GOODMAN GROUP — Share Issue/Capital Change 2007

May 13, 2007

Macquarie Goodman

14 May 2007

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

Dear Sir

MACQUARIE GOODMAN GROUP - CONFIRMATION OF RELEASE OF SECURITIES FROM ESCROW

On 1 June 2006, MGQ issued 33,483,220 fully paid ordinary Securities to the vendors of Eurinpro International SA as part consideration for the acquisition of the business. Of those Securities, 29,465,234 were placed under voluntary escrow for 12 months subject to complying with non-compete and non-solicitation undertakings. Those Securities will be duly released from voluntary escrow on 1 June 2007.

A further 4,017,986 Securities will remain subject to voluntary escrow until the second anniversary of the acquisition and will be released on 1 June 2008.

Please contact the undersigned in relation to any queries.

Yours faithfully

Carl Bicego Company Secretary

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