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MIRVAC LIMITED(MRV)

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merged with Mirvac Property Trust and Capital Property Trust to form Mirvac Group

17/06/1999

we understand Mirvac Group was formed from a merger on 30 June 1999 by way of a scheme of arrangement between Mirvac Limited and its shareholders and by amendment to the constitutions of Mirvac Property Trust and Capital Property Trust resulting in the effective 'stapling' of these securities to each other - the three securities are quoted and traded together as Mirvac Group Stapled Securities on the ASX - 97.67% of the shareholders in Mirvac Limited elected to receive stapled securities in the Mirvac Group, 1.09% elected to receive cash and 1.24% took no action and were therefore included in the bookbuild

17/06/1999

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