GOODMAN GROUP — Capital/Financing Update 2005

Jun 7, 2005

Macquarie Goodman

8 June 2005

The Manager Company Notices Section Australian Stock Exchange Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Dear Sir

MACQUARIE GOODMAN GROUP ("MGQ") MACQUARIE GOODMAN CAPITAL TRUST ("MGA")

We refer to the Appendix 3B issued today in relation to the conversion of 182,055 MGA Reset Preference Units ("RePS") into 6,249,746 MGQ stapled securities.

We confirm that 1,034,290 RePS remain on issue following today's conversion.

Please do not hesitate to contact the undersigned if you require further information.

Yours faithfully

Carolyn Scobie Company Secretary

Level 10, 60 Castlereagh Street Sydney NSW 2000 GPO Box 4703 Sydney NSW 2001