Macquarie Group Limited — Capital/Financing Update 2007

Dec 12, 2007

Macquarie Group Limited ABN 94 122 169 279

No.1 Martin Place Sydney NSW 2000 GPO Box 4294 Sydney NSW 1164

Telephone (61 2) 8232 3333 Facsimile (61 2) 8232 7780 Telex 122246 Internet http://www.macquarie.com.au DX 10287 SSE SWIFT MACQAU2S

Treasury 8232 3600 Facsimile 8232 4227 Foreign Exchange 8232 3666 Facsimile 8232 3019 Metals and Mining 8232 3444 Facsimile 8232 3590 Futures 9231 1028 Telex 72263 Debt Markets 8232 8569 Facsimile 8232 8341 Agricultural Commodities 8232 7672 Facsimile 8232 3633

ASX/Media Release

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CONSORTIUM TO ACQUIRE HOBART INTERNATIONAL AIRPORT

SYDNEY, 13 December 2007 – Macquarie Group Limited (“Macquarie”) notes the attached release in relation to the acquisition of Hobart International Airport Pty Limited by Tasmanian Gateway Consortium (the “Consortium”).

Macquarie has taken a 20% equity investment in the Consortium. Macquarie notes the impact on Macquarie Group’s capital position is not expected to be material.

Contacts :

Stephen Yan, Macquarie Group Corporate Communications +612 8232 2788 Richard Nelson, Macquarie Group Investor Relations +612 8232 5008

Media Release

TASMANIAN GATEWAY CONSORTIUM TO ACQUIRE HOBART INTERNATIONAL AIRPORT

SYDNEY, 13 December 2007 – Tasmanian Gateway Consortium (“TGC”) today announced that it has signed an agreement with Tasmanian Ports Corporation Pty Limited to acquire 100% of Hobart International Airport Pty Limited (“Hobart Airport”) for $350.5 million.

Hobart Airport is Tasmania’s principal airport and serves the State’s most populous city. The airport has well established infrastructure links providing convenient access to the City of Hobart.

TGC’s vision is to grow and develop Hobart Airport’s principal airport status, maintaining a safe and secure airport environment.

TGC will operate Hobart Airport in a manner that delivers value and quality service to customers.

It will explore a range of potential new initiatives that have been identified to meet passenger and airline needs, including airline marketing, retail expansion in the newly redeveloped terminal, further terminal expansions in future, and increased car parking options.

TGC comprises Macquarie Global Infrastructure Fund III (“GIF III”), Macquarie Capital Group Limited and Retirement Benefits Fund Board (“RBF”). GIF III is a diversified infrastructure fund investing in infrastructure and infrastructure-like assets. Macquarie Capital Group is a wholly owned subsidiary of Macquarie Group Limited. RBF is Tasmania’s largest public sector superannuation fund with approximately $3.5 billion in funds under management.

TGC looks forward to managing the airport for the benefit of passengers, airlines and other airport stakeholders.

Contacts :

Ross Thornton FD Third Person 0418 233 062