GOODMAN GROUP — Director's Dealing 2005

May 3, 2005

Appendix 3Y

Rule 3.19A.2

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity Macquarie Goodman Group

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Gregory Leith Goodman
Date of last notice	21 February 2005

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Indirect interest	Direct - Gregory Goodman 7,880,817
	Indirect - Goodman Holdings Pty Limited 100,500,347
	Indirect - Craig Goodman 852,196
Nature of indirect interest	Gregory Goodman is a director and ultimate beneficiary of
(including registered holder)	Goodman Holdings Pty Limited. Goodman Holdings Pty
Note: Provide details of the circumstances giving	Limited and its wholly owned subsidiaries hold the relevant
rise to the relevant interest.	interest in Macquarie Goodman Group. Craig Goodman is
	Gregory Goodman's brother
Date of change	3 May 2005
No. of securities held prior to change	$97,829,263$ - stapled securities
Class	Ordinary
Number acquired	10,557,990 - Goodman Holdings Pty Limited
	761,768 - Gregory Goodman
	84,339 - Craig Goodman
Number disposed	Nil
Value/Consideration	\$38,562,751
Note: If consideration is non-cash, provide
details and estimated valuation
No. of securities held after change	109,233,360 stapled securities

M/830800

⁺ See chapter 19 for defined terms.

Nature of change Example: on-market trade, off-market trade, Issue of Securities under Dividend Reinvestment Plan exercise of options, issue of securities under $1.621.170$
dividend reinvestment plan, participation in buy- back			Participation in the one for 10 Entitlement Offer 9,782,927

Part 2 - Change of director's interests in contracts

Detail of contract	Not Applicable
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

$+$ See chapter 19 for defined terms.

Appendix 3Y

Rule 3.19A.2

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity Macquarie Goodman Group

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Patrick Ledger Goodman
Date of last notice	21 February 2005

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Indirect interest	Direct - Gregory Goodman 7,880,817
	Indirect - Goodman Holdings Pty Limited 100,500,347
	Indirect - Craig Goodman 852,196
Nature of indirect interest	Patrick Goodman is a director and ultimate beneficiary of
(including registered holder)	Goodman Holdings Pty Limited. Goodman Holdings Pty
Note: Provide details of the circumstances giving	Limited and its wholly owned subsidiaries hold the relevant
rise to the relevant interest.	interest in Macquarie Goodman Group. Gregory and Craig
	Goodman are Patrick Goodman's brothers.
Date of change	3 May 2005
No. of securities held prior to change	$97,829,263$ – stapled securities
Class	Ordinary
Number acquired	10,557,990 - Goodman Holdings Pty Limited
	761,768 - Gregory Goodman
	84,339 - Craig Goodman
Number disposed	Nil
Value/Consideration	\$38,562,751
Note: If consideration is non-cash, provide
details and estimated valuation
No. of securities held after change	109,233,360 stapled securities

M/830800

⁺ See chapter 19 for defined terms.

Nature of change Example: on-market trade, off-market trade, Issue of Securities under Dividend Reinvestment Plan exercise of options, issue of securities under $1.621.170$
dividend reinvestment plan, participation in buy- back			Participation in the one for 10 Entitlement Offer 9,782,927

Part 2 - Change of director's interests in contracts

Detail of contract	Not Applicable
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

$+$ See chapter 19 for defined terms.