603 page 1/2 15 July 2001

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme Mirvac Group

ACN/ARSN

1. Details of substantial holder (1)

Name CBRE Clarion Securities LLC

ACN/ARSN (if applicable)

The holder became a substantial holder on

15 03 2016/ /

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities(4)	Number of securities	Person's votes(5)	Voting power(6)
Ordinary	185,405,059	185,405,059	5.01%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

llows:
Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
CBRE Clarion Securities LLC	Relevant interest arising pursuant to section 608(1) of the Corporations Act	Ordinary 185,405,059

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
CBRE Clarion Securities LLC	CBRE Clarion Securities LLC

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Consideration (9)	Consideration (9)
Refer to Annexure A	Cash	Non-cash

603 page 2/2 15 July 2001

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The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:
Name and ACN/ARSN (if applicable) Nature of association
Name Address
print name William E. Zitelli capacity Secretary
sign here date 17 03 2016/ /
DIRECTIONS
If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an
equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to
throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the
See the definition of "associate" in section 9 of the Corporations Act 2001.
See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
The voting shares of a company constitute one class unless divided into separate classes.
The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant
The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out
the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany
this form, together with a written statement certifying this contract, scheme or arrangement; and
any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to
which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).
See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
If the substantial holder is unable to determine the identity of the person ( eg. if the relevant interest arises because of an option) write "unknown".
Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become
entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be
included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom
the relevant interest was acquired.
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6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

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Name and ACN/ARSN (if applicable) Nature of association
7. Addresses
The addresses of persons named in this form are as follows:
Name Address
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Signature

(1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.
(2) See the definition of "associate" in section 9 of the Corporations Act 2001.
(3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
(4) The voting shares of a company constitute one class unless divided into separate classes.
(5) The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.
(6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
(7) Include details of:
(a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
(b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).
See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
(8) If the substantial holder is unable to determine the identity of the person ( eg. if the relevant interest arises because of an option) write "unknown".
(9) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

`ANNEXURE ‘A’`

Change in relevant interests

This is the annexure marked ‘A’ on Page 1 referred to in the Form 603 notice of initial substantial holder signed by me on:
17 / 03 / 2016

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William E. Zitelli
Secretary

`Date of` `Change`	`Person whose relevant` `interest changed`	`Nature of change`	`Consideration` `given in relation` `to change`	`Class and number` `of securities` `affected`	`Person's votes` `affected`
`15/03/2016`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`817,455.44`	`441,206.00`	`441,206.00`
`08/03/2016`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`1,023,258.12`	`552,523.00`	`552,523.00`
`08/03/2016`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-52,842.85`	`-28,483.00`	`-28,483.00`
`07/03/2016`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`1,388,343.18`	`750,427.00`	`750,427.00`
`07/03/2016`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-42,270.04`	`-22,909.00`	`-22,909.00`
`04/03/2016`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`2,290,355.65`	`1,228,685.00`	`1,228,685.00`
`04/03/2016`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-612,066.29`	`-329,256.00`	`-329,256.00`
`02/03/2016`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`1,996.95`	`1,079.00`	`1,079.00`
`01/03/2016`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`685,669.81`	`373,878.00`	`373,878.00`
`29/02/2016`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`2,270,880.97`	`1,236,375.00`	`1,236,375.00`
`26/02/2016`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`992,030.05`	`541,281.00`	`541,281.00`
`26/02/2016`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-2,854,879.90`	`-1,558,539.00`	`-1,558,539.00`
`24/02/2016`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-5,389,227.48`	`-2,925,193.00`	`-2,925,193.00`
`19/02/2016`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`3,462,884.67`	`1,857,900.00`	`1,857,900.00`
`19/02/2016`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-34,173.80`	`-18,336.00`	`-18,336.00`
`17/02/2016`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-519,546.04`	`-281,269.00`	`-281,269.00`
`16/02/2016`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-520,892.08`	`-281,268.00`	`-281,268.00`
`15/02/2016`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-201,723.31`	`-110,973.00`	`-110,973.00`
`08/02/2016`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`864,612.52`	`458,022.00`	`458,022.00`
`05/02/2016`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`1,965,362.61`	`1,038,766.00`	`1,038,766.00`
`04/02/2016`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`2,197,739.62`	`1,160,665.00`	`1,160,665.00`
`03/02/2016`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`3,000,885.83`	`1,593,756.00`	`1,593,756.00`
`02/02/2016`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`7,328.93`	`3,820.00`	`3,820.00`
`29/01/2016`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-187,095.72`	`-99,046.00`	`-99,046.00`
`29/01/2016`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`2,395,025.40`	`1,253,940.00`	`1,253,940.00`
`20/01/2016`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`16,892.18`	`8,928.00`	`8,928.00`
`18/01/2016`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`8,871.73`	`4,846.00`	`4,846.00`
`15/01/2016`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`253,611.51`	`136,371.00`	`136,371.00`
`15/01/2016`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-11,307.02`	`-6,089.00`	`-6,089.00`
`13/01/2016`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-119,351.50`	`-63,517.00`	`-63,517.00`
`12/01/2016`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-88,257.01`	`-46,974.00`	`-46,974.00`
`11/01/2016`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`58,774.93`	`31,196.00`	`31,196.00`
`11/01/2016`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-80,622.32`	`-43,308.00`	`-43,308.00`
`08/01/2016`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`48,912.34`	`25,648.00`	`25,648.00`
`05/01/2016`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`5,273,423.83`	`2,649,773.00`	`2,649,773.00`
`05/01/2016`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-344,820.36`	`-174,083.00`	`-174,083.00`
`04/01/2016`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`6,121,374.62`	`3,084,771.00`	`3,084,771.00`
`04/01/2016`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-157,412.16`	`-79,464.00`	`-79,464.00`
`31/12/2015`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`5,001,405.75`	`2,509,273.00`	`2,509,273.00`
`31/12/2015`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-190,382.18`	`-95,506.00`	`-95,506.00`
`30/12/2015`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-198,333.90`	`-99,500.00`	`-99,500.00`
`29/12/2015`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-1,758,089.88`	`-886,706.00`	`-886,706.00`
`23/12/2015`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-8,096,875.37`	`-4,027,540.00`	`-4,027,540.00`
`22/12/2015`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-365,085.76`	`-181,608.00`	`-181,608.00`
`21/12/2015`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`143,389.16`	`72,084.00`	`72,084.00`
`17/12/2015`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-59,734.26`	`-30,067.00`	`-30,067.00`
`16/12/2015`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`23,442.59`	`11,889.00`	`11,889.00`
`16/12/2015`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-432,759.77`	`-219,330.00`	`-219,330.00`
`15/12/2015`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-305,732.62`	`-160,520.00`	`-160,520.00`
`11/12/2015`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`79.62`	`42.00`	`42.00`
`10/12/2015`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`12,298,613.77`	`6,447,560.00`	`6,447,560.00`
`10/12/2015`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-5,802,432.91`	`-3,048,926.00`	`-3,048,926.00`
`09/12/2015`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`5,570,453.18`	`2,909,963.00`	`2,909,963.00`
`09/12/2015`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-307,515.33`	`-158,693.00`	`-158,693.00`
`08/12/2015`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`16,113,650.93`	`8,419,422.00`	`8,419,422.00`
`07/12/2015`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`109,506.86`	`58,263.00`	`58,263.00`
`07/12/2015`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-223,031.73`	`-118,983.00`	`-118,983.00`
`04/12/2015`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-59,390.45`	`-32,255.00`	`-32,255.00`
`01/12/2015`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-30,909.85`	`-16,286.00`	`-16,286.00`
`27/11/2015`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-905,113.27`	`-479,418.00`	`-479,418.00`
`24/11/2015`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-146,332.21`	`-75,984.00`	`-75,984.00`
`19/11/2015`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-61,246.49`	`-32,718.00`	`-32,718.00`
`18/11/2015`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`2,855,862.19`	`1,551,714.00`	`1,551,714.00`
`16/11/2015`	`CBRE Clarion Securities LLC`	`Buy of Units on ASX`	`127,701.69`	`72,029.00`	`72,029.00`
`16/11/2015`	`CBRE Clarion Securities LLC`	`Sale of Units on ASX`	`-434,974.49`	`-244,145.00`	`-244,145.00`

24,509,203.0024,509,203.00

AI assistant

MIRVAC GROUP Major Shareholding Notification 2016

65328_rns_2016-03-17_b9dd6d1f-5f69-4eff-8b50-0f91a3465a1c.pdf

Form 603

Notice of initial substantial holder

1. Details of substantial holder (1)

2. Details of voting power

3. Details of relevant interests

4. Details of present registered holders

5. Consideration

6. Associates

Signature

`ANNEXURE ‘A’`

AI assistant

MIRVAC GROUP — Major Shareholding Notification 2016

65328_rns_2016-03-17_b9dd6d1f-5f69-4eff-8b50-0f91a3465a1c.pdf

Form 603

Notice of initial substantial holder

1. Details of substantial holder (1)

2. Details of voting power

3. Details of relevant interests

4. Details of present registered holders

5. Consideration

6. Associates

Signature

ANNEXURE ‘A’

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