Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To:	Company Name/Scheme ABN/ACN/ARSN	Spark Infrastructure Group 14 116 940 786, 16 116 940 795, 117 034 492, 116 870 725, 36 114 940 984	SKI.AX
1. Details of substantial holder
Name		Macquarie Group Limited ('MQG'); and
		its controlled bodies corporate listed in Annexure A
		('Macquarie Group Entities')
ABN/ACN/ARSN (if applicable)		122 169 279
There was a change in the interests of the
substantial holder on:		28 March 2012
The previous notice was given to the company on:		18 March 2011
The previous notice was dated:		28 March 2012

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate had a relevant interest in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities	Previous notice		Present notice
	Person's votes	Voting power	Person's votes	Voting power
'FPS'	93,974,584	7.08%	79,676,947	6.00%

3. Change in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

	Person whose relevant	Nature of change	Consideration given in	Number of securities	Class	Voting power
Date of change	interest has changed		relation to change	affected
See Annexure B

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of	Person entitled to be	Nature of relevant interest	Number of securities	Class	Person's votes
	securities	registered as holder
Macquarie Capital	Northern Trust	Northern Trust	Pursuant to section 608 of the
Investment Management			Corporations Act	10,180,281	FPS	15,327,518
LLC	Bank of New York Mellon	Bank of New York Mellon	Pursuant to section 608 of the
			Corporations Act	6,394,666	FPS	8,343,801
	State Street	State Street	Pursuant to section 608 of the
			Corporations Act	4,438,070	FPS	6,309,165
	CIBC Mellon	CIBC Mellon	Pursuant to section 608 of the
			Corporations Act	716,955	FPS	1,032,801
	JP Morgan Securities	JP Morgan Securities	Pursuant to section 608 of the
	Australia FTS	Australia FTS	Corporations Act	281,429	FPS	449,687
MACQUARIE CAPITAL	Citibank Korea	Citibank Korea	Pursuant to section 608 of the
INVESTMENT			Corporations Act	8,950,244	FPS	9,166,261
MANAGEMENT	RBC Dexia Investor	RBC Dexia Investor	Pursuant to section 608 of the
(AUSTRALIA) LIMITED	Services, Canada	Services, Canada	Corporations Act	3,535,285	FPS	5,687,889
	Brown Brothers Harriman Co Brown Brothers Harriman		Pursuant to section 608 of the
		Co	Corporations Act
				1,800,719	FPS	3,083,918
	RBC Dexia, Luxembourg	RBC Dexia, Luxembourg	Pursuant to section 608 of the
			Corporations Act	636,284	FPS	909,698
	Bank of New York, Capital	Bank of New York,	Pursuant to section 608 of the
	Markets Limited	Capital Markets Limited	Corporations Act	481,515	FPS	678,274
MACQUARIE	Citibank Hong Kong	Citibank Hong Kong	Pursuant to section 608 of the
INVESTMENT			Corporations Act	6,549,222	FPS	567,889
MANAGEMENT LTD	Northern Trust Corporation (	Northern Trust	Pursuant to section 608 of the
	Singapore Branch)	Corporation ( Singapore	Corporations Act
		Branch)		4,369,923	FPS	9,077,244
	JP Morgan Securities	JP Morgan Securities	Pursuant to section 608 of the
	Australia FTS	Australia FTS	Corporations Act	1,546,349	FPS	4,353,390
	BOND STREET	BOND STREET	Pursuant to section 608 of the
	CUSTODIANS LIMITED	CUSTODIANS LIMITED	Corporations Act
				1,755,119	FPS	2,079,613
	JP Morgan Securities	JP Morgan Securities	Pursuant to section 608 of the
	Australia GTI	Australia GTI	Corporations Act	1,058,617	FPS	1,755,859
	National Nominees Limited	National Nominees	Pursuant to section 608 of the
		Limited	Corporations Act	694,842	FPS	1,163,765
	HSBC Bank Australia Limited	HSBC Bank Australia	Pursuant to section 608 of the
		Limited	Corporations Act	306,452	FPS	657,608

	Citibank Melbourne	Citibank Melbourne	Pursuant to section 608 of the Corporations Act	280,654	FPS	302,247
	RBC Dexia Luxembourg	RBC Dexia Luxembourg	Pursuant to section 608 of the Corporations Act	42,283	FPS	280,654
MACQUARIE BANK LIMITED	MACQUARIE BANK LIMITED	MACQUARIE BANK LIMITED	Pursuant to section 608 of the Corporations Act	19,186,772	FPS	46,352
MACQUARIE FUNDS MANAGEMENT HONG	Goldman Sachs International Goldman Sachs	International	Pursuant to section 608 of the Corporations Act	4,232,487	FPS	16,987,869
KONG LIMITED	Morgan Stanley	Morgan Stanley	Pursuant to section 608 of the Corporations Act	849,508	FPS	3,120,860
	Merrill Lynch Prime Brokerage	Merrill Lynch Prime Brokerage	Pursuant to section 608 of the Corporations Act	1,048,006	FPS	695,693
MQ SPECIALIST INVESTMENT	Goldman Sachs (Asia) LLC	Goldman Sachs (Asia) LLC	Pursuant to section 608 of the Corporations Act
MANAGEMENT LIMITED				198,148	FPS	966,843
MACQUARIE LIFE LIMITED	BOND STREET CUSTODIANS LIMITED	BOND STREET CUSTODIANS LIMITED	Pursuant to section 608 of the Corporations Act	143,117	FPS	604,286

5. Changes in association

The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN (if applicable)	Nature of association
Macquarie Group Limited &	Controlled Bodies Corporate
Macquarie Group Entities

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
MQG	Level 7, No 1 Martin Place, Sydney NSW 2000
Macquarie Capital Investment Management LLC	The Corporation Trust Company 1209 Orange Street Wilmington, New Castle County Delaware United States Of America 19801
MACQUARIE CAPITAL INVESTMENT MANAGEMENT (AUSTRALIA) LIMITED	C/- Company Secretarial Mezzanine Level No. 1 Martin Place Sydney New South Wales Australia 2000
MACQUARIE INVESTMENT MANAGEMENT LTD	C/- Company Secretarial Mezzanine Level No. 1 Martin Place Sydney New South Wales Australia 2000
MACQUARIE BANK LIMITED	Level 3 25 National Circuit Forrest Australian Capital Territory Australia 2603
MACQUARIE FUNDS MANAGEMENT HONG KONG LIMITED	Level 18, One International Finance Centre 1 Harbour View Street Central Hong Kong
MQ SPECIALIST INVESTMENT MANAGEMENT LIMITED	C/- Company Secretarial Mezzanine Level No. 1 Martin Place Sydney New South Wales Australia 2000
MACQUARIE LIFE LIMITED	C/- Company Secretarial Mezzanine Level No. 1 Martin Place Sydney New South Wales Australia 2000
MQ PORTFOLIO MANAGEMENT LIMITED	C/- Company Secretarial Mezzanine Level No. 1 Martin Place Sydney New South Wales Australia 2000
MACQUARIE PRIVATE PORTFOLIO MANAGEMENT LIMITED	C/- Company Secretarial Mezzanine Level No. 1 Martin Place Sydney New South Wales Australia 2000
Northern Trust	801 South Canal Street, Chicago, Illinois, 60607
Citibank Hong Kong	10th Floor, Two Harbourfront, 22 Tak Fung Street, Hung Hom, H.K
Citibank Korea	39, Da-Dong, Chung-Gu Seoul, Korea 100-180
State Street	State Street Financial Centre, One Lincoln Street, Boston Massachusetts 02111 Unites States
RBC Dexia Investor Services, Canada	200 Bay Street, South Tower SL level, Toronto, Ontario, M5J 2J5
Brown Brothers Harriman Co	40 Water Street, Boston, MA 02109-3661
PFPC Trust Company	8800 Tinicum Boulevard, Philadelphia, PA 19153
Bank of New York Mellon	One Wall Street, New York NY 10286
BOND STREET CUSTODIANS LIMITED	C/- Company Secretarial Mezzanine Level No. 1 Martin Place Sydney New South Wales Australia 2000
JP Morgan Securities Australia FTS	Level 35, AAP Centre, Sydney NSW 2000
Northern Trust Corporation ( Singapore Branch)	1 George Street #12-06 Singapore 049145
RBC Dexia, Luxembourg	Office 14, rue Porte de France, L-4360 Esch-sur-Alzette, Luxembourg
Bank of New York, Capital Markets Limited	One Canada Square, London E14 5AL, England
Goldman Sachs International	Peterborough Court, 133 Fleet Street, Long EC4A 2BB
CIBC Mellon	320 Bay Street, Toronto ON M5H 4A6 Canada
JP Morgan Securities Australia GTI	Level 35, AAP Centre, Sydney NSW 2000

HSBC (Malaysia) Trustee Berhad	Suite 901, 9th Floor, Wisma Hamzah-Kwong Hing, No. 1, Lebuh Ampang, 50100 Kuala Lumpur,
	Malaysia
National Nominees Limited	5th Floor, 271 Collins St., Melbourne VIC 3000
State Street Bank Trust Company, Canada	30 Adelaide Street East, Suite 1100, Toronto, Ontario, Canada, M5C 3G6
Merrill Lynch Prime Brokerage	222 Broadway, 6th Floor
	New York, New York 10036
Morgan Stanley	Chifley Tower, 2 Chifley Square, Sydney NSW 2000
Goldman Sachs (Asia) LLC	68th Floor, Cheung Kong Centre, 2 Queens Road, Central, Hong Kong
HSBC Bank Australia Limited	Level 31 HSBC Centre, 580 George St, Sydney NSW 2000
Citibank Melbourne	Mezzanine Level 1 Martin Place Sydney NSW 2000
RBC Dexia Luxembourg	Office 14, rue Porte de France, L-4360 Esch-sur-Alzette, Luxembourg
HSBC Australia	Level 31 HSBC Centre, 580 George St, Sydney NSW 2000
State Street Australia	Level 18, 338 Pitt St, Sydney NSW 2000

Signature

Print name	Dennis Leong	Capacity	Company Secretary
Sign here		Date	9 May 2012

ANNEXURE 'A'

This is the annexure marked 'A' of 17 pages referred to in the Notice of change of interests of substantial holder.

Dennis Leong Company Secretary, Macquarie Group Limited 9 May 2012

Controlled Bodies Corporate

ACN / Company No	Entity Name	Incorp Country
4649834	1135-1139 WESTMINSTER INC.	United States
1486261	1486261 Ontario Limited	Canada
133419708	160 CENTRAL HOLDING COMPANY PTY LIMITED	Australia
304030	A.C.N. 000 304 030 PTY LIMITED (IN LIQUIDATION)	Australia
67299923	A.C.N. 067 299 923 PTY LTD	Australia
127162485	A.C.N. 127 162 485 PTY LTD (IN LIQUIDATION)	Australia
127294946	A.C.N. 127 294 946 PTY LTD (IN LIQUIDATION)	Australia
127329337	A.C.N. 127 329 337 PTY LIMITED (IN DEREGISTRATION)	Australia
136 024 970	A.C.N. 136 024 970 PTY LTD	Australia
154 402 927	A.C.N. 154 402 927 Pty Ltd	Australia
124437574 124437421	ACCESS GP CO PTY LIMITED ACCESS LP CO PTY LIMITED	Australia Australia
153 275 677	ACN 153 275 677 Pty Ltd	Australia
75176813	AIRPORT MOTORWAY INFRASTRUCTURE NO. 1 LIMITED	Australia
75176859	AIRPORT MOTORWAY INFRASTRUCTURE NO. 3 LIMITED	Australia
75176993	AIRPORT MOTORWAY INFRASTRUCTURE NO. 4 LIMITED	Australia
81119477	ALLOCA (NO. 4) PTY. LIMITED	Australia
3936270	Alster & Thames Partners (USA) LLC	United States
WK-145138	Alster & Thames Partners, Ltd.	Cayman Islands
08.266.585/0001-04	AMAZON PARTICIPACOES DO BRASIL S.A.	Brazil
112 951 292	ARES CAPITAL MANAGEMENT INTERNATIONAL PTY LTD	Australia
	ARES CAPITAL MANAGEMENT INTERNATIONAL TRUST	Australia
113 861 046	ARES CAPITAL MANAGEMENT PTY LTD	Australia
	ARES CAPITAL MANAGEMENT TRUST	Australia
128 115 266 128 115 248	ARES INTERNATIONAL RESEARCH PTY LTD ARES RESEARCH PTY LTD	Australia Australia
124437609	ASIAN PACIFIC PROPERTY 2007 PTY LIMITED (IN DEREGISTRATION)	Australia
136 524 975	AUSTRALIAN SOLAR POWER CONSORTIUM PTY LTD	Australia
3336426	AVENAL POWER CENTER, LLC	United States
600 235 951	AVIATION TECHNICAL SERVICES INC.	United States
3595090	AWHR America's Water Heater Rentals, L.L.C.	United States
4029153	AWHR Five, LLC	United States
4029149	AWHR Four, LLC	United States
4029145	AWHR One, LLC	United States
4029154 4029148	AWHR Six, LLC AWHR Three, LLC	United States United States
4029147	AWHR Two, LLC	United States
59814818	BAROSSA GE PTY LIMITED	Australia
HRB 177683	BE Geothermal GmbH	Germany
8604966	BELIKE NOMINEES PTY. LIMITED	Australia
HRB 187113	Bernried Erdwärme Kraftwerk GmbH	Germany
128681809	BESPOKE CUSTODIANS PTY LIMITED (IN LIQUIDATION)	Australia
4522327	BIG SANDY CREEK WIND, LLC	United States
200921079K	BIOCARBON GROUP PTE. LIMITED (Former Non-Bank Group)	Singapore
131 532 735	BIOCARBON SERVICES PTY LIMITED (Former Non-Bank Group) Blue Grass Abstract LLC	Australia United States
	Blueshine, LLC	United States
8607065	BOND STREET CUSTODIANS LIMITED	Australia
8606924	BOND STREET INVESTMENTS PTY. LIMITED	Australia
	BOOTH STAFF LOANS TRUST	Australia
4680004	BOSTON AUSTRALIA PTY LIMITED	Australia
5008702	BOSTON LEASING PTY. LIMITED	Australia
C0593320	BREK MANUFACTURING CO.	United States
1218745 1855508	BROOK ASSET MANAGEMENT LIMITED BROOK ASSET MANAGEMENT PTY LIMITED	New Zealand New Zealand
B64188642	Bruna Moon S.L.	Spain
	BUCKLING STAFF LOANS TRUST	Australia
88217	Bunhill Investments Unlimited	Jersey
2865830	BUTTONWOOD NOMINEES PTY LIMITED	Australia
	Caliburn Greater China Fund Segregated Portfolio (a sub-fund of Caliburn
	Absolute Strategies SPC)	Cayman Islands
79173381 VY	CAMPUS INTERNATIONAL HOLDINGS PTY. LTD	Australia 4 of 34

	CAMPUS INTERNATIONAL HOLDINGS UNIT TRUST	Australia
4644364	CANADIAN BREAKS LLC	United States
Not Registered	CANTERBURY COURT HOLDINGS TRUST	Australia
4800336	Capital Meters Holdings Limited	United Kingdom
4800317	Capital Meters Limited	United Kingdom
B86295391 113484165	Captico Investments, S.L. CENTAURUS INVESTOR PTY LIMITED (IN DEREGISTRATION)	Spain Australia
B 142637	Chartreuse et Mont Blanc Global Holdings S.C.A.	Luxembourg
B 142634	Chartreuse et Mont Blanc GP S.a r.l.	Luxembourg
B 142635	Chartreuse et Mont Blanc Holdings S.a r.l.	Luxembourg
508 758 745 RCS Paris	Chartreuse et Mont Blanc SAS	France
46527C1/GBL	CHINA PROPERTY INVESTMENTS LIMITED	Mauritius
WK-133807	Chiswell Investments Limited	Cayman Islands
2228708	CIORL LP Limited	Canada
	Closing Documentation Services, LLC	United States
	CMC Holdco Inc. CMC Industries Inc.	United States United States
	CMC Railroad III, Inc.	United States
	CMC Railroad III-A, Inc.	United States
	CMC Railroad III-B, Inc.	United States
	CMC Railroad III-C, Inc.	United States
	CMC Railroad III-D, Inc.	United States
	CMC Railroad Inc.	United States
104331795	COIN SOFTWARE PTY LIMITED	Australia
3709185	Columbia Service Partners of Kentucky, Inc.	United States
3709185 3709187	Columbia Service Partners of Ohio, Inc. Columbia Service Partners of Pennsylvania, Inc.	United States United States
3709182	Columbia Service Partners of West Virginia, Inc.	United States
2603344	Columbia Service Partners, Inc.	United States
	Commerce and Industry Brokerage Inc.	United States
79775134	CONCEPT BLUE PROPERTY PTY LTD	Australia
104379491	CORIOLIS HOLDINGS PTY LIMITED - IN LIQUIDATION	Australia
3241012	Corona Energy Limited	United Kingdom
3241002 SC138229	Corona Energy Retail 1 Limited Corona Energy Retail 2 Limited	United Kingdom United Kingdom
2746961	Corona Energy Retail 3 Limited	United Kingdom
2798334	Corona Energy Retail 4 Limited	United Kingdom
2879748	Corona Gas Management Limited	United Kingdom
	COWLEY MAP STAFF LOANS TRUST	Australia
64075C1/GBL 147 091 227	DALIAN II HOLDING COMPANY LIMITED DATAFIRM PTY LIMITED	Mauritius Australia
	Delaware Alternative Strategies	United States
	Delaware Asset Advisers	United States
	Delaware Capital Management	United States
	Delaware Capital Management Advisers, Inc.	United States
	Delaware Distributors, Inc. Delaware Distributors, L.P.	United States United States
	Delaware Foundation Equity Fund	United States
	Delaware General Management, Inc.	United States
	Delaware Global Opportunities Partners, Inc.	United States
	Delaware Investment Advisers	United States
	Delaware Investments U.S., Inc.	United States
	Delaware Management Business Trust	United States
	Delaware Management Company Delaware Management Company, Inc.	United States United States
no	Delaware Management Holdings, Inc.	United States
	Delaware Management Trust Company	United States
	Delaware Service Company, Inc.	United States
	Delaware Structured Assets Parnters, Inc.	United States
	DELTA1 FINANCE TRUST	Australia
5843681 8606871	Despen Bayle Limited (in strike off) DEXIN NOMINEES PTY. LIMITED	United Kingdom Australia
B86081437	Dextertown SL	Spain
101 190 569	DIVCO 116 PTY LIMITED	Australia
101 190 649	DIVCO 126 PTY LIMITED	Australia
083 158 918	DIVCO 37 PTY LIMITED	Australia
088 347 497	Divco 57 Pty Limited	Australia
097 289 999 097 290 821	DIVCO 84 PTY LIMITED DIVCO 96 PTY LIMITED	Australia Australia
110311	Divisadero Leasing Ltd.	Cayman Islands
	DMH Corp.	United States
128078615	EAST VICTORIA PARK JOINT VENTURE PTY LIMITED - IN LIQUIDATION	Australia
94631964	EASTERN SEA INVESTMENTS PTY LIMITED	Australia
69344001	Elements Trust ELISE NOMINEES PTY LIMITED	Australia Australia
7679087	Energy Assets (Meters) 2 Limited	United Kingdom
VY		5 of 34

6774507	Energy Assets (Meters) Limited	United Kingdom
7931804	Energy Assets Group PLC	United Kingdom

6774476	Energy Assets Holdings Limited	United Kingdom
5417114	Energy Assets Limited	United Kingdom
6435810	EQUITAS NOMINEES PTY. LIMITED	Australia
4605170	ERC Holdco LLC	United States
	ESCALATOR AUSTRALIAN INVESTMENT COMPANY PTY LIMITED (IN
111360528	DEREGISTRATION)	Australia
111494574	ESCALATOR GP CO PTY LIMITED	Australia
111494663	ESCALATOR INCOME NOTE CO PTY LIMITED (IN DEREGISTRATION)	Australia
111494467	ESCALATOR LP CO PTY LIMITED	Australia
79878783	EURO FIN CO PTY LTD	Australia
4721352	FAS 1 LLC	United States
9636131	FELTER PTY LIMITED - IN LIQUIDATION	Australia
137357	FINCH SECURITIES LIMITED	Cayman Islands

779889	FIRST CHINA PROPERTY GROUP LIMITED	Hong Kong
779887	FIRST CHINA PROPERTY MANAGEMENT LIMITED	Hong Kong
8604466	FOUCAULT PTY LIMITED - IN LIQUIDATION	Australia
3432790	Four Corners Capital Management, LLC	United States
	Fox-Pitt Kelton Cochran Caronia Waller (USA) LLC	United States
	Fox-Pitt Kelton Cochran Caronia Waller LLC	United States
692337	FOX-PITT, KELTON (ASIA) LIMITED	Hong Kong
2897779	Fox-Pitt, Kelton Group Limited	United Kingdom
1601171	Fox-Pitt, Kelton Limited	United Kingdom
32157	Fox-Pitt, Kelton N.V.	(Netherlands Antilles)
99228	FPK Capital I CIP GP Limited	Jersey
989	FPK Capital I CIP L.P.	Jersey
4222775	Fremantle Energy Holdings, LLC	United States
4222772	Fremantle Energy, LLC	United States

3930054	Fremantle Wind Holdings Inc.	United States
88928296	FUNDCORP HOLDINGS PTY LIMITED	Australia
106204862	FUNDCORP PTY LIMITED	Australia
8542685	GALANTHUS AUSTRALIA PTY LIMITED - IN LIQUIDATION	Australia
1581031	GALANTHUS LEASING PTY LIMITED	Australia
B86230539	Ganeta Investments SL	Spain
68104558	GARACHINE PTY LIMITED (In LIquidation)	Australia
54001400	GATESUN PTY. LIMITED	Australia
	Geary Leasing Limited	Cayman Islands
109964
1332891	GENERATOR BONDS LIMITED	New Zealand

108026437	GENERATOR CHARITIES AUSTRALIA PTY LIMITED	Australia
103116954	GENERATOR INVESTMENTS AUSTRALIA LIMITED	Australia
9642942	GILLMAN PTY. LIMITED	Australia
105819181	GLOBAL DEBT INVESTMENTS NO.4 PTY LIMITED (IN LIQUIDATION)	Australia
MC143292	GLOBAL STAR GP LTD	Cayman Islands
8604484	GLORIOLE PTY LIMITED - IN LIQUIDATION	Australia
N/A	Goldman Sachs Commodity Alpha Beta Portfolio class C	Luxembourg
5481707	Goonzaran Bluebell Funding Limited	United Kingdom

5473771	Goonzaran Bluebell Leasing Limited	United Kingdom
4521455	Groupe Rossignol Canada Inc.	Canada
0100-01-086076	GROUPE ROSSIGNOL KK	Japan
148 217 029	HARRIS DAIRIES LIMITED	Australia
3416168	Harrison Leasing Corporation	United States
415492	HBEAR CO. NO.1 LIMITED	Ireland
125438600	HENDERSON WA PTY LIMITED	Australia
not registered	HENDERSON WA TRUST	Australia
4317904	High Lonesome Wind, LLC	United States
758010	HILLSAM NOMINEES PTY. LIMITED (IN LIQUIDATION)	Australia
	HOBSON STAFF LOANS TRUST	Australia
104173891	HUB X PTY LIMITED	Australia

97666	Hydra Investments 2007 Limited	Jersey
2757020	IDAMENEO (NO. 79) NOMINEES PTY. LIMITED	Australia
HRA43929	Industrial Investments Germany GmbH & Co. KG	Germany
65764	INFRASTRUCTURE INVESTMENT NO. 2 LTD.	Cayman Islands
73710942	INFRASTRUCTURE INVESTMENTS NO 1 PTY LIMITED	Australia
	International Ag Insurance Solutions LLC	United States
	IRVING STAFF LOANS TRUST	Australia
CR-113608	Jackson Leasing Limited	Cayman Islands
72362	Jet Leasing LDC	Cayman Islands

0100-02-036303	JIG HOLDINGS LIMITED	Japan
	JOHNSON MAP STAFF LOANS TRUST	Australia
9641114	JUBILEE PTY. LIMITED - (to be liquidated)	Australia
464138	Juuichi Limited	Ireland
254939	Kandahar Sp. z o.o. (in liquidation)	Poland
CR-113609	Kearny Leasing Limited	Cayman Islands
4721412	Keba Energy LLC	United States

3250833	LANROD PTY LIMITED - IN LIQUIDATION	Australia
491404	Leannta PPP Investments Limited	Ireland
130271108	LEARNSPACE VIC HOLDINGS PTY LIMITED	Australia
130271180	LEARNSPACE VIC PTY LIMITED	Australia

4708904	LG BIOMASS MISSOURI LLC	United States
8604920	LIANA PTY. LIMITED	Australia
	Liberty Green Renewables Indiana, LLC	United States
	Lien Data Services, LLC	United States
HRB80214	Lightning Bolt Germany GmbH	Germany
CH -217-3534284-8	LISA Lange International Sarl	Switzerland
397 727 397 RCS NEVERS	Look Fixations S.A.S.	France
	MAC FUND ONE TRUST	Australia
116308466	MACQUARIE (171 COLLINS ST) PTY LIMITED (IN LIQUIDATION)	Australia
115007817	MACQUARIE (454 COLLINS STREET) PTY LIMITED - in liquidation	Australia
198500776M	MACQUARIE (ASIA) PTE LTD.	Singapore
27230949	MACQUARIE (ASIA) PTE LTD. TAIWAN BRANCH	Taiwan
1.19E+08	MACQUARIE (COLEMANS) PTY LIMITED	Australia
6612064	Macquarie (Europe) Nominees Limited	United Kingdom
200228	MACQUARIE (HK) FINANCIAL SERVICES LIMITED	Hong Kong
0100-01-068766	MACQUARIE (JAPAN) LIMITED	Japan
110256418	MACQUARIE (PYRMONT) PTY LIMITED (In Liquidation)	Australia
SC280388	Macquarie (Scotland) GP Limited	United Kingdom
1.28E+08	MACQUARIE (STUD ROAD) PTY LIMITED	Australia
6287793	Macquarie (UK) Group Services Limited	United Kingdom
4717557	MACQUARIE 55 NINTH ST INC.	United States
3.04E+04	MACQUARIE ABSOLUTE RETURN STRATEGIES GLOBAL LIMITED	Bermuda
8594885	MACQUARIE ACCEPTANCES LIMITED	Australia
95180788	MACQUARIE ADMIN SERVICES PTY LIMITED	Australia
95180788	MACQUARIE ADMIN SERVICES PTY LIMITED (Former Bank Group)	Australia
131476910	MACQUARIE ADVANCED INVESTMENT MANAGEMENT LIMITED	Australia
WK-211745	Macquarie Advanced Investment Partners G.P. Ltd.	Cayman Islands
486592	Macquarie Aerospace AF (Ireland) Limited	Ireland
40096.0 (Decree No.
10356/AVV)	MACQUARIE AEROSPACE ARUBA A.V.V.	Aruba
	Macquarie Aerospace Inc.	United States
484423	Macquarie Aerospace Ireland Limited	Ireland
4.41E+04	MACQUARIE AEROSPACE LIMITED	Bermuda
	Macquarie Affiliated Managers (USA) Inc.	United States
4508116	Macquarie Affiliated Managers Holdings (USA) Inc.	United States
2000/001243/07	MACQUARIE AFRICA (PROPRIETARY) LIMITED	South Africa
122169368	MACQUARIE AGRICULTURAL FUNDS MANAGEMENT LTD	Australia
116381634	MACQUARIE AGRICULTURAL SERVICES PTY LIMITED	Australia
B121660	Macquarie Aircraft Leasing Finance SA	Luxembourg
429567	Macquarie Aircraft Leasing Holdings (2) Limited	Ireland
139 633 015	MACQUARIE AIRCRAFT LEASING HOLDINGS PTY LIMITED	Australia
139 654 407	MACQUARIE AIRCRAFT LEASING LIMITED	Australia
4.27E+05	Macquarie Aircraft Leasing Limited	Ireland
130 643 319	MACQUARIE AIRCRAFT LEASING SERVICES (AUSTRALIA) PTY LTD	Australia
429566	Macquarie Aircraft Leasing Services (Ireland) Limited	Ireland
200917376C	Macquarie Aircraft Leasing Services (Singapore) Pte. Ltd.	Singapore
5988531	Macquarie Aircraft Leasing Services (UK) Limited	United Kingdom
4247748	Macquarie Aircraft Leasing Services (US), Inc.	United States
	MACQUARIE AIRCRAFT LEASING TRUST A	Australia
464499 6.77E+06	Macquarie AirFinance Acquisitions (Ireland) Limited Macquarie AirFinance Acquisitions (UK) Limited	Ireland United Kingdom
41370	Macquarie AirFinance Acquisitions Holdings Ltd.	Bermuda
41289	Macquarie AirFinance Acquisitions Limited	Bermuda
41212	Macquarie AirFinance Aruba A.V.V.	Aruba
435319	Macquarie AirFinance Holdings Limited	Ireland
40863	Macquarie AirFinance International Group Limited	Bermuda
40569	Macquarie AirFinance International Limited	Bermuda
38946	MACQUARIE AIRFINANCE LTD	Bermuda
38946	Macquarie AirFinance Ltd.	Bermuda
40673	Macquarie AirFinance Warehouse (No. 1) Limited	Bermuda
3.46E+06	Macquarie Allegiance Capital, LLC	United States
103237181	MACQUARIE ALTERNATIVE ASSETS MANAGEMENT LIMITED	Australia
142 495 958	MACQUARIE ALTERNATIVE PROPERTY HOLDINGS PTY LIMITED	Australia
3379259	MACQUARIE AMERICAS CORP	United States
124071414	MACQUARIE AMERICAS HOLDINGS PTY LTD	Australia
128071545	MACQUARIE ASCARI HOLDINGS PTY LIMITED - IN LIQUIDATION	Australia
71501963	MACQUARIE ASIA HOLDINGS PTY LIMITED	Australia
619928	MACQUARIE ASIA LIMITED	Hong Kong
	Macquarie Asia New Stars Fund	Luxembourg
MC-25427	Macquarie Asia Pacific Private Equity Offshore Fund, L.P.	Cayman Islands
	MACQUARIE ASIA REAL ESTATE MANAGEMENT PTY LIMITED (Former
105453638	Bank Group)	Australia
VY		7 of 34

1049991	MACQUARIE ASIA STRUCTURED TRANSACTIONS LIMITED	Virgin Islands, British
	MACQUARIE ASIA STRUCTURED TRANSACTIONS LIMITED (SINGAPORE
T07FC7008F	BRANCH)	Singapore
	Macquarie Asian Leaders Segregated Portfolio	Cayman Islands
L0000124F	MACQUARIE ASIAN PACIFIC PROPERTY 2007 LP	Australia
0100-01-107687 64219601	MACQUARIE ASSET FINANCE JAPAN LIMITED MACQUARIE ASSET FINANCE LIMITED	Japan Australia
57952C1/GBL	MACQUARIE ASSET FINANCE MAURITIUS LTD	Mauritius
4578015	MACQUARIE ASSET MANAGEMENT INC.	United States
1263583	MACQUARIE ASSET MANAGEMENT PTY LIMITED	Australia
6055796	MACQUARIE AUSTRALIA INTERNATIONAL PTY LIMITED	Australia
736210	MACQUARIE AUSTRALIA PTY LIMITED	Australia
74453286	MACQUARIE AUSTRALIA SECURITIES LIMITED	Australia
8660811	MACQUARIE AUSTRALIA TECHNOLOGY PTY LIMITED - IN LIQUIDATION	Australia
096 257 224 FN215363K	MACQUARIE AUSTRALIAN PURE INDEXED EQUITIES FUND Macquarie Austria GmbH	Australia Austria
4687739	MACQUARIE AUTOPARK INC.	United States
121836191	MACQUARIE AVENIR NO. 1 PTY LIMITED	Australia
121836235	MACQUARIE AVENIR NO. 2 PTY LIMITED	Australia
368579	MACQUARIE AVIATION CAPITAL FINANCE LIMITED	Ireland
368589	MACQUARIE AVIATION CAPITAL GROUP	Ireland
368580	MACQUARIE AVIATION CAPITAL LIMITED	Ireland
8607047	MACQUARIE AVIATION NO 1 CO PTY LIMITED	Australia
124071432 6309906	MACQUARIE B.H. PTY LTD Macquarie Bank International Limited	Australia United Kingdom
HRB 189708	Macquarie Bank International Limited, Niederlassung Deutschland	Germany
FN 331748 s	Macquarie Bank International Limited, Vienna Branch	Austria
8583542	MACQUARIE BANK LIMITED	Australia
1045	Macquarie Bank Limited (DIFC Recognised Company)	United Arab Emirates
74725SD	Macquarie Bank Limited (Dominican Republic Branch)	Dominican Republic
F18649	MACQUARIE BANK LIMITED (HONG KONG BRANCH)	Hong Kong
FC018220	Macquarie Bank Limited (London Branch)	United Kingdom
104-84-07697 FC018220	MACQUARIE BANK LIMITED (SEOUL BRANCH) Macquarie Bank Limited (US Representative Office)	Korea, Republic of United States
T11FC0018C	MACQUARIE BANK LIMITED SINGAPORE BRANCH	Singapore
1531997	MACQUARIE BANK SUPERANNUATION PTY. LIMITED (IN	Australia
5939070	Macquarie Barnett LLC	United States
109280819	MACQUARIE BATHURST STREET PTY LIMITED (IN LIQUIDATION)	Australia
R.P.M. 892390892	Macquarie Belgium TCG SPRL	Belgium
42536 HRB 232767	Macquarie Bermuda Investments Limited-in members' voluntary liquidation Macquarie Beteiligungstreuhand GmbH	Bermuda Germany
HRB 86921	Macquarie Beteiligungsverwaltungs GmbH (in liquidation)	Germany
657826-8	Macquarie BFS Holdings Ltd.	Canada
4708902	MACQUARIE BIOMASS LLC	United States
CNPJ03.516.449/0001	MACQUARIE BRASIL PARTICIPACOES LTDA	Brazil
69344289 69344387	MACQUARIE CAF USD LEASING CO NO 1 PTY LIMITED MACQUARIE CAF USD SECURITY CO NO 1 PTY LIMITED	Australia Australia
798792-7	Macquarie Canada Inventory Holdings Limited	Canada
683412-4	Macquarie Canada Services Ltd.	Canada
793548-0	Macquarie Canadian Infrastructure Management Limited	Canada
6489800	Macquarie Canadian Investment Holdings Ltd.	Canada
123199548 740	MACQUARIE CAPITAL (AUSTRALIA) LIMITED Macquarie Capital (Dubai) Limited	Australia United Arab Emirates
3704031	Macquarie Capital (Europe) Limited	United Kingdom
516404-9909	Macquarie Capital (Europe) Limited UK Filial, Sweden	Sweden
34297902	Macquarie Capital (Europe) Limited, Amsterdam Branch	Netherlands
905963	Macquarie Capital (Europe) Limited, Dublin Branch	Ireland
HRB 82506 478 586 167	Macquarie Capital (Europe) Limited, Niederlassung Deutschland Macquarie Capital (Europe) Limited, Paris Branch	Germany France
611405	MACQUARIE CAPITAL (HONG KONG) LIMITED	Hong Kong
11-90696	Macquarie Capital (India) Private Limited	India
104-81-64533	MACQUARIE CAPITAL (KOREA) LIMITED	Korea, Republic of
MCM081013SY0	MACQUARIE CAPITAL (MEXICO), S.A. de C.V.	Mexico
1952567 199704430K	MACQUARIE CAPITAL (NEW ZEALAND) LIMITED MACQUARIE CAPITAL (SINGAPORE) PTE. LIMITED	New Zealand Singapore
2382080	MACQUARIE CAPITAL (USA) INC	United States
2149053	Macquarie Capital Acquisitions (Canada) Ltd.	Canada
716740-7	Macquarie Capital Acquisitions (Canada) No.2 Ltd	Canada
130 342 915	MACQUARIE CAPITAL ADVISERS CRE PTY LTD	Australia
105777704	MACQUARIE CAPITAL ALLIANCE MANAGEMENT PTY LIMITED	Australia
137760822 1818250	MACQUARIE CAPITAL ARGENTINA PTY LTD Macquarie Capital Argentina Pty Ltd (Sucursal Argentina)	Australia Argentina
132 864 950	MACQUARIE CAPITAL CIS HOLDINGS PTY LTD	Australia
22407	Macquarie Capital CIS Holdings Pty Ltd (Russia Branch)	Russian Federation
127829458	MACQUARIE CAPITAL FINANCE (AUSTRALIA) PTY LTD	Australia
736	Macquarie Capital Finance (Dubai) Limited	United Arab Emirates

133 664 632	MACQUARIE CAPITAL FINANCE HOLDINGS (AUSTRALIA) PTY LIMITED	Australia
88464	Macquarie Capital Funding (GP) Limited	Jersey
110605724	MACQUARIE CAPITAL FUNDING (LP) PTY LIMITED	Australia
LP561	MACQUARIE CAPITAL FUNDING L.P.	Jersey
	Macquarie Capital Funding LLC	United States
1210279 96705109	MACQUARIE CAPITAL FUNDS (ASIA) LIMITED MACQUARIE CAPITAL GROUP LIMITED	Hong Kong Australia
FC027878	MACQUARIE CAPITAL GROUP LIMITED (UK BRANCH)	United Kingdom
2149050	Macquarie Capital Holdings (Canada) Ltd.	Canada
687	Macquarie Capital Holdings (Dubai) Limited	United Arab Emirates
123199253	MACQUARIE CAPITAL INTERNATIONAL HOLDINGS PTY LIMITED	Australia
86159060	MACQUARIE CAPITAL INVESTMENT MANAGEMENT (AUSTRALIA) LIMITED	Australia
4607360	MACQUARIE CAPITAL INVESTMENT MANAGEMENT INC.	United States
3752829 77595012	Macquarie Capital Investment Management LLC MACQUARIE CAPITAL LOANS MANAGEMENT LIMITED	United States Australia
	Macquarie Capital Markets Canada Ltd./Marchés Financiers Macquarie Canada
565608	Ltée.	Canada
	Macquarie Capital Markets North America Ltd./Marchés Financiers Macquarie
1079073	Amérique Du Nord Ltée.	Canada
803092-8	Macquarie Capital Principal Holdings Canada Ltd	Canada
2104407	MACQUARIE CAPITAL PRODUCTS (NZ) LIMITED	New Zealand
128212868	MACQUARIE CAPITAL PRODUCTS LIMITED	Australia
11-89592 MC-134609	MACQUARIE CAPITAL SECURITIES (INDIA) PRIVATE LIMITED MACQUARIE CAPITAL SECURITIES (JAPAN) LIMITED	India Cayman Islands
0100-03-012063	MACQUARIE CAPITAL SECURITIES (JAPAN) LIMITED (TOKYO BRANCH)	Japan
463469-W	MACQUARIE CAPITAL SECURITIES (MALAYSIA) SDN. BHD.	Malaysia
15184/2070C1/GBL	MACQUARIE CAPITAL SECURITIES (MAURITIUS) LIMITED	Mauritius
180496	Macquarie Capital Securities (Philippines) Inc.	Philippines
198702912C	MACQUARIE CAPITAL SECURITIES (SINGAPORE) PTE. LIMITED	Singapore
135973 110-84-02227	Macquarie Capital Securities Limited MACQUARIE CAPITAL SECURITIES LIMITED (SEOUL BRANCH)	Hong Kong Korea, Republic of
89407381	MACQUARIE CAPITAL SECURITIES LIMITED (TAIWAN BRANCH)	Taiwan
680634-1	Macquarie Capital Specialized Financing Limited	Canada
4733273	Macquarie Capital US Acquisitions LLC	United States
133 001 359	MACQUARIE CAPITAL WIND MANAGEMENT PTY LTD	Australia
4684152	MACQUARIE CAPITOLA VILLAS INC.	United States
169009 168347	MACQUARIE CAYMAN HOLDINGS 2 CO. MACQUARIE CAYMAN HOLDINGS CO	Cayman Islands Cayman Islands
42381	MACQUARIE CHINA RETAIL COMPANY 1 LIMITED (Former Bank Group)	Bermuda
	Macquarie Climate Change Investments PNG Limited (In Liquidation) (Former
1-65845	Non-Bank Group)	Papua New Guinea
201016397N	MACQUARIE COMMODITIES (SINGAPORE) PTE. LIMITED	Singapore
SP.688/AsingP3A PDN.2/9/2010	MACQUARIE COMMODITIES (SINGAPORE) PTE. LIMITED, Indonesia Rep. Office	Indonesia
5259474	Macquarie Commodities (UK) Limited	United Kingdom
4383511	MACQUARIE COMMODITIES (USA) INC	United States
6863247	Macquarie Commodities Factoring Holdings (UK) Limited	United Kingdom
4662005	MACQUARIE COMMODITIES FACTORING LLC	United States
5259503 35304	Macquarie Commodities Finance (UK) Limited MACQUARIE COMMODITIES FUND LIMITED - in liquidation	United Kingdom Bermuda
4668206	MACQUARIE COMMODITIES FUNDING (USA) LLC	United States
4071304	MACQUARIE COMMODITIES HOLDINGS (USA) LLC	United States
4100974	MACQUARIE COMMODITIES TRADING INC.	United States
111117465	MACQUARIE COMMUNITY PARTNERSHIPS PTY LIMITED (IN	Australia
96629471 12-377-980/0001-25	MACQUARIE CONCEPT BLUE PTY LTD Macquarie Consultoria Agricola E Representacoes Ltda.	Australia Brazil
4752472	Macquarie Corona Energy Holdings Limited	United Kingdom
4624506	MACQUARIE CORPORATE AND ASSET FINANCE CONSULTING INC.	United States
4618137	MACQUARIE CORPORATE AND ASSET FINANCE HOLDINGS INC.	United States
6198910	MACQUARIE CORPORATE AND ASSET FINANCE LIMITED	Australia
4624264 8606862	MACQUARIE CORPORATE AND ASSET FUNDING INC. MACQUARIE CORPORATE FINANCE HOLDINGS PTY LTD	United States Australia
8595426	MACQUARIE CORPORATE FINANCE LIMITED	Australia
	MACQUARIE CORPORATE FINANCE LIMITED NIEDERLASSUNG
HRB52973	DEUTSCHLAND	Germany
3835213	MACQUARIE COTTON INTERNATIONAL INC	United States
4552354 129962358	Macquarie CPS LLC Macquarie CPS Trust	United States Australia
5108711	Macquarie Credit Investment Management Inc.	United States
MC-266242	MACQUARIE CREDIT NEXUS FUND LIMITED	Cayman Islands
MC-267012	Macquarie Credit Nexus Holdings Limited	Cayman Islands
MC-266243	MACQUARIE CREDIT NEXUS MASTER FUND LIMITED	Cayman Islands
4774619 8295013	Macquarie Crop Partners GP, LLC Macquarie DD1 (USA) Inc.	United States United States
	Macquarie DD1 STA (USA) Inc.	United States
75067631	MACQUARIE DEBF PTY LIMITED	Australia
VY		9 of 34

132821580	MACQUARIE DELTA1 FINANCE SERVICES PTY LIMITED	Australia
29318190	Macquarie Denmark Limited A/S	Denmark
126768714	MACQUARIE DEVELOPMENT CAPITAL (AUS) PTY LIMITED	Australia

102607616	MACQUARIE DEVELOPMENT CAPITAL II PTY LIMITED	Australia
134474712	MACQUARIE DEVELOPMENT CAPITAL MANAGEMENT PTY LIMITED	Australia
82018399	MACQUARIE DEVELOPMENT CAPITAL PTY LIMITED	Australia
131165921	MACQUARIE DIGGERS REST HOLDINGS PTY LIMITED	Australia
115402349	MACQUARIE DIGITAL PTY LIMITED	Australia
8607083	MACQUARIE DIRECT INVESTMENT PTY LIMITED	Australia
20.3.0.31.542-6	Macquarie Distribution Finance Ltd.	Switzerland
85795651	MACQUARIE DISTRIBUTION PTY LIMITED	Australia
114099795	MACQUARIE DIVERSIFIED ASSET ADVISORY PTY LIMITED	Australia
98127578	MACQUARIE DIVERSIFIED INVESTMENTS NO 2 PTY LTD (IN	Australia
98127569	MACQUARIE DIVERSIFIED INVESTMENTS NO 3 PTY LTD (IN	Australia
4257710	MACQUARIE DYNAMIC MANAGEMENT (USA) INC	United States
106197488	MACQUARIE DYNAMIC MANAGEMENT PTY LIMITED	Australia
3635201	MACQUARIE ELECTRONICS CONSULTING INC	United States
363806	MACQUARIE ELECTRONICS LIMITED	Ireland
363803	MACQUARIE ELECTRONICS REMARKETING LIMITED	Ireland
Delaware #3567972	MACQUARIE ELECTRONICS USA INC	United States
	MACQUARIE EMERGING MARKETS ARBITRAGE TRADING PTE. LIMITED
200408424K	(wef 20/05/2009) (Former Non-Bank Group)	Singapore
200408424K	MACQUARIE EMERGING MARKETS ASIAN TRADING PTE. LIMITED	Singapore
	MACQUARIE EMERGING MARKETS ASIAN TRADING PTE. LIMITED (Non
F18440	Hong Kong Company)	Hong Kong
143365673	Macquarie Emerging Markets Investments Pty Ltd	Australia
127185719	MACQUARIE EMG HOLDINGS PTY LIMITED	Australia
4708900	MACQUARIE ENERGY ASSETS LLC	United States
6643795	Macquarie Energy Canada Ltd.	Canada
664374-4	Macquarie Energy Holdings Canada Ltd.	Canada
122300592	MACQUARIE ENERGY HOLDINGS PTY LTD	Australia
4554443	Macquarie Energy Investments LLC	United States
2468860	Macquarie Energy LLC	United States
4023666	MACQUARIE ENERGY NORTH AMERICA TRADING INC.	United States
ARSN 085 130 794	Macquarie Enhanced Australian Fixed Interest Fund	Australia
099 117 647	MACQUARIE ENHANCED GLOBAL BOND FUND	Australia
087 433 912	MACQUARIE ENHANCED PROPERTIES SECURITIES FUND	Australia
	Macquarie Equipment Finance Holdings Inc.	United States
4457323
262381	MACQUARIE EQUIPMENT FINANCE LIMITED	New Zealand
421234	Macquarie Equipment Finance Limited	Ireland

605377-7	Macquarie Equipment Finance Ltd./Macquarie Financement d'Équipement Ltée.	Canada

124335593 475730	MACQUARIE EQUIPMENT FINANCE PTY LIMITED Macquarie Equipment Finance Services Limited	Australia Ireland

4463641 468487	Macquarie Equipment Finance, LLC Macquarie Equipment Funding Limited	United States Ireland
4463642	Macquarie Equipment Funding, LLC	United States
	Macquarie Equipment Leasing Fund Two, LLC	United States
459515-H	MACQUARIE EQUIPMENT LEASING SDN. BHD.	Malaysia
112079268	MACQUARIE EQUIPMENT RENTALS PTY LIMITED	Australia
485394	MACQUARIE EQUITIES (ASIA) LIMITED	Hong Kong
63906392	MACQUARIE EQUITIES (US) HOLDINGS PTY. LIMITED	Australia
	MACQUARIE EQUITIES BRASIL ADMINISTRACAO DE FUNDOS E
04.317.671/0001-31	PARTICIPACAO LTDA	Brazil
WN1114218	MACQUARIE EQUITIES CUSTODIANS LIMITED	New Zealand
2574923	MACQUARIE EQUITIES LIMITED	Australia
WN/1007806	MACQUARIE EQUITIES NEW ZEALAND LIMITED	New Zealand
1374572	MACQUARIE EQUITY CAPITAL MARKETS PTY LIMITED	Australia
6294706	Macquarie Equity Products (UK) Limited	United Kingdom
LP00000393	MACQUARIE ESCALATOR 2005 (COMMODITIES INDEX) LP	Australia
	MACQUARIE ESCALATOR 2005 (EQUITIES INDEX) LP	Australia
	MACQUARIE ESCALATOR 2005-2 (COMMODITIES INDEX) LP	Australia
	MACQUARIE ESCALATOR 2005-2 (EQUITIES INDEX) LP	Australia
	MACQUARIE ESCALATOR 2006 (AUSTRALIAN PROPERTY) LP	Australia
LP00000350	MACQUARIE ESCALATOR LP	Australia
4714085	MACQUARIE ESPRIT INC.	United States
7713808	Macquarie Euro Limited	United Kingdom
114801464	MACQUARIE EUROPEAN FINANCIAL INVESTMENTS PTY LTD	Australia
78771123	MACQUARIE EUROPEAN HOLDINGS PTY LIMITED	Australia
	MACQUARIE EUROPEAN HOLDINGS PTY LIMITED (NON HONG KONG
F15820	COMPANY)	Hong Kong
6146573	Macquarie European Investment Holdings Limited	United Kingdom
128078277	MACQUARIE EVP HOLDING COMPANY PTY LIMITED - IN LIQUIDATION	Australia
6863285 6863307	Macquarie Factoring (UK) Limited Macquarie Factoring Finance (UK) Limited	United Kingdom United Kingdom

	Macquarie Fastracks Holdings LLC	United States

	Macquarie FG Holdings Inc.	United States
6855383	Macquarie FICC (UK) Limited	United Kingdom
132 573 436	MACQUARIE FIEX INVESTMENT PTY LIMITED	Australia
U65999MH2009PTC190863	MACQUARIE FINANCE (INDIA) PRIVATE LIMITED	India
U65999MH2009PTC190863	MACQUARIE FINANCE (INDIA) PRIVATE LIMITED (Former Non-Bank Group)	India
1065067	MACQUARIE FINANCE (NZ) LIMITED	New Zealand
118817440	MACQUARIE FINANCE HOLDINGS LIMITED	Australia
106-81-94256	MACQUARIE FINANCE KOREA CO., LTD.	Korea, Republic of
1214964	MACQUARIE FINANCE LIMITED	Australia
4551158	Macquarie Financial Holdings (USA) LLC	United States
124071398	MACQUARIE FINANCIAL HOLDINGS LIMITED	Australia
F15819	MACQUARIE FINANCIAL HOLDINGS LIMITED (NON HONG KONG	Hong Kong
4228146	Macquarie Financial Ltd./Financiere Macquarie Ltee.	Canada
95135694	MACQUARIE FINANCIAL PRODUCTS MANAGEMENT LIMITED	Australia

200800950C	MACQUARIE FINANCIAL SERVICES (ASIA) PTE LIMITED	Singapore
128948498	MACQUARIE FINANCIAL SERVICES HOLDINGS PTY LIMITED	Australia
2007/030612/07	Macquarie Financial Trustees (Proprietary) Limited	South Africa
	MACQUARIE FIXED INCOME CURRENCIES AND COMMODITIES
200813631K	(SINGAPORE) PTE. LIMITED	Singapore
69344154	MACQUARIE FLEET LEASING PTY LIMITED	Australia
ARSN 129 962 189	MACQUARIE FLEXI 100 TRUST	Australia
93752946	MACQUARIE FORESTRY SERVICES PTY LIMITED	Australia
113113214	MACQUARIE FORTRESS INVESTMENTS LIMITED	Australia
481 104 479 R.C.S. Paris	Macquarie France SARL	France
127735960	Macquarie Fund Advisers Pty Limited	Australia
B143751	Macquarie Fund Solutions	Luxembourg
	Macquarie Fund Solutions - Macquarie Emerging Markets Infrastructure
	Securities Fund	Luxembourg
BC0847563	Macquarie Funding (B.C.) Inc.	Canada
4240236	MACQUARIE FUNDING HOLDINGS INC	United States
6581935	Macquarie Funding Inc.	Canada
LP00000352	MACQUARIE FUNDING LIMITED PARTNERSHIP	Australia
113054569	MACQUARIE FUNDS HEDGING PTY LTD	Australia

	MACQUARIE FUNDS MANAGEMENT (USA) INC.	United States
93177407	MACQUARIE FUNDS MANAGEMENT HOLDINGS PTY LIMITED	Australia
724745	MACQUARIE FUNDS MANAGEMENT HONG KONG LIMITED	Hong Kong
6880217	MACQUARIE FUNDS MANAGEMENT PTY LIMITED	Australia
177751	MACQUARIE FUNDS MANAGEMENT SPC	Cayman Islands
170076	MACQUARIE FUTURES & OPTIONS (HONG KONG) LIMITED	Hong Kong
111631	MACQUARIE FUTURES (ASIA) LIMITED	Hong Kong
4088350	Macquarie Futures USA LLC	United States
137072112	MACQUARIE FX INVESTMENTS PTY LTD	Australia
128219330	MACQUARIE GCUH HOLDINGS PTY LIMITED	Australia
	Macquarie Generation Management I, Inc.	United States
	Macquarie Generation Management II, Inc.	United States
HRB 82733	Macquarie Germany Holdings GmbH	Germany
B142903	Macquarie Germany Holdings GmbH & Cies S.E.N.C.	Luxembourg
117033226	MACQUARIE GLASSCOCKS PTY LIMITED (IN LIQUIDATION)	Australia
	MACQUARIE GLOBAL DEBT INVESTMENTS NO.1 PTY LIMITED (IN
84388947	LIQUIDATION)	Australia
	MACQUARIE GLOBAL DEBT INVESTMENTS NO.2 PTY LIMITED (IN
75176779	LIQUIDATION)	Australia
068897C1/GBL	MACQUARIE GLOBAL FINANCE SERVICES (MAURITIUS) LIMITED	Mauritius

ARSN 095 850 472	MACQUARIE GLOBAL INFRASTRUCTURE TRUST	Australia
5259497	Macquarie Global Investments (UK) Limited	United Kingdom
	Macquarie Global Multi Events Segregated Portfolio	Cayman Islands
194165	MACQUARIE GLOBAL OPPORTUNITIES PARTNERS GP LTD	Cayman Islands
131661697	MACQUARIE GLOBAL OPPORTUNITIES PARTNERS INVESTMENT PTY	Australia
4332814	Macquarie Global Opportunities Partners LLC	United States
	MACQUARIE GLOBAL PROPERTY FUNDS PTY LIMITED (IN
110930964	DEREGISTRATION)	Australia
LP461	MACQUARIE GLOBAL RESOURCES MASTER HEDGE FUND LP	Virgin Islands, British
1480825	MACQUARIE GLOBAL RESOURCES OFFSHORE HEDGE FUND LIMITED	Virgin Islands, British
168982	MACQUARIE GLOBAL SERVICES PRIVATE LIMITED	India
134 225 817	MACQUARIE GLOBAL SOVEREIGN BOND FUND	Australia
5488013	Macquarie GP Limited	United Kingdom
5718600	Macquarie GP2 Limited	United Kingdom
4310212	Macquarie Grand Parkway HoldCo LLC	United States

124071389	MACQUARIE GROUP (US) HOLDINGS NO.1 PTY LTD	Australia
200412291W	MACQUARIE GROUP HOLDINGS (SINGAPORE) PTE. LIMITED	Singapore
6357992	Macquarie Group Holdings (UK) No.1 Limited	United Kingdom
6357999	Macquarie Group Holdings (UK) No.2 Limited	United Kingdom
7032532	Macquarie Group Holdings (UK) No.4 Limited	United Kingdom
1952566	MACQUARIE GROUP HOLDINGS NEW ZEALAND LIMITED	New Zealand
	MACQUARIE GROUP HOLDINGS NO.3 PTY LTD	Australia

6373218	Macquarie Group Investments (UK) Limited (in strike off)	United Kingdom
7438584	Macquarie Group Investments (UK) No.2 Limited	United Kingdom
122169279	MACQUARIE GROUP LIMITED	Australia
245979	MACQUARIE GROUP NEW ZEALAND LIMITED	New Zealand
116467031	MACQUARIE GROUP SERVICES AUSTRALIA PTY LTD	Australia
FC027877	MACQUARIE GROUP SERVICES AUSTRALIA PTY LTD (UK BRANCH)	United Kingdom
	Macquarie HiTIP Management I, Inc.	United States
728003-3	Macquarie Holdings (Canada) Ltd	Canada
MHM08101318A	MACQUARIE HOLDINGS (MEXICO), S.A. DE C.V.	Mexico
200703280D	MACQUARIE HOLDINGS (SINGAPORE) PTE. LTD.	Singapore
2428034	MACQUARIE HOLDINGS (U.S.A.) INC.	United States
6309919	Macquarie Holdings (UK) No.1 Limited	United Kingdom
not registered	MACQUARIE HOLDINGS TRUST	Australia
MC-199805	Macquarie Hong Kong Finance Limited	Cayman Islands
133001751	MACQUARIE I A RETURNS PTY LIMITED	Australia
3075842	MACQUARIE INC	United States
ARSN 113 844 410	MACQUARIE INDEX LINKED PROPERTY SECURITIES FUND	Australia
58341C1/GBL	MACQUARIE INDIA HOLDINGS LIMITED	Mauritius
	MACQUARIE INDIA INFRASTRUCTURE MANAGEMENT HOLDINGS PTE.
200823500E	LIMITED	Singapore
130542924	MACQUARIE INDIA PROPERTIES PTY LIMITED	Australia
130542924	MACQUARIE INDIA PROPERTIES PTY LIMITED (Former Bank Group)	Australia
58340C2/GBL	MACQUARIE INDIAN AIRPORTS TWO LIMITED	Mauritius
71501918	MACQUARIE INDONESIA HOLDINGS PTY LIMITED	Australia
C41803	MACQUARIE INDUSTRIAL INVESTMENTS MALTA LIMITED	Malta
744	Macquarie Infrastructure and Real Assets (Dubai) Limited	United Arab Emirates
3976881	Macquarie Infrastructure and Real Assets (Europe) Limited Macquarie Infrastructure and Real Assets (Europe) Limited (Spain)	United Kingdom Spain
499 798 742	Macquarie Infrastructure and Real Assets (Europe) Limited, Paris Branch	France
623285	Macquarie Infrastructure and Real Assets (Hong Kong) Limited	Hong Kong
784370-4	Macquarie Infrastructure and Real Assets (Sales) Canada Ltd	Canada
	MACQUARIE INFRASTRUCTURE AND REAL ASSETS (SINGAPORE) PTE.
200513362E	LIMITED	Singapore
418159-0	Macquarie Infrastructure and Real Assets Canada Ltd.	Canada
4346793	Macquarie Infrastructure and Real Assets Inc.	United States
MCF090729QX6	Macquarie Infrastructure and Real Assets México, S.A. de C.V.	Mexico
84828437	Macquarie Infrastructure and Real Assets Pty Limited	Australia
B138295	Macquarie Infrastructure and Real Assets SA	Luxembourg
135007199	MACQUARIE INFRASTRUCTURE AND REAL ASSETS TRUST	Australia
74311390	MACQUARIE INFRASTRUCTURE FUNDS MANAGEMENT PTY LIMITED	Australia
5755862	Macquarie Infrastructure GP Limited	United Kingdom
CH-170.3.028.960-5/	MACQUARIE INFRASTRUCTURE HOLDINGS AG (in liquidation)	Switzerland
112772871	MACQUARIE INFRASTRUCTURE MANAGEMENT (ASIA) PTY LIMITED	Australia
	MACQUARIE INFRASTRUCTURE MANAGEMENT (ASIA) PTY LIMITED -
T06FC6823A	SINGAPORE BRANCH	Singapore
3707788	MACQUARIE INFRASTRUCTURE MANAGEMENT (USA) INC	United States
72677993	MACQUARIE INFRASTRUCTURE NO.2 PTY LIMITED (IN LIQUIDATION)	Australia
4339673 6372304	Macquarie Infrastructure Partners Canada GP Ltd. Macquarie Infrastructure Partners II GP LLC	Canada United States
4088348	MACQUARIE INFRASTRUCTURE PARTNERS INC	United States
4106439	Macquarie Infrastructure Partners U.S. GP LLC	United States
29003	MACQUARIE INFRASTRUCTURE PRIVATE TRUSTEE COMPANY LIMITED	Bermuda
72652736	MACQUARIE INFRASTRUCTURE PTY LIMITED (IN LIQUIDATION)	Australia
41533	MACQUARIE INFRASTRUCTURE REINSURANCE COMPANY LIMITED	Bermuda
200505701K	MACQUARIE INSURANCE (SINGAPORE) PTE. LTD.	Singapore
1460256	Macquarie Insurance Services Ltd./Services D'Assurances Macquarie Ltée	Canada
129 526 272	MACQUARIE INSURANCE SOLUTIONS (BROKER) PTY LTD	Australia
117787C	Macquarie International Advisory Limited	Isle of Man
92985263	MACQUARIE INTERNATIONAL FINANCE LIMITED	Australia
4125302	Macquarie International Holdings Limited	United Kingdom
	MACQUARIE INTERNATIONAL HOUSING AND LAND CONSULTING
310000400294785 (Jing An)	(SHANGHAI) COMPANY LIMITED	China
108590996	MACQUARIE INTERNATIONAL INVESTMENTS PTY LIMITED	Australia
1802574 F11422	Macquarie International Limited MACQUARIE INTERNATIONAL LIMITED (NON HONG KONG COMPANY)	United Kingdom Hong Kong
104-84-05215	MACQUARIE INTERNATIONAL LIMITED SEOUL BRANCH	Korea, Republic of

169002	MACQUARIE INTERNATIONAL NEW YORK PARKING CO	Cayman Islands
169050 502151	MACQUARIE INTERNATIONAL SC INVESTMENTS CO Macquarie International Services Limited	Cayman Islands Hong Kong
	MACQUARIE INTERNATIONAL SMALL CAP ROADS CO. (In Liquidation)	Cayman Islands
4957256	Macquarie Internationale Investments Limited	United Kingdom
36631	MACQUARIE INVESTMENT (HONG KONG) LIMITED	Hong Kong
1.10E+14	MACQUARIE INVESTMENT ADVISORY (BEIJING) CO LTD	China
122939600	MACQUARIE INVESTMENT HOLDINGS LIMITED	Australia
112017919	MACQUARIE INVESTMENT HOLDINGS NO.2 PTY LIMITED	Australia
FN 350922 m	Macquarie Investment Management (Austria) GmbH	Austria

41471	MACQUARIE INVESTMENT MANAGEMENT (BERMUDA) LIMITED	Bermuda
WN1114216	MACQUARIE INVESTMENT MANAGEMENT (NZ) LIMITED	New Zealand
FN 171881 t	Macquarie Investment Management Austria Kapitalanlage AG	Austria
2867003	MACQUARIE INVESTMENT MANAGEMENT LTD	Australia
B108283	MACQUARIE INVESTMENT MANAGEMENT S.à r.l.	Luxembourg
71745401	MACQUARIE INVESTMENT SERVICES LIMITED	Australia
not registered	MACQUARIE INVESTMENT TRUST	Australia
2009/012283/07	Macquarie Investments (Proprietary) Limited	South Africa
WK-133809	MACQUARIE INVESTMENTS (SINGAPORE) LIMITED	Cayman Islands
4104671	Macquarie Investments (UK) Limited	United Kingdom
5582630	Macquarie Investments 1 Limited	United Kingdom
5708696	Macquarie Investments 2 Limited	United Kingdom
7012592 69416977	Macquarie Investments 3 Limited MACQUARIE INVESTMENTS AUSTRALIA PTY LIMITED	United Kingdom Australia
HRB 74953	Macquarie Investments Deutschland GmbH	Germany
4.09E+06	Macquarie Investments LLC	United States
200718499D	MACQUARIE INVESTMENTS SINGAPORE PTE. LIMITED (In Liquidation)	Singapore
	Macquarie Investments US Inc.	United States
6373185	Macquarie Investor Products (UK) Limited	United Kingdom
119211433	MACQUARIE INVESTORS PTY LTD	Australia
459515-H	MACQUARIE IT SDN BHD (Former Non-Bank Group)	Malaysia
107147222	MACQUARIE JAPAN INFRASTRUCTURE NO.1 PTY LIMITED	Australia
	MACQUARIE JAPAN INFRASTRUCTURE NO.1 PTY LIMITED (JAPAN
0100-03-012002	BRANCH)	Japan
107147188	MACQUARIE JAPAN INFRASTRUCTURE NO.2 PTY LIMITED	Australia
	MACQUARIE JAPAN INFRASTRUCTURE NO.2 PTY LIMITED (JAPAN
0100-03-011932	BRANCH)	Japan
1.18E+08	MACQUARIE JAPAN INFRASTRUCTURE NO.3 PTY LIMITED	Australia
117560415	MACQUARIE JAPAN INFRASTRUCTURE NO.4 PTY LIMITED MACQUARIE JAPAN INFRASTRUCTURE NO.4 PTY LIMITED (JAPAN	Australia
0100-03-012591	BRANCH)	Japan
119106053	MACQUARIE JAQUES PTY LIMITED	Australia
1.11E+08	MACQUARIE JIN LIN PTY LIMITED	Australia
122774289	MACQUARIE KEMBLE WATER HOLDINGS PTY LTD	Australia
128743822	MACQUARIE KEYAKIZAKA HOLDINGS PTY LIMITED	Australia
128743546	MACQUARIE KIOIZAKA HOLDINGS PTY LIMITED - IN LIQUIDATION	Australia
104-81-76330	MACQUARIE KOREA ASSET MANAGEMENT CO., LTD.	Korea, Republic of
104-81-95716	MACQUARIE KOREA OPPORTUNITIES MANAGEMENT, LTD.	Korea, Republic of
1.10E+08	MACQUARIE LAH PTY LIMITED	Australia
1.00E+14	MACQUARIE LEASING (CHINA) CO LIMITED	China
2997799	Macquarie Leasing (UK) Limited	United Kingdom
5867292	Macquarie Leasing Limited	United Kingdom
2.68E+06 2.67E+06	MACQUARIE LEASING NSW PTY. LIMITED MACQUARIE LEASING PTY. LIMITED	Australia Australia
	MACQUARIE LEISURE SERVICES PTY LIMITED

2574914		Australia
OC363068 4708903	Macquarie Lending & Investment Partners LLP MACQUARIE LG BIOMASS LLC	United Kingdom United States

3963773 114174168	MACQUARIE LIFE LIMITED MACQUARIE LP FINANCE COMPANY PTY LIMITED (IN DEREGISTRATION)	Australia Australia
130789767	MACQUARIE MACAU HOLDINGS PTY LIMITED	Australia
HRB 74075	Macquarie Management GmbH	Germany
099 813 028	MACQUARIE MASTER GEARED GROWTH FUND	Australia
090 079 413	MACQUARIE MASTER SMALL COMPANIES FUND	Australia
51142C1/GBL	MACQUARIE MAURITIUS INVESTMENTS LIMITED	Mauritius
1.33E+08	MACQUARIE MDW INVESTMENTS PTY LTD	Australia
2.26E+06	Macquarie MEAP Holding Ltd.	Canada
108538218	MACQUARIE MEDIA FUND MANAGEMENT PTY LIMITED	Australia
639997-5 4.92E+06	Macquarie Metals and Energy Capital (Canada) Ltd. Macquarie Meters 1 (UK) Limited	Canada United Kingdom

4920378 7361419	Macquarie Meters 2 (UK) Limited Macquarie Meters 3 (UK) Limited	United Kingdom United Kingdom
1344888	Macquarie Meters 4 Limited	Hong Kong
Not Applicable	MACQUARIE MEXICO INFRASTRUCTURE MANAGEMENT, S.A. DE C.V.	Mexico
4.51E+06	MACQUARIE MICROSTAR HOLDINGS INC	United States
9.52E+07	MACQUARIE MIDDLE EAST HOLDINGS PTY LIMITED	Australia
115524028	MACQUARIE MIDDLE EAST MANAGEMENT LIMITED	Australia
130225222	MACQUARIE MIP II INVESTMENT PTY LIMITED	Australia
1.17E+08	Macquarie MLH, LLC MACQUARIE MOORE STREET PTY LIMITED	United States Australia
120070788	MACQUARIE MORTGAGES CANADA HOLDINGS PTY LIMITED	Australia
	MACQUARIE MORTGAGES FUNDING TRUST 2007-1	United States
57760175	MACQUARIE MORTGAGES PTY LIMITED	Australia
010473862-3438695	MACQUARIE MORTGAGES USA INC	United States
4.63E+06	MACQUARIE NB US HOLDINGS INC.	United States
200404077D	MACQUARIE NE HOLDINGS (SINGAPORE) PTE. LIMITED	Singapore
4.61E+06 VY	MACQUARIE NE HOLDINGS INC.	United States 13 of 34

6798497	Macquarie New World Gaming Canada Ltd.	Canada
N/A	Macquarie New World Gaming Partnership	Canada

3.35E+05	MACQUARIE NEW ZEALAND LIMITED	New Zealand
	Macquarie NM Management I, Inc	United States
	Macquarie NM Management II, Inc.	United States
6697718	Macquarie Nominees Limited (in strike off)	United Kingdom
1.24E+08	MACQUARIE NOOSA PTY LTD	Australia
3.48E+06	Macquarie North America Ltd.	Canada
1.07E+08	MACQUARIE NOTE INVESTMENTS PTY LIMITED	Australia
8595711	MACQUARIE NZ HOLDINGS PTY LIMITED	Australia
30414	MACQUARIE OFFSHORE MASTER FUND LIMITED	Bermuda
129 590 576	MACQUARIE OFFSHORE SERVICES PTY LTD	Australia
FS200805155	Macquarie Offshore Services Pty Ltd - Philippine Branch	Philippines
4.21E+06	MACQUARIE OIL AND GAS HOLDINGS INC	United States
770975-7	Macquarie Oil Services Canada Ltd	Canada
OF2150	MACQUARIE ONE LIMITED	United Arab Emirates
	Macquarie One LLC	United States
2.93E+06	MACQUARIE OPTIONS PTY. LIMITED	Australia
	Macquarie PA TAP Management I, Inc.	United States
111494172	MACQUARIE PARTNERSHIP FINANCE CO PTY LIMITED	Australia
	MACQUARIE PARTNERSHIP INVESTMENT HOLDINGS PTY LIMITED (IN
107464264	LIQUIDATION)	Australia
122169304	MACQUARIE PASTORAL SERVICES LTD	Australia
1.15E+08	MACQUARIE PAYMENTS INFRASTRUCTURE HOLDINGS PTY LIMITED	Australia
6.35E+06	MACQUARIE PETERBOROUGH HOSPITAL INVESTMENTS LIMITED	United Kingdom
1.16E+08	MACQUARIE PIB PROJECT CO A PTY LIMITED	Australia
115622458	MACQUARIE PIB PROJECT CO B PTY LIMITED	Australia

	Macquarie Platinum Katella Inc.	United States
8.33E+06	Macquarie PMI LLC	United States
	Macquarie PMI Manager LLC	United States
4768433	Macquarie Poinsettia Inc.	United States
	MACQUARIE PORTFOLIO INVESTMENTS NO.1 PTY LIMITED (IN
107464586	LIQUIDATION)	Australia
	MACQUARIE PORTFOLIO INVESTMENTS NO.2 PTY LIMITED (IN
107464540	LIQUIDATION)	Australia
	Macquarie Power LLC	United States
4.24E+06	Macquarie Power Management Ltd.	Canada
0100-01-119544	MACQUARIE PRECISION MARKETING (JAPAN) LIMITED	Japan
	MACQUARIE PRECISION MARKETING (JAPAN) LIMITED (Former Non-Bank
0199-01-119544	Group)	Japan
133 273 426	MACQUARIE PRECISION MARKETING PTY LTD	Australia
1.36E+06	Macquarie Premium Funding Inc./Financement Primes Macquarie Inc.	Canada
200703284G	MACQUARIE PRINCIPAL (SINGAPORE) PTE. LTD.	Singapore
1.13E+08	MACQUARIE PRINCIPAL PTY LIMITED	Australia
82038328	MACQUARIE PRISM PTY LIMITED	Australia
116782006	MACQUARIE PRIVATE CAPITAL MANAGEMENT LIMITED	Australia
B162599	Macquarie Private Markets Fund GP S.à r.l	Luxembourg
B162637	Macquarie Private Markets Fund S.C.A., SICAV-FIS	Luxembourg
9.00E+07	MACQUARIE PRIVATE PORTFOLIO MANAGEMENT LIMITED	Australia
1.41E+06	Macquarie Private Wealth Corp./Gestion Privee Macquarie Corp.	Canada
1745409	Macquarie Private Wealth Inc./Gestion Privee Macquarie Inc.	Canada

7.45E+07	MACQUARIE PROJECT FINANCE PTY LIMITED	Australia
64904169	MACQUARIE PROPERTY (OBU) PTY LIMITED	Australia
76560917	MACQUARIE PROPERTY FINANCE MANAGEMENT PTY LIMITED	Australia
65678962	MACQUARIE PROPERTY INTERNATIONAL PTY LIMITED	Australia
	MACQUARIE PROPERTY INVESTMENT MANAGEMENT 2 PTY LIMITED
105453736	(Former Bank Group)	Australia

120957333	MACQUARIE PROPERTY INVESTMENT MANAGEMENT 5 PTY LIMITED
	(Former Bank Group)	Australia
	MACQUARIE PROPERTY INVESTMENT MANAGEMENT 6 PTY LIMITED
120957360	(Former Bank Group)	Australia
88772203	MACQUARIE PROPERTY INVESTMENT MANAGEMENT HOLDINGS	Australia
1.14E+08	MACQUARIE QUEEN STREET PTY LIMITED (IN DEREGISTRATION)	Australia
142 083 092	MACQUARIE RADAR HOLDINGS PTY LIMITED	Australia
730170-7	Macquarie Rail Canada Limited	Canada
4039167	MACQUARIE RAIL INC.	United States
4484981	MACQUARIE RAIL MANAGEMENT LLC	United States
115220123	MACQUARIE READING PTY LIMITED	Australia
4504560	MACQUARIE REAL ESTATE ADVISORY SERVICES LLC	United States
	MACQUARIE REAL ESTATE AFRICA INVESTMENTS PTY LIMITED - IN
129 130 963	LIQUIDATION	Australia
623285	MACQUARIE REAL ESTATE ASIA LIMITED (Former Bank Group)	Hong Kong
0199-01-089825	Macquarie Real Estate Capital KK (Former Bank Group)	Japan

1.30E+08	MACQUARIE REAL ESTATE DEVELOPMENT CAPITAL (AUS) PTY LIMITED	Australia
3.46E+06 2.92E+06	MACQUARIE REAL ESTATE FINANCE INC MACQUARIE REAL ESTATE INC	United States United States

6421191	Macquarie Real Estate Investments Europe Limited	United Kingdom
104-81-74725	MACQUARIE REAL ESTATE KOREA LIMITED	Korea, Republic of

104-81-74725	MACQUARIE REAL ESTATE KOREA LIMITED (Former Bank Group)	Korea, Republic of
200509669E	MACQUARIE REAL ESTATE SINGAPORE PTE. LIMITED (In Liquidation)	Singapore
4326812	Macquarie Real Estate Telecom Holdings LLC	United States
HRB 86922	Macquarie Real Invest GmbH (in liquidation)	Germany
102368052	MACQUARIE REALTY SERVICES AUSTRALIA PTY LIMITED - IN	Australia
4.45E+06	MACQUARIE RENEWABLE ENERGY INC	United States
1.12E+08	MACQUARIE RENEWABLES HOLDINGS PTY LIMITED	Australia
125098339	MACQUARIE RESIDENTIAL (STATE) MANAGEMENT PTY LTD	Australia
1.25E+08	MACQUARIE RESIDENTIAL MANAGEMENT PTY LTD	Australia
	MACQUARIE RESIDENTIAL TRUST	Australia
672846-4	Macquarie Resource Capital Canada Ltd.	Canada
130 224 949	MACQUARIE RESOURCES INVESTMENT MANAGEMENT PTY LIMITED	Australia
7.06E+06	Macquarie Restorations Limited	United Kingdom
998584	Macquarie Retail Management (Asia) Limited	Hong Kong
1273174	MACQUARIE RETAIL REAL ESTATE MANAGEMENT LIMITED	Hong Kong
	MACQUARIE RETAIL REAL ESTATE MANAGEMENT LIMITED (Former Bank
1273174	Group)	Hong Kong
6.22E+06	MACQUARIE RISK ADVISORY SERVICES PTY LIMITED (IN LIQUIDATION)	Australia
63267032	MACQUARIE SCIENCE HOLDINGS PTY LIMITED	Australia
2.83E+06	MACQUARIE SECURITIES (AUSTRALIA) LIMITED	Australia
1748511	MACQUARIE SECURITIES (NZ) LIMITED	New Zealand
1.06E+11	MACQUARIE SECURITIES (THAILAND) LIMITED	Thailand
7.28E+06	Macquarie Securities (UK) Limited	United Kingdom
728007-6	Macquarie Securities Financing Ltd (Canada)	Canada
104-81-99444	MACQUARIE SECURITIES KOREA LIMITED	Korea, Republic of
3.44E+06	MACQUARIE SECURITIES MANAGEMENT PTY LIMITED	Australia
2006/023546/07	MACQUARIE SECURITIES SOUTH AFRICA (PROPRIETARY) LIMITED	South Africa
6.41E+05	MACQUARIE SECURITISATION (HONG KONG) LIMITED	Hong Kong
7.53E+07	MACQUARIE SECURITISATION (OBU) PTY LIMITED	Australia
3297336	MACQUARIE SECURITISATION LIMITED	Australia
010473862-3438695	Macquarie Securitization USA LLC	United States
4.96E+05 MSM081013GR9	MACQUARIE SERVICES (HONG KONG) LIMITED Macquarie Services (Mexico), S.A. de C.V.	Hong Kong Mexico
	Macquarie Services (USA) Partners	United States
11.988.470/001-21	Macquarie Servicos Agricolas Limitada	Brazil
1.25E+08	MACQUARIE SHENTON PTY LIMITED	Australia
1.28E+08	MACQUARIE SHEP INVESTMENTS PTY LIMITED	Australia
	Macquarie Sierra Investment Holdings Inc.	United States
9.67E+07	MACQUARIE SOUTH KINGSCLIFF PTY LIMITED (In Liquidation)	Australia
EC#39329	MACQUARIE SPECIALISED ASSET MANAGEMENT (BERMUDA) LIMITED	Bermuda
75295608	MACQUARIE SPECIALISED ASSET MANAGEMENT 2 LIMITED	Australia
87382965	MACQUARIE SPECIALISED ASSET MANAGEMENT LIMITED	Australia
125 574 389	MACQUARIE SPECIALIST INVESTMENTS LENDING LIMITED	Australia
	MACQUARIE STRUCTURED AND SPECIALIST INVESTMENTS HOLDINGS
86587635	PTY LIMITED	Australia
HRB 87430	Macquarie Structured Products (Europe) GmbH	Germany
6.57E+07	MACQUARIE STRUCTURED PRODUCTS (INTERNATIONAL) LIMITED	Australia
	Macquarie Structured Products (International) Limited (Registered as an
2009/012427/10	external Company in South Africa)	South Africa
8.61E+06	MACQUARIE STRUCTURED PRODUCTS AUSTRALIA PTY LIMITED	Australia
4.90E+05	Macquarie Structured Securities (Europe) Public Limited Company	Ireland
8.61E+06	MACQUARIE SWAN STREET PTY LIMITED	Australia
9.20E+07	MACQUARIE SYNDICATE MANAGEMENT PTY LTD (Former Bank Group)	Australia

92034485	MACQUARIE SYNDICATE NOMINEE PTY LTD	Australia

6.21E+07	MACQUARIE SYNDICATION (NO. 7) PTY. LIMITED (IN DEREGISTRATION)	Australia
65309033	MACQUARIE SYNDICATION (NO.12) PTY LIMITED	Australia
4668277	MACQUARIE TCG (USA) LLC	United States
392769-T	MACQUARIE TECHNOLOGIES (M) SDN BHD	Malaysia
392769-T	MACQUARIE TECHNOLOGIES (M) SDN BHD (Former Non-Bank Group)	Malaysia
C41050	MACQUARIE TECHNOLOGY HOLDINGS (MALTA) LIMITED	Malta
80218846	MACQUARIE TECHNOLOGY INVESTMENTS LIMITED	Australia
680639-2	Macquarie Technology Services (Canada) Ltd.	Canada
680639-2	Macquarie Technology Services (Canada) Ltd. (Former Non-Bank Group)	Canada
80472751	MACQUARIE TECHNOLOGY VENTURES PTY LTD	Australia
8606906	MACQUARIE THIRTY-THIRD AVIATION LEASING PTY. LIMITED	Australia
9642933	MACQUARIE TOURISM & LEISURE PTY LIMITED (IN LIQUIDATION)	Australia
	Macquarie Townsend Inc.	United States
4.60E+06	MACQUARIE TRADING HOLDINGS INC.	United States
4.24E+06	MACQUARIE TRADING SERVICES INC	United States
	MACQUARIE TREASURY AND COMMODITIES (JAPAN) LIMITED (In
0100-01-119358	Liquidation)	Japan
28999 VY	MACQUARIE TREASURY MANAGEMENT LTD.	Bermuda 15 of 34

HRB 76979	Macquarie Treuvermoegen GmbH	Germany
ARSN 103 324 821	MACQUARIE TRUE INDEX AUSTRALIAN SHARE FUND	Australia

ARSN 118 888 547	MACQUARIE TRUE INDEX CASH FUND	Australia
ARSN 093 394 793	MACQUARIE TRUE INDEX FIXED INTEREST	Australia
ARSN 099 117 558	MACQUARIE TRUE INDEX GLOBAL BOND FUND	Australia
134 225 915	MACQUARIE TRUE INDEX GLOBAL INFRASTRUCTURE SECURITIES FUND	Australia
121530041	MACQUARIE TRUE INDEX INTERNATIONAL EQUITIES FUND	Australia
ARSN 093 394 515	MACQUARIE TRUE INDEX LISTED PROPERTY	Australia
6697750	Macquarie Trustees Limited	United Kingdom

2007/035961/07	Macquarie Trustees South Africa (Proprietary) Limited	South Africa
8607109	MACQUARIE TWENTIETH AVIATION LEASING PTY. LIMITED	Australia
	MACQUARIE TWENTY-SEVENTH AVIATION LEASING PTY. LIMITED - IN
8.61E+06	LIQUIDATION	Australia
2579363	Macquarie UK Holdings Limited	United Kingdom
115219988	MACQUARIE UK PROPERTY MANAGEMENT PTY LIMITED	Australia
	Macquarie US Trading LLC	United States

261723	MACQUARIE VEHICLES (NZ) LIMITED	New Zealand
4517192	Macquarie Veridian Cove Inc.	United States
HRB 232580	Macquarie Verwaltungs GmbH	Germany
4474070	Macquarie Water Heater Rentals Holdings 2 LLC	United States
4370515	Macquarie Water Heater Rentals Holdings LLC	United States
4370511	Macquarie Water Heater Rentals LLC	United States
4684158	MACQUARIE WATERFRONT PEARL INC.	United States
213181	Macquarie Zhaopin Holdings Limited	Cayman Islands

not registered	MACQUARIE-GLOBALIS BRIC ADVANTAGE FUND (UNHEDGED)	Australia
6010500	MAIL HOLDINGS PTY LIMITED	Australia
66195	MALL Jet Partners LDC	Cayman Islands
66690	MALL Partners I, LDC	Cayman Islands
86503	MALL Partners II Limited	Cayman Islands
CR-93169	MALL Partners III Limited	Cayman Islands
54786	MALL/CL Air Leasing Cooperative Association	(Netherlands Antilles)
	MAP HOLDING TRUST	Australia
MC-257951	MAP II GP Limited	Cayman Islands

90975456	MARGIN LENDING NOMINEES PTY LIMITED	Australia
500773510 RCS Paris	MASA (France) SARL	France
500773726 RCS Paris	MASB (France) SARL	France
509 298 634 RCS Paris	MASC (France) SARL	France
LL08078	MASL (Labuan) Limited	Malaysia
446197	MASL Ireland (10) Limited	Ireland
446196	MASL Ireland (11) Limited	Ireland
446195	MASL Ireland (12) Limited	Ireland
446206	MASL Ireland (13) Limited	Ireland
446207	MASL Ireland (14) Limited	Ireland

446210	MASL Ireland (17) Limited	Ireland
446187	MASL Ireland (18) Limited	Ireland
446188	MASL Ireland (19) Limited	Ireland
446205	MASL Ireland (2) Limited	Ireland
446189	MASL Ireland (20) Limited	Ireland
446190	MASL Ireland (21) Limited	Ireland
446191	MASL Ireland (22) Limited	Ireland
446192	MASL Ireland (23) Limited	Ireland
447475	MASL Ireland (24) Limited	Ireland

447474	MASL Ireland (25) Limited	Ireland
447987	MASL Ireland (26) Limited	Ireland
448204	MASL Ireland (27) Limited	Ireland
447980	MASL Ireland (28) Limited	Ireland
447981	MASL Ireland (29) Limited	Ireland
446204	MASL Ireland (3) Limited	Ireland
447982	MASL Ireland (30) Limited	Ireland
447983	MASL Ireland (31) Limited	Ireland

447984	MASL Ireland (32) Limited	Ireland
447985	MASL Ireland (33) Limited	Ireland
451456	MASL Ireland (34) Limited	Ireland
451173	MASL Ireland (35) Limited	Ireland
452129	MASL Ireland (36) Limited	Ireland
452130	MASL Ireland (37) Limited	Ireland
453683	MASL Ireland (38) Limited	Ireland
453684	MASL Ireland (39) Limited	Ireland
446203	MASL Ireland (4) Limited	Ireland

446202	MASL Ireland (5) Limited	Ireland
446201	MASL Ireland (6) Limited	Ireland
446200	MASL Ireland (7) Limited	Ireland
446199	MASL Ireland (8) Limited	Ireland
446198	MASL Ireland (9) Limited	Ireland
556734-5524	MASL Sweden (1) AB	Sweden
556734-6068	MASL Sweden (2) AB	Sweden

556734-9310	MASL Sweden (3) AB	Sweden
556734-9328	MASL Sweden (4) AB	Sweden
556741-2498	MASL Sweden (7) AB	Sweden

556741-2506	MASL Sweden (8) AB	Sweden
6386342	MASL UK (1) Limited	United Kingdom
8607092	MBL REALTY INVESTMENT MANAGEMENT PTY. LIMITED	Australia
363941	MC CAPITAL GROUP	Ireland

69343693	MC CAPITAL HOLDINGS NO.1 PTY LIMITED	Australia
69343791	MC CAPITAL HOLDINGS NO.2 PTY LIMITED	Australia
146 752 329	MC EDUCATION HOLDINGS PTY LTD	Australia
78223382	MCF LEASING PTY LIMITED	Australia

977935	MCNEE HOLDINGS PTY LIMITED (IN LIQUIDATION)	Australia
4526019	MCP Solar Assets Partners I LLC	United States
452697	MCP Solar Assets Partners II LLC	United States
4625932	MEF US HOLDINGS INC.	United States

4866246	MEIF (UK) Limited	United Kingdom
132 468 734	MELRO HOLDCO PTY LIMITED	Australia
2223765	Merino Air Leasing, Inc.	United States
84781555	MERIT MANAGEMENT NO.1 PTY LIMITED - IN LIQUIDATION	Australia

84781493	MERIT NO.1 PTY LIMITED	Australia
0	MERIT TRUST NO. 2	Australia
200708397H	MGJ HOLDINGS PTE. LIMITED	Singapore
200708397H	MGJ HOLDINGS PTE. LIMITED (Former Bank Group)	Singapore

4346896	MGOP Feeder I GP LLC	United States
44351	MIAC GROUP LTD	Bermuda
4661999	MIAC HOLDINGS (US) INC.	United States
44352	MIAC REINSURANCE LTD	Bermuda

4662005	MIAC SERVICES INC.	United States
4323418	MIF US Investment Holdings LLC	United States
4323415	MIF US INVESTMENT PARTNERSHIP	United States
4261648	MIHI LLC	United States

0100-02-032951	MJL ACE LTD.	Japan
0100-02-032952	MJL BAY LTD.	Japan
8108745	MMT I LLC	United States
010473862-3438695	MMUSA Warehouse No. 1 LLC	United States
3613926	Mongoose Acquisition LLC	United States
		Australia

103410297	MONGOOSE PTY LTD
WK-133920	Monkwell Investments Limited	Cayman Islands
5294380968	Montebianco Sport S.R.L.	Italy
Not Registered	MOORE STREET TRUST	Australia

460268	MPFI Investments 1 Limited (in liquidation)	Ireland
451722	MPFI INVESTMENTS LIMITED	Ireland
MC-162571	MQ ABSOLUTE RETURN STRATEGIES - ASIA	Cayman Islands

	MQ Absolute Return Strategies - Asia LLC	United States
61160558	MQ CAPITAL PTY LIMITED	Australia
92552611	MQ PORTFOLIO MANAGEMENT LIMITED	Australia
200703288K	MQ SPECIALISED INVESTMENT MANAGEMENT (SINGAPORE) PTE.	Singapore
86438995	MQ SPECIALIST INVESTMENT MANAGEMENT LIMITED	Australia
U51909MH2012FTC226545	MQG Commodities (India) Private Limited	India

109837783	MREEF SSF MANAGEMENT LIMITED (Former Bank Group)	Australia
109837783	MREEF SSF MANAGEMENT PTY LIMITED (IN DEREGISTRATION)	Australia
129962269	MSI CASH TRUST	Australia
124335333	MTF HOLDINGS PTY LIMITED	Australia
117100615	MUSASHI INVESTOR PTY LIMITED (IN LIQUIDATION)	Australia

3337675	NANWAY NOMINEES PTY LIMITED	Australia
451296	NCH Symphony Limited	Ireland
4107909	NDI NO.1 LLC	United States
B132283	New World Gaming International S.a.r.l	Luxembourg
BC0883591	NWG Canada Investments Ltd.	Canada
CR-114570	O'Farrell Leasing (Holdings) Ltd.	Cayman Islands

	OLF, LLC	United States
109649292	OLICC TECHNOLOGIES PTY LTD	Australia
79630603	OMNI LEISURE OPERATIONS PTY LIMITED (In Liquidation)	Australia
	One Call Debt Help LLC	United States
131 233 719	OPEN BROADBAND AUSTRALIA PTY LTD	Australia

113519823	OT HOLDINGS PTY LIMITED	Australia
115771992	OUTPLAN PTY LIMITED	Australia
205391	OW Funding Limited	Cayman Islands
71982244	PACIFIC RIM OPERATIONS LIMITED	Australia
4444506	PADUA MG HOLDINGS LLC	United States

107805452	PARENTS@WORK PTY LIMITED	Australia
134 011 313	PARETO GLOBAL RISK ADJUSTED ALPHA TRUST	Australia
490262	Pathglade Limited	Ireland
	PELICAN WAREHOUSE TRUST NO.1	Australia
	PEREGRINE SELLER TRUST PEREGRINE SERIES TRUST 2009-1	Australia Australia

	Petro Tradelinks Inc.	United States









































































161930029	Rossignol Sci S.R.L.	Italy

	Rossignol Ski Company, Incorporated	United States
HRB 7401	Rossignol Ski Deutschland GmbH	Germany
48603C1/GBL	SAN LING INVESTMENTS LIMITED (In Liquidation)	Mauritius
3484259	SHALINA PTY LIMITED	Australia
4.72E+06	SHELBY ENERGY HOLDINGS, LLC	United States
4.64E+05	Shichi Limited	Ireland
2008/022345/07	Shieldco Securities S1 (Pty) Limited	South Africa
7163380	SiCURAnt InvestCo GP Limited	United Kingdom
606 320 174 RCS ANNECY	Skis Dynastar S.A.S.	France
835447	Skis Dynastar, Inc	United States
B 08 - 266140	Skis Rossignol de Espana, S.L.	Spain
056 502 958 RCS
GRENOBLE	Skis Rossignol S.A.S.	France
	SMART ANZ WAREHOUSE Trust	Australia
	SMART J WAREHOUSE TRUST	Australia
	SMART MBL WAREHOUSE TRUST	Australia
	SMART RBS WAREHOUSE TRUST	Australia
	SMART RESIDUAL VALUE SERIES TRUST	Australia
	SMART SERIES 2007-3E TRUST	Australia
	SMART SERIES 2008-1E TRUST	Australia
	SMART SERIES 2008-2 TRUST	Australia
	SMART SERIES 2008-3 TRUST	Australia
	SMART Series 2009-1 Trust	Australia
	SMART Series 2010-1US Trust	Australia
unlisted	SMART Series 2010-2 Trust	Australia
not registered	SMART SERIES 2011-1US TRUST	Australia
not registered	SMART Series 2011-2US Trust	Australia
	SMART Series 2011-3 Trust	Australia
	SMART Series 2011-4US Trust	Australia
unlisted	SMART Series 2012-1US Trust	Australia
320 114 937	Societe Civile Immobiliere Promo-Star	France
7815862	Solar Gateway Limited	United Kingdom
8508030	SPAL PTY LIMITED	Australia
	Specialty Finance Holdings, Inc.	United States
HRB80040	Structural Support Systems Germany GmbH	Germany
128219330 127761960	SUREPARK HOLDINGS PTY LIMITED (Former Bank Group) SurePark PTY LTD (sold 22/2/12)	Australia Australia

MC189031	SYNTHETIC ASSET FUNDING ENTITY 1 LIMITED	Cayman Islands

MC189031	SYNTHETIC ASSET FUNDING ENTITY 1 LIMITED (Former Non-Bank Group)	Cayman Islands
MC189033	SYNTHETIC ASSET FUNDING ENTITY 2 LIMITED	Cayman Islands
MC189033	SYNTHETIC ASSET FUNDING ENTITY 2 LIMITED (Non-Bank Group)	Cayman Islands
MC189031	SYNTHETIC ASSET FUNDING ENTITY 3 LIMITED	Cayman Islands
MC189031	SYNTHETIC ASSET FUNDING ENTITY 3 LIMITED (Former Non-Bank Group)	Cayman Islands
	TA Trust	Australia
0100-02-017866	TAIKANSAN KAIHATSU LIMITED	Japan
4439050 4439057	TAURUS AEROSPACE GROUP INC. TAURUS AEROSPACE GROUP LLC	United States United States

5058776 unlisted	Taurus Aerospace Holdings, LLC Taurus Enhanced Gold and Precious Metals Fund	United States Australia
	Tax Ease CA LLC	United States
	Tax Ease Employee Services Company LLC	United States
	Tax Ease FL LLC	United States
	Tax Ease Funding GP LLC	United States
	Tax Ease Funding, LP	United States
	Tax Ease Holdings LLC	United States
	Tax Ease Lien Investment 1 LLC	United States
	Tax Ease Lien Investment 3 LLC	United States
	Tax Ease Lien Investment 6 LLC	United States
	Tax Ease Lien Investment 8 LLC	United States
	Tax Ease Lien Servicing LLC	United States
	Tax Ease NY LLC	United States
	Tax Ease PA Inc	United States
	Tax Ease, LP	United States
113508160	TELBANE 2 PTY LIMITED	Australia
70142951	TELBANE PTY LTD	Australia
79630649	TEN7 PTY LIMITED	Australia
HRB80044	Tension Services Holdings GmbH	Germany
238030	Tex Funding	Cayman Islands
	Texas Rail Terminal LLC	United States
OC315196	The Bluebell Transportation LLP	United Kingdom
Not Registered	The Concept Blue Property Trust	Australia
	THE GLOBAL DEBT LIMITED PARTNERSHIP NO. 2	Australia
OC315171	The Goonzaran LLP	United Kingdom
IT1872/2007	THE MACQUARIE TOPI40 INVESTMENT TRUST THE MF TRUST	South Africa South Africa

	THE TRUSTEE FOR MACQUARIE EMERGING MARKETS
	INFRASTRUCTURE SECURITIES FUND	Australia
Not Registered	THE VICTORIA RESIDENTIAL TRUST	Australia
64721080	TOUCHSTONE MACQUARIE PTY LIMITED	Australia
64721080	TOUCHSTONE MACQUARIE PTY LIMITED (Former Bank Group)	Australia
2012853459	Tristone Capital Global Inc.	Canada
208568022	Tristone Capital Inc.	Canada
5366079	Tristone Capital Limited	United Kingdom
	Tristone Capital LLC	United States
	Tristone Capital SA (Argentine Branch)	Argentina
2012712838	Tristone Capital SA Ltd	Canada
9633603	TRYPTIC PTY LIMITED - IN LIQUIDATION	Australia
114734557	UPL (CATHERINE FIELD) PTY LIMITED	Australia
116908537	UPL (KIRRA) PTY LIMITED	Australia
116908653	UPL (NO 10) PTY LIMITED	Australia
127048659	UPL (NO 15) PTY LIMITED	Australia
127049110	UPL (NO 19) PTY LIMITED	Australia
127049254	UPL (NO 22) PTY LIMITED	Australia
116908493	UPL (NO 6) PTY LIMITED	Australia
116908582	UPL (NO 7) PTY LIMITED	Australia
116908635	UPL (NO 9) PTY LIMITED	Australia
114734986	UPL (NO. 11) PTY LIMITED	Australia
115793685	UPL (NSW) PTY LIMITED	Australia
115007933	UPL (PORTARLINGTON) PTY LIMITED (IN LIQUIDATION)	Australia
85359833	UPL (SA) PTY LIMITED	Australia
84657616	UPL (UNDERDALE) PTY LIMITED	Australia
95793141	UPL (WA) PTY LTD	Australia
115007755	UPL (WHITBY) PTY LIMITED	Australia
81119619	UPL DEVELOPMENTS PTY LIMITED	Australia
55500902	UPMILL NOMINEES PTY LIMITED	Australia
113918166	URBAN PACIFIC (BEROWRA) PTY LIMITED	Australia
115131345	URBAN PACIFIC (FLETCHER) PTY LIMITED (IN LIQUIDATION)	Australia
114197429	URBAN PACIFIC (SOMERSET) PTY LIMITED (IN LIQUIDATION)	Australia
81119495	URBAN PACIFIC PTY LIMITED	Australia
92034458	URBAN PACIFIC SPRINGTHORPE INVESTMENT PTY LIMITED	Australia
3705740	Utility Metering Services Limited	United Kingdom
	Utility Service Partners Private Label of Virginia Inc.	United States
3993140 3709191	UTILITY SERVICE PARTNERS PRIVATE LABEL, INC. UTILITY SERVICE PARTNERS, INC.	United States United States
8592916	UTOPIA PTY LIMITED	Australia
3201303	VALCORA PTY LIMITED - IN LIQUIDATION	Australia
WK-137396	Valley Leasing Limited	Cayman Islands
107-87-51612	VALUE LOAN MORTGAGE LLC	Korea, Republic of
9641196	VERSER TECHNOLOGY LIFECYCLES PTY LTD	Australia
WK-166995	West Portal Leasing Limited	Cayman Islands
54813080	WOODROSS NOMINEES PTY. LIMITED	Australia
	YAYASAN HUTAN HIJAU (Former Non-Bank Group)	Indonesia
5532426	YBR Feeder GP Limited	United Kingdom
1449995	Yorkton Capital Partners II Inc.	Canada
1430727	Yorkton Capital Partners Inc.	Canada
BIN 100829696	Yorkton Partners 2000 Fund, LP	Canada
BIN 110589777	Yorkton Partners 2001 Fund, LP	Canada
BIN: 101242931	Yorkton Private Equity Limited Partnership	Canada
BIN: 110078755	Yorkton Private Equity Non-Resident Limited Partnership	Canada
2798503	ZELENKA PTY LIMITED - IN LIQUIDATION	Australia
4721409	ZODIAC ENERGY HOLDINGS, LLC (Merged 01/02/2012)	United States

ANNEXURE 'B'

This is the annexure marked 'B' of 13 page(s) referred to in the Notice of change of interests of substantial holder.

Dennis Leong Company Secretary, Macquarie Group Limited 9 May 2012

Consideration

Date of	Person whose relevant	Number of securities	Class Person's votes
change	interest changed	affected	affected


















			18



			18
			154



			74,974
			264,648
			270
			104,878
			1,021
			1,586
			999
			1,620
			47,554
			195,985
			180,355
			743,302
			3,437
			1,341
			71,274
			293,743
			71,638
			295,242
			79,532
			327,778
			4,069
			43,033
			82,911
			341,706
			19,225
			10,073

Date of	Person whose relevant	Nature of change	Consideration	Number of securities		Class Person's votes
change 13-Apr-12	interest changed MFMHK	On Market Purchase	AUD 1.47	affected 10,012	FPS	affected 10,012
13-Apr-12	MFMHK	On Market Purchase	AUD 1.47	50,000	FPS	50,000
13-Apr-12	MFMHK	On Market Purchase	AUD 1.47	15,773	FPS	15,773
16-Apr-12	MFMHK	On Market Purchase	AUD 1.48	66,000	FPS	66,000
16-Apr-12	MFMHK	On Market Purchase	AUD 1.48	15,115	FPS	15,115
16-Apr-12	MFMHK	On Market Purchase	AUD 1.48	20,821	FPS	20,821
16-Apr-12	MFMHK	On Market Purchase	AUD 1.48	13,216	FPS	13,216
18-Apr-12	MFMHK	On Market Sale	AUD 1.48	-4,472	FPS	4,472
26-Apr-12	MFMHK	On Market Purchase	AUD 1.42	61,754	FPS	61,754
01-May-12	MFMHK	On Market Purchase	AUD 1.46	72,759	FPS	72,759
01-May-12	MFMHK	On Market Purchase	AUD 1.46	32,371	FPS	32,371
02-May-12	MFMHK	On Market Sale	AUD 1.43	-17,223	FPS	17,223
02-May-12	MFMHK	On Market Purchase	AUD 1.43	70,811	FPS	70,811
29-Mar-12	MCIML	Inspecie transfer out to client	AUD 1.46	-567,889	FPS	567,889
29-Mar-12 29-Mar-12	MCIML MCIML	On Market Sale On Market Sale	AUD 1.48 AUD 1.48	-10,464 -31,886	FPS FPS	10,464 31,886
30-Mar-12	MCIML	On Market Sale	AUD 1.49	-121,703	FPS	121,703
30-Mar-12	MCIML	On Market Sale	AUD 1.49	-144,482	FPS	144,482
30-Mar-12	MCIML	On Market Sale	AUD 1.49	-45,836	FPS	45,836
30-Mar-12	MCIML	On Market Sale	AUD 1.49	-139,680	FPS	139,680
02-Apr-12	MCIML	On Market Sale	AUD 1.51	-110,876	FPS	110,876
02-Apr-12	MCIML	On Market Sale	AUD 1.51	-131,629	FPS	131,629
04-Apr-12	MCIML	On Market Sale	AUD 1.54	-272,216	FPS	272,216
05-Apr-12	MCIML	On Market Sale	AUD 1.53	-274,750	FPS	274,750
10-Apr-12	MCIML	On Market Sale	AUD 1.52	-185,151	FPS	185,151
11-Apr-12	MCIML	On Market Sale	AUD 1.50	-154,752	FPS	154,752
19-Apr-12	MCIML	On Market Sale	AUD 1.45	-101,454	FPS	101,454
19-Apr-12	MCIML	On Market Sale	AUD 1.45	-120,278	FPS	120,278
19-Apr-12 20-Apr-12	MCIML MCIML	On Market Purchase On Market Purchase	AUD 1.46 AUD 1.38	186,083 22,718	FPS FPS	186,083 22,718
20-Apr-12	MCIML	On Market Purchase	AUD 1.38	7,390	FPS	7,390
23-Apr-12	MCIML	On Market Purchase	AUD 1.38	50,120	FPS	50,120
23-Apr-12	MCIML	On Market Sale	AUD 1.41	-33,276	FPS	33,276
23-Apr-12	MCIML	On Market Sale	AUD 1.41	-39,450	FPS	39,450
24-Apr-12	MCIML	On Market Purchase	AUD 1.38	59,267	FPS	59,267
24-Apr-12	MCIML	On Market Purchase	AUD 1.38	26,085	FPS	26,085
26-Apr-12	MCIML	On Market Sale	AUD 1.42	-176,556	FPS	176,556
26-Apr-12	MCIML	On Market Sale	AUD 1.42	-9,403	FPS	9,403
26-Apr-12	MCIML	On Market Sale	AUD 1.42 AUD 1.42	-11,148 -28,748	FPS FPS	11,148 28,748
27-Apr-12 27-Apr-12	MCIML MCIML	On Market Sale On Market Sale	AUD 1.42	-34,082	FPS	34,082
30-Apr-12	MCIML	On Market Sale	AUD 1.45	-82,419	FPS	82,419
30-Apr-12	MCIML	On Market Sale	AUD 1.45	-98,685	FPS	98,685
02-May-12	MCIML	On Market Sale	AUD 1.43	-47,291	FPS	47,291
02-May-12	MCIML	On Market Sale	AUD 1.43	-4,646	FPS	4,646
02-May-12	MCIML	On Market Sale	AUD 1.43	-17,546	FPS	17,546
02-May-12	MCIML	On Market Sale	AUD 1.43	-44,220	FPS	44,220
02-May-12	MCIML	On Market Sale	AUD 1.43	-52,533	FPS	52,533
02-May-12 03-May-12	MCIML MCIML	On Market Sale On Market Sale	AUD 1.43 AUD 1.42	-22,346 -179,358	FPS FPS	22,346 179,358
03-May-12	MCIML	On Market Sale	AUD 1.42	-17,619	FPS	17,619
03-May-12	MCIML	On Market Sale	AUD 1.42	-66,546	FPS	66,546
03-May-12	MCIML	On Market Sale	AUD 1.42	-167,710	FPS	167,710
03-May-12	MCIML	On Market Sale	AUD 1.42	-199,237	FPS	199,237
03-May-12	MCIML	On Market Sale	AUD 1.42	-84,752	FPS	84,752
04-May-12	MCIML	On Market Sale	AUD 1.42	-33,493	FPS	33,493
04-May-12	MCIML	On Market Sale	AUD 1.42	-6,963	FPS	6,963
04-May-12	MCIML	On Market Sale	AUD 1.42	-70,880	FPS	70,880
04-May-12 04-May-12	MCIML MCIML	On Market Sale On Market Sale	AUD 1.42 AUD 1.42	-26,298 -66,277	FPS FPS	26,298 66,277
04-May-12	MCIML	On Market Sale	AUD 1.42	-78,736	FPS	78,736
04-May-12	MCIML	On Market Sale	AUD 1.42	-71,242	FPS	71,242
04-May-12	MCIML	On Market Sale	AUD 1.42	-6,999	FPS	6,999
04-May-12	MCIML	On Market Sale	AUD 1.42	-26,432	FPS	26,432
04-May-12	MCIML	On Market Sale	AUD 1.42	-66,615	FPS	66,615
04-May-12	MCIML	On Market Sale	AUD 1.42 AUD 1.42	-79,138 -33,664	FPS FPS	79,138 33,664
04-May-12 07-May-12	MCIML MCIML	On Market Sale On Market Sale	AUD 1.40	-37,373	FPS	37,373
07-May-12	MCIML	On Market Sale	AUD 1.40	-7,769	FPS	7,769
07-May-12	MCIML	On Market Sale	AUD 1.40	-79,093	FPS	79,093
07-May-12	MCIML	On Market Sale	AUD 1.40	-29,345	FPS	29,345
07-May-12	MCIML	On Market Sale	AUD 1.40	-73,956	FPS	73,956
07-May-12	MCIML	On Market Sale	AUD 1.40	-87,858	FPS	87,858
07-May-12 07-May-12	MCIML MCIML	On Market Sale On Market Sale	AUD 1.41 AUD 1.41	-82,453 -8,100	FPS FPS	82,453 8,100
07-May-12	MCIML	On Market Sale	AUD 1.41	-30,592	FPS	30,592
	VY					22 of 34

Date of	Person whose relevant	Nature of change	Consideration	Number of securities		Class Person's votes
change	interest changed			affected		affected
07-May-12	MCIML	On Market Sale	AUD 1.41	-77,099	FPS	77,099
07-May-12 07-May-12	MCIML MCIML	On Market Sale On Market Sale	AUD 1.41 AUD 1.41	-91,592 -38,961	FPS FPS	91,592 38,961
30-Mar-12	MCIM	On Market Sale	AUD 1.49	-20,988	FPS	20,988
30-Mar-12	MCIM	On Market Sale	AUD 1.49	-371,413	FPS	371,413
02-Apr-12	MCIM	On Market Sale	AUD 1.51	-19,121	FPS	19,121
02-Apr-12	MCIM	On Market Sale	AUD 1.51	-338,374	FPS	338,374
03-Apr-12	MCIM	Inspecie transfer out to client	AUD 1.54	-94,894	FPS	94,894
04-Apr-12	MCIM	On Market Sale	AUD 1.53	-40,727	FPS	40,727
12-Apr-12	MCIM	On Market Sale	AUD 1.48	-52,872	FPS	52,872
17-Apr-12	MCIM	On Market Sale	AUD 1.49	-170,673	FPS	170,673
19-Apr-12	MCIM	On Market Sale	AUD 1.45	-17,635	FPS	17,635
19-Apr-12	MCIM	On Market Sale	AUD 1.45	-225,534	FPS	225,534
19-Apr-12	MCIM	On Market Sale	AUD 1.45	-648,280	FPS	648,280
23-Apr-12 23-Apr-12	MCIM MCIM	On Market Sale On Market Sale	AUD 1.41 AUD 1.41	-73,973 -212,630	FPS FPS	73,973 212,630
26-Apr-12	MCIM	On Market Sale	AUD 1.42	-20,904	FPS	20,904
26-Apr-12	MCIM	On Market Sale	AUD 1.42	-60,086	FPS	60,086
27-Apr-12	MCIM	On Market Sale	AUD 1.42	-63,907	FPS	63,907
27-Apr-12	MCIM	On Market Sale	AUD 1.42	-183,694	FPS	183,694
27-Apr-12	MCIM	On Market Sale	AUD 1.42	-12,415	FPS	12,415
30-Apr-12	MCIM	On Market Sale	AUD 1.45	-14,488	FPS	14,488
30-Apr-12	MCIM	On Market Sale	AUD 1.45	-497,050	FPS	497,050
02-May-12	MCIM	On Market Sale	AUD 1.43	-113,208	FPS	113,208
02-May-12	MCIM	On Market Sale	AUD 1.43	-35,207	FPS	35,207
02-May-12 02-May-12	MCIM MCIM	On Market Sale On Market Sale	AUD 1.43 AUD 1.43	-9,978 -33,513	FPS FPS	9,978 33,513
02-May-12	MCIM	On Market Sale	AUD 1.43	-221,295	FPS	221,295
02-May-12	MCIM	On Market Sale	AUD 1.43	-31,580	FPS	31,580
02-May-12	MCIM	On Market Sale	AUD 1.43	-9,328	FPS	9,328
02-May-12	MCIM	On Market Sale	AUD 1.43	-24,534	FPS	24,534
02-May-12	MCIM	On Market Sale	AUD 1.43	-76,767	FPS	76,767
03-May-12	MCIM	On Market Sale	AUD 1.42	-31,047	FPS	31,047
03-May-12	MCIM	On Market Sale	AUD 1.42	-429,357	FPS	429,357
03-May-12 03-May-12	MCIM MCIM	On Market Sale On Market Sale	AUD 1.42 AUD 1.42	-133,528 -37,843	FPS FPS	133,528 37,843
03-May-12	MCIM	On Market Sale	AUD 1.42	-127,104	FPS	127,104
03-May-12	MCIM	On Market Sale	AUD 1.42	-839,294	FPS	839,294
03-May-12	MCIM	On Market Sale	AUD 1.42	-119,770	FPS	119,770
03-May-12	MCIM	On Market Sale	AUD 1.42	-35,378	FPS	35,378
03-May-12	MCIM	On Market Sale	AUD 1.42	-93,047	FPS	93,047
03-May-12	MCIM	On Market Sale	AUD 1.42	-291,149	FPS	291,149
04-May-12 04-May-12	MCIM MCIM	On Market Sale On Market Sale	AUD 1.42 AUD 1.42	-169,676 -52,768	FPS FPS	169,676 52,768
04-May-12	MCIM	On Market Sale	AUD 1.42	-14,955	FPS	14,955
04-May-12	MCIM	On Market Sale	AUD 1.42	-50,230	FPS	50,230
04-May-12	MCIM	On Market Sale	AUD 1.42	-331,677	FPS	331,677
04-May-12	MCIM	On Market Sale	AUD 1.42	-115,058	FPS	115,058
04-May-12	MCIM	On Market Sale	AUD 1.42	-47,331	FPS	47,331
04-May-12	MCIM	On Market Sale	AUD 1.42	-13,981	FPS	13,981
04-May-12	MCIM	On Market Sale	AUD 1.42	-12,269	FPS	12,269
04-May-12	MCIM	On Market Sale	AUD 1.42	-36,772	FPS	36,772
04-May-12 04-May-12	MCIM MCIM	On Market Sale On Market Sale	AUD 1.42 AUD 1.42	-12,332 -170,542	FPS FPS	12,332 170,542
04-May-12	MCIM	On Market Sale	AUD 1.42	-53,038	FPS	53,038
04-May-12	MCIM	On Market Sale	AUD 1.42	-15,031	FPS	15,031
04-May-12	MCIM	On Market Sale	AUD 1.42	-50,486	FPS	50,486
04-May-12	MCIM	On Market Sale	AUD 1.42	-333,371	FPS	333,371
04-May-12	MCIM	On Market Sale	AUD 1.42	-47,573	FPS	47,573
04-May-12	MCIM	On Market Sale	AUD 1.42	-14,052	FPS	14,052
04-May-12	MCIM	On Market Sale	AUD 1.42	-36,959	FPS	36,959
04-May-12	MCIM	On Market Sale	AUD 1.42	-115,646	FPS	115,646
07-May-12	MCIM	On Market Sale	AUD 1.40	-189,336	FPS	189,336
07-May-12	MCIM	On Market Sale	AUD 1.40 AUD 1.40	-58,883 -16,688	FPS FPS	58,883 16,688
07-May-12 07-May-12	MCIM MCIM	On Market Sale On Market Sale	AUD 1.40	-56,050	FPS	56,050
07-May-12	MCIM	On Market Sale	AUD 1.40	-370,108	FPS	370,108
07-May-12	MCIM	On Market Sale	AUD 1.40	-128,389	FPS	128,389
07-May-12	MCIM	On Market Sale	AUD 1.40	-52,816	FPS	52,816
07-May-12	MCIM	On Market Sale	AUD 1.40	-15,601	FPS	15,601
07-May-12	MCIM	On Market Sale	AUD 1.40	-13,691	FPS	13,691
07-May-12 07-May-12	MCIM MCIM	On Market Sale On Market Sale	AUD 1.40 AUD 1.41	-41,032 -14,272	FPS FPS	41,032 14,272
07-May-12	MCIM	On Market Sale	AUD 1.41	-197,381	FPS	197,381
07-May-12	MCIM	On Market Sale	AUD 1.41	-61,385	FPS	61,385
07-May-12	MCIM	On Market Sale	AUD 1.41	-17,397	FPS	17,397
	VY					23 of 34

Date of	Person whose relevant	Nature of change	Consideration	Number of securities		Class Person's votes
change	interest changed			affected		affected
07-May-12	MCIM	On Market Sale	AUD 1.41	-58,431	FPS	58,431
07-May-12	MCIM	On Market Sale	AUD 1.41	-385,835	FPS	385,835
07-May-12	MCIM	On Market Sale	AUD 1.41	-55,060	FPS	55,060
07-May-12	MCIM	On Market Sale	AUD 1.41	-16,264	FPS	16,264
07-May-12	MCIM	On Market Sale	AUD 1.41	-42,775	FPS	42,775
07-May-12	MCIM	On Market Sale	AUD 1.41	-133,845	FPS	133,845
29-Mar-12	MBL	On market purchase	AUD 1.46	1,281.00	FPS	1,281
29-Mar-12	MBL	On market sale	AUD 1.47	-2,423.00	FPS	2,423
29-Mar-12	MBL	On market purchase	AUD 1.48	1,344.00	FPS	1,344
29-Mar-12	MBL	On market purchase	AUD 1.48	842	FPS	842
29-Mar-12	MBL	On market sale	AUD 1.49	-839	FPS	839
29-Mar-12	MBL	On market purchase	AUD 1.48	1,792.00	FPS	1,792
29-Mar-12	MBL	On market purchase	AUD 1.48	2,710.00	FPS	2,710
29-Mar-12	MBL	On market sale	AUD 1.48	-2,276.00	FPS	2,276
29-Mar-12	MBL	On market purchase	AUD 1.47	4,864.00	FPS	4,864
29-Mar-12	MBL	On market sale	AUD 1.48	-1,271.00	FPS	1,271
29-Mar-12	MBL	On market sale	AUD 1.46	-13,167.00	FPS	13,167
29-Mar-12	MBL	On market sale	AUD 1.48	-1,518.00	FPS	1,518
29-Mar-12	MBL	On market sale	AUD 1.48	-1,690.00	FPS	1,690
29-Mar-12	MBL	On market purchase	AUD 1.48	4,581.00	FPS	4,581
29-Mar-12	MBL	On market purchase	AUD 1.46	3,120.00	FPS	3,120
29-Mar-12 30-Mar-12	MBL MBL	On market purchase On market purchase	AUD 1.46 AUD 1.47	2,650.00 437	FPS FPS	2,650 437
30-Mar-12	MBL	On market sale	AUD 1.47	-1,933.00	FPS	1,933
30-Mar-12	MBL	On market purchase	AUD 1.48	1,541.00	FPS	1,541
30-Mar-12	MBL	On market sale	AUD 1.48	-869	FPS	869
30-Mar-12	MBL	On market purchase	AUD 1.48	3,391.00	FPS	3,391
30-Mar-12	MBL	On market purchase	AUD 1.48	585	FPS	585
30-Mar-12	MBL	On market sale	AUD 1.49	-2,605.00	FPS	2,605
30-Mar-12	MBL	On market purchase	AUD 1.50	2,163.00	FPS	2,163
30-Mar-12	MBL	On market sale	AUD 1.50	-947	FPS	947
30-Mar-12	MBL	On market sale	AUD 1.50	-1,099.00	FPS	1,099
30-Mar-12	MBL	On market purchase	AUD 1.49	901	FPS	901
30-Mar-12	MBL	On market purchase	AUD 1.49	1,377.00	FPS	1,377
30-Mar-12	MBL	On market sale	AUD 1.50	-5,769.00	FPS	5,769
30-Mar-12	MBL	On market purchase	AUD 1.50	8,828.00	FPS	8,828
30-Mar-12	MBL	On market sale	AUD 1.50	-2,583.00	FPS	2,583
30-Mar-12	MBL	On market purchase	AUD 1.49	1,994.00	FPS	1,994
30-Mar-12	MBL	On market purchase	AUD 1.50	7,486.00	FPS	7,486
30-Mar-12	MBL MBL	On market sale	AUD 1.50 AUD 1.51	-12,898.00	FPS FPS	12,898 636
02-Apr-12 02-Apr-12	MBL	On market sale On market purchase	AUD 1.51	-636 61,200.00	FPS	61,200
02-Apr-12	MBL	On market sale	AUD 1.51	-3,822.00	FPS	3,822
02-Apr-12	MBL	On market purchase	AUD 1.51	34,058.00	FPS	34,058
02-Apr-12	MBL	On market purchase	AUD 1.52	1,295.00	FPS	1,295
02-Apr-12	MBL	On market sale	AUD 1.52	-2,124.00	FPS	2,124
02-Apr-12	MBL	On market sale	AUD 1.52	-4,273.00	FPS	4,273
02-Apr-12	MBL	On market purchase	AUD 1.52	10,361.00	FPS	10,361
02-Apr-12	MBL	On market purchase	AUD 1.52	4,883.00	FPS	4,883
02-Apr-12	MBL	On market sale	AUD 1.52	-6,519.00	FPS	6,519
02-Apr-12	MBL	On market purchase	AUD 1.50	57,221.00	FPS	57,221
02-Apr-12	MBL	On market purchase	AUD 1.50	1,252.00	FPS	1,252
02-Apr-12	MBL	On market sale	AUD 1.50	-2,137.00	FPS	2,137
02-Apr-12	MBL	On market purchase	AUD 1.50	19,500.00	FPS	19,500
02-Apr-12	MBL	On market sale	AUD 1.49	-79,112.00	FPS	79,112
02-Apr-12 02-Apr-12	MBL MBL	On market purchase On market sale	AUD 1.49 AUD 1.49	3,334.00 -888	FPS FPS	3,334 888
02-Apr-12	MBL	On market purchase	AUD 1.49	80,000.00	FPS	80,000
02-Apr-12	MBL	On market purchase	AUD 1.50	1,252.00	FPS	1,252
02-Apr-12	MBL	On market sale	AUD 1.50	-813	FPS	813
02-Apr-12	MBL	On market sale	AUD 1.51	-1,338.00	FPS	1,338
02-Apr-12	MBL	On market purchase	AUD 1.51	100,000.00	FPS	100,000
02-Apr-12	MBL	On market purchase	AUD 1.51	1,010.00	FPS	1,010
02-Apr-12	MBL	On market sale	AUD 1.51	-100,000.00	FPS	100,000
02-Apr-12	MBL	On market purchase	AUD 1.51	3,506.00	FPS	3,506
02-Apr-12	MBL	On market sale	AUD 1.51	-100,000.00	FPS	100,000
02-Apr-12	MBL	On market purchase	AUD 1.51	2,335.00	FPS	2,335
02-Apr-12	MBL	On market purchase	AUD 1.51	100,000.00	FPS	100,000
02-Apr-12	MBL	On market purchase	AUD 1.51	1,252.00	FPS	1,252
02-Apr-12	MBL	On market purchase	AUD 1.51	1,670.00	FPS	1,670
02-Apr-12	MBL	On market sale	AUD 1.51	-100,000.00	FPS	100,000
02-Apr-12	MBL	On market purchase	AUD 1.51	34,413.00	FPS	34,413
02-Apr-12	MBL	On market purchase	AUD 1.51	27,676.00	FPS	27,676
02-Apr-12	MBL	On market sale	AUD 1.51	-102,072.00	FPS	102,072
02-Apr-12	MBL	On market purchase	AUD 1.51	3,281.00	FPS	3,281
02-Apr-12	MBL	On market purchase	AUD 1.51	1,020.00	FPS	1,020

Date of change	Person whose relevant interest changed	Nature of change	Consideration	Number of securities affected		Class Person's votes affected
02-Apr-12	MBL	On market purchase	AUD 1.51	22,493.00	FPS	22,493
02-Apr-12	MBL	On market purchase	AUD 1.51	4,806.00	FPS	4,806
02-Apr-12	MBL	On market sale	AUD 1.51	-10,000.00	FPS	10,000
02-Apr-12	MBL	On market purchase	AUD 1.51	1,252.00	FPS	1,252
02-Apr-12	MBL	On market purchase	AUD 1.51	630	FPS	630
02-Apr-12	MBL	On market purchase	AUD 1.50	57,221.00	FPS	57,221
02-Apr-12	MBL	On market purchase	AUD 1.51	47,331.00	FPS	47,331
02-Apr-12	MBL	On market purchase	AUD 1.51	18,512.00	FPS	18,512
02-Apr-12	MBL	On market purchase	AUD 1.51	250	FPS	250
02-Apr-12	MBL	On market sale	AUD 1.51	-10,000.00	FPS	10,000
02-Apr-12	MBL	On market sale	AUD 1.51	-205,000.00	FPS	205,000
02-Apr-12	MBL	On market purchase	AUD 1.51	90,000.00	FPS	90,000
02-Apr-12	MBL	On market purchase	AUD 1.51	1,252.00	FPS	1,252
02-Apr-12	MBL MBL	On market purchase	AUD 1.51 AUD 1.51	7	FPS FPS	7 1,260
02-Apr-12 02-Apr-12	MBL	On market purchase On market purchase	AUD 1.51	1,260.00 282,042.00	FPS	282,042
02-Apr-12	MBL	On market sale	AUD 1.51	-200,000.00	FPS	200,000
03-Apr-12	MBL	On market purchase	AUD 1.52	626	FPS	626
03-Apr-12	MBL	On market sale	AUD 1.52	-1,136.00	FPS	1,136
03-Apr-12	MBL	On market sale	AUD 1.52	-3,070.00	FPS	3,070
03-Apr-12	MBL	On market purchase	AUD 1.52	138,664.00	FPS	138,664
03-Apr-12	MBL	On market purchase	AUD 1.52	3,356.00	FPS	3,356
03-Apr-12	MBL	On market purchase	AUD 1.52	6,778.00	FPS	6,778
03-Apr-12	MBL	On market sale	AUD 1.52	-44,990.00	FPS	44,990
03-Apr-12	MBL	On market sale	AUD 1.52	-3,636.00	FPS	3,636
03-Apr-12	MBL	On market purchase	AUD 1.52	1,749.00	FPS	1,749
03-Apr-12	MBL	On market purchase	AUD 1.52	43,931.00	FPS	43,931
03-Apr-12	MBL	On market purchase	AUD 1.52	864	FPS	864
03-Apr-12 03-Apr-12	MBL MBL	On market sale On market sale	AUD 1.51 AUD 1.52	-200,000.00 -866	FPS FPS	200,000 866
03-Apr-12	MBL	On market purchase	AUD 1.51	314,058.00	FPS	314,058
03-Apr-12	MBL	On market purchase	AUD 1.51	10,721.00	FPS	10,721
03-Apr-12	MBL	On market purchase	AUD 1.52	2,000.00	FPS	2,000
03-Apr-12	MBL	On market sale	AUD 1.52	-1,088.00	FPS	1,088
03-Apr-12	MBL	On market purchase	AUD 1.52	1,726.00	FPS	1,726
03-Apr-12	MBL	On market sale	AUD 1.52	-100,000.00	FPS	100,000
03-Apr-12	MBL	On market purchase	AUD 1.52	102,049.00	FPS	102,049
03-Apr-12	MBL	On market sale	AUD 1.52	-1,483.00	FPS	1,483
03-Apr-12	MBL	On market purchase	AUD 1.52	28,650.00	FPS	28,650
03-Apr-12	MBL	On market purchase	AUD 1.52	50,000.00	FPS	50,000
03-Apr-12 03-Apr-12	MBL MBL	On market sale On market purchase	AUD 1.53 AUD 1.53	-819 100,000.00	FPS FPS	819 100,000
03-Apr-12	MBL	On market purchase	AUD 1.53	50,000.00	FPS	50,000
03-Apr-12	MBL	On market purchase	AUD 1.53	873	FPS	873
03-Apr-12	MBL	On market purchase	AUD 1.53	51,500.00	FPS	51,500
03-Apr-12	MBL	On market purchase	AUD 1.53	50,000.00	FPS	50,000
03-Apr-12	MBL	On market purchase	AUD 1.53	4,130.00	FPS	4,130
03-Apr-12	MBL	On market sale	AUD 1.53	-2,103.00	FPS	2,103
03-Apr-12	MBL	On market sale	AUD 1.53	-100,000.00	FPS	100,000
03-Apr-12	MBL	On market sale	AUD 1.53	-681	FPS	681
03-Apr-12	MBL	On market sale	AUD 1.53	-100,000.00	FPS	100,000
03-Apr-12	MBL	On market purchase	AUD 1.53	100,000.00	FPS	100,000
03-Apr-12 03-Apr-12	MBL MBL	On market purchase On market purchase	AUD 1.53 AUD 1.53	2,346.00 100,000.00	FPS FPS	2,346 100,000
03-Apr-12	MBL	On market purchase	AUD 1.53	51,000.00	FPS	51,000
03-Apr-12	MBL	On market purchase	AUD 1.53	77,250.00	FPS	77,250
03-Apr-12	MBL	On market sale	AUD 1.53	-5,390.00	FPS	5,390
03-Apr-12	MBL	On market purchase	AUD 1.53	50,000.00	FPS	50,000
03-Apr-12	MBL	On market purchase	AUD 1.53	3,393.00	FPS	3,393
03-Apr-12	MBL	On market sale	AUD 1.53	-873	FPS	873
03-Apr-12	MBL	On market sale	AUD 1.53	-7,486.00	FPS	7,486
03-Apr-12	MBL	On market sale	AUD 1.53	-2,191.00	FPS	2,191
03-Apr-12	MBL	On market purchase	AUD 1.53	482,854.00	FPS	482,854
03-Apr-12	MBL MBL	On market purchase	AUD 1.53 AUD 1.53	3,924.00	FPS FPS	3,924 550,000
03-Apr-12 03-Apr-12	MBL	On market sale On market sale	AUD 1.54	-550,000.00 -5,551.00	FPS	5,551
03-Apr-12	MBL	On market sale	AUD 1.54	-19,500.00	FPS	19,500
03-Apr-12	MBL	On market sale	AUD 1.54	-3,004.00	FPS	3,004
03-Apr-12	MBL	On market purchase	AUD 1.54	348,197.00	FPS	348,197
03-Apr-12	MBL	On market sale	AUD 1.52	-1,020,000.00	FPS	1,020,000
03-Apr-12	MBL	On market purchase	AUD 1.52	28,650.00	FPS	28,650
03-Apr-12	MBL	On market purchase	AUD 1.52	28,650.00	FPS	28,650
04-Apr-12	MBL	On market sale	AUD 1.52	-1,251.00	FPS	1,251
04-Apr-12	MBL	On market purchase	AUD 1.53	424	FPS	424
04-Apr-12 04-Apr-12	MBL MBL	On market purchase On market purchase	AUD 1.53 AUD 1.54	1,251.00 1,702.00	FPS FPS	1,251 1,702
	VY					25 of 34

Date of	Person whose relevant	Nature of change	Consideration	Number of securities		Class Person's votes
change 04-Apr-12	interest changed MBL	On market sale	AUD 1.54	affected -1,072.00	FPS	affected 1,072
04-Apr-12	MBL	On market sale	AUD 1.55	-644	FPS	644
04-Apr-12	MBL	On market sale	AUD 1.55	-655	FPS	655
04-Apr-12	MBL	On market purchase	AUD 1.55	1,690.00	FPS	1,690
04-Apr-12	MBL	On market purchase	AUD 1.55	2,630.00	FPS	2,630
04-Apr-12	MBL	On market purchase	AUD 1.54	10	FPS	10
04-Apr-12	MBL	On market purchase	AUD 1.54	250,000.00	FPS	250,000
04-Apr-12	MBL	On market sale	AUD 1.53	-19,506.00	FPS	19,506
04-Apr-12	MBL	On market purchase	AUD 1.53	673	FPS	673
04-Apr-12	MBL	On market purchase	AUD 1.53	1,251.00	FPS	1,251
04-Apr-12	MBL	On market sale	AUD 1.53	-398,109.00	FPS	398,109
04-Apr-12	MBL	On market purchase	AUD 1.53	375,000.00	FPS	375,000
04-Apr-12	MBL	On market purchase	AUD 1.53	1,252.00	FPS	1,252
04-Apr-12	MBL	On market sale	AUD 1.53	-4,758.00	FPS	4,758
04-Apr-12	MBL	On market sale	AUD 1.53	-126,051.00	FPS	126,051
04-Apr-12	MBL	On market purchase	AUD 1.54	28,599.00	FPS	28,599
04-Apr-12	MBL	On market purchase	AUD 1.54	28,599.00	FPS	28,599
04-Apr-12	MBL	On market sale	AUD 1.54	-207,385.00	FPS	207,385
05-Apr-12	MBL	On market purchase	AUD 1.53	126,051.00	FPS	126,051
05-Apr-12	MBL	On market sale	AUD 1.53	-126,051.00	FPS	126,051
05-Apr-12	MBL	On market sale	AUD 1.53	-626	FPS	626
05-Apr-12	MBL	On market purchase	AUD 1.53	4,035.00	FPS	4,035
05-Apr-12 05-Apr-12	MBL MBL	On market sale On market purchase	AUD 1.53 AUD 1.53	-4,035.00 66,051.00	FPS FPS	4,035 66,051
05-Apr-12	MBL	On market purchase	AUD 1.53	1,472.00	FPS	1,472
05-Apr-12	MBL	On market sale	AUD 1.53	-1,654.00	FPS	1,654
05-Apr-12	MBL	On market sale	AUD 1.54	-407	FPS	407
05-Apr-12	MBL	On market purchase	AUD 1.54	424	FPS	424
05-Apr-12	MBL	On market purchase	AUD 1.54	25,169.00	FPS	25,169
05-Apr-12	MBL	On market purchase	AUD 1.54	1,251.00	FPS	1,251
05-Apr-12	MBL	On market sale	AUD 1.54	-852	FPS	852
05-Apr-12	MBL	On market purchase	AUD 1.54	34,831.00	FPS	34,831
05-Apr-12	MBL	On market purchase	AUD 1.54	1,030.00	FPS	1,030
05-Apr-12	MBL	On market purchase	AUD 1.54	2,959.00	FPS	2,959
05-Apr-12	MBL	On market purchase	AUD 1.54	1,279.00	FPS	1,279
05-Apr-12	MBL	On market purchase	AUD 1.53	2,502.00	FPS	2,502
05-Apr-12	MBL	On market sale	AUD 1.54	-855	FPS	855
05-Apr-12	MBL	On market purchase	AUD 1.53	1,690.00	FPS	1,690
05-Apr-12	MBL MBL	On market purchase	AUD 1.54 AUD 1.53	750	FPS FPS	750 4,560
05-Apr-12 05-Apr-12	MBL	On market sale On market purchase	AUD 1.54	-4,560.00 1,252.00	FPS	1,252
05-Apr-12	MBL	On market sale	AUD 1.54	-1,660.00	FPS	1,660
05-Apr-12	MBL	On market purchase	AUD 1.54	2,968.00	FPS	2,968
05-Apr-12	MBL	On market purchase	AUD 1.53	28,619.00	FPS	28,619
05-Apr-12	MBL	On market purchase	AUD 1.53	28,619.00	FPS	28,619
05-Apr-12	MBL	On market sale	AUD 1.53	-1,755.00	FPS	1,755
05-Apr-12	MBL	On market purchase	AUD 1.53	1,646.00	FPS	1,646
05-Apr-12	MBL	On market purchase	AUD 1.53	1,251.00	FPS	1,251
05-Apr-12	MBL	On market purchase	AUD 1.54	1,133.00	FPS	1,133
05-Apr-12	MBL	On market sale	AUD 1.54	-767	FPS	767
05-Apr-12	MBL	On market purchase	AUD 1.54	1,230.00	FPS	1,230
05-Apr-12	MBL	On market sale	AUD 1.54	-1,011.00	FPS	1,011
05-Apr-12 05-Apr-12	MBL MBL	On market purchase On market purchase	AUD 1.54 AUD 1.53	680 1,876.00	FPS FPS	680 1,876
05-Apr-12	MBL	On market purchase	AUD 1.53	1,882.00	FPS	1,882
05-Apr-12	MBL	On market sale	AUD 1.53	-10,743.00	FPS	10,743
05-Apr-12	MBL	On market sale	AUD 1.53	-2,137.00	FPS	2,137
05-Apr-12	MBL	On market purchase	AUD 1.53	4,730.00	FPS	4,730
05-Apr-12	MBL	On market purchase	AUD 1.52	2,528.00	FPS	2,528
05-Apr-12	MBL	On market purchase	AUD 1.52	4,504.00	FPS	4,504
10-Apr-12	MBL	On market sale	AUD 1.51	-1,876.00	FPS	1,876
10-Apr-12	MBL	On market sale	AUD 1.52	-1,290.00	FPS	1,290
10-Apr-12	MBL	On market purchase	AUD 1.52	1,029.00	FPS	1,029
10-Apr-12	MBL	On market sale	AUD 1.53	-1,264.00	FPS	1,264
10-Apr-12	MBL	On market sale	AUD 1.56	-456	FPS	456
10-Apr-12	MBL MBL	On market purchase	AUD 1.56 AUD 1.57	2,502.00	FPS FPS	2,502 1,153
10-Apr-12 10-Apr-12	MBL	On market purchase On market purchase	AUD 1.56	1,153.00 1,251.00	FPS	1,251
10-Apr-12	MBL	On market purchase	AUD 1.56	1,277.00	FPS	1,277
10-Apr-12	MBL	On market sale	AUD 1.55	-660	FPS	660
10-Apr-12	MBL	On market sale	AUD 1.54	-340	FPS	340
10-Apr-12	MBL	On market purchase	AUD 1.53	1,323.00	FPS	1,323
10-Apr-12	MBL	On market purchase	AUD 1.52	1,251.00	FPS	1,251
10-Apr-12	MBL	On market purchase	AUD 1.52	851	FPS	851
10-Apr-12	MBL	On market sale	AUD 1.52	-345	FPS	345
10-Apr-12	MBL	On market purchase	AUD 1.52	510	FPS	510
	VY					26 of 34

Date of change	Person whose relevant interest changed	Nature of change	Consideration	Number of securities affected		Class Person's votes affected
10-Apr-12	MBL	On market purchase	AUD 1.51	1,251.00	FPS	1,251
10-Apr-12	MBL	On market purchase	AUD 1.50	343	FPS	343
10-Apr-12	MBL	On market purchase	AUD 1.49	1,250.00	FPS	1,250
10-Apr-12	MBL	On market sale	AUD 1.49	-440	FPS	440
10-Apr-12	MBL	On market sale	AUD 1.49	-1,630.00	FPS	1,630
10-Apr-12	MBL	On market sale	AUD 1.49	-1,756.00	FPS	1,756
10-Apr-12	MBL	On market purchase	AUD 1.49	2,362.00	FPS	2,362
10-Apr-12	MBL	On market sale	AUD 1.49	-7	FPS	7
10-Apr-12 10-Apr-12	MBL MBL	On market sale On market purchase	AUD 1.49 AUD 1.49	-3,639.00 2,972.00	FPS FPS	3,639 2,972
10-Apr-12	MBL	On market purchase	AUD 1.52	38,187.00	FPS	38,187
10-Apr-12	MBL	On market sale	AUD 1.49	-4,253.00	FPS	4,253
11-Apr-12	MBL	On market sale	AUD 1.47	-516	FPS	516
11-Apr-12	MBL	On market sale	AUD 1.49	-160	FPS	160
11-Apr-12	MBL	On market sale	AUD 1.50	-172	FPS	172
11-Apr-12	MBL	On market purchase	AUD 1.50	2,501.00	FPS	2,501
11-Apr-12	MBL MBL	On market purchase	AUD 1.49 AUD 1.49	341	FPS FPS	341 171
11-Apr-12 11-Apr-12	MBL	On market purchase On market purchase	AUD 1.48	171 166	FPS	166
11-Apr-12	MBL	On market purchase	AUD 1.48	1,250.00	FPS	1,250
11-Apr-12	MBL	On market purchase	AUD 1.48	161	FPS	161
11-Apr-12	MBL	On market sale	AUD 1.47	-345	FPS	345
11-Apr-12	MBL	On market sale	AUD 1.48	-347	FPS	347
11-Apr-12	MBL	On market purchase	AUD 1.48	1,363.00	FPS	1,363
11-Apr-12	MBL	On market sale	AUD 1.48	-683	FPS	683
11-Apr-12 11-Apr-12	MBL MBL	On market purchase On market sale	AUD 1.48 AUD 1.48	346 -347	FPS FPS	346 347
11-Apr-12	MBL	On market purchase	AUD 1.48	1,250.00	FPS	1,250
11-Apr-12	MBL	On market purchase	AUD 1.47	645	FPS	645
11-Apr-12	MBL	On market sale	AUD 1.47	-1,256.00	FPS	1,256
11-Apr-12	MBL	On market sale	AUD 1.48	-434	FPS	434
11-Apr-12	MBL	On market purchase	AUD 1.48	434	FPS	434
11-Apr-12	MBL MBL	On market purchase	AUD 1.48 AUD 1.48	1,237.00	FPS FPS	1,237 868
11-Apr-12 11-Apr-12	MBL	On market sale On market purchase	AUD 1.48	-868 841	FPS	841
11-Apr-12	MBL	On market purchase	AUD 1.48	1,250.00	FPS	1,250
11-Apr-12	MBL	On market sale	AUD 1.48	-3,896.00	FPS	3,896
11-Apr-12	MBL	On market sale	AUD 1.48	-108	FPS	108
11-Apr-12	MBL	On market purchase	AUD 1.48	3,038.00	FPS	3,038
11-Apr-12	MBL	On market purchase	AUD 1.47	389	FPS	389
11-Apr-12 11-Apr-12	MBL MBL	On market sale On market sale	AUD 1.47 AUD 1.47	-101 -14,626.00	FPS FPS	101 14,626
12-Apr-12	MBL	On market sale	AUD 1.47	-1,250.00	FPS	1,250
12-Apr-12	MBL	On market purchase	AUD 1.47	2,120.00	FPS	2,120
12-Apr-12	MBL	On market sale	AUD 1.48	-2,853.00	FPS	2,853
12-Apr-12	MBL	On market purchase	AUD 1.48	1,382.00	FPS	1,382
12-Apr-12	MBL	On market purchase	AUD 1.48	518	FPS	518
12-Apr-12	MBL	On market sale	AUD 1.48	-1,388.00	FPS	1,388
12-Apr-12 12-Apr-12	MBL MBL	On market sale On market purchase	AUD 1.49 AUD 1.48	-518 503	FPS FPS	518 503
12-Apr-12	MBL	On market purchase	AUD 1.48	996	FPS	996
12-Apr-12	MBL	On market sale	AUD 1.48	-1,044.00	FPS	1,044
12-Apr-12	MBL	On market purchase	AUD 1.47	1,250.00	FPS	1,250
12-Apr-12	MBL	On market purchase	AUD 1.48	1,001.00	FPS	1,001
12-Apr-12 12-Apr-12	MBL MBL	On market purchase On market sale	AUD 1.47 AUD 1.47	516 -1,050.00	FPS FPS	516 1,050
12-Apr-12	MBL	On market sale	AUD 1.47	-526	FPS	526
12-Apr-12	MBL	On market purchase	AUD 1.46	976	FPS	976
12-Apr-12	MBL	On market purchase	AUD 1.46	1,249.00	FPS	1,249
12-Apr-12	MBL	On market sale	AUD 1.46	-527	FPS	527
12-Apr-12	MBL	On market purchase	AUD 1.46	1,017.00	FPS	1,017
12-Apr-12 12-Apr-12	MBL MBL	On market purchase On market sale	AUD 1.46 AUD 1.46	1,315.00 -1,799.00	FPS FPS	1,315 1,799
12-Apr-12	MBL	On market sale	AUD 1.47	-1,244.00	FPS	1,244
12-Apr-12	MBL	On market purchase	AUD 1.46	1,250.00	FPS	1,250
12-Apr-12	MBL	On market sale	AUD 1.48	-112	FPS	112
12-Apr-12	MBL	On market purchase	AUD 1.48	605	FPS	605
12-Apr-12 13-Apr-12	MBL MBL	On market purchase On market purchase	AUD 1.48 AUD 1.48	8,121.00 1,249.00	FPS FPS	8,121 1,249
13-Apr-12	MBL	On market sale	AUD 1.48	-258	FPS	258
13-Apr-12	MBL	On market sale	AUD 1.48	-1,498.00	FPS	1,498
13-Apr-12	MBL	On market purchase	AUD 1.49	514	FPS	514
13-Apr-12	MBL	On market purchase	AUD 1.49	514	FPS	514
13-Apr-12	MBL	On market purchase	AUD 1.48	1,250.00	FPS	1,250
13-Apr-12 13-Apr-12	MBL MBL	On market purchase On market purchase	AUD 1.48 AUD 1.48	466 3,748.00	FPS FPS	466 3,748
	VY					27 of 34

Date of	Person whose relevant	Nature of change	Consideration	Number of securities		Class Person's votes
change 13-Apr-12	interest changed MBL	On market purchase	AUD 1.48	affected 2,673.00	FPS	affected 2,673
13-Apr-12	MBL	On market purchase	AUD 1.47	1,249.00	FPS	1,249
13-Apr-12	MBL	On market sale	AUD 1.47	-695	FPS	695
13-Apr-12	MBL	On market sale	AUD 1.47	-695	FPS	695
13-Apr-12	MBL	On market sale	AUD 1.47	-1,021.00	FPS	1,021
13-Apr-12	MBL	On market purchase	AUD 1.48	7,372.00	FPS	7,372
16-Apr-12	MBL	On market purchase	AUD 1.46	4	FPS	4
16-Apr-12	MBL	On market sale	AUD 1.47	-4	FPS	4
16-Apr-12 16-Apr-12	MBL MBL	On market sale On market purchase	AUD 1.47 AUD 1.47	-1,494.00 1,251.00	FPS FPS	1,494 1,251
16-Apr-12	MBL	On market purchase	AUD 1.47	498	FPS	498
16-Apr-12	MBL	On market sale	AUD 1.47	-514	FPS	514
16-Apr-12	MBL	On market sale	AUD 1.48	-482	FPS	482
16-Apr-12	MBL	On market purchase	AUD 1.48	1,297.00	FPS	1,297
16-Apr-12	MBL	On market sale	AUD 1.48	-1,354.00	FPS	1,354
16-Apr-12	MBL	On market purchase	AUD 1.48	1,294.00	FPS	1,294
16-Apr-12 16-Apr-12	MBL MBL	On market sale On market sale	AUD 1.48 AUD 1.48	-1,343.00 -683	FPS FPS	1,343 683
16-Apr-12	MBL	On market purchase	AUD 1.47	3,127.00	FPS	3,127
16-Apr-12	MBL	On market sale	AUD 1.48	-683	FPS	683
16-Apr-12	MBL	On market purchase	AUD 1.47	2,005.00	FPS	2,005
16-Apr-12	MBL	On market sale	AUD 1.48	-1,972.00	FPS	1,972
16-Apr-12	MBL	On market purchase	AUD 1.48	1,971.00	FPS	1,971
16-Apr-12	MBL	On market purchase	AUD 1.48	2,207.00	FPS	2,207
16-Apr-12 16-Apr-12	MBL MBL	On market sale On market sale	AUD 1.48 AUD 1.48	-1,362.00 -1,668.00	FPS FPS	1,362 1,668
16-Apr-12	MBL	On market sale	AUD 1.48	-1,128.00	FPS	1,128
16-Apr-12	MBL	On market purchase	AUD 1.48	2,130.00	FPS	2,130
16-Apr-12	MBL	On market purchase	AUD 1.48	17	FPS	17
16-Apr-12	MBL	On market purchase	AUD 1.46	147	FPS	147
16-Apr-12	MBL	On market sale	AUD 1.46	-147	FPS	147
16-Apr-12	MBL	On market sale	AUD 1.48	-10,882.00	FPS	10,882
16-Apr-12 16-Apr-12	MBL MBL	On market purchase On market sale	AUD 1.46 AUD 1.46	1,134.00 -1,104.00	FPS FPS	1,134 1,104
17-Apr-12	MBL	On market purchase	AUD 1.48	1,251.00	FPS	1,251
17-Apr-12	MBL	On market sale	AUD 1.48	-1,722.00	FPS	1,722
17-Apr-12	MBL	On market purchase	AUD 1.48	1,018.00	FPS	1,018
17-Apr-12	MBL	On market purchase	AUD 1.49	682	FPS	682
17-Apr-12 17-Apr-12	MBL MBL	On market purchase On market purchase	AUD 1.49 AUD 1.49	812 60	FPS FPS	812 60
17-Apr-12	MBL	On market sale	AUD 1.49	-1,539.00	FPS	1,539
17-Apr-12	MBL	On market sale	AUD 1.49	-428	FPS	428
17-Apr-12	MBL	On market purchase	AUD 1.49	970	FPS	970
17-Apr-12	MBL	On market purchase	AUD 1.48	1,251.00	FPS	1,251
17-Apr-12 17-Apr-12	MBL MBL	On market purchase On market purchase	AUD 1.48 AUD 1.48	57,699.00 1,750.00	FPS FPS	57,699 1,750
17-Apr-12	MBL	On market purchase	AUD 1.48	100	FPS	100
17-Apr-12	MBL	On market sale	AUD 1.49	-2,805.00	FPS	2,805
17-Apr-12	MBL	On market sale	AUD 1.49	-770	FPS	770
17-Apr-12	MBL	On market purchase	AUD 1.49	788	FPS	788
17-Apr-12 17-Apr-12	MBL MBL	On market purchase On market sale	AUD 1.49 AUD 1.49	768 -1,526.00	FPS FPS	768 1,526
17-Apr-12	MBL	On market purchase	AUD 1.49	1,251.00	FPS	1,251
17-Apr-12	MBL	On market purchase	AUD 1.49	1,568.00	FPS	1,568
17-Apr-12	MBL	On market sale	AUD 1.49	-1,027.00	FPS	1,027
17-Apr-12	MBL	On market purchase	AUD 1.49	1,986.00	FPS	1,986
17-Apr-12	MBL	On market purchase	AUD 1.49	848	FPS	848
17-Apr-12 17-Apr-12	MBL MBL	On market sale On market purchase	AUD 1.49 AUD 1.49	-3,416.00 2,560.00	FPS FPS	3,416 2,560
17-Apr-12	MBL	On market sale	AUD 1.48	-677	FPS	677
17-Apr-12	MBL	On market purchase	AUD 1.48	9,004.00	FPS	9,004
18-Apr-12	MBL	On market sale	AUD 1.47	-1,742.00	FPS	1,742
18-Apr-12	MBL	On market purchase	AUD 1.47	317	FPS	317
18-Apr-12	MBL MBL	On market sale	AUD 1.47 AUD 1.47	-195	FPS FPS	195 317
18-Apr-12 18-Apr-12	MBL	On market sale On market purchase	AUD 1.47	-317 8,627.00	FPS	8,627
18-Apr-12	MBL	On market sale	AUD 1.50	-1,750.00	FPS	1,750
18-Apr-12	MBL	On market sale	AUD 1.49	-405	FPS	405
18-Apr-12	MBL	On market purchase	AUD 1.49	1,251.00	FPS	1,251
18-Apr-12 18-Apr-12	MBL MBL	On market purchase On market sale	AUD 1.49 AUD 1.49	426 -428	FPS FPS	426 428
18-Apr-12	MBL	On market purchase	AUD 1.49	2,500.00	FPS	2,500
18-Apr-12	MBL	On market sale	AUD 1.49	-685	FPS	685
18-Apr-12	MBL	On market purchase	AUD 1.49	1,358.00	FPS	1,358
18-Apr-12	MBL	On market purchase	AUD 1.49	683	FPS	683
18-Apr-12	MBL VY	On market sale	AUD 1.49	-685	FPS	685 28 of 34

Date of	Person whose relevant	Nature of change	Consideration	Number of securities		Class Person's votes
change 18-Apr-12	interest changed MBL	On market sale	AUD 1.48	affected -2,659.00	FPS	affected 2,659
18-Apr-12	MBL	On market purchase	AUD 1.48	3,751.00	FPS	3,751
18-Apr-12	MBL	On market purchase	AUD 1.48	1,987.00	FPS	1,987
18-Apr-12	MBL	On market purchase	AUD 1.48	1,250.00	FPS	1,250
18-Apr-12	MBL	On market purchase	AUD 1.48	2,340.00	FPS	2,340
18-Apr-12	MBL	On market purchase	AUD 1.47	2,500.00	FPS	2,500
18-Apr-12	MBL	On market purchase	AUD 1.47	2,596.00	FPS	2,596
18-Apr-12	MBL	On market purchase	AUD 1.46	1,226.00	FPS	1,226
18-Apr-12	MBL	On market sale	AUD 1.46	-2,613.00	FPS	2,613
18-Apr-12	MBL	On market sale	AUD 1.47	-1,204.00	FPS	1,204
19-Apr-12	MBL	On market purchase	AUD 1.48	1,250.00	FPS	1,250
19-Apr-12	MBL	On market sale	AUD 1.47	-337	FPS	337
19-Apr-12	MBL	On market purchase	AUD 1.47	3,751.00	FPS	3,751
19-Apr-12	MBL	On market purchase	AUD 1.47	1,493.00	FPS	1,493
19-Apr-12	MBL	On market purchase	AUD 1.47	1,250.00	FPS	1,250
19-Apr-12	MBL	On market sale	AUD 1.47	-339	FPS	339
19-Apr-12 19-Apr-12	MBL MBL	On market purchase On market purchase	AUD 1.47 AUD 1.47	500 500	FPS FPS	500 500
19-Apr-12	MBL	On market purchase	AUD 1.46	1,260.00	FPS	1,260
19-Apr-12	MBL	On market sale	AUD 1.47	-294	FPS	294
19-Apr-12	MBL	On market purchase	AUD 1.46	1,250.00	FPS	1,250
19-Apr-12	MBL	On market purchase	AUD 1.46	280	FPS	280
19-Apr-12	MBL	On market purchase	AUD 1.45	2,501.00	FPS	2,501
19-Apr-12	MBL	On market sale	AUD 1.46	-222	FPS	222
19-Apr-12	MBL	On market purchase	AUD 1.45	20	FPS	20
19-Apr-12	MBL	On market purchase	AUD 1.45	2,013.00	FPS	2,013
19-Apr-12	MBL	On market purchase	AUD 1.45	1,250.00	FPS	1,250
19-Apr-12	MBL	On market sale	AUD 1.45	-1,991.00	FPS	1,991
19-Apr-12	MBL	On market sale	AUD 1.45	-371	FPS	371
19-Apr-12	MBL	On market sale	AUD 1.45	-2,883.00	FPS	2,883
19-Apr-12 20-Apr-12	MBL MBL	On market purchase On market purchase	AUD 1.45 AUD 1.42	11,237.00 1,837.00	FPS FPS	11,237 1,837
20-Apr-12	MBL	On market sale	AUD 1.44	-1,874.00	FPS	1,874
20-Apr-12	MBL	On market purchase	AUD 1.43	1,955.00	FPS	1,955
20-Apr-12	MBL	On market sale	AUD 1.43	-1,468.00	FPS	1,468
20-Apr-12	MBL	On market purchase	AUD 1.42	2,498.00	FPS	2,498
20-Apr-12	MBL	On market purchase	AUD 1.42	848	FPS	848
20-Apr-12	MBL	On market sale	AUD 1.43	-470	FPS	470
20-Apr-12	MBL	On market sale	AUD 1.41	-2,053.00	FPS	2,053
20-Apr-12	MBL	On market purchase	AUD 1.42	507	FPS	507
20-Apr-12	MBL	On market purchase	AUD 1.43	989	FPS	989
20-Apr-12	MBL	On market purchase	AUD 1.42	1,249.00	FPS	1,249
20-Apr-12 20-Apr-12	MBL MBL	On market sale On market purchase	AUD 1.43 AUD 1.42	-515 2,498.00	FPS FPS	515 2,498
20-Apr-12	MBL	On market sale	AUD 1.42	-1,384.00	FPS	1,384
20-Apr-12	MBL	On market sale	AUD 1.41	-695	FPS	695
20-Apr-12	MBL	On market purchase	AUD 1.42	1,372.00	FPS	1,372
20-Apr-12	MBL	On market purchase	AUD 1.41	692	FPS	692
20-Apr-12	MBL	On market purchase	AUD 1.40	658	FPS	658
20-Apr-12	MBL	On market purchase	AUD 1.38	1,359.00	FPS	1,359
20-Apr-12	MBL	On market sale	AUD 1.37	-3,340.00	FPS	3,340
20-Apr-12	MBL	On market purchase	AUD 1.45	56,867.00	FPS	56,867
20-Apr-12	MBL	On market purchase	AUD 1.37	3,545.00	FPS	3,545
20-Apr-12	MBL	On market purchase	AUD 1.37	1,250.00	FPS	1,250
20-Apr-12	MBL	On market sale	AUD 1.37	-1,965.00	FPS	1,965
20-Apr-12	MBL	On market sale	AUD 1.37	-2,081.00	FPS	2,081
20-Apr-12 20-Apr-12	MBL MBL	On market purchase On market purchase	AUD 1.37 AUD 1.38	2,062.00 6,271.00	FPS FPS	2,062 6,271
20-Apr-12	MBL	On market purchase	AUD 1.39	1,322.00	FPS	1,322
20-Apr-12	MBL	On market sale	AUD 1.38	-7,393.00	FPS	7,393
20-Apr-12	MBL	On market sale	AUD 1.39	-1,316.00	FPS	1,316
20-Apr-12	MBL	On market sale	AUD 1.39	-5,729.00	FPS	5,729
20-Apr-12	MBL	On market purchase	AUD 1.39	9,476.00	FPS	9,476
20-Apr-12	MBL	On market purchase	AUD 1.39	11,991.00	FPS	11,991
20-Apr-12	MBL	On market sale	AUD 1.39	-4,484.00	FPS	4,484
23-Apr-12	MBL MBL	On market sale	AUD 1.39 AUD 1.40	-1,249.00	FPS FPS	1,249 7,220
23-Apr-12 23-Apr-12	MBL	On market sale On market purchase	AUD 1.41	-7,220.00 7,220.00	FPS	7,220
23-Apr-12	MBL	On market purchase	AUD 1.39	1,678.00	FPS	1,678
23-Apr-12	MBL	On market sale	AUD 1.41	-1,661.00	FPS	1,661
23-Apr-12	MBL	On market purchase	AUD 1.42	330	FPS	330
23-Apr-12	MBL	On market sale	AUD 1.42	-643	FPS	643
23-Apr-12	MBL	On market sale	AUD 1.41	-1,672.00	FPS	1,672
23-Apr-12	MBL	On market purchase	AUD 1.42	2,498.00	FPS	2,498
23-Apr-12	MBL	On market purchase	AUD 1.43	327	FPS	327
23-Apr-12	MBL VY	On market purchase	AUD 1.43	1,247.00	FPS	1,247 29 of 34

Date of	Person whose relevant	Nature of change	Consideration	Number of securities		Class Person's votes
change 23-Apr-12	interest changed MBL	On market purchase	AUD 1.43	affected 314	FPS	affected 314
23-Apr-12	MBL	On market purchase	AUD 1.42	327	FPS	327
23-Apr-12	MBL	On market purchase	AUD 1.42	1,250.00	FPS	1,250
23-Apr-12	MBL	On market purchase	AUD 1.40	1,249.00	FPS	1,249
23-Apr-12	MBL	On market sale	AUD 1.38	-3,338.00	FPS	3,338
23-Apr-12	MBL	On market purchase	AUD 1.39	3,549.00	FPS	3,549
23-Apr-12	MBL	On market sale	AUD 1.38	-661	FPS	661
23-Apr-12	MBL MBL	On market purchase	AUD 1.37 AUD 1.39	680	FPS FPS	680 1,665
23-Apr-12 23-Apr-12	MBL	On market purchase On market sale	AUD 1.39	1,665.00 -1,012.00	FPS	1,012
23-Apr-12	MBL	On market purchase	AUD 1.39	1,462.00	FPS	1,462
23-Apr-12	MBL	On market sale	AUD 1.39	-506	FPS	506
23-Apr-12	MBL	On market purchase	AUD 1.39	506	FPS	506
23-Apr-12	MBL	On market sale	AUD 1.39	-489	FPS	489
23-Apr-12	MBL	On market purchase	AUD 1.39	506	FPS	506
23-Apr-12	MBL	On market sale	AUD 1.39	-459	FPS	459
23-Apr-12 23-Apr-12	MBL MBL	On market purchase On market purchase	AUD 1.39 AUD 1.39	1,249.00 4,041.00	FPS FPS	1,249 4,041
23-Apr-12	MBL	On market sale	AUD 1.39	-4,230.00	FPS	4,230
23-Apr-12	MBL	On market sale	AUD 1.40	-714	FPS	714
23-Apr-12	MBL	On market purchase	AUD 1.40	7,244.00	FPS	7,244
24-Apr-12	MBL	On market purchase	AUD 1.39	1,248.00	FPS	1,248
24-Apr-12	MBL	On market purchase	AUD 1.38	1,248.00	FPS	1,248
24-Apr-12	MBL	On market purchase	AUD 1.38	1,021.00	FPS	1,021
24-Apr-12 24-Apr-12	MBL MBL	On market sale On market purchase	AUD 1.38 AUD 1.38	-758 1,249.00	FPS FPS	758 1,249
24-Apr-12	MBL	On market sale	AUD 1.38	-430	FPS	430
24-Apr-12	MBL	On market purchase	AUD 1.38	855	FPS	855
24-Apr-12	MBL	On market sale	AUD 1.38	-430	FPS	430
24-Apr-12	MBL	On market purchase	AUD 1.38	1,248.00	FPS	1,248
24-Apr-12	MBL	On market purchase	AUD 1.38	423	FPS	423
24-Apr-12	MBL	On market sale	AUD 1.38	-410	FPS	410
24-Apr-12 24-Apr-12	MBL MBL	On market purchase On market purchase	AUD 1.38 AUD 1.38	1,249.00 428	FPS FPS	1,249 428
24-Apr-12	MBL	On market sale	AUD 1.38	-829	FPS	829
24-Apr-12	MBL	On market purchase	AUD 1.38	855	FPS	855
24-Apr-12	MBL	On market purchase	AUD 1.39	1,248.00	FPS	1,248
24-Apr-12	MBL	On market sale	AUD 1.39	-428	FPS	428
24-Apr-12	MBL MBL	On market purchase	AUD 1.38 AUD 1.39	412	FPS FPS	412 396
24-Apr-12 24-Apr-12	MBL	On market sale On market sale	AUD 1.39	-396 -386	FPS	386
24-Apr-12	MBL	On market purchase	AUD 1.39	1,359.00	FPS	1,359
24-Apr-12	MBL	On market sale	AUD 1.40	-3,017.00	FPS	3,017
24-Apr-12	MBL	On market purchase	AUD 1.39	2,302.00	FPS	2,302
24-Apr-12 24-Apr-12	MBL MBL	On market sale On market purchase	AUD 1.40 AUD 1.40	-1,673.00 1,102.00	FPS FPS	1,673 1,102
24-Apr-12	MBL	On market purchase	AUD 1.40	1,998.00	FPS	1,998
26-Apr-12	MBL	On market purchase	AUD 1.39	1,248.00	FPS	1,248
26-Apr-12	MBL	On market sale	AUD 1.40	-254	FPS	254
26-Apr-12	MBL	On market purchase	AUD 1.40	1,248.00	FPS	1,248
26-Apr-12	MBL	On market purchase	AUD 1.40	653	FPS	653
26-Apr-12	MBL	On market purchase	AUD 1.42	1,499.00	FPS	1,499
26-Apr-12 26-Apr-12	MBL MBL	On market sale On market purchase	AUD 1.41 AUD 1.42	-2,118.00 1,249.00	FPS FPS	2,118 1,249
26-Apr-12	MBL	On market purchase	AUD 1.42	1,237.00	FPS	1,237
26-Apr-12	MBL	On market sale	AUD 1.42	-1,285.00	FPS	1,285
26-Apr-12	MBL	On market purchase	AUD 1.42	667	FPS	667
26-Apr-12	MBL	On market purchase	AUD 1.41	2,496.00	FPS	2,496
26-Apr-12 26-Apr-12	MBL MBL	On market sale On market purchase	AUD 1.42 AUD 1.41	-1,333.00 1,325.00	FPS FPS	1,333 1,325
26-Apr-12	MBL	On market sale	AUD 1.42	-1,336.00	FPS	1,336
26-Apr-12	MBL	On market sale	AUD 1.42	-2,675.00	FPS	2,675
26-Apr-12	MBL	On market purchase	AUD 1.41	2,592.00	FPS	2,592
26-Apr-12	MBL	On market sale	AUD 1.42	-1,984.00	FPS	1,984
26-Apr-12	MBL	On market purchase	AUD 1.42	2,627.00	FPS	2,627
26-Apr-12 26-Apr-12	MBL MBL	On market sale On market purchase	AUD 1.42 AUD 1.42	-1,338.00 1,935.00	FPS FPS	1,338 1,935
26-Apr-12	MBL	On market purchase	AUD 1.42	642	FPS	642
26-Apr-12	MBL	On market purchase	AUD 1.42	604	FPS	604
26-Apr-12	MBL	On market purchase	AUD 1.42	624	FPS	624
26-Apr-12 26-Apr-12	MBL MBL	On market sale On market purchase	AUD 1.42 AUD 1.42	-669 667	FPS FPS	669 667
26-Apr-12	MBL	On market sale	AUD 1.42	-2,630.00	FPS	2,630
26-Apr-12	MBL	On market sale	AUD 1.42	-4	FPS	4
26-Apr-12	MBL	On market purchase	AUD 1.42	624	FPS	624
26-Apr-12	MBL VY	On market purchase	AUD 1.42	667	FPS	667 30 of 34

Date of	Person whose relevant	Nature of change	Consideration	Number of securities		Class Person's votes
change	interest changed MBL		AUD 1.42	affected	FPS	affected 1,000
26-Apr-12 26-Apr-12	MBL	On market sale On market purchase	AUD 1.42	-1,000.00 1,248.00	FPS	1,248
26-Apr-12	MBL	On market purchase	AUD 1.42	4,182.00	FPS	4,182
26-Apr-12	MBL	On market sale	AUD 1.42	-4,335.00	FPS	4,335
26-Apr-12	MBL	On market purchase	AUD 1.42	1,664.00	FPS	1,664
26-Apr-12	MBL	On market purchase	AUD 1.42	9,611.00	FPS	9,611
27-Apr-12	MBL	On market sale	AUD 1.42	-1,248.00	FPS	1,248
27-Apr-12	MBL	On market purchase	AUD 1.42	1,248.00	FPS	1,248
27-Apr-12 27-Apr-12	MBL MBL	On market purchase On market purchase	AUD 1.42 AUD 1.44	1,248.00 650	FPS FPS	1,248 650
27-Apr-12	MBL	On market purchase	AUD 1.42	834	FPS	834
27-Apr-12	MBL	On market sale	AUD 1.42	-1,456.00	FPS	1,456
27-Apr-12	MBL	On market sale	AUD 1.42	-1,039.00	FPS	1,039
27-Apr-12	MBL	On market sale	AUD 1.44	-2,610.00	FPS	2,610
27-Apr-12 27-Apr-12	MBL MBL	On market sale On market purchase	AUD 1.44 AUD 1.45	-1,640.00 2,527.00	FPS FPS	1,640 2,527
27-Apr-12	MBL	On market purchase	AUD 1.43	406	FPS	406
27-Apr-12	MBL	On market purchase	AUD 1.43	416	FPS	416
27-Apr-12	MBL	On market sale	AUD 1.44	-3,228.00	FPS	3,228
27-Apr-12	MBL	On market sale	AUD 1.42	-670	FPS	670
27-Apr-12	MBL MBL	On market sale	AUD 1.45 AUD 1.44	-9	FPS FPS	9 1,390
27-Apr-12 27-Apr-12	MBL	On market sale On market purchase	AUD 1.43	-1,390.00 1,615.00	FPS	1,615
27-Apr-12	MBL	On market purchase	AUD 1.42	419	FPS	419
27-Apr-12	MBL	On market sale	AUD 1.44	-20	FPS	20
27-Apr-12	MBL	On market sale	AUD 1.45	-2,470.00	FPS	2,470
27-Apr-12 27-Apr-12	MBL MBL	On market purchase On market purchase	AUD 1.45 AUD 1.45	7,665.00 7,862.00	FPS FPS	7,665 7,862
30-Apr-12	MBL	On market purchase	AUD 1.46	624	FPS	624
30-Apr-12	MBL	On market sale	AUD 1.46	-1,014.00	FPS	1,014
30-Apr-12	MBL	On market purchase	AUD 1.45	337	FPS	337
30-Apr-12 30-Apr-12	MBL MBL	On market sale On market purchase	AUD 1.46 AUD 1.45	-337 1,623.00	FPS FPS	337 1,623
30-Apr-12	MBL	On market purchase	AUD 1.45	1,248.00	FPS	1,248
30-Apr-12	MBL	On market purchase	AUD 1.45	1,016.00	FPS	1,016
30-Apr-12	MBL	On market sale	AUD 1.45	-1,759.00	FPS	1,759
30-Apr-12 30-Apr-12	MBL MBL	On market purchase On market purchase	AUD 1.45 AUD 1.45	1,248.00 974	FPS FPS	1,248 974
30-Apr-12	MBL	On market sale	AUD 1.45	-3,891.00	FPS	3,891
30-Apr-12	MBL	On market purchase	AUD 1.46	501	FPS	501
30-Apr-12	MBL	On market sale	AUD 1.46	-675	FPS	675
30-Apr-12 30-Apr-12	MBL MBL	On market purchase On market purchase	AUD 1.46 AUD 1.45	2,628.00 1,299.00	FPS FPS	2,628 1,299
30-Apr-12	MBL	On market sale	AUD 1.45	-3,707.00	FPS	3,707
30-Apr-12	MBL	On market purchase	AUD 1.45	1,966.00	FPS	1,966
30-Apr-12	MBL	On market sale	AUD 1.44	-3,798.00	FPS	3,798
30-Apr-12	MBL	On market purchase	AUD 1.44	4,778.00	FPS	4,778
30-Apr-12 30-Apr-12	MBL MBL	On market sale On market purchase	AUD 1.44 AUD 1.44	-4,894.00 2,972.00	FPS FPS	4,894 2,972
30-Apr-12	MBL	On market purchase	AUD 1.45	1,981.00	FPS	1,981
30-Apr-12	MBL	On market purchase	AUD 1.45	7,736.00	FPS	7,736
01-May-12	MBL	On market purchase	AUD 1.45	624	FPS	624
01-May-12 01-May-12	MBL MBL	On market purchase On market sale	AUD 1.46 AUD 1.46	624 -335	FPS FPS	624 335
01-May-12	MBL	On market purchase	AUD 1.45	1,248.00	FPS	1,248
01-May-12	MBL	On market sale	AUD 1.45	-337	FPS	337
01-May-12	MBL	On market purchase	AUD 1.45	654	FPS	654
01-May-12 01-May-12	MBL MBL	On market sale On market purchase	AUD 1.46 AUD 1.46	-1,625.00 2,496.00	FPS FPS	1,625 2,496
01-May-12	MBL	On market purchase	AUD 1.46	633	FPS	633
01-May-12	MBL	On market purchase	AUD 1.46	312	FPS	312
01-May-12	MBL	On market sale	AUD 1.46	-334	FPS	334
01-May-12 01-May-12	MBL MBL	On market purchase On market purchase	AUD 1.46 AUD 1.46	333 1,248.00	FPS FPS	333 1,248
01-May-12	MBL	On market purchase	AUD 1.46	312	FPS	312
01-May-12	MBL	On market purchase	AUD 1.45	2,495.00	FPS	2,495
01-May-12	MBL	On market purchase	AUD 1.45	971	FPS	971
01-May-12 01-May-12	MBL MBL	On market sale On market sale	AUD 1.45 AUD 1.46	-1,005.00 -1,960.00	FPS FPS	1,005 1,960
01-May-12	MBL	On market purchase	AUD 1.46	1,143.00	FPS	1,143
01-May-12	MBL	On market sale	AUD 1.46	-550	FPS	550
01-May-12	MBL	On market purchase	AUD 1.46	3,114.00	FPS	3,114
01-May-12	MBL	On market purchase	AUD 1.45	1,265.00	FPS	1,265
01-May-12 01-May-12	MBL MBL	On market sale On market sale	AUD 1.46 AUD 1.46	-698 -348	FPS FPS	698 348
01-May-12	MBL	On market purchase	AUD 1.46	122	FPS	122
	VY					31 of 34

Date of change	Person whose relevant interest changed	Nature of change	Consideration	Number of securities affected		Class Person's votes affected
01-May-12	MBL	On market sale	AUD 1.46	-21,592.00	FPS	21,592
01-May-12	MBL	On market purchase	AUD 1.46	597	FPS	597
01-May-12	MBL	On market purchase	AUD 1.46	21,592.00	FPS	21,592
02-May-12	MBL	On market sale	AUD 1.45	-623	FPS	623
02-May-12	MBL	On market purchase	AUD 1.44	6,873.00	FPS	6,873
02-May-12	MBL	On market sale	AUD 1.44	-305	FPS	305
02-May-12	MBL	On market sale	AUD 1.44	-226	FPS	226
02-May-12	MBL	On market purchase	AUD 1.45	8,300.00	FPS	8,300
02-May-12	MBL	On market sale	AUD 1.44	-1,117.00	FPS	1,117
02-May-12	MBL	On market purchase	AUD 1.43	706	FPS	706
02-May-12	MBL	On market purchase	AUD 1.42	239	FPS	239
02-May-12	MBL	On market sale	AUD 1.42	-498	FPS	498
02-May-12	MBL	On market sale	AUD 1.42	-1,352.00	FPS	1,352
02-May-12	MBL	On market sale	AUD 1.43	-338	FPS	338
02-May-12	MBL	On market sale	AUD 1.44	-228	FPS	228
02-May-12	MBL	On market sale	AUD 1.43	-653	FPS	653
02-May-12 02-May-12	MBL MBL	On market purchase On market purchase	AUD 1.42 AUD 1.43	252 3,739.00	FPS FPS	252 3,739
02-May-12	MBL	On market sale	AUD 1.42	-71	FPS	71
02-May-12	MBL	On market purchase	AUD 1.42	1,246.00	FPS	1,246
02-May-12	MBL	On market sale	AUD 1.42	-316	FPS	316
02-May-12	MBL	On market sale	AUD 1.42	-250	FPS	250
02-May-12	MBL	On market sale	AUD 1.42	-201	FPS	201
02-May-12	MBL	On market sale	AUD 1.42	-338	FPS	338
02-May-12	MBL	On market sale	AUD 1.42	-227	FPS	227
02-May-12	MBL	On market sale	AUD 1.42	-192	FPS	192
02-May-12	MBL	On market sale	AUD 1.42	-151	FPS	151
02-May-12	MBL	On market sale	AUD 1.42	-705	FPS	705
02-May-12	MBL	On market sale	AUD 1.43	-1,020.00	FPS	1,020
02-May-12	MBL	On market sale	AUD 1.43	-439	FPS	439
02-May-12 02-May-12	MBL MBL	On market sale On market sale	AUD 1.42 AUD 1.43	-1,062.00 -923	FPS FPS	1,062 923
02-May-12	MBL	On market purchase	AUD 1.43	2,542.00	FPS	2,542
02-May-12	MBL	On market purchase	AUD 1.43	6,481.00	FPS	6,481
03-May-12	MBL	On market purchase	AUD 1.43	1,246.00	FPS	1,246
03-May-12	MBL	On market sale	AUD 1.42	-2,640.00	FPS	2,640
03-May-12	MBL	On market sale	AUD 1.42	-1,367.00	FPS	1,367
03-May-12	MBL	On market purchase	AUD 1.43	2,493.00	FPS	2,493
03-May-12	MBL	On market purchase	AUD 1.42	615	FPS	615
03-May-12	MBL	On market purchase	AUD 1.43	2,492.00	FPS	2,492
03-May-12	MBL	On market purchase	AUD 1.43	27,949.00	FPS	27,949
03-May-12	MBL	On market purchase	AUD 1.42	1,246.00	FPS	1,246
03-May-12 03-May-12	MBL MBL	On market sale On market purchase	AUD 1.42 AUD 1.42	-300,000.00 370	FPS FPS	300,000 370
03-May-12	MBL	On market purchase	AUD 1.42	24,674.00	FPS	24,674
03-May-12	MBL	On market purchase	AUD 1.42	211,528.00	FPS	211,528
03-May-12	MBL	On market purchase	AUD 1.42	246,495.00	FPS	246,495
03-May-12	MBL	On market purchase	AUD 1.42	17,090.00	FPS	17,090
03-May-12	MBL	On market purchase	AUD 1.42	137,443.00	FPS	137,443
03-May-12	MBL	On market sale	AUD 1.42	-337,230.00	FPS	337,230
03-May-12	MBL	On market purchase	AUD 1.42	1,252.00	FPS	1,252
03-May-12	MBL	On market purchase	AUD 1.41	1,770.00	FPS	1,770
03-May-12	MBL	On market purchase	AUD 1.41	10,343.00	FPS	10,343
04-May-12	MBL	On market sale	AUD 1.42	-664	FPS	664
04-May-12	MBL	On market purchase	AUD 1.41	1,292.00	FPS	1,292
04-May-12	MBL	On market sale	AUD 1.42	-993	FPS	993
04-May-12 04-May-12	MBL MBL	On market purchase On market sale	AUD 1.42 AUD 1.42	979 -638	FPS FPS	979 638
04-May-12	MBL	On market purchase	AUD 1.42	1,246.00	FPS	1,246
04-May-12	MBL	On market purchase	AUD 1.41	1,271.00	FPS	1,271
04-May-12	MBL	On market sale	AUD 1.42	-1,300.00	FPS	1,300
04-May-12	MBL	On market purchase	AUD 1.41	1,246.00	FPS	1,246
04-May-12	MBL	On market sale	AUD 1.42	-1,297.00	FPS	1,297
04-May-12	MBL	On market purchase	AUD 1.42	1,856.00	FPS	1,856
04-May-12	MBL	On market purchase	AUD 1.42	454	FPS	454
04-May-12	MBL	On market sale	AUD 1.42	-996	FPS	996
04-May-12	MBL	On market purchase	AUD 1.42	494	FPS	494
04-May-12 04-May-12	MBL MBL	On market sale On market purchase	AUD 1.42 AUD 1.42	-969 453	FPS FPS	969 453
04-May-12	MBL	On market sale	AUD 1.42	-498	FPS	498
04-May-12	MBL	On market sale	AUD 1.42	-496	FPS	496
04-May-12	MBL	On market purchase	AUD 1.41	1,417.00	FPS	1,417
04-May-12	MBL	On market sale	AUD 1.41	-1,430.00	FPS	1,430
04-May-12	MBL	On market sale	AUD 1.42	-498	FPS	498
04-May-12	MBL	On market purchase	AUD 1.41	1,246.00	FPS	1,246
04-May-12	MBL	On market purchase	AUD 1.41	1,774.00	FPS	1,774
	VY					32 of 34

Date of	Person whose relevant	Nature of change	Consideration	Number of securities		Class Person's votes
change	interest changed			affected		affected
04-May-12	MBL	On market sale	AUD 1.41	-666	FPS	666
04-May-12	MBL	On market purchase	AUD 1.41	659	FPS	659
04-May-12	MBL	On market sale	AUD 1.41	-830	FPS	830
04-May-12	MBL	On market purchase	AUD 1.41	3,040.00	FPS	3,040
04-May-12	MBL	On market purchase	AUD 1.41	1,120.00	FPS	1,120
04-May-12	MBL	On market sale	AUD 1.41	-212	FPS	212
04-May-12	MBL	On market sale	AUD 1.41	-2,414.00	FPS	2,414
07-May-12	MBL	On market sale	AUD 1.39	-8,300.00	FPS	8,300
07-May-12	MBL	On market sale	AUD 1.40	-1,009.00	FPS	1,009
07-May-12	MBL	On market purchase	AUD 1.40	505	FPS	505
07-May-12	MBL	On market sale	AUD 1.41	-1,245.00	FPS	1,245
07-May-12	MBL	On market purchase	AUD 1.41	488	FPS	488
07-May-12	MBL	On market sale	AUD 1.41	-252	FPS	252
07-May-12	MBL	On market purchase	AUD 1.40	233	FPS	233
07-May-12	MBL	On market sale	AUD 1.41	-420	FPS	420
07-May-12	MBL	On market purchase	AUD 1.41	418	FPS	418
07-May-12	MBL	On market purchase	AUD 1.41	1,608.00	FPS	1,608
07-May-12	MBL	On market sale	AUD 1.41	-417	FPS	417
07-May-12	MBL	On market purchase	AUD 1.41	882	FPS	882
07-May-12	MBL	On market purchase	AUD 1.41	769	FPS	769
07-May-12	MBL	On market purchase	AUD 1.40	420	FPS	420
07-May-12	MBL	On market sale	AUD 1.41	-420	FPS	420
07-May-12	MBL	On market sale	AUD 1.41	-811	FPS	811
07-May-12	MBL	On market purchase	AUD 1.41	417	FPS	417
07-May-12	MBL	On market sale	AUD 1.42	-397	FPS	397
07-May-12	MBL	On market purchase	AUD 1.41	1,246.00	FPS	1,246
07-May-12	MBL	On market sale	AUD 1.42	-571	FPS	571
07-May-12	MBL	On market purchase	AUD 1.41	1,058.00	FPS	1,058
07-May-12	MBL	On market sale	AUD 1.41	-2,013.00	FPS	2,013
07-May-12	MBL	On market sale	AUD 1.41	-18	FPS	18
07-May-12	MBL	On market purchase	AUD 1.41	2,002.00	FPS	2,002
07-May-12	MBL	On market sale	AUD 1.41	-6,351.00	FPS	6,351

ANNEXURE 'C'

This is the annexure marked 'C' of 42 page(s) referred to in the Notice of change of interests of substantial holder.

Dennis Leong Company Secretary, Macquarie Group Limited 9 May 2012

		Australian Association	Securities Lending Limited
			(ACN 054 944 482) Level 18, 20 Bond Street Sydney NSW 2000 (02)92201413 Tel: (02) 92201379 Fax:
	AUSTRALIAN	MASTER SECURITIES	AGREEMENT· LENDING
dated as of:		"""",3" .A0.j'V).!::	(Version: November 2003) ,;Jp.\,t!""", ,,,,,,,,,,,.,,,.,,,,,, ,,,.,,,,.,,,
Between:	(I)	(Name a/Company)	Australia Securities Limited Morgan Stanley
		or (ACN ARBN(as	applicable)) ACN 078 652 276 _
		a company incorporated	ofNew under the laws South Wales _
	of New	(Business address) Level 39 South Wales, 2000, Australia,	Chifley Tower, 2 Chifley Square, Sydney, _
And:	(2)	(Name a/Company)	Limited Macquarie Bank
		or ARBN(as (ACN	applicable)) ACN 008 583 542
		a company incorporated	of under the laws Australian Capital Territory
		of (Business address)	Level 2, No.1 Martin Place, Sydney, NSW, 2000 Australia

* TIle original (Version: 4 April 1997) version ofthis agreement was adapted/rom the ISLA Overseas Securities Lender's Agreement (Version: December 1995, as amended by 1996 UK Tax Addendum), prepared by Clifford Chance, London, England/or lise by parties required tu meet UK Inland Revenue tax requirements. The 4 April 1997 version has been updated in December 2002 and November 2003 to take accolint of, among other things, intervening Australian tax, stamp duty and regulatory changes, and also to better reflect Australian market practice.
* The original and updated versions (if this agreement are both also subject to the"Wanting and Disclaimer" on the coversheet to the original (Versiun: 4 April 1997) and updated (Version: November 2003) "User's Guide" relating to this agreement.

©m Governor Phillip Tower I FalTer Place Sydney NSW 2000 Telephone (02) 9296 2000 Pax (02) 9296 3999 DX t 13 Sydney Ref: JCK

Contents		Australian Master Securities Lending Agreement

	$\mathbf{1}$	Interpretation
	$\mathbf{2}$	Loans of Securities
	3	Delivery of Securities
	4	Title, Distributions and Voting
	5	Fees
	6	Collateral
	7	Redelivery of Equivalent Securities
	7A	Suspended Securities
	8	Set-off etc.
	9	Stamp duty, taxes etc and loss of tax benefits
	10	Lender's warranties
	11	Borrower's warranties

12	Events of Default	16
13	Outstanding payments	17
14	Transactions entered into as agent	17

Page No

No reliance on tax or accounting representations by other Party 19

	The remained on this or accounting representations by only really to
17	Observance of procedures	19
18	Severance	19
19	Specific performance	19
20	Notices	19
21	Assignment	20
22	Non-Waiver	20
23	Time	20
24	Recording	20
25	Miscellaneous	20

Morgan St:mkl' Auslr.:Jlia Securities Limlicd - AuslrJlian Master Securiti,-'S lJ:nuing AgfL'Cmcnt {AMSLA} drdft M~y 10 [ms~lcgal_sydJ!r<.l.IOOO3()325,llM()rgan Stank'}' Australia Sccuritks Limtil'l,l- Australian M~l~lcr Sl'Cunti", Llllding Agreemcllt (AMSLA) drali M~y 10 [ms~lcgal_sydJ!r<.l.100030325.1 J

Termination of course of dealings by notice

	26 Definitions	21
	Governing Law and Jurisdiction 27	29
	Particulars Schedule 1	30
	Schedule 2 Specimen Form of Borrowing Request (see clause 2.1 and definition of "Borrowing Request" in clause 26)	33
	Schedule 3 Supplementary Terms and Conditions (if any)	34
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rmSI:..Jlogal_~)'d prd.IOOO30325.11Morgan Stanley Austr.lIia St.,<:uritics Limti..'d - AUSIr,llian MaskT SL'Curitics l.ending Agreement (AMSI.A) dian May 10 [ms"U..-g.1Uyd pro HXXJ30J25_1 J

AGREEMENT

Recitals:

A The Parties hereto are desirous of agreeing to a procedure whereby either one ofthem (the "Lender") will make available to the other ofthem (the "Borrower") from time to time Securities (as hereinafter defined).
B. All transactions carried out under this Agreement will be effected in accordance with the Rules (as hereinafter defmed), if applicable, together with current market practices, customs and conventions, in so far as they are not inconsistent with the terms ofthis Agreement.

Operative provisions:

1 Interpretation

1.1 [Definitions] The terms defined in clause 26 and in Schedule 1 have the meanings therein specified for the purposes ofthis Agreement.
1.2 [Inconsistency] In the event of any inconsistency between the provisions of Schedule 1 and the other provisions oftbis Agreement, Schedule I will prevail. In the event of any inconsistency between the provisions (if any) of Schedule 3 and the other provisions ofthis Agreement (including Schedule I), Schedule 3 will prevail. In the event of any inconsistency between the provisions of any Confmnation and this Agreement (including Schedules I and 3), such Confinnation will prevail for the purpose ofthe relevant transaction.
1.3 [Single agreement] All transactions are entered into in reliance on the fact that this Agreement and all Confinnations fonn a single agreement between the Parties (collectively referred to as this "Agreement"), and the Parties would not otherwise enter into any transactions.
1.4 [Interpretation] In this Agreement
(a) Unless the context otherwise requires:
- (i) The singular includes the plural and vice versa.
- (ii) A person includes a corporation.
- (iii) A corporation includes any body corporate and any statutory authority.
- (iv) A reference to a statute, ordinance, code or other law or the Rules includes regulations or other instruments under it or them and consolidations, amendments, re-enactments or replacements of any o[them.
(b) Notwithstanding the use of expressions such as "borrow", "lend", "Collateral", "Margin", "redeliver" etc., which arc used to renect

terminology used in the market for transactions ofthe kind provided for in this Agreement, all right, title and interest in and to Securities "borrowed" or "lent" and "Collateral" which one Party Transfers to the other in accordance with this Agreement ("title") shall pass from one Party to the other free and clear of any liens, claims, charges or encumbrances or any other interest of the Transfening Party or of any third party (other than a lien routinely imposed on all securities in a relevant clearance system), the Party obtaining such title being obliged to redeliver Equivalent Securities or Equivalent Collateral, as the case may be. Each Transfer under this Agreement will be made so as to constitute or result in a valid and legally effective transfer of the Transferring Party's legal and beneficial title to the recipient.

2 -
(c) Where, in respect of any transaction, any distribution is made, or Income or fee is paid, other than in cash, the provisions of this agreement (other than clause 4.2(b)) shall apply, with necessary modifications, to the same extent as ifthe distribution, Income or fee had been made or paid in cash, and terms such as "pay" and "amount" shall be construed accordingly.
1.5 [Headings] All headings appear for convenience only and shall not affect the interpretation ofthis Agreement.
1.6 [Currency conversion] For the purposes of clauses 6, 8.3 and 8.4, when a conversion into the Base Currency is required, all prices, sums or values (including any Value, Offer Value and Bid Value) of Securities, Equivalent Securities, Collateral or Equivalent Collateral (including Cash Collateral) stated in currencies other than thc Base Currency shall be converted into the Base Currency at the rate quoted by an Australian bank selected by the Lender (or, if an Event of Default has occurred in relation to the Lender, by the Borrower) at or about II.OOam (Sydney time) on the day of conversion as its spot rate for the sale by the bank ofthe Base Currency in exchange for the relevant other currency.
1.7 [Other agreements] Where at any time there is in existence any other agreement between the Parties the terms of which make provision for the lending ofSecurities (as defmed in this Agreement) as well as other securities, the terms ofthis Agreement shall apply to the lending ofsuch Securities to the exclusion of any other such agreement.
1.8 [Nominees] Ifpayment is made or Securities, Equivalent Securities, Collateral or Equivalent Collateral is Transferred to a Party's nominee or otherwise in accordance with the directions of a Party (whether by the other Party or by a third party), it shall be deemed, for the purposes ofthis agreement, to have been paid or made or Transferred to the first mentioned Party.

2 Loans of Securities

2.1 [Borrowing Request and acceptance thereof] The Lender will lend Securities to the Borrower, and thc Borrower will borrow Securities from the Lender, in accordance with the terms and conditions ofthis Agreement and with the Ruk-s. The terms of each Loan should be agreed prior to the conunenccmcnt orthe rclevant Loan, either orally or in writing (including any agreed form of electronic communication) and confmned in such form and on such basis as is agreed between the Parties. Any confirmation produccd by a Party shall not supersede or prevail over the prior oral, written or electronic communication (as the case may be).

2.2 [Changes to a Borrowing Request] The Borrower has the right to reduce the amount of Securities referred to in, or otherwise vary, a Borrowing Request provided that:
(a) the Borrower has notified the Lender ofsuch reduction or variation no later than midday Australian Eastern standard or summer (as appropriate) time on the day which is two Business Days prior to the Settlement Date, unless otherwise agreed between the Parties, and
(b) the Lender shall have accepted such reduction or variation (by whatever means).

3 Delivery of Securities

(Delivery of Securities] The Lender shall procure the delivery ofSecurities to the Borrower or deliver such Securities in accordance with the relevant agreement together with appropriate instruments oftransfer (where necessary) duly stamped (where necessary) and such other instruments (if any) as may be requisite to vest title thereto in the Borrower. Such Securities shall be deemed to have been delivered by the Lender to the Borrower on delivery to the Borrower or as it shall direct ofthe relevant instruments oftransfer and certificates or other documents oftitle (if any), or in the case of Securities title to which is registered in a computer based system which provides for the recording and transfer oftitle to the same by way of electronic entries (such as CHESS), on the transfer oftitle in accordance with the rules and procedures ofsuch system as in force from time to time, or by such other means as may be agreed.

4 Title, Distributions and Voting

4.1 [Passing of title] The Parties shall execute and deliver all necessary documents and give all necessary instructions to procure that all right, title and interest in:
(a) any Securities borrowed pursuant to clause 2;
(b) any Equivalent Securities redelivered pursuant to clause 7;
(c) any Collateral delivered pursuant to clause 6;
(d) any Equivalent Collateral redelivered pursuant to clauses 6 or 7,

shall pass from one Party to the other, free from all liens, charges, equities and encumbrances, on delivery or redelivery ofthe same in accordance with this Agreement. In the case of Securities, Collateral, Equivalent Securities or Equivalent Collateral title to which is registered in a computer based system which provides for the recording and transfer oftitlc to the same by way of electronic entries, delivery and transfer oftide shall take place in accordance with the rules and procedures of such system as in force from time to time.

4.2 [Distributions]

(a) [Distributions] Unless otherwise agreed, where Income is paid by thc issuer in relation to any Securities on or by reference to an Income Payment Date on which such Securities are the subject of a loan under this Agreement, the Borrower shall, on the date of the payment ofsuch Income, or on such other date as the Parties may from time to time agree, (the "Relevant Payment Date") pay to the Lender a sum ofmoney (a

-4- "Substitute payment") equivalent to the amount that the Lender would have been entitled to receive (after any deduction, withholding or payment for or on account of any tax made by the relevant issuer (or on its behalf) in respect ofsuch Income) had such Securities not been loaned to the Borrower and been held by the Lender on the Income Payment Date, irrespective of whether the Borrower received the same.

(b) [Corporate actions] Subject to paragraph (c) (unless otherwise agreed), where, in respect of any borrowed Securities or any Collateral, any rights relating to conversion, subdivision, consolidation, pre-emption, rights arising under a takeover offer or other rights, including those requiring election by the holder for the time being ofsuch Securities or Collateral, become exercisable prior to the redelivery of Equivalent Securities or Equivalent Collateral, then the Lender or Borrower, as the case may be, may, within a reasonable time before the latest time for the exercise ofthe right or option, give written notice to the other Party that, on redelivery of Equivalent Securities or Equivalent Collateral, as the case may be, it wishes to receive Equivalent Securities or Equivalent Collateral in such fonn as will arise ifthe right is exercised or, in the case of a right which may be exercised in more than one manner, is exercised as is specified in such written notice.

(c) 11936 Tax Act sections 26BC(3)(c)(ii) and (v) requirements] Notwithstanding paragraph (b), where, in respect of any borrowed Securities or any Collateral, the relevant issuer company, trustee, government or govcnunent authority issues any right or option in respect ofthe borrowed Securities or Collateral, as the case may be, the Borrower or the Lender, respectively, must deliver or make available, as the case may be, to the other Party on the date ofsuch issue or on such other date as the Parties may from time to time agree:

(i) the right, or option; or
(ii) an identical right or option; or
(iii) a payment equal to the value to the Lender or the Borrower, respectively, ofthe right or option;

together with any such endorsements or assignments as shall be customary and appropriate.

(d) [Manner of payment] Any payment to be made by the Borrower under this clause shall be made in a manner to be agreed between the Parties.

4.3 [Voting] Unless paragraph 4 in Schedule 1 specifies that this clause 4.3 does not apply, each Party undertakes that, where it holds Securities of the same description as any Securities borrowed by it or transferred to it by way ofCollateral at a time when a right to vote arises in respect ofsuch Securities, it will use its best endeavours to arrange for the voting rights attached to such Securities to be exercised in accordance with the instructions ofthe other Party provided always that each Party shall use its best endeavours to notify the other of its instructions in writing no later than seven Business Days prior to the date upon which such votes are exercisable, or as otherwise agreed between the Parties, and that the Party concerned shall not he obliged so to exercise the votes in respect ofthe number of Securities greater than the number so lent or transferred to it. For the avoidance of doubt, the Parties agree that, subject as hereinbefore provided, any voting rights

attaching to the relevant Securities, Equivalent Securities, collateral and/or Equivalent Collateral shall he exercisable by the persons in whose name they are registered, or in the case of Securities, Equivalent Securities, collateral and/or Equivalent Collateral in hearer Conn by the persons by or on behalfof whom they are held, and not necessarily by the Borrower or the Lender (as the case may be).

5 Fees

5.1 [Fees] In respect of each loan of Securities:
(a) for which the Collateral is cash:
- (i) the Lender must pay a fee to the Borrower in respect ofthe amount ofthat Collateral, calculated at the rate agreed between them; and
- (ii) unless the Parties otherwise agree, the Borrower is not obliged to pay a fee to the Lender;
(b) for which there is no Cash Collateral, the Borrower must pay a fee to the Lender, calculated at the rate agreed between them.
5.2 [Where there are different types of Collateral] Where the Collateral comprises only partly cash, clause 5.1 is to be construed as ifthere were separate loans of Securities, one secured solely by Cash Collateral and the other secured solely by non-cash Collateral.
5.3 [Calculation of fees] In respect of each loan ofSecurities, the payments referred to in clause 5.1 ofthis clause shall accrue daily in respect ofthe period commencing on and inclusive ofthe Settlement Date and tenninating on and exclusive ofthe Business Day upon which Equivalent Securities are redelivered or Cash Collateral is repaid. Unless otherwise agreed, the sums so accruing in respect of each calendar month shall be paid in arrears by the Borrower to the Lender or to the Borrower by the Lender (as the case may be) not later than the Business Day which is one week after the last Business Day ofthe calendar month to which such payment relates or such other date as the Parties from time to time agree. Any payment made pursuant to clause 5.1 shall be in Australian currency, unless otherwise agreed, and shall be paid in such manner and at sueh place as shall be agreed between the Parties.

6 Collateral

6.1 [Borrower's obligation to provide Collateral] Unless otherwise agreed, subject to the other provisions ofthis clause 6, the Borrower undertakes to deliver to or deposit with the Lender (or in accordance with the Lender's instructions) Collateral ofthe kind specified in the relevant Borrowing Request or as otherwise agreed betwecn the Parties (together with appropriate instruments oftransfer duly stamped (where necessary) and such other instruments as may be requisite to vest title thereto in the Lender) simultaneously with delivery ofthe borrowed Securities by the Lender.
6.2 [Global margining]
(a) [Adjustments to Collateral) Unless otherwise agreed between the Parties, subject to paragraph (b), clause 6.4 and paragraph 1.5 in Schedule 1;
- (i) The aggregate Value ofthe Collateral delivered to or deposited with the Lender or its nominated bank or depositary (excluding any

-6- Collateral repaid or rcdelivercd under paragraph (ii) below (as the case may be)) in respect of all loans of Securities outstanding under this Agreement ("Posted Collateral") shall from day to day and at any time be at least the aggregate ofthe Required Collateral Values in respect ofsuch loans.

(ii) If at any time the aggregate Value ofthe Posted Collateral in respect of all loans ofSecurities outstanding under this Agreement exceeds the aggregate of the Required Collateral Values in respect ofsuch loans, the Lender shall (on demand) repay such Cash Collateral and/or redeliver to the Borrower such Equivalent Collateral as will eliminate the excess.
(iii) Ifat any time the aggregate Value ofthe Posted Collateral in respect of all loans of Securities outstanding under this Agreement falls below the aggregate ofRequired Collateral Values in respect of all such loans, the Borrower shall (on demand) provide such further Collateral to the Lender as will eliminate the deficiency.
(b) [Netting of Collateral obligations where a Party is both Lender and Borrower) Unless otherwise agreed between the Parties, subject to clause 6.4 and paragraph 1.5 in Schedule I, where paragraph (a) applies, if a Party (the ''first Party") would, but for this paragraph, be required under paragraph (a) to repay Cash Collateral, redeliver Equivalent Collateral or provide further Collatcral in circumstances where the other Party (the "second Party") would, but for this paragraph, also be required to repay Cash Collateral, redeliver Equivalent Collateral or provide further Collateral under paragraph (a), then the Value ofthe Cash Collateral, Equivalent Collateral or further Collateral deliverable by the first Party ("X") shall be set·off against the Value ofthe Cash Collateral, Equivalent Collateral or further Collateral deliverable by the second Party ("y") and the only obligation ofthe Parties under paragraph (a) shall be, where X exceeds Y, an obligation ofthe first Party, or where Y exceed X, an obligation ofthe second Party, (on demand) to repay Cash Collateral, redeliver Equivalent Collateral or deliver further Collateral having a Value equal to the difference between X and Y.
6.3 [Required Collateral Value] For the purposes of clause 6.2(a), the Value ofthe Posted Collatcral to be delivered or deposited in respect of any loan ofSecurities, while the loan of Securities continues, shall bc equal to the aggregate ofthe Value of the borrowed Securities and the Margin applicable thereto (the "Required Collateral Value").
6.4 [Time for payment/repayment of Collateral] Except as provided in clause 6.1 or clause 6.6 or as otherwise agreed, where any Cash Collateral is to be repaid, Equivalent Collateral is to be redelivered or further Collateral is to be provided under this clause 6, it shall be paid or delivered as stated in paragraph 1.4 in Schedule I.
6.5 [Substitution of Alternative Collateral] The Borrower may from time to time call tor the repayment ofCash Collateral or the redelivery ofEquivalent Collateral prior to the date on which the same would otherwise have been repayable or redcliverable, provided that, at the time ofsuch repayment or redelivery, the Borrower shall have delivered or delivers Alternative Collateral acceptable to thc Lender.
6.6 [Return ofCoUateral/Equivalent Collateral on redelivery of Equivalent Securities]
(a) Cash Collateral shall be repaid and Equivalent Collateral shall he redelivcrcd at the same time as Equivalent Securities in respect afthe Securities borrowed are redelivered.
(b) Where Collateral is provided through a book entry transfer system (such as Austraclear or RITS), the obligation ofthe Lender shall be to redeliver Equivalent Collateral through such book entry transfer system in accordance with this Agreement. Ifthe loan of Securities in respect ofwhich Collateral was provided has not been discharged when the Equivalent Collateral is redelivered, any payment obligation generated within the book entry transfer system on such redelivery shall, until the loan ofSecurities is discharged or further Collateral is provided, be deemed to constitute an obligation to pay Cash Collateral.
6.7 [Receipt by Lender of Income on Collateral] Where Collateral (other than Cash Collateral) is delivered in respect of which any Income may become payable and an Income Payment Date in respect ofthat Collateral occurs prior to the redelivery of Equivalent Collateral, then, unless such Income is paid directly to thc Borrower, the Lender shall, on the date on which such Income is paid or on such other date as the Parties may from time to time agree, pay to the Borrower a sum ofmoney (a "Substitute payment") equivalent to the amount ofsuch Income that (after any deduction, withholding or payment for or on account of any tax made by the relevant issuer (or on its behalf) in respect ofsuch Income) the Lender either actually received, or would have been entitled to receive had such Collateral been held by the Lender on the Income Payment Date, irrespective of whether the Lender received the same. Ifthe Lender is required by law, as modified by the practice of any relevant taxing authority, to make any deduction or withholding from any Substitute payment to be made under the preceding sentence, then the Lender must:
(a) promptly pay to the relevant taxing authority the full amount ofthe deduction or withholding; and
(b) forward to the Borrower on request a copy of any official receipt or other evidence showing that the full amount of any such deduction or witliliolding has been paid over to the relevant taxing authority.
6.8 [Borrower's rights re Collateral are not assignable] The Borrower may not assign, transfer or otherwise dispose of, or mortgage, charge or otherwise encwnber, or otherwise deal with its rights in respect of any Collateral without the prior written consent ofthe Lender.
6.9 [Lender may set off obligation to repay or return Equivalent Collateral] IFthe Borrower fails to comply with its obligation to redeliver Equivalent Securities, the obligation ofthe Lender in respect of any Collateral may be the subject of a set-off in accordance with clause 8.
6.10 [Collateral provided to Lender's Nominee] Without limiting clause 1.8, where Collateral is provided to the Lender's nominee, any obligation under this Agreement to repay or redeliver or otherwise account for Equivalent Collateral shall be an obligation of the Lender, notwithstanding that any such repayment or redelivery may be effected in any particular case by the nominee.
8 6.11 [Letters of Credit] Ifthe Collateral in respect of one or more loans or Securities is or includes a letter of credit, the Lender may only draw down under that letter of credit when an Event of Default occurs in relation to the Borrower and, upon the Lender drawing down, whether or not pennitted under this clause 6.11, the Collateral (or that part ofit represented by the letter ofcredit) becomes Cash Collateral.
6.12 [Non-Cash Collateral] lrthe Collateral in respect of one or more loans of Securities is or includes other Securities and either the Borrower is a taxpayer to whom the Tax Act applies in respect ofthe disposal ofthose other Securities or in any other case the Parties so agree:
(a) The Parties acknowledge that the provision ofthose other Securitics is by way of a loan of Securities under this Agreement, to which section 26BC(3)(a) ofthe 1936 Tax Act may apply (subject to the reacquisition time being less than 12 months after the original disposal rime).
(b) For the purposes ofsection 26BC(3)(d) ofthe 1936 Tax Act, the notifiable consideration in respect ofthe provision ofthose Securities by way ofloan is specified as follows:
- (i) There is no fee.
- (ii) There is no adjustment for variations in the market value ofthe Collateral or Equivalent Collateral.
- (iii) There is other consideration: see the obligations ofthe recipient of the Collateral under clauses 4.2(b), 4.2(c), 4.3 and 6.7.
(c) For the avoidance of doubt, this clause 6.12 is directed solely at clarifying either or both ofthe following issues: that the provision ofthe other Securities as Collateral is eligible for the application of first section 26BC and secondly, where applicable, sections 2l6~ 10 and 216-30 ofthe 1997 Tax Act. Accordingly, clauses 2, 4.2(a), 5, 6.1 to 6.11, 7, 8, 9.1, 9.2 (unless otherwise agreed), 9.4 and 12 do not apply to any loan of Securities under paragraph (a). Instead, those Securities are simply to be regarded as Collateral for the purposes ofthose clauscs.

7 Redelivery of Equivalent Securities

7.1 [Borrower's obligation to redeliver Equivalent Securities] The Borrower undertakes to redeliver Equivalent Securities in accordance with this Agreement and the tcnns ofthc rclcvant Borrowing Request.
7.2 [Lender may call for redelivery of Equivalent Securities] Subject to clause 8 and the tenns ofthe relevant Borrowing Request, the Lender may call for the redelivery of all or any Equivalent Securities at any time by giving notice on any Business Day of not less than the Standard Settlement Time for such Equivalent Securities or the equivalent time on the exchange or in the clearing organisation through which the relevant borrowed Securities were originally delivered. The Borrower shall as hereinafter provided redeliver such Equivalent Securities not latcr than the cxpiry of such notice in accordance with the Lender's instructions.
7.3 [Lender may terminate loan if Borrower defaUlts] Ifthe Borrower does not redeliver Equivalent Securitics in accordance with such cal1, the Lender may elect to continue the loan of Securities; provided that, irthc Lender does not elect to

continue the loan, the Lender may by written notice to the Borrower elect to tcnninatc the relevant loan. Upon the expiry ofsuch notice the provisions of clauses 8.2 to 8.5 shall apply as if upon the expiry ofsuch notice an Event of Default had occurred in relation to the Borrower (who shall thus be the Defaulting Party for the purposes ofthis Agreement) and as ifthe relevant loan were the only loan outstanding.

7.4 [Consequence of exercise of "buy-in" against Lender, as a result of Borrower default] In the event that, as a result ofthe failure ofthe Borrower to redeliver Equivalent Securities to the Lender in accordance with this Agreement, a "buy-in" is exercised against the Lender, then, provided that reasonable notice has been given to the Borrower ofthe likelihood ofsuch a "buy-in", the Borrower shall account to the Lender for the total costs and expenses reasonably incurred by the Lender as a result ofsuch "buy-in".
7.5 [Right of Borrower to terminate loan early] Subject to the tenns ofthe relevant Borrowing Request, the Borrower shall be entitled at any time to tenninate a particular loan of Securities and to redeliver all and any Equivalent Securities due and outstanding to the Lender in accordance with the Lender's instructions.

7A Suspended Securities

7A.I This clause 7A applies if:
(a) dealings in any borrowed Securities or Collateral Securities are suspended from trading by the stock exchange on which the Securities were listed at the time of delivery under this Agreement, whether by reason ofthe adverse position ofthe issuer or otherwise; or
- (b) for any other reason concerning the issuer ofthose Securities (such as the liquidation, provisional liquidation, administration or receivership ofthe issuer, or the Securities ceasing to be listed for trading on the stock exchange on which they were listed at the time of delivery under this Agreement), or concerning the exchange or clearing house through which they are traded, one Party is unable to transfer title to those Securities or Equivalent Securities to the Other Party.
7A.2 At any time while a situation described in clause 7A.I prevails in relation to particular borrowed or Collateral Securities (the "Suspended Securities"), either the Lender or the Borrower may give notice (a "Suspension Notice") to the other, in which event clauses 7A.3 and 7A.4 shall apply.
7A.3 If a Suspension Notice is given, the Borrower and the Lender shall promptly enter into negotiations in good faith with a view to promptly agreeing the market value of the Suspended Securities for the purposes ofthis clause 7A. Neither the Borrower nor the Lender may unreasonably withhold or delay its agreement to a market value reasonably proposed by the other Party.
7AA Any market value agreed under clause 7A.3 applies to the Suspended Securities notwithstanding thc dcfinition of Value in clause 26.

8 Set·off etc.

8.1 [Requirement for simultaneous delivery] On the datc and time that Equivalent Securities arc rcquired to be redclivcrcd by the Borrower in accordance with the

provisions ofthis Agreement the Lender shall simultaneously redeliver the Equivalent Collateral and repay any Cash Collateral held (in respect of the Equivalent Securities to be redelivered) to the Borrower. Neither Party shall be obliged to make delivery (or make a payment as the case may he) to the other unless it is satisfied that the other Party will make such delivery (or make an appropriate payment as the case may be) to it simultaneously. !fit is not so satisfied (whether because an Event of Default has occulTed in respect ofthe other Party or otherwise), it shall notify the other Party and, unless that other Party has made arrangements which arc sufficient to assure full delivery (or the appropriate payment as the case may be) to the notifying Party. the notifying Party shall (provided it is itself in a position, and willing, to perfonn its own obligations) be entitled to withhold delivery (or payment, as the case may be) to the other Party.

8.2 [Netting following occurrence of Event of Default] If an Event of Default occurs in relation to either Party, the Parties' delivery and payment obligations (and any other obligations they have under this Agreement) shall be accelerated so as to require perfonnance thereof at the time such Event of Default occurs (the date of which shall be the "Performance Date" for the purposes of this clause), and in such event:
(a) the Relevant Value ofthe Securities to be delivered (or payment to be made, as the case may be) by each Party shall be established in accordance with clause 8.3; and
(b) on the basis ofthe Relevant Values so established, an account shall be taken (as at the Perfonnance Date) of what is due from each Party to the other and (on the basis that each Party's claim against the other in respect of delivery ofEquivalent Securities or Equivalent Collateral or any cash payment equals the Relevant Value thereof) the swns due from one Party shall be set-off against the sums due from the other and only the balance ofthe account shall be payable (by the Party having the claim valued at the lower amount pursuant to the foregoing) and such balance shall be payable on the Perfonnance Date.
8.3 [Relevant Value] For the purposes of clause 8.2 the Relevant Value:
(a) of any cash payment obligation shall equal its par value (disregarding any amount taken into account under (b) or (c) below);
(b) of any Securities to be delivered by the Defaulting Party shall, subject to clause 8.4(b) and (e) below, equal the Offer Value thereof; and
(e) of any Securities to be delivered to the Defaulting Party shall, subject to clause 8.4(b) and (c) below, equallhe Bid Value thereof.

8.4 [Bid Value/Offer Value]

(a) For the purposes of clause 8.3, but subject to (b) and (c) below, the Bid Value and Offer Value of any Securities shall be calculated as at the Close of Business in the most appropriate market for Securities ofthe relevant description (as detennined by the Non-Defaulting Party) on the first Business Day following the Performance Date, or, ifthe relevant Event of Default occurs outside the nonnal business hours ofsuch market, on the second Business Day following the Performance Date (the "Default Valuation Time").

(b) Where the Non-Defaulting Party has, following the occurrence of an Event of Default but prior to the Default Valuation Time, purchased Securities forming part ofthe same issue and being of an identical type and description to those to be delivered by the Defaulting Party and in substantially the same amount as those Securities or sold Securities fonning part ofthe same issue and being of an identical type and description to those to be delivered by the Non-Defaulting Party to the Defaulting Party and in substantially the same amount as those Securities, the cost ofsuch purchase or the proceeds ofsuch sale, as the case may be, (taking into account all reasonable costs, fees and expenses that would be incurred in connection therewith) shall be treated as the Offer Value or Bid Value, as the case may be, ofthe relevant Securities
(c) Where the amount of any Securities sold or purchased as mentioned in (b) above is not in substantially the same amount as those Securities to be valued for the purposes of clause 8.3, the Offer Value or the Bid Value (as the case may be) ofthose Securities shall be ascertained by:

for the purposes ofthis clause 8.

(i) dividing the net proceeds ofsale or cost of purchase by the amount ofthe Securities sold or purchased so as to obtain a net unit price; and
(ii) multiplying that net unit price by the amount ofthe Securities to be valued.
8.5 [Interpretation: "Securities"] Any reference in this clause 8 to Securities shall include any asset other than cash provided by way ofCollateral, and, for the avoidance ofdoubt, shall include Equivalent Securities and Equivalent Collateral.
8.6 [Interpretation: "Event of Default"] Ifthe Borrower or the Lender for any reason fails to comply with its respective obligations under clause 6.6 in respect ofthe redelivery ofEquivalent Collateral or the repayment ofCash Collateral, such failure shall be an Event ofDefault for the purposes ofthis clause 8, and the person failing to comply shall thus be the Defaulting Party.
8.7 [Waiver of right to require simultaneous delivery] Subject to and without prejudice to its rights under clause 8.1, either Party may from time to time in accordance with market practice and in recognition ofthe practical difficulties in arranging simultaneous delivery of Securities, Collateral and cash transfers waive its right under this Agreement in respect ofsimultaneous delivery and/or payment; provided that no such waiver in respect ofone transaction shall bind it in respect of any other transaction.

9 Stamp duty, taxes etc and loss of tax benefits

9.1 [Stamp duty etc] The Borrower hereby undertakes promptly to pay and account for any transfer or similar duties or taxes, and any loan security or other stamp duties, (if any) chargeable in cOlUlection with any transaction effectcd pursuant to or contemplated by this Agreement, and shall indemnify and keep indemnified the Lender against any liability arising in respect thereof as a result ofthe Borrower's failure to do so.
9.2 [Borrower to give Transfer of Distribution Statement to Lender re Franked Distributions] If:

(a) an Income Payment Date occurs during an Income Determination Period in relation to a particular loan ofSecurirics;

12 -
(b) had the Lender been the holder of those Securities on the relevant Income Payment Date, it would have received a Franked Distribution in respect of those Securities;
(c) the Agreement or the relevant Confinuation states that the Lender is an Australian Taxpayer;
(d) the failure ofthe Lender to receive a Franked Distribution is not due to any unreasonable act or omission by or on behalf ofthe Lender; and
(e) neither paragraph 7 in Schedule 1 nor the relevant Confmnation states that the Lender is not entitled to compensation for the loss of Imputation Benefits;

then:

(f) the Borrower must either:
(i) ifsection 216-10 of the 1997 Tax Act applies, as soon as practicable, and in any event within 10 Business Days after the relevant Income Payment Date, give to the Lender a Transfer of Distribution Statement in respect ofthose Securities (which the Borrower is to be taken as having warranted is correct in all material respects and is effective for the purposes ofsection 216-30 ofthe 1997 Tax Act); or
(ii) otherwise, on the lOth Business Day after the relevant Income Payment Date pay to the Lender an amount equal to the Franking Credit allocated (or, under section 202-65 ofthe 1997 Tax Act, taken to have been allocated) to the Franked Distribution and specified in the Distribution Statement for that Franked Distribution.
9.3 [Deleted.]
9.4 ("Notifiable consideration" for the purposes ofs 26BC(3)(d) of the 1936 Tax Act] For the purposes ofsection 26BC(3)(d) ofthe 1936 Tax Act, the notifiable consideration in respect of any loan of Securities is dissected as follows:
(a) a fcc see clause 5.1 (as applicable); and
(b) other consideration see clauses 4.2, 6 and 9 and the definition of "Equivalent Securities" in clause 26.
9.5 [GST]
(a) All payments (including the provision of any non-monetary consideration) to be made by either Party under or in connection with this Agreement have been calculated without regard to GST.
(b) Ifall or part orany such payment is the consideration tor a Taxable Supply, then, when the payer makes the payment, the payer must, after receipt of a Tax Invoice, pay to the supplier additional consideration equal to the GST Amount. Such additional amount is to be paid on the earlier of:
- (i) the date ofthe tirst payment for the Taxable Supply; and
(ii) the date five Business Days after the date on which the Tax Invoice for the Taxable Supply is received by the payer.
(c) Where under or in connection with this Agreement a Party is required to reimburse or indemnify for an amount, that Party will pay the relevant amount:
(i) including any sum in respect ofGST which has been paid by the payee upon any supply made to the payee in connection with the circumstances giving rise to the operation ofthe indenmity or right of reimbursement;
(ii) less any GST Input Tax Credit that that Party detennines (acting reasonably) that the payee is entitled to claim in respect ofthe circumstances giving rise to the operation ofthe indemnity or right of reimbursement.
(d) If a person is a member ofa GST Group, references to GST for which the person is liable and to Input Tax Credits to which the person is entitled include GST for which the Representative Member ofthe GST Group is liable and Input Tax Credits to which the Representative Member is entitled.
(e) In this clause:

GST means the goods and services tax as imposed by the GST Law together with any related interest, penalties, fines or other charges.

GSTAmount means in relation to a Taxable Supply the amount ofGST for which the supplier is liable in respect ofthe Taxable Supply.

GST Group has the meaning given to this tcrm by the GST Law.

GST Law has the meaning given to that term in A New Tax System (Goods and Services Tax) Act 1999 (or, ifthat Act does not exist for any reason, means any Act imposing or relating to the imposition or administration of a goods and services tax in Australia) and any regulation made under that Act.

Input Tax Credit has the meaning given to that term by the GST Law.

Invoice has the meaning given to that term by the GST Law.

Representative Member has the meaning given to that term by the GST Law.

Taxable Supply has the meaning given to thaL term by the GST Law.

Tax Invoice has the meaning givcn to that term by the GST Law.

9.6 [Non-Australian GST]
(a) All payments (including the provision of any non-monetary consideration) to be made by either Party under or in connection with this Agreement have been calculated without regard to on-Australian GST.
(b) Ifall or part of any such payment is the consideration for a supply ofgoods or scrvices (however dermed) in respect of which Non-Australian GST is payable (whether by a Party or its Related Entities or any person on its behalf or in its place (the "supplier")) to any relevant tax authority or government agency, the other Party mlL,;t pay to the supplier additional

consideration equal to the amount of any such Non-Australian GST. Such additional amount is to be paid on demand by the supplier.

(c) Where under or in connection with this Agreement a Party is required to reimburse or indemnify for an amount, that Party will pay the relevant amount:
(i) including any sum in respect of non-Australian GST which has been paid by the payee upon any supply made to the payee in COIUlcction with the circumstances giving rise to the operation ofthe indemnity or right ofreimbursement;
(ii) less any input tax credit (however defined or described) that that Party detennines (acting reasonably) that the payee is entitled under the law applicable to that Non-Australian GST to claim in respect of the circumstances giving rise to the operation ofthe indemnity or right ofreimbursement.
(d) In this clause, the expression Non-Australian GSTmeans any goods and services tax, value added tax or similar transactional tax, however described, imposed on supplies of goods or services (however defined) under the law of any jurisdiction outside Australia, together with any related interest, penalties, fines or other charges.

9.7 [Grossing up]

(a) All payments under clauses 4.2 (a), 5.1(a), 5.1(b) and 13 ofthis Agreement are to be made free and clear of, and without any deduction or withholding for or on account of, any taxes.
(b) Accordingly, if any deduction or withholding in respect of any such payment is required by law, as modified by the practice of any relevant taxing authority, then the payer must:
(i) pay to the other Party, in addition to the payment to which that other Party is otherwise entitled under this Agreement, such additional amount as is necessary to ensure that the net amount (free and clear of any taxes payable by deduction or withholding, whether assessed against one Party or the other) will equal the full amount that that other Party would have received had no such deduction or withholding been required;
(ii) promptly pay to the relevant taxing authority the full amount ofthe deduction or withholding by the payer; and
(iii) forward to the payee on request a copy of any official receipt or other evidence showing that the full amount of any such deduction or withholding has been paid over to the relevant taxing authority.
(c) Otherwise, unless otherwise agreed in respect ora particular loan of Securities or a particular payment, no such gross up is required in respect of any payment under this Agreement.

10 Lender's warranties

[Lender's warranties] Each Party hereby warrants and undertakes to the other on a continuing basis, to the intent that such warranties shall survive the completion of any transaction contemplated by this Agreement, that, where acting as a Lender:

(a) it is duly authorised and empowered to perform its duties and obligations under this Agreement;
(b) it is not restricted under the terms ofits constitution or in any other malUler from lending Securities in accordance with this Agreement or from otherwise performing its obligations under this Agreement;
(c) it is absolutely entitled to pass full legal and beneficial ownership of all Securities provided by it under this Agreement to the Borrower free from all liens, charges, equities and encumbrances;
(d) where paragraph 3 in Schedule 1 specifies that this clause 10(d) applies, it is not resident in Australia for the purposes ofthe Tax Act and either:
(i) does not have a branch or other pennanent establishment in Australia for the purposes ofthe Tax Act or of any applicable double tax agreement between Australia and its country of tax residence; or
(ii) if it does have such a branch or other pennanent establishment in Australia, that the loan is not entered into in the course of canying on business through such branch or pennanent establishment; and
(e) unless clause 14 applies, it is acting as principal in respect ofthis Agreement.

11 Borrower's warranties

[Borrower's warranties] Each Party hereby warrants and undertakes to the other on a continuing basis, to the intent that such warranties shall survive the completion of any transaction contemplated by this Agreement, that, where acting as a Borrower:

(a) it has all necessary licences and approvals, and is duly authorised and empowered, to perfonn its duties and obligations under this Agreement and will do nothing prejudicial to the continuation ofsuch authorisation, licences or approvals;
(b) it is not restricted under the tenus of its constitution or in any other maMer from borrowing Securities in accordance with this Agreement or from otherwise perfonuing its obligations under this Agreement;
(c) it is absolutely entitled to pass full legal and beneficial ownership of all Collateral provided by it under this Agreement to the Lender free from all liens, charges, equities and encumbrances;
(d) it is acting as principal in respect of this Agreement; and
(e) unless otherwise agreed, it shall in respect of every loan of Securities return to the Lender Equivalent Securities not later than 360 days from the date of delivery by the Lender ofthe original Securities to the Borrower.

12 Events of Default

12.1 [Events of Default] Each ofthe following events occurring in relation to either Party (the "Defaulting Party", the other Party being the "Non-Defaulting Party") shall be an Event of Default for the purpose ofclause 8:
(a) the Borrower or Lender failing to payor repay Cash Collateral or deliver or redeliver Collateral or Equivalent Collateral upon the due date, and the Non~ Defaulting Party serves written notice on the Defaulting Party;
(b) the Lender or Borrower failing to comply with its obligations under clause 6, and the Non-Defaulting Party serves wrincn notice on the Defaulting Party;
(c) the Borrower failing to comply with clause 4.2 or clause 9.2 and the on-Defaulting Party serves written notice on the Defaulting Party;
(d) an Act of Insolvency occurring with respect to the Lender or the Borrower and (except in the case of an Act of Insolvency which is the presentation of a petition for winding up or any analogous proceeding or the appointment ofa liquidator or analogous officer ofthe Defaulting Party in which case no such notice shall be required) the Non-Defaulting Pany serves written notice on the Defaulting Party;
(e) any representations or warranties made by the Lender or the Borrower being incorrect or untrue in any material respect when made or repeated or deemed to have been made or repeated, and the Non·Defaulting Party serves written notice on the Defaulting Party;
(f) the Lender or the Borrower admitting to the other that it is unable to, or it intends not to, perfonn any ofits obligations hereunder and/or in respect of any loan hereunder, and the Non-Defaulting Party serves written notice on the Defaulting Party;
(g) the Lender (if appropriate) or the Borrower being declared in default by the appropriate authority under the Rules or being suspended or expelled from membership of or participation in any securities exchange or association or other self-regulatory organisation, or suspended from dealing in securities by any government agency, and the Non-Defaulting Party serves written notice on the Defaulting Party;
(h) any ofthe assets ofthe Lender or the Borrower or the assets ofinvestors held by or to the order ofthe Lender or the Borrower being ordered to be transferred to a trustee by a regulatory authority pursuant to any securities regulating legislation and the Non-Defaulting Party serves written notice on the Defaulting Party, or
(i) the Lender or the Borrower failing to perform any other of its obligations hereunder and not remedying such failure within 30 days after the Non· Defaulting Pany serves written notice requiring it to remedy such failure, and the on-Defaulting Party serves a funher written notice on the Defaulting Party.
12.2 [Obligation of each Party to notify its Event of Default] Each Party shall notify the other iran event occurs which would constitute an Event of Default in relation to it with the giving of notice.

13 Outstanding payments

[Default interest] In the event of either Party failing to remit sums in accordance with this Agreement, such Party hereby undertakes to pay to the other Party upon demand interest (before as well as after judgment) on the net balance due and outstanding, for the period conunencing on and inclusive ofthe original due date for payment to (but excluding) the date of actual payment, in the same currency at a ratc per annum equal to the cost (without proof or evidence of any actual cost) to the relevant payee (as certified by it in good faith) if it were to fund or of funding the relevant amount, plus 2% (or other agreed percentage) per annum.

14 Transactions entered into as agent

14.1 [Agency Transactions] Subject to the following provisions ofthis clause, the Lender may enter into loans as agent (in such capacity, the "Agent") for a third person (a "Principal"), whether as custodian or investment manager or otherwise (a loan so entered into being referred to in this clause as an "Agency Transaction").
14.2 [Conditions for Agency Transactions] A Lender may enter into an Agency Transaction if, but only if:
(a) it specifies that loan as an Agency Transaction at or before the time when it enters into it;
(b) it enters into that loan on behalf of a single Principal whose identity is disclosed to the Borrower (whether by name or by reference to a code or identifier which the Parties have agreed will be used to refer to a specified Principal) at the time when it enters into the loan or as otherwise agreed between the Parties;
(c) it has at the time when the loan is entered into actual authority to enter into the loan and to perfonn on behalf ofthat Principal all ofthat Principal's obligations under the agreement referred to in clause 14.4(b) below; and
(d) the Borrower has agreed that the Lender may act as Agent in respect ofthe relevant loan, including as indicated (if at all) in paragraph 8 in Schedule 1.
14.3 [Undertakings by Lender] The Lender undertakes that, if it enters as agent into an Agency Transaction, forthwith upon becoming aware:
(a) ofany event which constitutes an Act ofInsolvency with respect to the relevant Principal; or
(b) of any breach of any ofthe warranties given in clause 14.5 below or of any event or circumstance which has the result that any such warranty would be untrue if repeated by reference to the current facts,

it will infonn the Borrower ofthat fact and will, ifso required by the Borrower, furnish it with such additional infonnation as it may reasonably request.

14.4 [Consequences of Agency Transaction]

(a) Each Agency Transaction shall be a transaction between the relevant Principal and the Borrower and no person othcr than the relevant Principal and the Borrower shall be a party to or have any rights or obligations under an Agency Transaction. Without limiting the foregoing, the Lender shall not be liable as principal for the perfonnance ofan Agency Transaction or for breach of any warranty contained in clause lO(d) ofthis Agreement, but this is without prejudice to any 1iability afthe Lender under any other provision ofthis clause.

(b) All the provisions ofthe Agreement shall apply separately as between the Borrower and each Principal for whom the Agent has entered into an Agency Transaction or Agency Transactions as if each such Principal were a party to a separate agreement with the Borrower in all respects identical with this Agreement other than this paragraph and as jfthe Principal were Lender in respect afthat agreement; provided that:
(i) jfthere occurs in relation to the Agent an Event of Default or an event which would constitute an Event of Default ifthe Borrower served written notice under any paragraph of clause 12, the Borrower shall be entitled by giving written notice to the Principal (which notice shall be validly given to the Lender in accordance with clause 20) to declare that, by reason of that event, an Event of Default is to be treated as occurring in relation to the Principal. If the Borrower gives such a notice, then an Event of Default shall be treated as occurring in relation to the Principal at the time when the notice is deemed to be given; and
(ii) ifthe Principal is neither incorporated nor has established a place of business in Australia, the Principal shall for the purposes ofthe agreement referred to in the preamble in this paragraph (b) be deemed to have appointed as its agent to receive on its behalfservice of process in the courts ofAustralia the Agent, or, if the Agent is neither incorporated nor has established a place ofbusiness in Australia, the person appointed by the Agent for the purposes ofthis Agreement, or such other person as the Principal may from time to time specify in a written notice given to the other party.
(c) The foregoing provisions of this clause do not aflect the operation ofthe Agreement as between the Borrower and the Lender in respect of any transactions into which the Lender may enter on its own account as principal.
14.5 [Warranty by Lender] The Lender warrants to the Borrower that it will, on every occasion on which it enters or PUl1'0rts to enter into a transaction as an Agency Transaction, have been duly authorised to enter into that loan and perform the obligations arising thereunder on behalfofthe person whom it specifies as the Principal in respect of that transaction and to perform on behalf ofthat person all the obligations ofthat person under the agreement referred to in clause 14.4(b).

15 Termination of course of dealings by notice

Each Party shall have the right to bring the course of dealing contemplated under this Agreement to an end by giving not less than 15 Business Days' notice in writing to the other Party (which notice shall specify the date of termination), subject to an obligation to ensure that all loans which have been entered into but not discharged at the time such notice is given are duly discharged in accordance with this Agreement and with the Rules (if applicable).

16 No reliance on tax or accounting representations by other Party

Each Party acknowledges, represents and warrants (0 the other that, except as expressly stated in this Agreement or any Confirmation:

(a) it has not relied on any advice, statement, representation or conduct of any kind by or on behalf ofthe other Party in relation to any tax (including stamp duty) or accounting issues concerning this Agreement or any transactions effected under it; and

(b) it has made its own detennination as to the tax (including stamp duty) and accounting consequences and treatment of any transaction effected under this Agreement, including (without limitation) ofany moneys paid or received or any property transferred or received in cotUlection with any such transaction.

17 Observance of procedures

Each ofthe Parties hereto agrees that, in laking any action that may be required in accordance with this Agreement, it shall observe strictly the procedures and timetable applied by the Rules (if and to the extent applicable) and, further, shall observe strictly any agreement (oral or otherwise) as to the time for delivery or redelivery of any money, Securities, Equivalent Securities, Collateral or Equivalent Collateral entered into pursuant to this Agreement.

18 Severance

If any provision ofthis Agreement is declared by any judicial or other competent authority to be void or otherwise unenforceable, that provision shall be severed from the Agreement and the remaining provisions ofthis Agreement shall remain in full force and effect. The Agreement shall, however, thereafter be amended by the Parties in such reasonable manner so as to achieve, without illegality, thc intention of the Parties with respect to that severed prOVISIon.

19 Specific performance

Each Party agrees that, in relation to legal proceedings, it will not seek specific perfonnance ofthe other Party's obligation to deliver or redeliver Securities, Equivalcnt Securities, Collateral or Equivalent Collateral, but without prejudice to any other rights it may have.

20 Notices

1. I ("Effectiveness] Any notice or other communication in respect ofthis Agreement may be given in any manner set forth below (except that a notice or other communication under clause 12 or c1ausc 15 may not bc given by facsimi Ie transmission or electronic messaging system) to the address or number or in accordance with the electronic messaging system details provided (see paragraph 6 in Schedule I) and will be deemed effective as indicated:
(a) if in writing and delivered in pcrson or by courier, on the date it is delivered;
(b) ifscnt by telex, on the date the recipient's answerback is received;

(e) ifsent by facsimile transmission, on the date that transmission is received by a responsible employee ofthe recipient in legible fann (it being agreed that the burden of proving receipt will he on the sender and may be met by a transmission report generated by the sender's facsimile machine);

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Cd) ifsent by certified or registered mail (airmail, if overseas) or the equivalent (return receipt requested), on the date that mail is delivered or its delivery is attempted; or
(e) ifsent by electronic messaging system, on the date that electronic message is received,

unless the date ofthat delivery (or attempted delivery) or the receipt, as applicable, is not a Business Day or that communication is delivered (or attempted) or received, as applicable, after the close of business on a Business Day, in which case that communication shall be deemed given and effective on the fIrst following day that is a Business Day.

20.2 (Change of Address] Either Party may by notice to the other change the address, telex or facsimile number or electronic messaging system details at which notices or other communications are to be given to it.

21 Assignment

Neither Party may assign, transfer or otherwise dispose of all or any of its rights or obligations under this Agreement without the prior written consent ofthe other Party.

22 Non-Waiver

No failure or delay by either Party to exercise any right, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power or privilege preclude any other or further exercise thereofor the exercise of any other right, power or privilege as provided in this Agreement.

23 Time

Time shall be ofthe essence ofthe Agreement.

24 Recording

The Parties agree that each may electronically record all telephonic conversations between them.

25 Miscellaneous

25.1 [Entire Agreement] This Agreement constitutes the entire agreement and understanding of the Parties with respect to its subject matter and supersedes all oral communication and prior writings with respect thereto.
25.2 (Amendments] No amendment in respect ofthis Agreement will be effective unless in writing (including a writing evidenced by a facsimile transmission) and cxccuttld

by each ofthe Parties or continued by an exchange ofte1cxes or electronic messages on an electronic messaging system.

25.3 (Survival of Obligations) The obligations ofthe Parties under trus Agreement will survive the termination of any transaction.
25.4 (Remedies Cumulativel Except as provided in this Agreement, the rights, powers, remedies and privileges provided in this Agreement are cumulative and not exclusive of any rights, powers, remedies and privileges provided by law.
25.5 (Counterpartsl This Agreement (and each amendment in respect ofit) may be executed and delivered in counterparts (including by facsimile transmission), each of which will be deemed an original.
25.6 [Expenses) A Defaulting Party wiU, on demand, indemnify and hold hannless the other Party for and against all reasonable out-of-pocket expenses, including legal fees and stamp duty, incurred by such other Party by reason ofthe enforcement and protection of its rights under this Agreement or by reason ofthe early termination of any transaction, including, but not limited to, costs ofcollection.

26 Definitions

In this Agreement:

Act of Insolvency means in relation to either Party:

(a) its making a general assignment for the benefit of, or entering into a reorganisation, arrangement, or composition with creditors; or
(b) its admitting in writing that it is unable to pay its debts as they become due; or
(c) its seeking, consenting to or acquiescing in the appointment of any trustee, administrator, receiver or liquidator or analogous officer of it or any material part of its property; or
(d) the presentation or tiling ofa petition in respect of it (other than by the other Party to this Agreement in respect of any obligation under this Agreement) in any court or before any agency alleging or for the bankruptcy, winding-up or insolvency ofsuch Party (or any analogous proceeding) or seeking any reorganisation, arrangement, composition, re-adjustment, administration, liquidation, dissolution or similar relief under any present or future statute, law or regulation, such petition (except in the case of a petition for winding-up or any analogous proceeding in respect of which no such 30 day period shall apply) not having been stayed or dismissed within 30 days of its filing; or
(e) the appointment of a receiver, administrator, liquidator or trustcc or analogous officer ofsuch Party over all or any material part ofsuch Party's property; or
(0 the convening of any meeting of its creditors for the purpose of considering a compromise or arrangement within Pan 5.1 ofthe Corporations Law of Australia (or any analogous proceeding).

in this definition:

(g) "liquidator" shall be deemed to include a "provisional liquidator";

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(h) "receiver" shall be deemed to include a "receiver and manager";
(i) "administrator" shall be deemed to include an "official manager";
U) "arrangement" shall be deemed to include a "scheme of arrangement"; and
(k) "creditors" shall be deemed to include "any class ofcreditors".

Agent has the meaning given in clause 14.

Alternative Collateral means Collateral ora Value equal to the Collateral delivered pursuant to clause 6 and provided by way ofsubstitution for Collateral originally delivered or previously substituted in accordance with the provisions of clause 6.5.

Australian Taxpayer means any person other than:

(a) a Party who is not a resident of Australia for the pUl]Joses ofthe Tax Act (whether that Party is acting as a trustee, nominee or agent or in some other capacity) at the time a Distribution is paid; or
(b) a Party who is acting in the capacity oftrustee, nominee or agent for a person who is not a resident of Australia for the purposes ofthe Tax Act at the time a Distribution is paid.

Bankers Acceptances has the meaning given in paragraph 1.1 (d) in Schedule I.

Base Currency has the meaning given in paragraph 2 in Schedule 1.

Bid Price, in relation to Equivalent Securities or Equivalent Collateral, means the best available bid price thereof on the most appropriate market in a standard size.

Bid Value, subject to clause 8.5, means:

(a) in relation to Equivalent Collateral at a particular time:
(i) in relation to Collateral type (h) (more specifically referred to in paragraph 1.1 in Schedule I), the Value thereof as calculated in accordance with paragraph 1.2(d) in Schedule I;
(ii) in relation to all other types ofCollateral (more specifically referred to in paragraph 1.1 in Schedule I), the amount which would be received on a sale ofsuch Collateral at the Bid Price thereof at such time less aU costs, fees and expenses that would be incurred in connection with selling or otherwise realising such Equivalent Collateral, calculated on the assumption that the aggregate thereof is the least that could reasonably be expected to be paid in order to carry out such sale or realisation and adding thereto the amounl of any interest, dividends, distributions or other amounts paid to the Lender and in respect ofwhich equivalent amounts have not been paid to the Borrower in accordance with clause 6.7 prior to such time in

respect ofsuch Equivalent Collateral or the original Collateral held gross of all and any tax deducted or paid in respect thereof; and

(b) in relation to Equivalent Securities at a particular time, the amount which would be received on a sale ofsuch Equivalent Securities at the Bid Price thereof at such time less all costs, fees and expenses that would be incurred in connection therewith, calculated on the assumption that the aggregate thereofis the least that could reasonably be expected to be paid in order to carry out the transaction.

Borrower, in relation to a particular loan ofSecurities, means the Borrower as referred to in Recital A ofthis Agreement.

Borrowing Request means a request which may be oral or in writing in such form as is agreed between the Parties (a written example of which comprises Schcdule 2 to this Agreement) by the Borrower to the Lender pursuant to clause 2.1 specifying, as necessary:

(a) the description, title and amount ofthe Securities required by the Borrower;
(b) the dcscription (if other than Australian currency) and amount of any Collateral to be provided;
(c) the proposed Settlement Date;
(d) the duration ofsuch loan (if other than indefinite);
(e) the mode and place of delivery, which shall, where relevant, include the bank, agent, clearing or settlement system and account to which delivery ofthe Securities and any Collateral is to be made;
(f) the Margin in respect ofthe transaction (if different from that stated in Schedule I or Schedule 3, as appropriate); and
(g) the Fee.

Business Day means a day on which banks and securities markets are open for business generally in each place stated in paragraph 5 in Schedule I and, in relation to the delivery or redelivery ofany ofthe following in relation to any loan, in the place(s) where the relevant Securities, Equivalent Securities, Collateral (including Cash Collateral) or Equivalent Collateral are to be delivered.

Cash Collateral means Collateral that takes the form of a deposit of currency.

Close of Business means:

(a) in rclation to any borrowing ofSecurities or redelivery of Equivalent Securities under this Agreement, the final time on a Business Day at which settlement ofthe transfer ofthose Securities can take place in order to constitute good delivery on that day; and
(b) in relation to the provision ofCollateral or return ofEquivalent Collateral or the making of any other payment under this agreement, the time at which trading banks close for general banking business in

the place in which payment is to be made or Collateral or Equivalent Collateral is to be delivered or rcdelivered.

Collateral means such securities or financial instruments or deposits of currency as are referred to in paragraph 1.1 in Schedule I or any combination thereof which are delivered by the Borrower to the Lender in accordance with this Agreement and includes the certificates or other documents ofritle (if any) and transfer in respect ofthe foregoing (as appropriate), and includes Alternative CollateraL

Confirmation means the Borrowing Request, as it may be amended pursuant to clause 2.2, or other continuing evidence exchanged between the Parties continuing the tenus of a transaction.

Defaulting Party has the meaning given in clause 12.

Distribution has the meaning given to that tenn in section 995-1(1) ofthe 1997 Tax Act.

Distribution Statement means a statement given in accordance with section 202~80 (as it may be finally amended under section 202-85) ofthe 1997 Tax Act.

Equivalent Collateral or Collateral equivalent to, in relation to any Collateral provided under this Agreement, means securities, cash or other property, as the case may be, of an identical type, nominal value, description and amount to particular Collateral so provided and shall include the certificates or other documents oftitle (if any) and transfer in respect ofthe foregoing (as appropriate). If and to the extent that such Collateral consists of securities that are partly paid or have been converted, subdivided, consolidated, redeemed, made the subject of a takeover, capitalisation issue, rights issue or event similar to any ofthe foregoing, the expression shall have the following meanmg:

(a) in the case of conversion, subdivision or consolidation the securities into which the relevant Collateral has been converted, subdivided or consolidated provided that, if appropriate, notice has been given in accordance with clause 4.2(b);
(b) in the case ofredemption, a sum ofmoney equivalent to the proceeds ofthe redemption;
(c) in the case ofa takeover, a sum ofmoney or securities, being the consideration or alternative consideration of which the Borrower has given notice to the Lender in accordance with clause 4.2(b);
(d) in the case ofa call on partly paid securities, the paid-up securities prOVided that the Borrower shall have paid to the Lender an amount ofmoney equal to the sum due in respect ofthe call;
(e) in the case ofa capitalisation issue, the relevant Collateral together with the securities allotted by way of a bonus thereon;
(I) in the case ora rights issue, the relevant Collateral together with the securities allotted thereon, provided that the Borrower has given notice to the Lender in accordance with clause 4.2(b), and has paid to the Lender all and any sums due in respect thereof;
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(g) in the event that a payment or delivery of lncomc is made in respect of the relevant Collateral in the form ofsecurities or a certificate which may at a future date be exchanged for securities or in the event of an option to take Income in the form ofsecurities or a certificate which may at a future date be exchanged for securities, and notice has been given to the Lender in accordance with clause 4.2(b), the relevant Collateral together with securities or a certificate equivalent to those alloned;and

(h) in the case ofany event similar to any ofthe foregoing, the relevant Collateral together with or replaced by a sum ofmoney or securities equivalent to that received in respect ofsuch Collateral resulting from such event.

For the avoidance ofdoubt, in the case or Bankers' Acceptances (Collateral type (d», Equivalent Collateral must bear dates, acceptances and endorsements (if any) by the same entities as the bill to which it is intended to be equivalent and. for the purposes ofthis definition. securities are equivalent to other securities where they arc ofan identical type. nominal value, description and amount and such tenn shall include the certificate and other documents of or evidencing title and transfer in respect ofthe foregoing (as appropriate).

Equivalent Securities means securities ofan identical type, nominal value, description and amount to particular Securities borrowed and such tenn shall include the certificate and other documents ofor evidencing title and transfer in respect ofthe foregoing (ifappropriate). If and to the extent that such Securities are partly paid or have been converted, subdivided. consolidated, redeemed, made the subject of a takeover, capitalisation issue. rights issue or event similar to any ofthe foregoing, the expression shall have the following meamng:

(a) in the case of conversion, subdivision or consolidation the securities into which the borrowed Securities have been converted, subdivided or consolidated provided that if appropriate, notice has been given in accordance with clause 4.2(b);
(b) in the case ofredemption, a sum ofmoney equivalent to the proceeds ofthe redemption;
(c) in the case ofa takeover, a sum ofmoney or securities, being the consideration or alternative consideration of which the Lender has given notice to the Borrower in accordance with clause 4.2(b);
(d) in the case ofa call on partly paid securities, the paid-up securities provided that the Lender shall have paid to the Borrower an amount ofmoney equal to the sum due in respect ofthe cal1;
(e) in the case ofa capitalisation issue, the borrowed Securities together with the securities allotted by way of a bonus thereon;
(f) in the case ofa rights issue. the borrowed Securities together with the securities allotted thereon. provided that the Lender has given notice to the Borrower in accordance with clause 4.2(b), and has paid to the Borrower all and any sums due in respect thereof;
(g) in the event that a payment or delivery of Income is made in respect of the borrowed Securities in the Conn ofsecurities or a certificate which may at a future date be exchanged for securities or in the event of an option to take Income in the form ofsecurities or a certificate which may at a future date be exchanged for securities, and notice has been given to the Borrower in accordance with clause 4.2(b), the borrowed Securities together with securities or a certificate equivalent to those allotted; and
(h) in the case of any event similar to any ofthe foregoing, the borrowed Securities together with or replaced by a sum ofmoney or securities equivalent to that received in respect ofsuch borrowed Securities resulting from such event.

For the purposes ofthis definition, securities are equivalent to other securities where they are of an identical type. nominal value, description and amount and such term shall include the certificate and other documents ofor evidencing title and transfer in respect ofthe foregoing (as appropriate).

Event of Default has the meaning given in clause 12.

Fee, in respect ofa transaction, means the fee payable by one Party to the other in respect ofthat transaction under clause 5.

Franked Distribution has the meaning given to that term in section 995-1(1) ofthe 1997 Tax Act.

Franking Credit has the meaning given to that tcrm in section 995-1( I) ofthe 1997 Tax Act.

Imputation Benefits has the meaning given to that tenn in section 204-30(6) (other than paragraph (d) thereof) of the 1997 Tax Act.

Imputation System has the meaning given to that tenn in section 995-1(1) of the 1997 Tax Act.

Income means any dividends, interest or other distributions of any kind whatsoever with respect to any Securities or Collateral.

Income Determination Period, in relation to a particular loan ofSecurities, means;

(a) in relation to the Securities, the period commencing when the Securities cease to be registered in the name ofthe Lender (or the relevant transferor) upon or before delivery ofthose Securities under clause 3 and ending when Equivalent Securities arc registered in the name ofthe Lender (or the relevant transferee) upon or following redelivery ofthose Equivalent Securities under clause 7.1; and
(b) in relation to Collateral (other than Cash Collateral), the period commencing when the Collateral ceases to be registered in the namc of the Borrower (or the relevant transferor) upon or before delivery of that Collateral under clause 6.1 and ending when Equivalent Collateral is registered in the name ofthe Borrower (or the relevant transferee) upon or following redelivery ofthat Equivalent Collateral under clause 6.6.
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Income Payment Date, in relation to any Securities or Collateral, means the date on which Income is paid in respect ofsuch Securities or Collateral, or, in the case ofregistered Securities or Collateral, the date by reference to which particular registered holders are identified as being entitled to payment of Income.

Lender, in relation to a particular loan ofSecurities, means the Lender as referred to in Recital A ofthis Agreement.

Margin has the meaning in paragraph 1.3 in Schedule I.

Nominee means an agent or a nominee appointed by either Party to accept delivery of, hold or deliver Securities, Equivalent Securities, Collateral and/or Equivalent Collateral on its behalf whose appointment has been notified to the other Party.

Non-Defaulting Party has the meaning given in clause 12.

Offer Price, in relation to Equivalent Securities or Equivalent Collateral, means the best available offer price thereof on the most appropriate market in a standard size.

Offer Value, subject to clause 8.5, means:

(a) in relation to Collateral equivalent to Collateral type (h) (more specifically referred to in paragraph 1.1 in Schedule 1), the Value thereof as calculated in accordance with paragraph 1.2(d) in Schedule 1; and
(b) in relation to Equivalent Securities or Collateral equivalent to all other types ofCollateral (marc specifically referred to in paragraph 1.1 in Schedule I), the amount it would cost to buy such Equivalent Securities or Equivalent Collateral at the Offer Price thereof at such time plus all costs, fees and expenses that would be incurred in connection therewith, calculated on the assumption that the aggregate thereofis the least that could reasonably be expected to be paid in order to carry out the transaction.

Paid, in relation to a Distribution, includes credited, distributed or issued and like tenus are to be construed accordingly.

Parties means the Lender and the Borrower and Party shall be construed accordingly.

Performance Date has the meaning given in clause 8.

Posted Collateral has the meaning given in clause 6.2(a)(i).

Principal has the meaning given in clause 14.

Reference Price means:

(a) in relation to the valuation ofSecurities, Equivalent Securities, Collateral and/or Collateral equivalent to type (g) or (i) (more specifically referred to in paragraph 1.1 in Schedule I), such price as is equal to the mid market quotation ofsuch Securities, Equivalent Securities, Collateral and/or Equivalent Collateral as derived from a

reputable pricing infonnation sc:rvil,;c (such as the services provided by SEATS, Bloomberg or Reuters) reasonably chosen in good faith by the Lender or if unavailable the market value thereof as derived from the prices or rates bid by a reputable dealer for the relevant instrument reasonably chosen in good faith by the Lender, in each case a1 Close of Business on the previous Business Day; and

(b) in relation to the valuation ofSecurities, Equivalent Securities, Collateral andlor Collateral equivalent to Collateral types (b)-(f) (more specifically referred to in paragraph 1.1 in Schedule 1), the market value thereof as derived from the prices or rates bid by a market maker or reputable dealer for the relevant instrument reasonably chosen by the Lender in good faith or, in the absence ofsuch a bid, the average of the rates bid by two leading market makers reasonably chosen in good faith by the Lender in each case at Close ofBusiness on the previous Business Day.

Relcvant Payment Datc has the meaning given in clause 4.2(a).

Required Collateral Value has the meaning given in clause 6.3.

Rules means the rules for the time being ofthe Stock Exchange (where either Party is a member ofthe Stock Exchange) and/or any other regulatory authority whose rules and regulations shall from time to time affect the activities ofthe Parties pursuant to this Agreement (provided that in an Event of Default, where either Party is a member ofthe Stock Exchange, the Rules and Regulations ofthe Stock Exchange shall prevail).

Securities means "eligible securities" within the meaning ofsection 26BC(I) ofthe 1936 Tax Act which the Borrower is entitled to borrow from the Lender in accordance with the Rules and which may be or are the subject of a loan or provided as Collateral pursuant to this Agreement and such tenn shall include the certificates or other documents oftitle (if any) in respect ofthe foregoing.

Settlement Date means the date upon which Securities are or are to be transferred to the Borrower in accordance with this Agreement.

Standard Settlement Time in relation to a Security means the 'period oftime within which transactions in such Securities are customarily required to be setded.

Stock Exchange means the Australian Stock Exchange Limited.

Tax Act includes:

(a) the Income Tax Assessment Act 1936 (the "1936 Tax Act");
(b) the Income Tax Assessment Act 1997 (the "1997 Tax Act"); and
(c) Schedule 1 to the Taxation Administration Act 1953.

Transfer means:

(a) in relation to Cash, payment or delivery by wire transfer into one or more bank accounts;

(b) in relation to certificated securities that cannot, or which the Parties have agreed will not, be paid or delivered by book-entry, payment or delivery in appropriate physical fonn to the recipient or its account accompanied by any duly executed instruments oftransfer, assignments in blank, transfcr tax stamps and any other documents necessary to constitute a valid and legally effective transfer to the recipient;
(c) in relation to securities that must, or which the Parties have agreed will, be paid or delivered by book-entry, initiating the Transfer by the giving of written instructions (including instructions given by telephone, facsimile transmission, telex, e-mail or message generated by an electronic messaging system or otherwise) to the relevant depository institution or other entity specified by the recipient, together with a written copy thereof to the recipient, sufficient if complied with to result in a valid and legally effective transfer ofthe relevant interest to the recipient.

Transfer of Distribution Statement, in relation to Distributions, means a properly completed document in the fonn, or substantially in the fonn, of Appendix 6.27 to the Rules or a properly completed statement in another fonn which is acceptable for the purposes ofsection 2l6~30 ofthe 1997 Tax Act.

Transferring Party means the Party making or effecting a Transfer to the other Party.

Value at any particular time means, in relation to Securities and Equivalent Securities, the Reference Price thereof then current and in respect ofCollateral andlor Equivalent Collateral such worth as detennined in accordance with paragraph 1.2 in Schedule 1.

27 Governing Law and Jurisdiction

27.1 [Governing law] This Agreement is governed by, and shall be construed in accordance with, the law in force in New South Wales, Australia.
27.2 [Consent to jurisdiction] Each Party irrevocably and unconditionally submits to the non-exclusive jurisdiction of the courts ofNew South Wales in respect of any dispute in cOlUlection with this Agreement.

EXECUTED as an agreement

Schedule 1 Particulars

I COLLATERAL (see definition in clause 26, and also clause 6)

1.1 Types (see definition of"Colla/erarin clause 26)

Collateral acceptable under this Agreement may include the following or otherwise. as agreed between the Partics from time to time, whether transferable by hand or within a depositary:

(al Cash;
(b) Australian Government Inscribed Stock;
(e) Australian, State or Territory Government slock, bonds or promissory notes (including those issued by any central borrowing authority such as Treasury Corporation of New South Wales);
(d) Bills of exchange accepted by any bank carrying on business in Australia (<<Bankers Acceptances") with an S&P rating ofAl+ or a Moody's rating of PI;
(e) Promissory notes issued by any such bank;
(t) Negotiable Certificates of Deposit issued by any such bank;
(g) Corporate bonds in registrable fonn;
(h) Irrevocable Standby Letters ofCredit issued orconfinned by any such bank; and
(i) At the discretion ofthe Lender, Equity Securities listed on the Australian Stock Exchange and included in the S&P/ASX 200 Index.

1.2 Valuation of Collateral (see definition o!"Value " in clause 26 and clause 6.2)

Collateral provided in accordance with this Agreement shall be evaluated by reference to the following, or by such means as the Parties may from time to time agree:

(a) in respect ofCollateral type (a), the amount thereof in, or converted into, the Base Currency;
(b) in respect ofCollateral type (b), the value calculated by reference to the middle market price of each stock as determjned daily by the Reserve Bank of Australia, adjusted to include the accwnulated interest thereon;
(c) in respect ofCollateraJ types (c) to (g) and (i), the Reference Price thereof;
(d) in respcct ofCollateral type (h), the value specified therein.

1.3 Margin (see definition in clause 26 and clause 6.3)

The Value of any Collateral delivered, or to be delivered, pursuant to clause 6 by the Borrower to the Lender under the tenns and conditions ofthis Agreement shall on each Business Day represent not less than the Value ofthe borrowed Securities together with the following additional percentages, hereinbefore referred to as (the "Margin"), unless otherwise agreed between the Parties:

(a) in the case ofCoUateral type (a): 5%; or
(b) in the case ofCollateral types (b) to (t) and (h): 5% (~xcept that, for Negotiable Certificates of Deposit, the Margin shall be the accumulated interest thereon); or
(c) in the case ofCollateral type (g): 5%; or
Cd) in the case ofCollateral type (i); such amount as is notified by the Lender to the Borrower and, in the event no amount is notified, then 10%.

Ifthe Value ofthe borrowed Securities includes any margin over the mid market price ofthe borrowed Securities, this shall be taken into account in dctcnnining the Margin applicable.

1.4 Basis of Margin Maintenance (see clause 6.4)

Minimum period after demand for transferring Collateral or Equivalent Collateral other than Letters ofCredit:

(a) if^a request is received prior to llam EST (on ^a Sydney Business Day), then prior to close of business on the day the request is received;
(b) ifthe request is received after II am EST, then prior to 11 am the following Sydney Business Day;
(c) minimum period after demand for transferring Letter ofCredit: within two Business Days."

1.5 Minimum adjustments (see clauses 6.2(a)(ii) and (Hi))

(a) The Lender may not demand that further Collateral be provided by the Borrower if the aggregate deficiency calculated in accordance with clause 6.2 is less than the lesser of:
0) \$5,000; and
(ii) 2% ofthe Value ofthe Required Collateral Value.
(b) The Borrower may not demand the return ofCollatcral provided to the Lender ifthe Borrower has committed an Event of Default in respect of any transaction or ifthe aggregate excess calculated in accordance with clause 6.2 is less than the lesser of:
(i) \$5,000; and
(ii) 2% ofthe Required Collateral Value.

2 BASE CURRENCY (!J'ee definition in clause 26 and clause 1.6)

The Base Currency applicable to this Agreement is Australian Dollars.

3 LENDER'S WARRANTIES (see duuse lOrd))

Not applicable

4 VOTING (see clau!J'e 4.3)

Clause 4.3 deesfdoc~ oot* apply.

5 PLACE OF BUSINESS (vee definition o/"Busines.\' Day" in clause 26)

Sydney.

6 ADDRESS FOR NOTICES AND STATUS OF PARTIES (<ee clause 20.1)

6.1 Address for notices or communications to: Morgan Stanley Australia Securities Limitcd_

Address;	Level 39, Chifley Tower, 2 Chifley Square, Sydney, New South Wales, 2000, Australia
Attention:	Equity Documentation Group, _
Facsimile No:	+61297701101 _
Telephone No:	+6129770 1111 _
Electronic Messaging	System Details:

which is an Australian Taxpayer.

6.2 Address for notices or communications to: Macquarie Bank Limited

Address:	Macquarie Securities Group, Level 2, No.1 Martin Place, Sydney, NSW 2000 Australia
Attention:	Head Legal and Compliance
Facsimile No:	(612) 8232 6882
Telephone No:	(612) 8232 3333
	Electronic Messaging System Details: _

which is an Australian Taxpayer.

7 COMPENSATION FOR LOSS OF IMPUTATION BENEFITS (<ee clause 9.2)

Is not required by

and

[INSERT NAME OF RELEVANT AUSTRALIAN TAXPAYER PARTY (if applicable). OTHERWISE, DELETE THE PARAGRAPH OR LEAVE IT BLANK. Note: There is no need to insert the name of any Party who is not an Australian Taxpayer, as such a party is not entitled to compensation in any event.]

8 [Substituted in November 2003]
8 AGENCY (see clause 14.2(d))

Clause 14 may apply to Morgan Stanley Australia Securities Ltd .. : YesINo *.

Clause 14 may apply to Macquarie Bank Limited

... : YesINo *.

* DELETE ONE ALTERNATIVE

Schedule 2 Specimen Form of Borrowing Request (see clause 2.1 and definition of "Borrowing Request" in clause 26)

To: [Name and Address of Lender]

This is a Borrowing Request under the Master Securities Lending Agreement between us dated # (the "Agreement")

1 We wish to make the following borrowing ofSecurities:

(a)	Description of Securities:	# [eg "fully paid ordinary shares in # "]
(b)	Amount of Securities:	"I # [eg million"]
(e)	of Date Proposed Settlement Borrowing:	# [eg "today"]
(d)	of and of Time, Mode Place Delivery Securities, including (as appropriate) settlement system and account to which deli very is to be made:	of#, [eg "to the account #, in # HIN CHESS"]
(e)	Duration of Loan:	No longer than eleven months and 20 days after the Borrowed Securities are delivered under this Borrowing Request.
(t)	of Type Collateral:	# [eg "Cash"]
(g)	Mode and of of Time, Place Delivery Collateral:	# [eg "dvp on CHESS"]
(h)	5.1 ofthe Rates (see clause Agreement):	(a)" #{eg per annum on the Cash #% Collateral", or (b) "# % pcr annum on the daily ofthe value Borrowed Securities" as appropriate].

2 Please confmn your acceptance ofthis Borrowing Request by return fax.

Dated: #

For and on behalf of[Name ofBoITower]

Signature of Authorised Representative

Name and title of Authorised Representative

Schedule 3 Supplementary Terms and Conditions (if any)

This Schedule [OnTIS part of and amends the Master Securities Lending Agreement (including Schedule 1) to which it is a Schedule, as follows:

1. Clause 4.3 is amended by replacing the word "collateral" in lines 13 and 15 with the word "Collateral".
1. Clause 5.1(b) shall be amended by deletion ofthe words "at the rate agreed between them" and substitution oflhe following "by applying such ratc as shall be agreed between the Parties from time to time to the daily Value ofthe Securities".
1. Clause 15 is amended by adding the following at the end ofthe existing clause:

"Any tennination pursuant to this clause 15 will be without prejudice to the rights or remedies ofeither party against the other in respect of any breach ofthis Agreement occuning before such tennination."

4. Clause 26 Definitions

The definition ofSecurities is amended by adding the following after "foregoing":

", provided that such eligible securities are listed on the Australian Stock Exchange Limited".

1. Paragraph 1.1 of Schedule 1 is amended by deleting from paragraph (i) the words "At the discretion ofthe Lender,".
1. Paragraph 1.4 of Schedule 1 is deleted and replaced with the following:

"1.4 Basis of Margin Maintenance (see clause 6.4)

Minimum period after demand for transfening Collateral or Equivalent Collateral shall be within one Business Day."

Paragraph 1.5 of Schedule 1 is deleted and replaced with the following:

"1.5 Minimum adjustments (see clauses 6.2(a)(ii) and (iii))

(a) The Lender may not demand that further Collateral be provided by the Borrower if the aggregate deficiency calculated in accordance with clause 6.2 is less than AUD! 00,000.
(b) The Borrower may not demand the return ofCollateral provided to the Lender ifthe Borrower has committed an Event of Default in respect of any transaction or ifthe aggregate excess calculated in accordance with clause 6.2 is less than AUDIOO,OOO."
1. Clause 7 of Schedule 1 is deleted and replaced with the following:

"7. COMPENSAnON FOR LOSS OF IMPUTAnON BENEFITS (.<ee clause 9.2)

Is required unless the Lender notifies the Borrower as at the time ofthe Borrowing Request that compensation is not required."

9.	Clause of 8 Schedule 1 - is deleted and replaced wilh the following:		35- -
	"Clause 14 may apply to Morgan Stanley Australia Securities Ltd:	Yes.
	Clause 14 may apply to Macquarie Bank Limited:	No."

10. Clause 4.2(b)

For the purposes ofthis paragraph (b), a reasonable time is not less than the Standard Settlement Time for such Securities or Collateral.

II. Clause 9.2(g)

The word "and" and the following provision is inserted after clause 9.2(f):

"and

9.2(g) the Borrower is under an obligation to pay any Franked Distributions to the Lender calculated in accordance with clause 4.2(a)."

12. Clause 12.I(a)

Clause 12.I(a) is amended by inserting ", Equivalent Securities" after the words "redeliver Collateral" in line 2.

Clause 12.1(b) is amended by inserting "or clause 7" after "clause 6" in line 1.

13. Clause 26

Clause 26 is amended as follows:

The definition of "Act of Insolvency" is amended by replacing the words "Corporations Law of Australia" in sub clause (f) with the words "Corporations Act 2001 (Cwlth)".

The definition of "Close of Business" is amended by replacing the word "agreement" in sub clause (b) with the word "Agreement".

14. Reverse Stock Loan Transactions

With respect to stock loan transactions agreed by the Parties to be 'reverse stock loan' transactions:

(a) Paragraph 1.1 ofSchedule 1 shall be amended to delete Collateral types (b) to (i) inclusive so that only Collateral type (a) Cash shall be acceptable;
(b) Paragraph 1.3(a) ofSchedule I shall be deleted and replaced with the following
"(a) in the case ofCollateral type (a): -5% (negative five per cent); and
(b) in the case ofCollateral types (b) to (i): not applicable."

Execution page

SIGNED for and on hehalfofMORGAN ) STANLEY AUSTRALIA ) SECURITIES LIMITED in the preseoce ) ~0i .................................. .........•......•..•.•••.•••• ) Name ofwitness (bI leners) )

Signature of .«) .

MACQUARIE BANK LIMlTED

Name: Title: Date:

Michael Pickering Division Director 3/~/,()

Name: Title: Date:

Leslie Petro Executive Director

't/ pi .1.010

Australian Securities Lending Association Limited

(ACN 054 944 482) Level 18, 20 Bond Sireel Sydney NSW 2000 Tel: (02) 9220 1413 Fax: (02) 92201379

Coversheet to

AUSTRALIAN MASTER SECURITIES LENDING AGREEMENT*

(Version: November 2003)

dated as of:

Between:

MORGAN STANLEY AUSTRALIA SECURITIES LIMITED (ACN 078 652 276)

........................, , ,

And:

MACQUARIE BANK LIMITED (ACN 008 583 542)

* The original (Version: 4 April 1997) version ofthis agreement was adaptedfrom the iSLA Overseas Securities Lender's Agreement (Version: December 1995, as amended by 1996 UK Tax Addendum), prepared by Clifford Chance. London, England/or use by parties reqUired to meet UK Inland Revenue tax reqUirements. The 4 April 1997 version has been updated in December 2002 and November 2003 to take account of, among other things, intervening Australian tax, stamp dllty and regulatory changes, and also to better reflect Australian market practice.
* The original and updated versions ofthis agreement are both also subject to the "Warning and Disclaimer" on the coversheet to the original (Version: 4 April 1997) and updated (Version: November 2003) "U"er's Guide" relating to this agreement.

©m Governor Phillip Tower 1 Farrer Place Sydney NSW 2000 Telephone (02) 9296 2000 Fax (02) 9296 3999 OX 113 Sydney Ref: JCK

AI assistant

Macquarie Group Limited — Major Shareholding Notification 2012

10518_rns_2012-05-08_19546eed-2c17-416e-a41b-3001d4d2f7af.pdf

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

2. Previous and present voting power

3. Change in relevant interests

4. Present relevant interests

5. Changes in association

6. Addresses

Signature

ANNEXURE 'A'

Dennis Leong Company Secretary, Macquarie Group Limited 9 May 2012

Controlled Bodies Corporate

ANNEXURE 'B'

Dennis Leong Company Secretary, Macquarie Group Limited 9 May 2012

Consideration

ANNEXURE 'C'

AGREEMENT

Recitals:

Operative provisions:

1 Interpretation

2 Loans of Securities

3 Delivery of Securities

4 Title, Distributions and Voting

4.2 [Distributions]

5 Fees

6 Collateral

7 Redelivery of Equivalent Securities

7A Suspended Securities

8 Set·off etc.

8.4 [Bid Value/Offer Value]

9 Stamp duty, taxes etc and loss of tax benefits

then:

9.7 [Grossing up]

10 Lender's warranties

11 Borrower's warranties

12 Events of Default

13 Outstanding payments

14 Transactions entered into as agent

14.4 [Consequences of Agency Transaction]

15 Termination of course of dealings by notice

16 No reliance on tax or accounting representations by other Party

17 Observance of procedures

18 Severance

19 Specific performance

20 Notices

21 Assignment

22 Non-Waiver

23 Time

24 Recording

25 Miscellaneous

26 Definitions

Transfer means:

27 Governing Law and Jurisdiction

Schedule 1 Particulars

I COLLATERAL (see definition in clause 26, and also clause 6)

1.1 Types (see definition of"Colla/erarin clause 26)

1.2 Valuation of Collateral (see definition o!"Value " in clause 26 and clause 6.2)

1.3 Margin (see definition in clause 26 and clause 6.3)

1.4 Basis of Margin Maintenance (see clause 6.4)

1.5 Minimum adjustments (see clauses 6.2(a)(ii) and (Hi))

2 BASE CURRENCY (!J'ee definition in clause 26 and clause 1.6)

3 LENDER'S WARRANTIES (see duuse lOrd))

6 ADDRESS FOR NOTICES AND STATUS OF PARTIES (<ee clause 20.1)

7 COMPENSATION FOR LOSS OF IMPUTATION BENEFITS (<ee clause 9.2)

Schedule 2 Specimen Form of Borrowing Request (see clause 2.1 and definition of "Borrowing Request" in clause 26)

Schedule 3 Supplementary Terms and Conditions (if any)

4. Clause 26 Definitions

10. Clause 4.2(b)

II. Clause 9.2(g)

12. Clause 12.I(a)

13. Clause 26

14. Reverse Stock Loan Transactions

Execution page

MACQUARIE BANK LIMlTED

Australian Securities Lending Association Limited

Coversheet to

AUSTRALIAN MASTER SECURITIES LENDING AGREEMENT*

Macquarie Group Limited Major Shareholding Notification 2012