Macquarie Group Limited — Director's Dealing 2008

Dec 22, 2008

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of 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 & Macquarie Bank Limited ABN 94 122 169 279 & 46 008 583 542

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Peter M Kirby
Date of last notice	9 December 2008 but 10 September 2008 re MacquarieAirports (“MAP”) stapled securities.

Part 1 - Change of director’s relevant interests in securities

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

Direct or indirect interest	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	Bayete Pty Limited is the trustee of the KirbySuperannuation Fund, of which Peter Kirby is abeneficiary.
Date of change	17 December 2008
No. of securities held prior to change	38,500
Class	MAP stapled securities.
Number acquired	22,900 MAP stapled securities
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$2.18 per MAP stapled security
No. of securities held after change	61,400 MAP stapled securities.

cag_cosec_syd_prd/99812_1

• See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestmentplan, participation in buy-back	Stapled securities acquired via on market trade.

Part 2 – Change of director’s interests in contracts

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

23 December 2008

• See chapter 19 for defined terms.

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Appendix 3Y Page 2