Macquarie Group Limited — Director's Dealing 2008

Jun 3, 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 Bank Limited & Macquarie Group Limited ABN 46 008 583 542 & 94 122 169 279

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 H Warne
Date of last notice	28 May 2008

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 the relevant interest.	• Securities held in the name of Fortis Clearing Sydney on behalf of Next Financial Nominees Pty Limited on behalf of P & F Super Pty Limited as trustee for the Warne Family Superannuation Fund, a trust of which Peter Hastings Warne is a joint beneficiary with Frances Jane Warne. These accounts are operated on a discretionary Basis by a third party on behalf of the beneficiaries, who are not involved in the investment decisions.
Date of change	30 May 2008
No. of securities held prior to change	• 2,866 MQG fully paid ordinary shares held in the name of Fortis Clearing Sydney on behalf of Next Financial Nominees Pty Limited on behalf of P & F Super Pty Limited as trustee for the Warne Family Superannuation Fund, a trust of which Peter Warne is a joint beneficiary with Frances Jane Warne; and • 8,211 MQG fully paid ordinary shares held in the name of Fortis Clearing Sydney on behalf of Next Financial Nominees Pty Limited on behalf of Peter Hastings Warne.
Class	MQG fully paid ordinary shares.

G:\CAG\COS_CoSec & IR WorkSite structure\ASX_Market Releases WS\3X_3Y_3Z

TAB\PeterWarne\phw04062008.doc + See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number acquired	MQG fully paid ordinary shares. 2,000
Number disposed	Nil.
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$56.00 per MQG share.
No. of securities held after change	trustee , a ey on behalf • 4,866 MQG fully paid ordinary shares held in the name of Fortis Clearing Sydney on behalf of Next Financial Nominees Pty Limited on behalf of P & F Super Pty Limited as for the Warne Family Superannuation Fund trust of which Peter Warne is a joint beneficiary with Frances Jane Warne; and • 8,211 MQG fully paid ordinary shares held in the name of Fortis Clearing Sydn of Next Financial Nominees Pty Limited on behalf of Peter Hastings Warne.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Securities acquired as a result of put options being exercised upon expiry.

Part 2 – Change of director’s interests in contracts

Detail of contract	cts over MQG fully paid ordinary option contracts over MQG fully paid ordinary s, expiring on 25 September 2008 and exercisable at • Two put option contra shares, expiring on 29 May 2008 and exercisable at $56.00 per share; and • Two call share $64.00.
Nature of interest	Indirect
Name of registered holder (if issued securities)	or the Warne Family Superannuation ry with Contracts sold by Fortis Clearing Sydney on behalf of Next Financial Nominees Pty Limited on behalf of P & F Super Pty Limited as trustee f Fund, a trust of which Peter Warne is a joint beneficia Frances Jane Warne.
Date of change	• 29 May 2008 regarding put options contracts; and • 27 May 2008 regarding call options contracts.
No. and class of securities to which interest related prior to change Note: Details are only r relation to which the int equired for a contract in erest has changed	nd • Two put option contracts over a total of 2,000 MQG shares; a • Two call option contracts over a total of 2,000 MQG shares.
Interest acquired	2,000 MQG fully paid ordinary shares were purchased as a result of the options being exercised upon expiry.
Interest disposed	Sold two call option contracts over a total of 2,000 MQG fully paid ordinary shares.
Value/Consideration Note: If consideration is non- and an estimated valuation cash, provide details	option contracts; • $56.00 per MQG share regarding put and • $6,200regarding calloptioncontracts.
Interest after change	• The put option contracts were exercised upon expiry; and • The call option contracts were sold via on market trade.

4 June 2008

G:\CAG\COS_CoSec & IR WorkSite structure\ASX_Market Releases WS\3X_3Y_3Z TAB\PeterWarne\phw04062008.doc + See chapter 19 for defined terms.

Appendix 3Y Page 2