Macquarie Group Limited — Director's Dealing 2011

Apr 19, 2011

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

20 April 2011

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

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Dear Kim-Ly

Macquarie Group Limited (MQG) - Appendix 3Y

Please find attached an Appendix 3Y for Mr Peter Kirby pursuant to ASX listing rule 3.19A, regarding interests held by the corporate trustee of Mr Kirby’s superannuation fund in financial products offered by Macquarie subsidiaries. We note the notices in relation to these holdings were not notified to the Company within the requisite timeframe due to an oversight in recognising that the relevant interests in these unlisted funds were disclosable. The notice was prepared and lodged as soon as practicable once the interests were notified to the Company.

We further note that Mr Kirby is not a director of the relevant subsidiaries.

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

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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.

Name of Director Peter M Kirby Date of last notice 3 December 2009. This is the first notice re MQ Capital-Asia (“MQCA”) Trust and MQ Special Events (“MQSE”) Fund units.

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	Indirect interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	Securities held by Bayete Pty Limited, as trusteefor the Kirby Superannuation Fund, of whichPeter Kirby is a beneficiary.
Date of change	• MQCA Trust units acquired between 28 May2007 and 12 May 2008; and• MQSE Fund units acquired between 31October 2005 and 6 September 2010.
No. of securities held prior to change	Nil.
Class	• MQCA Trust units; and• MQSE Fund units.
Number acquired	• 175,000 MQCA Trust units.• 340,038 MQSE Fund units.
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	• $1.00 per unit for MQCA Trust units; and• MQSE Fund units acquired for an averageprice of $1.00 per unit.

• 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	• 175,000 MQCA Trust units; and
	• 340,038 MQSE Fund units.
Nature of change	Purchase of units in unlisted funds.
Example: on-market trade, off-market trade, exercise of
options, issue of securities under dividend reinvestment plan,
participation in buy-back

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.

Appendix 3YChange of Director’s Interest Notice	Appendix 3YChange of Director’s Interest Notice	Appendix 3YChange of Director’s Interest Notice
No. of securities held after change		• •	175,000 MQCA Trust units; a40038 MQSE Fnd nit	nd
			, u us.
Nature of changeExample: on-market trade, off-market trade, exercise of		Pu	rchase of units in unlisted fun	ds.
options, issue of securities under dividend reinvestment plan,participation in buy-back
Part 2 – Change of director’s interests in co			ntracts
Note: In the case of a company, interests which come within paragraph (idisclosed in this part.			i) of the definition of “notifiable interest of a	director” should be
Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract in relationto which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation	N/A
Interest after change	N/A

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: 20 April 2011

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011