Macquarie Group Limited — Director's Dealing 2009

Jun 21, 2009

Macquarie Group Limited ABN 94 122 169 279

No.1 Martin Place Telephone (61 2) 8232 3333 Sydney NSW 2000 Facsimile (61 2) 8232 7780 GPO Box 4294 Internet http://www.macquarie.com.au Sydney NSW 1164 AUSTRALIA

22 June 2009

Kim-Ly Nguyen Principal Adviser, Issuers (Sydney) Australian Securities Exchange

Dear Kim-Ly

Macquarie Group Limited (Macquarie) - Appendix 3Y

Please find attached an Appendix 3Y for Dr John Niland pursuant to ASX listing rule 3.19A. We note the following:

• The Appendix 3Y has not been lodged within the requisite timeframe due to an administrative oversight. This occurred notwithstanding the director’s advice to Macquarie within the relevant timeframe that his relevant interest had changed.

• Macquarie has a range of processes in place to ensure compliance with listing rule 3.19A, including monitoring by our registry, Computershare, and liaison with directors.

• Macquarie considers that the arrangements it currently has in place are adequate, that the error was of a one-off nature and does not consider that any further arrangements to ensure compliance need to be introduced.

Yours sincerely

Dennis Leong Company Secretary

Macquarie Group Limited is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cwth), and its obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not guarantee or otherwise provide assurance in respect of the obligations of Macquarie Group Limited.

cag_cosec_syd_prd/152520_1

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	John R Niland AC
Date of last notice	20 January 2009 but 8 December 2008 re: Macquarie Group Limited fully paid ordinary (“MQG”) shares.

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	Direct and indirect.
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Securities held by Carmel Niland and John Niland as trustees for the Niland Family Superannuation Fund, of which John Niland is a joint beneficiary with Carmel Niland.
Date of change	5 June 2009
No. of securities held prior to change	• 2,309 MQG shares held directly by John Niland; • 7,250 MQG shares held by Carmel Niland and John Niland as trustee for the Niland Family Superannuation Fund, of which John Niland is a joint beneficiary with Carmel Niland.
Class	MQG fully paid ordinary shares.
Number acquired	563 MQG shares acquired by Carmel Niland and John Niland as trustees for the Niland Family Superannuation Fund, of which John Niland is a joint beneficiary with Carmel Niland.
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$26.60 per MQG share.

cag_cosec_syd_prd/152401_1

• See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	• 2,309 MQG shares held directly by John Niland; • 7,813 MQG shares held by Carmel Niland and John Niland as trustee for the Niland Family Superannuation Fund, of which John Niland is a joint beneficiary with Carmel Niland.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Shares allotted pursuant to the Macquarie Group Limited Share Purchase Plan.

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

Dated: 22 June 2009

cag_cosec_syd_prd/152401_1

• See chapter 19 for defined terms.

Appendix 3Y Page 2