Macquarie Group Limited — Capital/Financing Update 2009

Oct 20, 2009

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

21 October 2009

Company Announcements Office Australian Securities Exchange Via ASX Online

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Dear Sir/Madam

Confirmation of issue of Exchangeable Shares re Tristone Acquisition

On 28 May 2009, in Calgary, Macquarie Group Limited ("Macquarie") (ASX:MQG) announced the proposed acquisition of Tristone Capital Global Inc (“Tristone”). On 2 September 2009, Macquarie announced the completion of this acquisition and the integration of the business and employees of Tristone into the Macquarie Group.

Macquarie confirms that completion of the acquisition occurred on 31 August 2009 and that Macquarie Capital Acquisitions (Canada) No.2 Ltd, a subsidiary of Macquarie, has issued a total of 2,189,177 Exchangeable Shares to Tristone shareholders and employees. This comprised 152,472 Exchangeable Shares issued under retention agreements in place with key former Tristone employees (“Retention Securities”) and 2,036,705 Exchangeable Shares issued as consideration for the acquisition of Tristone. A further 364,244 options over Exchangeable Shares were issued under retention agreements in place with key former Tristone employees (“Retention Options”). The aggregate number of Exchangeable Shares (including Retention Securities) and Retention Options issued was based on the ten day volume weighted average price of Macquarie shares prior to 28 May 2009 (C$28.97/A$32.92). Details of the acquisition including the terms and conditions of the Exchangeable Shares and Retention Options are summarised in the 28 May 2009 announcement.

Yours faithfully

Dennis Leong Company Secretary Macquarie Group Limited

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