GOODMAN GROUP — Major Shareholding Notification 2007

May 14, 2007

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Macquarie Goodman Group (MGQ) ACN/ARSN 091 213 839

1. Details of substantial holder

Name Barclays Global Investors Australia Limited on behalf of the Barclays Group ("BGI") ABN 33 001 804 566 (Barclays Global Investors Australia Limited)

The holder ceased to be a substantial holder on	10 May 2007
The previous notice was given to the company on	10 August 2006
The previous notice was dated	10 August 2006

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interests of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of	Person whose	Nature of	Consideration	Class and number	Person's votes
change	relevant interest 1	change	civen in relation to	of securities	affected
	chanced		Change	affected
10/05/07	$ BG -$ see	Reduction in	Average price	Ordinary	0.24%
	Annexure A	voting power	\$7.20	(305,736)

3. Changes in association

The persons who have becomes associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) N	Association
560

4. Addresses

The addresses of persons named in this form are as follows:

- Barclays Global Investors Australia Limited	l Harrington Street. Sydney NSW 2000. ovot

Signature

Company Secretary Barclays Global Investors Australia 15 May 2007 Date

This is "Annexure A" of 1 page referred to in Form 605 Notice of ceasing to be a substantial holder

Relevant interest in Macquarie Goodman Group ("MGQ") held by members of the Barclays Group.

The list of Barclays entities with relevant interest are as follows:

Barclays Global Investors Japan Trust & Banking Barclays Global Investors Japan Ltd Barclays Global Investors Ltd Barclays Global Investors Ltd Barclays Life Assurance Co Ltd Indexchange Investment AG Barclays Global Investors, N.A. Barclays Global Fund Advisors Barclavs Capital Inc. Barclays Capital Securities Ltd Barclays Global Investors Canada Ltd Barclays Global Investors Australia Ltd

The JP Morgan Chase Bank Inc. and various other custodians (Custodians) hold shares in MGQ for which the members of the Barclays Group are either:

• the responsible entity or trustee of pooled investment products such as registered managed investment schemes (Funds); or
• the investment manager of Portfolios held for a number of institutional investors. The institutional investors are generally superannuation funds regulated under the Superannuation Industry Supervision Act 1993.

The holding of shares in MGQ was acquired as part of the wide portfolio of Australian shares and units acquired for the Funds and the Portfolios.

The members of the Barclays Group and the Custodians may hold relevant interests due to the capacity of these entities to dispose of the shares in MGQ.

Each investor in a Fund owns an undivided interest in the Fund's assets, no client directly owns any asset of the Fund. The unitholding of each Fund varies from time to time as clients enter and withdraw from the Funds. The various institutional investors with portfolios delegate the management of the portfolios to the Barclays Group.

Company Secretary Barclays Global Investors Australia

15 May 2007 Date