MIRVAC GROUP — AGM Information 2002

Nov 6, 2002

Mirvac Group Annual & General Meetings

Thursday, 7 November 2002

e de la composición de la construction de la construction de la construction de la construction de la construc

Mr Adrian Lane

randa

Net Profit After Tax

$$100m$

1998 proforma

1999 proforma

a kasasa na manang mga mga mga mga mga mga mga mga mga mg

Total Distribution

$$75m$

1998 proforma

1909 proforma $2000$

2001

2002

Performance

ting
Ka

Outperformed benchmarks Total Returns For the Period Ending 30 June 2002

MIRVAC GROUP

Gre envo Year Years*

19.4% 1746%

14.9% S&P/ASX 200 Property Index

All Ordinaries Index

24 394

2%

14.4%

*annualised source: UBS Warburg

Operational Overview Robert Hamilton

j,

S

Divisional Operating Net Profit After Tax

Divisional Profits Analysis

.Œ,

Investment

60%

6% 100 100 100 100 100 100 100 100 100 10

the contract of the contract of the contract of the contract of the contract of the contract of the contract of Album magnetik menganak pada pada pada pada pada pada pada pa

Development

34%

• Investment Portfolio : \$1.69 billion up from \$1.45 billion 18.2% growth
• Commercial portfolio 98.7% occupied
• Retail portfolio 99.3% occupied
• Total portfolio average lease term to expiry greater than 4 years

Investment Division - Segmental Analysis (by Value)

Sector Diversification

Geographic Diversification

Improving demand for office space

Concentrating on commercial tenant retention

Tight supply of Sydney development sites

Retail demand is strong

Investment Division - Portfolio Value Add

Investment Division - Portfolio Development

Investment Division - Portfolio Development

Investment Division - Portfolio Development

. . . . . . . . . . . . . . . . . . .

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Investment Division - Future Opportunities

Investment Division - Future Opportunities

Development Division

2002 Earnings Before Interest & Tax

J.

Major Projects Under Development

New South Wales

63

Development Division Housing Developments

1

$\overline{2}$

3

4

5

6

7

8

9

10

11

$12$

• enti politika
  Sella
• Sanctuary Gardens Newbury at Stanhope Gdns.* Madison Gardens. Carlingford Castleton, Kellyville Elizabeth Macarthur Park The Parkway Barrington Rise Northside Grove Spring Farm Belrose Eden Vale, St Ives. Bateau Bay

Douglas Rd, Blacktown 13

* Joint Venture

Newbury*

Major Projects Under Development - Victoria

IS.

Designation

Major Projects Under Development - Victoria

The Heath Kingston

SA 20

Major Projects Under Development - Victoria

Western Australia

S.

t.
Oraș

Major Projects Under Development - WA

* Joint Venture

Marchandi Hermann Star (

Major Projects Under Development - WA

Joint Venture

SI SAN
SAN

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Major Projects Under Development - WA

* Joint Venture

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Queensland

S.

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Major Projects Under Development - Queensland

S.

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Major Projects Under Development - Queensland

Cutters Landing, Brisbane

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Major Projects Under Development - Queensland

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Current Exchanges as at June 2002

2004

PAIOPA

\$1,011m

\$826m

No Profits Yet Brought to Account

Hotels Division

Sebel Pier One, Sydney

Hotels Division - Operational Overview

Rooms Under Management

Eamngs Before Tax

New Hotels Under Management

S.

Mirvac Group - Key Strategies

Use our extensive management skills and expertise available within the Group to: • Continue to develop quality investment Constantinopedia

. Develop selected prime sites and large scale integrated communities

. Maximise Investment and Hotel performance

-73

Mnyac Group - 2003 Forecast

Forecast for 2003

Operating Net Profit after Tax \$131.1nl

Distribution 27,5c per security

Mr Adrian Lane

Resolution 1

h roll vinale respective resources and complete the construction of the state of the second state.

Valid Proxies received and entitled to vote: 319,623,031*

For #: $319,438,637 > 99\%$ Against: 184,394

Andicho and Attilities and Martin

Threforesover 2006 sales website

enser
Mille Hallfy

Resolution 2

A se a virtual provincia de la construcción de la construcción de la construcción de la construcción de la co

Valid Proxies received and entitled to vote: 320,309,205*

Against: 2,433,324

Minsing The Market Mills & Marketin

Globolno zastarovo stariteto v Critiknich

For #: $317,875,881 > 99\%$

ana
Maritim Ma

Resolution 3

e de la Visa di Salamania della Caraccia della constituzione della Parizione della

• Valid Proxies received and entitled to vote: 280, 159, 197*
• For #: $277,726,635 > 99\%$ Against: 2,432,562

• The parties of the second contract of the second contract of the second contract of the second contract of the second second contract of the second contract of the second contract of the second contract of the second cont

• TANGRESS SERVICES IN A CREATE

S.

Resolution 4

Britannia (Britannia Churcheanachta ann an Chuidheann) ann an Chuidheach Mille
Gertin Mille
Gertin Wille

Valid Proxies received and entitled to vote: 319,615,426*

For #: $317,162,891 > 99\%$

Against: 2,452,535

Indicinia eroti Shidhay Grimaan Shidha areamoniya katalika Bara

Resolution 6

97 svilletje
U^rgi Hills 6310/a naximi no filipini katika sa nika sh Markovska rankonska sloveni kota i Vinveta Rusia i i La ciada de la ciada de la ciada de la ciada de la ciada de la ciada de la ciada de la ciada de la ciada de la Explanatory Statemar accempativing the Notice chivicating equivalence in Karatan da Maro da Kara

Valid Proxies received and entitled to vote: 298,501,215*

For #: $281,540,276 > 94\%$ Against: 16,960,939

e i stoli stranovanja se predstava v stoli stoli stoli stoli stoli stoli stoli stoli stoli stoli stoli stoli s

Resolution 6

• Santa Barat
  1980
• and the same and the same of a state of the same of the same of the same of the same of the same of the same of the same of the same of the same of the same of the same of the same of the same of the same of the same of th a
  Martin
  Contraction ES 10/2 maximus of 10/10/93 aprova Sea Missiov
• Wichy Hrytel Bxeelive Dicole of Virgelinical headdaches WHE HE LORED HILL TO OPHACLOGIST CHORNEY MARK DIRACTO Stenen en akkan ving i re Nonkeart Nebing konvenne in sin senten
  • Valid Proxies received and entitled to vote: 298,479,374*
  • For #: $281,512,367 > 94\%$ Against: 16,967,007
• a powers dependence of the component of the component of the component of the component of the component of th
  A 1 x 2 x 2 x 3 x 3 x 1 x 3 x 3 x 3 x 3 x 3 x 3 x 3
• A THE RELEASED FOR A CHARGE TO A RELEASE THE RELEASED

nga
Ma'iliyo

Resolution 7

That he painted in the move hopes to some a GSIO 21 NOVIMBER OF SOCIOLOGICAL SOCIALISTIC

Millionns d'Broil, Exercive Dreagor of Minzellini edit n'eterre la c Which choose of he states and called the designation of the state of the state of the state of the state of th Statement accompanying the Notice of Maching convening this meeting E MARKATERING KENYA YANG KENYA KALENDARAN DI SEBAGAI DI SEBAGAI DI SEBAGAI DI SEBAGAI DI SEBAGAI DI SEBAGAI DI
SEBAGAI DI SEBAGAI DI SEBAGAI DI SEBAGAI DI SEBAGAI DI SEBAGAI DI SEBAGAI DI SEBAGAI DI SEBAGAI DI SEBAGAI DI

Valid Proxies received and entitled to vote: 298,473,659*

For #: $281,513,505 > 94\%$ Against 16,960,154

Elindiniyasına mozitti ilişin qaribin e

SI.

Q,

Resolution 8

Liberal September (1999), september 1999, september 1999, september 1999, september 1999, september 1999, s ka Mi 2810 2 Representative MDS120 Resources by

Militoger Afforda e Excoduvel Dicolor of Minzega Indused to accepte ance With the texts of the School needs calls as sent the installer side $\sim$ Stafanaaraskannearing helytete of Meeting Konvening his matrixe ,, , ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

Valid Proxies received and entitled to vote: 298,471,019*

$\Box$ or $#$ $281,509,526 > 94\%$ Against: 16,961,493

Sin da ba ba ba ba ba ba ba ba ba ba ba ba ba

Maria Maria Maria Maria Maria Maria Maria Maria Maria Maria Maria Maria Maria Maria Maria Maria Maria Maria M

S.

Resolution

Aya Sabar Sarawa Makai ya Mareji wa Mareji wa Mareji

Valid Proxies received and entitled to vote: 264,590,551*

For #: $264,156,005 > 99\%$

Against: 434,546

A 149 BAC 149 BACK AND AND A LARGE THE TRANSPORTED TO A LARGE

Eindmine odaraztes nab by chairach

Fhankyou for your Attendance