement & customer wellness
insights & experience
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29 APRIL 2022 — 54

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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A platform for innovation

A smart building can integrate any solution from any vendor at any time

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~~CONNECTED INTEGRATED INTUITIVE SCALABLE SECURE~~

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29 APRIL 2022 — 55

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Traditional building services

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INTERNET CONNECTION
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INTERNET CONNECTION
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INTERNET CONNECTION

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INTERNET CONNECTION
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INTERNET CONNECTION

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WORK WORK WORK WORK WORK WORK WORK WORK WORK WORK WORK
STATION STATION STATION STATION STATION STATION STATION STATION STATION STATION STATION
HVAC METERING HYDRAULICS BLINDS CCTV SECURITY SOLAR PV LIGHTING FIRE GENERATOR LIFTS/VT
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29 APRIL 2022 — 56

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Traditional building services

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29 APRIL 2022 — 57

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Smart building platform

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INTEGRATED BUILDING PLATFORM DATA WAREHOUSE
CUSTOMER ACCESS OPERATOR’S WORKSTATION TRIDIUM SERVER DATA STORE MQTT BROKER API-DRIVEN
MQTT
INTEGRATED COMMUNICATIONS NETWORK (ICN)
HVAC METERING HYDRAULICS BLINDS CCTV SECURITY SOLAR PV LIGHTING FIRE GENERATOR LIFTS/VT
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LIGHTING FIRE GENERATOR LIFTS/VT
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29 APRIL 2022 — 58

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Smart building platform

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29 APRIL 2022 — 59

COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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Embedding technology into our portfolio ‑ an evolution

A smart building can respond to the evolving needs of our customers by integrating any solution from any vendor at any time

FOUNDATIONAL

High speed building connectivity In-building mobile coverage (4G/5G) Integrated building platform (IBP) Cybersecurity

CUSTOMER INTERFACE

Tenant portal/smart building software Touchless journey Plug & play Sustainable monitoring

OPTIONAL Visitor management system Mobile app People counting & space utilisation

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Artist impression, final design may differ. Artist impression, final design may differ. Artist impression, final design may differ. Artist impression, final design may differ.
OLDERFLEET 477 COLLINS STREET,
60 MARGARET STREET, SYDNEY SOUTH EVELEIGH, SYDNEY MELBOURNE 80 ANN STREET, BRISBANE LIV MUNRO, MELBOURNE SWITCHYARD AUBURN, SYDNEY RETRO-FIT PORTFOLIO
> Siloed building services > Master Systems Integrator > Customer integration > API-driven > Audio Visual Integration > Mirvac’s first Smart > Integrated
> Partial 4G connectivity > Integrated Comms Network > Virtualised infrastructure > Cloud-ready systems > High speed connectivity Industrial Asset > Connected
> Paper-based systems > Integrated Building Platform > Microsoft Active Directory > Improved Customer Portal into every apartment > High speed connectivity > Secure
> BIM Graphics > Smart workflows > Keyless entry > loT capabilities > Optimised
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Benefits of smart buildings

Uses data to approach to ensure Creates sustainable, optimise Assets – our Assets align safe, secure and reducing overheads to customer future-proofed Assets

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All images are digital images – LIV Munro, Melbourne | South Eveleigh, Sydney | Switchyard, Sydney.

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Q&A panel
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Simon Healy Richard Seddon
Group General Manager, General Manager,
Commercial & Mixed Use Industrial
Development
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Ramesh Narayanan
Angela Buckley
National Asset
General Manager,
Technology Manager
Build to Rent
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COMMERCIAL & MIXED USE PIPELINE & CONSTRUCTION UPDATE

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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.

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 further COVID-19 impacts on market conditions, 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 does it guarantee the repayment of capital from Mirvac or any particular tax treatment.

This Presentation contains certain “forward looking” statements. The words “expected”, “forecast”, “estimates”, “consider” 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 which because of COVID-19, impacts remain unknown and uncertain. 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 31 December 2021, which has been subject to review 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 31 December 2021, unless otherwise noted.

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AUTHORISED FOR RELEASE BY The Mirvac Group Continuous Disclosure Committee

CONTACT

Gavin Peacock, CFA General Manager Investor Relations investor.relations@mirvac.com

Thank you

MIRVAC GROUP

Level 28, 200 George Street, Sydney NSW 2000