GOODMAN GROUP — Share Issue/Capital Change 2005

Nov 7, 2005

Macquarie Goodman

8 November 2005

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

Dear Sir

MACQUARIE GOODMAN GROUP ("MACQUARIE GOODMAN")

We refer to Macquarie Goodman's Appendix 3B released on 3 November 2005 noting the further issue of 11,986,210 stapled securities. By way of clarification, please note that 1,955,957 of those securities have not yet been quoted and are proposed to be issued to Mr Gregory Goodman, subject to securityholder approval being obtained at Macquarie Goodman's annual general meeting to be held on 18 November 2005.

Please do not hesitate to contact the undersigned if you have any queries.

Yours faithfully

Carolyn Scobie Company Secretary

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