MIRVAC GROUP — M&A Activity 2007

Sep 11, 2007

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12 September 2007

MIRVAC ACQUIRES DOMAINE PROPERTY FUNDS LIMITED

Mirvac Group [ASX: MGR] is pleased to announce that it has exercised its right to acquire the remaining 50 per cent stake in the boutique property funds manager Domaine Property Funds Limited (Domaine).

Mirvac Managing Director Mr Greg Paramor said, “We are extremely pleased to bring Domaine into our expanding funds management platform.

“Domaine has a well established distribution network and their expertise in unlisted trusts combined with Mirvac’s proficiency in managing listed and unlisted vehicles provides an even stronger, more diversified property investment to Mirvac’s and Domaine’s securityholders and investors.”

As at 30 June 2007 Mirvac’s Funds Management division had $13.3 billion of internal and external funds management activities under control. Domaine had $750 million in committed assets under management across five unlisted property trusts.

“We will continue to build our portfolio of assets, both through further acquisitions and organic growth opportunities,” said Mr Paramor.

Domaine was founded by Bruce Baudinet and the late Vince Frost in 1999. Mirvac acquired the initial 50 per cent of Domaine in August 2004 with an option to acquire the remaining 50 per cent.

Mr Bruce Baudinet, Domaine Managing Director said, “We have had a very successful joint venture with Mirvac over the last three years, and I am confident that Domaine’s investments will be in safe hands with Mirvac going forward.”

For more information, please contact:

Greg Paramor Managing Director, Mirvac Group 02 9080 8000

Mirvac is a leading ASX-listed, integrated real estate group with more than $26.3 billion of activities under control across the real estate funds management and development spectrum.

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