Macquarie Group Limited — Capital/Financing Update 2021

Mar 1, 2021

Macquarie Group Limited

ABN 94 122 169 279

50 Martin Place Telephone (61 2) 8232 3333 Sydney NSW 2000 Facsimile (61 2) 8232 3019 GPO Box 4294 Internet http://www.macquarie.com Sydney NSW 1164 AUSTRALIA

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ASX/Media Release

MACQUARIE GROUP LIMITED – REDEMPTION OF MACQUARIE GROUP CAPITAL NOTES 2

Sydney, 2 March 2021 – Macquarie Group Limited (ASX: MQG; ADR: MQBKY) (“ MGL ”) today announces to Holders of Macquarie Group Capital Notes 2 (ASX: MQGPB) (“ MCN2 ”) that MGL will Redeem all outstanding MCN2 on the first Scheduled Optional Exchange Date (17 March 2021) in accordance with the attached Redemption Notice.

Yours faithfully,

Dennis Leong Company Secretary

Macquarie Group Limited

MACQUARIE GROUP LIMITED – MACQUARIE GROUP CAPITAL NOTES 2 REDEMPTION NOTICE

Macquarie Group Limited (“ MGL ”) gives notice under clause 7.1 of the terms of issue of the Macquarie Group Capital Notes 2 issued on 18 December 2015 (“ MCN2 ”) that all outstanding MCN2 will be Redeemed on the first Scheduled Optional Exchange Date (17 March 2021).

The Redemption Price is $100 per MCN2.

A Distribution is also scheduled to be paid on 17 March 2021, subject to the distribution payment conditions in the Terms. If those conditions are satisfied, Holders will receive a Distribution of $2.2354 per MCN2 in cash on 17 March 2021 in respect of the period from (and including) 17 September 2020 to (but excluding) 17 March 2021.

The last date for trading of MCN2 is expected to be 5 March 2021, and the Redemption Price will be paid in accordance with clause 11 of the Terms to those appearing as Holders in the Register on 9 March 2021. Eligible MCN2 Holders who have applied to participate in the Reinvestment Offer as described in the prospectus issued by MGL in relation to the Macquarie Group Capital Notes 5 dated 23 February 2021 (the “ Prospectus ”) will have the Redemption Price in respect of their MCN2 applied as the Application Payment for the MCN5 for which they have applied to the extent their applications are accepted.

Holders do not need to do anything in response to this notice.

If you are not sure about what to do in respect of your MCN2, MGL recommends that you seek professional guidance from a licensed adviser, which takes into account your particular investment objectives and circumstances.

Definitions

Unless otherwise defined, capitalised words used in this announcement have the meanings given to them in the Terms or, where relevant, the Prospectus.

Contacts

Sam Dobson

Macquarie Group Investor Relations +61 2 8232 9986

Lisa Jamieson

Macquarie Group Media Relations +61 2 8232 6016