Macquarie Group Limited — Director's Dealing 2007

Nov 26, 2007

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public. Introduced 30/9/2001.

Name of entity Macquarie Group Limited ABN 94 122 169 279

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Peter H Warne
Date of appointment	5 November 2007

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

G:\CAG\COS\DLeong\BRD\ASX notices\MGL 3X Notices\App3x phw27112007.doc

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of Number & class of Securities interest Note: Provide details of the circumstances giving rise to the relevant interest. • Securities held in the name of • 8,211 Macquarie Group Limited (“MQG”) fully paid ordinary shares; Fortis Clearing Sydney on behalf of Next Financial • 155,983 Macquarie Capital Alliance Group Nominees Pty Limited on (“MCAG”) stapled securities; behalf of Peter H Warne; and • 217,094 Macquarie Infrastructure Group (“MIG”) stapled securities; • 70,418 Macquarie CountryWide Trust (“MCW”) units; • 95,114 Macquarie Office Trust (“MOF”) units; • 941 Macquarie Airports Reset Exchange Securities Trust (“MAZPA”) units; • Securities held in the name of • 866 MQG fully paid ordinary shares; Fortis Clearing Sydney on • 3,175 MAP stapled securities; behalf of Next Financial • 1,790 MIG stapled securities; Nominees Pty Limited on • 11,443 MOF units; and behalf of P & F Super Pty • 392 MAZPA units. Limited as trustee for the Warne Family Superannuation Fund, a trust of which Peter Warne is a joint beneficiary with Frances Jane Warne.

Part 3 – Director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) No. and class of securities to which interest relates

27 November 2007

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002