Macquarie Group Limited — Capital/Financing Update 2007

Oct 29, 2007

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COMMENCEMENT OF OFFICIAL QUOTATION – MACQUARIE GROUP LIMITED

Date: 30 October 2007

Key topics

1. Macquarie Group Limited

2. ASX Code: MQG

3. Quotation Commences: Group 3 Opening Phase at approximately 10:04:30 am E.D.T. on Monday, 5 November 2007 on a deferred settlement basis.

On 14 September 2007 Macquarie Bank Limited (“MBL”), an ASX Limited (“ASX”) listed entity announced that it proposed to establish a non-operating holding company, Macquarie Group Limited (the “Company”) which would become the ultimate parent company of the Macquarie Group (the “Restructure”).

The Restructure is to be effected by schemes of arrangement which was approved by MBL’s shareholders and option holders on 25 October 2007.

Under the Restructure, MBL shareholders and option holders will receive the same number of Company shares and options in exchange for their current MBL shares and options.

MBL will have its admission category changed from an ASX Equity Listing to an ASX Debt Listing.

Reading List

Banks Client Advisers Compliance Managers Corporate Advisory DTR Operators Issuers Institutions ASTC Participants Operations Managers (back office) Share Registries ACH Participants Market Participants

Contact

Kim-Ly Nguyen

MBL’s existing hybrid securities, the Macquarie Income Securities (ASX code: MBLHA) will continue to be quoted on ASX.

The Company is expected to be admitted to the official list of the ASX Limited on Monday, 5 November 2007.

It is proposed that official quotation of the Company’s securities will commence on a deferred settlement basis on Monday, 5 November 2007.

The anticipated timetable is as follows:

25 October 2007 Share and Option scheme meetings

• 29 October 2007 Second Court hearing

Last day MBL shares trade on ASX MBL shares will be suspended from the close of trading.

• 2 November 2007

Telephone

(02) 9227 0629

ASX Limited ABN 98 008 624 691 Exchange Centre 20 Bridge Street Sydney NSW 2000 PO Box H224 Australia Square NSW 1215 Internet: http://www.asx.com.au

Company shares commence trading on a deferred settlement basis in the Group 3 Opening Phase at approximately 10:04:30am E.D.T (ASX code: MQG).

• 5 November 2007

• 12 November 2007 Scheme record date

• 13 November 2007 Scheme implementation date

Despatch of holding statements for Company shares and last day of deferred settlement trading for Company shares.

• 19 November 2007

• 20 November 2007 Company shares commence trading on a normal T+3 basis.

No responsibility is accepted for any inaccuracies contained in the matter published.

• 23 November 2007 Settlement of all deferred settlement trades of Company shares.

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Further details are provided as follows:

Quoted Securities: 271,086,657 ordinary shares fully paid ASX Code: MQG Time: Group 3 Opening Phase at approximately 10:04:30 am EDT Date: Monday, 5 November 2007 ITS Abbreviation: MACQ GROUP ISIN: AU000000MQG1 Home Branch: Sydney Industry Classification: To be advised Registered Office: Level 7, 1 Martin Place Sydney NSW 2000 Phone: (02) 8232 3273 Fax: (02) 8232 4330 Web address: www.macquarie.com Corporate Office: See above. Company Secretary: Dennis Leong Share Registry: Computershare Investor Services Pty Limited Level 2, 60 Carrington Street Sydney NSW 200 Phone: (02) 8234 5400 Fax: (02) 8234 5450 Toll Free Numbers for Shareholder Within Australia: 1300 554 096 Enquiries New Zealand: 0800 442 099 United States of America: 866 499 0754 United Kingdom: 0800 694 0471 Other countries: +61 3 9415 4618 Balance Date: 31 March CHESS: Participating. The Company will also operate an issuer sponsored subregister. Place of Registration: Victoria Distribution Policy: Please see page 11 of the Company’s explanatory memorandum dated 13 September 2007. Activities: Global provider of diversified financial services ASX Restricted Securities: None

For further information please refer to the Company’s explanatory memorandum dated 13 September 2007.

MQG2007.10.30CAPbc-kln.doc

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