Macquarie Group Limited — Director's Dealing 2007

Nov 6, 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	Laurence G Cox AO
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

• 89,598 Macquarie Bank Limited fully paid ordinary shares – of which 35,398 shares are held via the NEDSAP.

As a result of the restructure of Macquarie Bank Limited, to be effective on 13 November 2007, each Macquarie Bank Limited fully paid ordinary share and each option over unissued Macquarie Bank Limited fully paid ordinary shares will convert to be fully paid ordinary shares and options over unissued fully paid ordinary shares (on a one for one basis) in Macquarie Group Limited (“MQG”).

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• See chapter 19 for defined terms.

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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 interest Note: Provide details of the circumstances giving rise to the relevant interest. • Securities held by MF Custodians Limited as nominee for LGC Superannuation Pty Limited as trustee for the LGC Superannuation Fund of which Laurence Cox is a beneficiary; • Securities held by MF Custodians Limited as nominee for Laurence Cox; • Securities held by MF Custodians Limited as custodian for Tidescan Pty Limited, a company in which Laurence Cox has a relevant interest. • Securities held by Bond Street Custodians on trust for Laurence Cox.

Number & class of Securities • 146,692 Macquarie Bank Limited fully paid ordinary shares; and • 189,236 Macquarie Airport stapled securities. • 33,522 Macquarie Bank Limited fully paid ordinary shares. • 605,800 High Yield Infrastructure Debt Trust units. • 8,400 Macquarie Bank Limited unlisted options – options over unissued fully paid ordinary shares exercisable at $32.75 per option expiring on 9 August 2009; • 5,620 Macquarie Bank Limited unlisted options – options over unissued fully paid ordinary shares exercisable at $63.34 per option expiring on 1 August 2010; • 9,245 Macquarie Bank Limited unlisted options – options over unissued fully paid ordinary shares exercisable at $61.79 per option expiring on 1 August 2011; and • 9,000 Macquarie Bank Limited unlisted options – options over unissued fully paid ordinary shares exercisable at $71.41 per option expiring on 15 August 2012.

Part 3 – Director’s interests in contracts

• See chapter 19 for defined terms.

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Appendix 3X Initial Director’s Interest Notice

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

7 November 2007

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• See chapter 19 for defined terms.

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