Macquarie Group Limited — Director's Dealing 2011

Nov 7, 2011

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 30/09/01 Amended 01/01/11

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.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	H Kevin McCann, AM
Date of last notice	29 April 2011 but 11 June 2009 re Macquarie GroupLimited fully paid ordinaryshares(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

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.

Direct or indirect interest	Direct and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Securities held by HJ McCannInvestments Pty Limited ATF HK McCannSuperannuation Fund, of which KevinMcCann is a beneficiary.
**Date of change **	4November 2011
No. of securities held prior to change	• 11,922 MQG Shares held by H KevinMcCann; and• 1,563 MQG Shares held by HJ McCannInvestments Pty Limited ATF HKMcCann Superannuation Fund.
Class	MQG Shares.
Number acquired	6,443 MQG Shares acquired by HJMcCann Investments Pty Limited ATF HKMcCann Superannuation Fund from HKevin McCann.
Number disposed	6,443 MQG Shares transferred from HKevin McCann to HJ McCannInvestments Pty Limited ATF HK McCannSuperannuation Fund.
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$23.26 per MQG Share.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	• 5,479 MQG Shares held by H KevinMcCann; and• 8,006 MQG Shares held by HJ McCannInvestments Pty Limited ATF HKMcCann Superannuation Fund.
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Off-market transfer of shares from HKevin McCann to HJ McCannInvestments Pty Ltd as trustee for the HKMcCann Superannuation Fund, of whichH Kevin McCann is a beneficiary. Therehas been no change to Kevin McCann’soverall interest in MQG Shares.

Part 2 – Change of 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) 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

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

Date: 8 November 2011

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011