Macquarie Group Limited — Capital/Financing Update 2008

Sep 25, 2008

Macquarie Group Limited ABN 94 122 169 279

No.1 Martin Place Telephone (61 2) 8232 3333 Sydney NSW 2000 Facsimile (61 2) 8232 7780 GPO Box 4294 Internet http://www.macquarie.com.au Sydney NSW 1164 AUSTRALIA

ASX/Media Release

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Macquarie to sell investment lending business

SYDNEY, 26 September 2008 – Macquarie Bank Limited today announced it intends to sell its Investment Lending business in Australia.

The potential sale of the business follows on from Macquarie’s decision in March 2008 to wind back its mortgage business and reflects the increased cost of funding associated with changed financial market conditions over the past year.

While the investment lending business is an Australian market leader and has been a profitable business, it contributes less than one percent of Macquarie Group profits.

The sale of the business will not be financially material to Macquarie Group and will enable the Group to further focus on continuing to grow Macquarie’s most profitable businesses.

Macquarie is discussing with potential buyers an ongoing strategic partnership which will allow Macquarie to continue to provide investment loan products to its clients.

Contacts:

Paula Hannaford, Macquarie Group, Corporate Communications +612 8232 4102 Richard Nelson, Macquarie Group, Investor Relations +612 8232 5008