We refer to the capital reallocation proposal approved by Mirvac Group’s (“Mirvac”) securityholders at the
2013 Annual General and General Meetings held on 14 November 2013 (“Capital Reallocation Proposal”).
The implementation of a reallocation of capital from Mirvac Property Trust (“MPT”) to Mirvac Limited of
up to 8.186 cents per MPT unit which equates to approximately $300 million (“Capital Reallocation”) was
announced to the Australian Securities Exchange (“ASX”) on 5 December 2013 and as per the timetable
implemented on 18 December 2013.
The Capital Reallocation Proposal is described in more detail in Mirvac’s 2013 Notice of Meetings which
was released to the ASX on 11 October 2013 and is available from the Investor Relations section of Mirvac’s
website at www.mirvac.com.
Mirvac implemented the Capital Reallocation on 18 December 2013, with MPT making a capital distribution
of approximately $300 million (equivalent to 8.186 cents per MPT unit). The capital distribution was
compulsorily applied to existing shares in Mirvac Limited (“ML”).
It is important to note that:
– You did not receive any cash as part of the Capital Reallocation;
– You will continue to hold the same number of Mirvac securities; and
– The implementation of the Capital Reallocation did not result in a change in the Net Tangible
Asset (“NTA”) per Mirvac security.
The taxation impact of the Capital Reallocation Proposal was set out in the 2013 Notice of Meetings.
Further information regarding the taxation impact will also be included in the 2014 Annual Taxation
Statement which is expected to be distributed to Mirvac securityholders in late August 2014.
The final binding ATO class ruling will be made available from the Investor Relations section of Mirvac’s
website at www.mirvac.com, when it is received.
Please note that Mirvac cannot offer taxation advice. Should you have any further questions about
how the implementation of the Capital Reallocation will affect your tax position, we recommend you seek
financial and/or taxation advice.
If you have any questions on the matters discussed in this letter, please contact Mirvac’s Investor
information line on +61 1800 356 444 (within or outside Australia).
Further to our notice on 5 December 2013, we would like to remind you that the Mirvac Group Distribution Reinvestment Plan (“DRP” or the “Plan”) is available for the December 2013 half year period.
The DRP allows Securityholders to have some or all of their distributions automatically reinvested in additional Mirvac stapled securities at a discount to the market price, without brokerage or other transaction costs.
As we announced to the market on 5 December 2013, the distribution for the six months ending 31 December 2013 is 4.4 cents per Mirvac stapled security and the DRP discount applicable for the December 2013 distribution will be 1.0 per cent. The DRP price once determined will be announced to the Australian Securities Exchange in mid to late January 2014.
If you have a registered address in Australia or New Zealand and you would like to participate in the DRP for the December 2013 half year period, your election to participate must be received by Mirvac Group’s security registry, Link Market Services, no later than 5.00pm (Australian Eastern Daylight Time) on 31 December 2013.
If you would like to participate in the DRP it is necessary to make your election in either of the following ways:
– Going online to www.linkmarketservices.com.au and making your election online; or
– By completing the DRP Election Form that was enclosed in our mailing on 5 December 2013 and returning it to Link Market Services by no later than 5.00pm on 31 December 2013.
The DRP is optional. If you do not wish to participate in the DRP you do not need to do anything and you will continue to receive your distributions as you have nominated.
It is important that you read the DRP booklet and the Plan rules carefully before deciding whether to participate in the Plan.
The DRP booklet is available from the Group’s website at www.mirvac.com or alternatively, if you require a DRP pack (DRP Booklet and Election Form) to be re-sent, please contact Mirvac’s information line on 1800 356 444.
We welcome your participation in the DRP and thank you for your continued support.