Macquarie Group Limited — Capital/Financing Update 2020

May 10, 2020

Macquarie Bank Limited

ABN 46 008 583 542

50 Martin Place Sydney NSW 2000 GPO Box 4294 Sydney NSW 1164 AUSTRALIA

Telephone (61 2) 8232 3333 Facsimile (61 2) 8232 7780 Internet www.macquarie.com.au

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11 May 2020

The Manager

ASX Market Announcements office Australian Securities Exchange 20 Bridge Street Sydney NSW 2000

Via ASX Online

Dear Sir or Madam

Macquarie Bank Limited (MBL) Appendix 3B and Macquarie Bank Capital Notes 2 Deed Poll

• The following documents lodged by MBL earlier today are noted by Macquarie Group Limited (MQG) as should the BCN2 be converted in the future, they will convert into MQG ordinary shares:

• an Appendix 3B, available at www.asx.com.au/asxpdf/20200511/pdf/44hqpwvp6bk7hm.pdf

• the Deed Poll for the Macquarie Bank Capital Notes 2 (BCN2), available at www.asx.com.au/asxpdf/20200511/pdf/44hqfzgty55z9t.pdf

Should conversion into MQG ordinary shares occur, the quotation of those securities will be notified in a separate announcement to ASX by MQG.

Yours faithfully

Dennis Leong

Company Secretary

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