Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To:	Company Name/Scheme ABN/ACN/ARSN	Nick Scali Ltd 000 403 896
	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
	The holder became a substantial holder on:	21 March 2016

2. Details of 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 (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities	Number of securities	Person's votes	Voting power
'FPO'	16,119,000	16,119,000	19.90%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest	Number of securities	Class
MACQUARIE CAPITAL (AUSTRALIA) LIMITED	Macquarie Capital (Australia) Limited in conjunction with its affiliates ("MCAL") entered into a Block Trade Agreement (see annexure C) on 21 March 2016 with entities listed in those agreements. Pursuant to section 608 of the Corporations Act and the terms of the Block Agreement, MCAL acquired a relevant interest in shares of Nick Scali Ltd on execution of the Block Agreement and subject to the terms of that agreement. Under the Block Agreement, MCAL acted as lead manager of the sale of the shares, all of which shares have been sold. M Macquarie Group Limited will file a ceasing to be a substantial i G Li it d ill fil i t b b t ti l shareholder notice following settlement of those shares.	16,094,560	FPO
MACQUARIE BANK LIMITED	Pursuant to section 608 of the Corporations Act	20,740	FPO
MACQUARIE INVESTMENT MANAGEMENT LTD	Pursuant to section 608 of the Corporations Act	3,700	FPO

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered	Number of securities	Class
		as holder
MACQUARIE CAPITAL (AUSTRALIA) LIMITED	MACQUARIE CAPITAL (AUSTRALIA) LIMITED	MACQUARIE CAPITAL (AUSTRALIA) LIMITED	16,094,560	FPO
MACQUARIE BANK LIMITED	MACQUARIE BANK LIMITED	MACQUARIE BANK LIMITED	20,740	FPO
MACQUARIE INVESTMENT MANAGEMENT LTD	Bond Street Custodians Limited	Bond Street Custodians Limited	3,700	FPO

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration	Number of securities	Class
See Annexure B

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

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

7. Addresses

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

Name	Address
MACQUARIE GROUP LIMITED	Level 6, 50 Martin Place, Sydney, New South Wales, Australia 2000
MACQUARIE CAPITAL (AUSTRALIA) LIMITED	Level 4, 50 Martin Place, Sydney, New South Wales, Australia 2000
MACQUARIE BANK LIMITED	Level 6, 50 Martin Place, Sydney, New South Wales, Australia 2000

MACQUARIE INVESTMENT MANAGEMENT LTD	Level 6, 50 Martin Place, Sydney, New South Wales, Australia 2000

Signature	Print name Dennis Leong	Capacity	Company Secretary
	Sign here	Date	23 March 2016

ANNEXURE 'A'

This is the annexure marked 'A' of 16 pages referred to in the Notice of initial substantial holder.

Dennis Leong Company Secretary, Macquarie Group Limited 23 March 2016

Controlled Bodies Corporate

ACN / Company No	Entity Name	Incorp Country
136 024 970	A.C.N. 136 024 970 PTY LTD	Australia
154 402 927	A.C.N. 154 402 927 Pty Ltd	Australia
153 275 677	ACN 153 275 677 Pty Ltd	Australia
	Advantage Funding Commercial Capital Corp.	United States
	Advantage Funding Management Co., Inc.	United States
	Advantage Funding Receivables LLC	United States
	Advantage Funding Services LLC	United States
9783406	Aerospace Finance 6771 UK Limited	United Kingdom
09812041	Aerospace Finance 6816 UK Limited	United Kingdom
9819666	Aerospace Finance 6818 UK Limited	United Kingdom
09814520	Aldeburgh Offshore Wind Investments Limited	United Kingdom
081119477	ALLOCA (NO. 4) PTY. LIMITED	Australia
	Alster & Thames Partners (USA) LLC	United States
	Arbor Village Property Owner LLC	United States
20-3690322	AVENAL POWER CENTER, LLC	United States
537804	AWAS 39437 Ireland Limited	Ireland
WK-285119	AWAS 39438 Limited	Cayman Islands
WK-286855	AWAS 39440 Limited	Cayman Islands
508880	AWAS 5092 Ireland Limited	Ireland
WK-285115	AWAS 5996 Limited	Cayman Islands
IT-291873	AWAS 6288 Limited	Cayman Islands
IT-291847	AWAS 6321 Limited	Cayman Islands
504304	AWAS Ireland Leasing Seven Limited	Ireland
504303	AWAS Ireland Leasing Six Limited	Ireland
913 285 700 MVA 914599474	AWAS Norway 6320 AS AWAS Norway 6422 AS	Norway Norway
059814818	BAROSSA GE PTY LIMITED	Australia
008604966	BELIKE NOMINEES PTY. LIMITED	Australia
	Bella Holdings LLC	United States
	Bella Property Owner LLC	United States
08302008	Berwick Solar Park Limited	United Kingdom
20-5600465	BIG SANDY CREEK WIND, LLC	United States
20-2937246	Blue Grass Abstract LLC	United States
46-5587770	Blueshine, LLC	United States
30-0746347	Boketo LLC	United States
008607065	BOND STREET CUSTODIANS LIMITED	Australia
008606924	BOND STREET INVESTMENTS PTY. LIMITED	Australia
	BOOTH STAFF LOANS TRUST	Australia
004680004	BOSTON AUSTRALIA PTY LIMITED	Australia
005008702	BOSTON LEASING PTY. LIMITED	Australia
8301922	Bottom Plain Solar Park Limited	United Kingdom
08538716	Branston Solar Park Limited	United Kingdom
95-2690571 1218745	BREK MANUFACTURING CO. BROOK ASSET MANAGEMENT LIMITED (IN LIQUIDATION)	United States New Zealand
88217	Bunhill Investments Unlimited	Jersey
002865830	BUTTONWOOD NOMINEES PTY LIMITED	Australia
26-5600465	CANADIAN BREAKS LLC	United States
04800336	Capital Meters Holdings Limited	United Kingdom
04800317	Capital Meters Limited	United Kingdom
09928473	CHAPTRE Finance PLC	United Kingdom
09912280	CHAPTRE Holdings Limited	United Kingdom
09908998	CHAPTRE Investments Limited	United Kingdom
06373185	Cheeryble Developments Limited	United Kingdom
46527C1/GBL	CHINA PROPERTY INVESTMENTS LIMITED	Mauritius
002228708	CIORL LP Limited	Canada
20-2937258	Closing Documentation Services, LLC	United States
	CMC Holdco Inc.	United States
	C CM Railroad, Inc.	United States
30-0791081	Colorado - PTH, LLC	United States

30-4540865	Columbia Service Partners of Kentucky, Inc.	United States
36-04540864	Columbia Service Partners of Ohio, Inc.	United States
36-02070862	Columbia Service Partners of Pennsylvania, Inc.	United States

3709182	Columbia Service Partners of West Virginia, Inc.	United States
25-1787891	Columbia Service Partners, Inc.	United States
	Comercializadora Energia de la Reforma S. de R.L. de C.V.	Mexico
	Commerce and Industry Brokerage Inc.	United States
	Connecticut Mystic Lien, LLC	United States
03241012	Corona Energy Limited	United Kingdom
03241002	Corona Energy Retail 1 Limited	United Kingdom
SC138299	Corona Energy Retail 2 Limited	United Kingdom
02746961	Corona Energy Retail 3 Limited	United Kingdom
02798334	Corona Energy Retail 4 Limited	United Kingdom
07545410	Corona Energy Retail 5 Limited	United Kingdom
02879748	Corona Gas Management Limited	United Kingdom
37012	Creative Broadcast Services International Limited	Bermuda
603561360	CUBIK GROUP PTY LIMITED	Australia
120091	Dacuri Investco Limited	Jersey

64075C1/GBL	DALIAN II HOLDING COMPANY LIMITED	Mauritius
37-1737048	DC - PTH, LLC	United States
26-3816229	Delaware Alternative Strategies	United States
41-2183382	Delaware Asset Advisers	United States
23-3061021	Delaware Capital Management	United States
27-1291359	Delaware Capital Management Advisers, Inc.	United States
23-2226487	Delaware Distributors, Inc.	United States
23-2791871	Delaware Distributors, L.P.	United States
23-2859590	Delaware Investment Advisers	United States
46-4850078	Delaware Investments Advisers Partner, Inc.	United States
46-5321087	Delaware Investments Advisory Services	United States
46-4639812	Delaware Investments Distribution Partner, Inc.	United States
46-1906107	Delaware Investments Fund Advisers	United States
46-5056965	Delaware Investments Fund Services Company	United States
81-0842539	Delaware Investments General Partner, Inc.	United States
13-3465352	Delaware Investments Management Company, LLC	United States
	Delaware Investments Real Estate Abolute Return Fund, L.P.	Cayman Islands
46-3119820	Delaware Investments Real Estate Absolute Return Fund (Master),	United States

	Ltd.
N/A	Delaware Management Business Trust	United States
23-2859589	Delaware Management Company	United States
23-2693133	Delaware Management Holdings, Inc.	United States
23-2601407	Delaware Management Trust Company	United States
27-2437046	Delaware Real Estate Absolute Return Partners, Inc.	United States
13-3465338	Delaware Service Company, Inc.	United States
	DELTA1 FINANCE TRUST	Australia
008606871	DEXIN NOMINEES PTY. LIMITED	Australia
083 158 614	DIVCO 22 PTY LIMITED	Australia
	East Inwood Arbor, LLC	United States
094631964	EASTERN SEA INVESTMENTS PTY LIMITED	Australia
608 027 505	EDUWEST EQUITY HOLDING PTY LIMITED	Australia
608 027 434	EDUWEST PROJECT CO PTY LIMITED	Australia
608 027 596	EDUWEST PROJECT HOLDING COMPANY PTY LIMITED	Australia
069344001	ELISE NOMINEES PTY LIMITED	Australia
08741661	Emberton Solar Park Limited	United Kingdom
SC234695	Energetics Design & Build Limited	United Kingdom
SC234694	Energetics Electricity Limited	United Kingdom
SC303150	Energetics Gas Limited	United Kingdom
SC455073	Energetics Holdco Limited	United Kingdom
SC455134	Energetics Midco Limited	United Kingdom
SC293480	Energetics Networked Energy Ltd.	United Kingdom
SC455074	Energetics Topco Limited	United Kingdom
006435810	EQUITAS NOMINEES PTY. LIMITED	Australia
	ERC Holdco LLC	United States
079878783	EURO FIN CO PTY LTD	Australia
20-5600465	FAS 1 LLC	United States
137357	FINCH SECURITIES LIMITED	Cayman Islands
12-377-980/0001-25	FIP Gestora de Recursos Ltda.	Brazil
80-0940702	FL - PTH 1, LLC	United States
36-4767568	FL - PTH 10, LLC	United States

90-1004919	FL - PTH 2, LLC	United States
61-1718024	FL - PTH 3, LLC	United States

80 0941771 80-0941771 90-1005859	FL FL - PTH 4, PTH 4 LLC FL - PTH 5, LLC	United States United United States

80-0942248	FL - PTH 6, LLC	United States
90-1006383	FL - PTH 7, LLC	United States
80-0942772	FL - PTH 8, LLC	United States
80-0943053	FL - PTH 9, LLC	United States
46-2260160	Florida Coral Lien Investments, LLC	United States
61-1577729	Florida Dundee Lien Investments, LLC	United States
95-4881110	Four Corners Capital Management, LLC	United States
	Fox-Pitt Kelton Cochran Caronia Waller (USA) LLC	United States
06-1058201	Fox-Pitt Kelton Cochran Caronia Waller LLC	United States
01601171	Fox-Pitt, Kelton Limited	United Kingdom
32157	Fox-Pitt, Kelton N.V.	Curaçao
99228	FPK Capital I CIP GP Limited	Jersey
20-5600465	Fremantle Energy Holdings, LLC	United States
20-5600465	Fremantle Energy, LLC	United States
20-2384759	Fremantle Wind Holdings Inc.	United States
9699834	Fulfilment Services Limited	United Kingdom

106204862	FUNDCORP PTY LIMITED	Australia
30-0790149	GA - PTH, LLC	United States
054001400	GATESUN PTY. LIMITED	Australia
570800	GGB inBalans Investco Ireland GP Limited	Ireland
9795599	GGB inBalans Investco LP Limited	United Kingdom
9795343	GGB inBalans Investco UK GP Limited	United Kingdom
009642942	GILLMAN PTY. LIMITED	Australia
MC143292	GLOBAL STAR GP LTD	Cayman Islands
0110-03-005067	GODO KAISHA ACMP2	Japan
0110-03-005141	GODO KAISHA ACMP3	Japan
0110-03-004802	GODO KAISHA ALPHA MEGA SOLAR PROJECT NO. 1	Japan
0110-03-004888	GODO KAISHA ALPHA MEGA SOLAR PROJECT NO. 2	Japan
05481707	Goonzaran Bluebell Funding Limited	United Kingdom
05473771	Goonzaran Bluebell Leasing Limited	United Kingdom
08538726	Great Wilbraham Solar Park Limited	United Kingdom
	Harrison Leasing Corporation	United States
B 203.092	Harry Holdings Sarl	Luxembourg
415492	HBEAR CO. NO.1 LIMITED (in voluntary liquidation)	Ireland
125438600	HENDERSON WA PTY LIMITED	Australia
not registered	HENDERSON WA TRUST	Australia
559017	Hermes Infrastructure Investco Ireland GP Limited	Ireland
09317300	Hermes Infrastructure Investco UK GP Limited	United Kingdom
20-5600465	High Lonesome Wind, LLC	United States
104173891	HUB X PTY LIMITED	Australia
97666	Hydra Investments 2007 Limited	Jersey
002757020	IDAMENEO (NO. 79) NOMINEES PTY. LIMITED	Australia
46-1490923	Illinois Salt Fox Investments, LLC	United States
20-2937198	Indiana TLP, LLC	United States
HRA43929	Industrial Investments Germany GmbH & Co. KG	Germany
2011/127717/07	International Life Solutions (Pty) Limited	South Africa
CR-113608	Jackson Leasing Limited	Cayman Islands
0100-02-036303	JIG HOLDINGS LIMITED	Japan
609 122 901	JURIS PARTNERSHIP MCHPL PROJECT CO PTY LTD	Australia
609 115 997	JURIS PARTNERSHIP MCHPL PROJECT HOLDING COMPANY PTY LTD	Australia
	Juris Partnership MCHPL Project Holding Trust	Australia
	Juris Partnership MCHPL Project Trust	Australia

464138	Juuichi Limited (in voluntary liquidation)	Ireland
CR-113609	Kearny Leasing Limited	Cayman Islands
20-5913622	Keba Energy LLC	United States
09541115	Kingswood Mortgages 2015-1 Holdings Limited	United Kingdom
09541195	Kingswood Mortgages 2015-1 PLC	United Kingdom
56649800	L2 B.V.	Netherlands
FC032012	L2 B.V. (UK Branch)	United Kingdom
140 135 379	LAKE GEORGE WIND FARM DEVELOPMENTS PTY LTD	Australia
08763016	Lakehouse Mortgages Limited	United Kingdom
8272295	Levantera Developments Limited	United Kingdom
	Liberty Green Renewables Indiana, LLC	United States
20-2937206	Lien Data Services, LLC	United States
HRB80214	Lightning Bolt Germany GmbH	Germany
	M Acquisition Company I LLC	United States
	M Acquisition Company II LLC	United States
	MAC FUND ONE TRUST	Australia
198500776M	MACQUARIE (ASIA) PTE LTD.	Singapore
27230949 132 864 950	MACQUARIE (ASIA) PTE LTD TAIWAN BRANCH MACQUARIE (ASIA) PTE LTD. TAIWAN MACQUARIE (CIS) HOLDINGS PTY LTD	Taiwan Australia

22407	Macquarie (CIS) Holdings Pty Ltd (Russia Branch)	Russian Federation
200228	MACQUARIE (HK) FINANCIAL SERVICES LIMITED	Hong Kong
0100-01-068766	MACQUARIE (JAPAN) LIMITED	Japan
SC280388	Macquarie (Scotland) GP Limited	United Kingdom
06287793	Macquarie (UK) Group Services Limited	United Kingdom
008594885	MACQUARIE ACCEPTANCES PTY LIMITED	Australia
095180788	MACQUARIE ADMIN SERVICES PTY LIMITED	Australia
131710239	MACQUARIE ADVANCED INVESTMENT INTERNATIONAL LTD	Bermuda
134 696 665	MACQUARIE ADVANCED INVESTMENT LIMITED	Bermuda
WK-211745	Macquarie Advanced Investment Partners G.P. Ltd.	Cayman Islands
486592	Macquarie Aerospace AF (Ireland) Limited	Ireland
40096.0 (Decree No.	MACQUARIE AEROSPACE ARUBA A.V.V.	Aruba
10356/AVV)
WK-228185	Macquarie Aerospace Finance 39414-1 Limited	Cayman Islands
07575063	Macquarie Aerospace Finance 39414-2 Limited	United Kingdom
556860-1602	Macquarie Aerospace Finance 39425 AB	Sweden
997 538 161 MVA	Macquarie Aerospace Finance 39429 AS	Norway
IT-2928288	Macquarie Aerospace Finance 39429 Limited	Cayman Islands
571997	Macquarie Aerospace Finance 39442 Limited	Ireland
571998	Macquarie Aerospace Finance 40967 Limited	Ireland
7695532	Macquarie Aerospace Finance 4257-2 Limited	United Kingdom
996 790 827	Macquarie Aerospace Finance 4720 AS	Norway
498271	Macquarie Aerospace Finance 4720-1 Limited	Ireland
498680	Macquarie Aerospace Finance 4720-2 Limited	Ireland
266822	Macquarie Aerospace Finance 5178 Limited	Cayman Islands

517127	Macquarie Aerospace Finance 5315 Limited	Ireland
516215	Macquarie Aerospace Finance 5403 Limited	Ireland
7802517	Macquarie Aerospace Finance 5433 Limited	United Kingdom
516216	Macquarie Aerospace Finance 5466 Limited	Ireland
782521	Macquarie Aerospace Finance 5482-2 Limited	United Kingdom
527101	Macquarie Aerospace Finance 5673 Limited	Ireland
WK-27905	Macquarie Aerospace Finance 5742 Limited	Cayman Islands
999184650 MVA	Macquarie Aerospace Finance 5773 AS	Norway
WK-280125	Macquarie Aerospace Finance 5773 Limited	Cayman Islands
533279 WK-281265	Macquarie Aerospace Finance 5822-1 Limited Macquarie Aerospace Finance 5822-2 Limited	Ireland Cayman Islands
912 510 352 MVA	Macquarie Aerospace Finance 5844 AS	Norway
WK-281267	Macquarie Aerospace Finance 5844 Limited	Cayman Islands
WK-281268	Macquarie Aerospace Finance 5857-1 Limited	Cayman Islands
8705337	Macquarie Aerospace Finance 5857-2 Limited	United Kingdom
WK-281249	Macquarie Aerospace Finance 5892-1 Limited	Cayman Islands
8704469	Macquarie Aerospace Finance 5892-2 Limited	United Kingdom
WK-281316	Macquarie Aerospace Finance 5951-1 Limited	Cayman Islands
8705352	Macquarie Aerospace Finance 5951-2 Limited	United Kingdom
WK-281315	Macquarie Aerospace Finance 5979-1 Limited	Cayman Islands
8704473	Macquarie Aerospace Finance 5979-2 Limited	United Kingdom
539973	Macquarie Aerospace Finance 6025-1 Limited	Ireland
WK-285274	Macquarie Aerospace Finance 6025-2 Limited	Cayman Islands
539286	Macquarie Aerospace Finance 6039/6535 Limited	Ireland
541007	Macquarie Aerospace Finance 6045 Limited	Ireland
541008	Macquarie Aerospace Finance 6079 Limited	Ireland
541009	Macquarie Aerospace Finance 6081 Limited	Ireland
WK-285849	Macquarie Aerospace Finance 6113-1 Limited	Cayman Islands
8934030	Macquarie Aerospace Finance 6113-2 Limited	United Kingdom
WK-285848	Macquarie Aerospace Finance 6140-1 Limited	Cayman Islands
8934031	Macquarie Aerospace Finance 6140-2 Limited	United Kingdom
547276	Macquarie Aerospace Finance 6220 Limited	Ireland
290012	Macquarie Aerospace Finance 6242 Limited	Cayman Islands
291538	Macquarie Aerospace Finance 6254-1 Limited	Cayman Islands
9210708	Macquarie Aerospace Finance 6254-2 Limited	United Kingdom
IT-292643	Macquarie Aerospace Finance 6320 Limited	Cayman Islands
IT-294038	Macquarie Aerospace Finance 6422 Limited	Cayman Islands
566064	Macquarie Aerospace Finance Ireland Limited	Ireland
WK-269465	Macquarie Aerospace Finance Limited	Cayman Islands
9458807	Macquarie Aerospace Finance UK Limited	United Kingdom
	Macquarie Aerospace Finance US Holdings LLC	United States
	Macquarie Aerospace Finance US LLC	United States
9457141	Macquarie Aerospace Holdings UK Limited	United Kingdom
27-2669479	Macquarie Aerospace Inc.	United States
06863307	Macquarie Aerospace Investments Limited	United Kingdom
484423	Macquarie Aerospace Ireland Limited Macquarie Aerospace Ireland	Ireland
44138	MACQUARIE AEROSPACE LIMITED	Bermuda

27-1564084	Macquarie Affiliated Managers (USA) Inc.	United States

26-2103542	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
429567	Macquarie Aircraft Leasing Holdings (2) Limited	Ireland
139 633 015	MACQUARIE AIRCRAFT LEASING HOLDINGS PTY LIMITED	Australia

426824	Macquarie Aircraft Leasing Limited	Ireland
139 654 407	MACQUARIE AIRCRAFT LEASING PTY LIMITED	Australia
130 643 319	MACQUARIE AIRCRAFT LEASING SERVICES (AUSTRALIA) PTY	Australia
	LTD
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
	Macquarie Aircraft Leasing Services (US), Inc.	United States
	MACQUARIE AIRCRAFT LEASING TRUST A	Australia
464499	Macquarie AirFinance Acquisitions (Ireland) Limited	Ireland
LL09680	Macquarie AirFinance Acquisitions (Labuan) Limited	Malaysia
6767724	Macquarie AirFinance Acquisitions (UK) Limited	United Kingdom
41370	Macquarie AirFinance Acquisitions Holdings Ltd.	Bermuda
41289	Macquarie AirFinance Acquisitions Limited	Bermuda

41212.0	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
40673	Macquarie AirFinance Warehouse (No. 1) Limited	Bermuda
26-2103542	Macquarie Allegiance Capital, LLC	United States
37-1740746	Macquarie Alpine Inc.	United States

103237181	MACQUARIE ALTERNATIVE ASSETS MANAGEMENT LIMITED	Australia
142 495 958	MACQUARIE ALTERNATIVE PROPERTY HOLDINGS PTY LIMITED	Australia
	Macquarie AMC Investment REIT LLC	United States
26-3769039	Macquarie America Holdings Inc.	United States
26-3771444	Macquarie America Services Inc.	United States
13-4184042	MACQUARIE AMERICAS CORP	United States
124071414	MACQUARIE AMERICAS HOLDINGS PTY LTD	Australia
201310241D	MACQUARIE APTT MANAGEMENT PTE. LIMITED	Singapore


289176	Macquarie Asia Infrastructure Management Limited	Cayman Islands
MC-25427	Macquarie Asia Pacific Private Equity Offshore Fund, L.P.	Cayman Islands
1049991	MACQUARIE ASIA STRUCTURED TRANSACTIONS LIMITED	Virgin Islands, British
8253772	Macquarie Asset Finance Holdings Limited	United Kingdom

0100-01-107687	MACQUARIE ASSET FINANCE JAPAN LIMITED	Japan
57952C1/GBL	MACQUARIE ASSET FINANCE MAURITIUS LTD	Mauritius
064219601	MACQUARIE ASSET FINANCE PTY LIMITED	Australia
7815862	Macquarie Asset Leasing (UK) Limited	United Kingdom
26-3263254	MACQUARIE ASSET MANAGEMENT INC.	United States
0100-01-156193	MACQUARIE ASSET MANAGEMENT JAPAN CO., LTD.	Japan
001263583	MACQUARIE ASSET MANAGEMENT PTY LIMITED	Australia
000736210	MACQUARIE AUSTRALIA PTY LIMITED	Australia

074453286	MACQUARIE AUSTRALIA SECURITIES PTY LIMITED	Australia
077595012	MACQUARIE AUSTRALIAN INFRASTRUCTURE MANAGEMENT 1	Australia
	LIMITED
131476910	MACQUARIE AUSTRALIAN INFRASTRUCTURE MANAGEMENT 2	Australia
	LIMITED
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 (in voluntary liquidation)	Ireland
124071432	MACQUARIE B.H. PTY LTD	Australia
06309906	Macquarie Bank International Limited	United Kingdom
HRB 189708	Macquarie Bank International Limited, Niederlassung Deutschland	Germany
FN 331748 s	Macquarie Bank International Limited, Vienna Branch	Austria
008583542	MACQUARIE BANK LIMITED	Australia

1045	Macquarie Bank Limited (DIFC Recognised Company)	United Arab Emirates
F18649	MACQUARIE BANK LIMITED (HONG KONG BRANCH)	Hong Kong
FC018220	Macquarie Bank Limited (London Branch)	United Kingdom
104-84-07697	MACQUARIE BANK LIMITED (SEOUL BRANCH)	Korea, Republic of
T11FC0018C	MACQUARIE BANK LIMITED SINGAPORE BRANCH	Singapore
90-0899142	Macquarie Basin Leasing LLC	United States

R.P.M. 892390892	Macquarie Belgium TCG SPRL MACQUARIE BETEILIGUNGSPORTFOLIO NR 4 GMBH & CO KG MACQUARIE BETEILIGUNGSPORTFOLIO NR. 4 GMBH & CO.	Belgium Germany

CNPJ03.516.449/0001	MACQUARIE BRASIL PARTICIPACOES LTDA	Brazil
109649292	MACQUARIE BUSINESS SOLUTIONS PTY LIMITED	Australia
	Macquarie CAF Holdings Inc.	United States
	Macquarie CAF LLC	United States
	Macquarie CAF Management LLC	United States

798792-7	Macquarie Canada Inventory Holdings Limited	Canada
839742-2	Macquarie Canada MPIP GP Ltd.	Canada
839745-7	Macquarie Canada MPIP LP Ltd.	Canada
683412-4	Macquarie Canada Services Ltd.	Canada
6489800	Macquarie Canadian Investment Holdings Ltd.	Canada
123199548	MACQUARIE CAPITAL (AUSTRALIA) LIMITED	Australia
0740	Macquarie Capital (Dubai) Limited (in members' voluntary liquidation)	United Arab Emirates
03704031	Macquarie Capital (Europe) Limited	United Kingdom
34297902	Macquarie Capital (Europe) Limited, Amsterdam Branch	Netherlands
905963	Macquarie Capital (Europe) Limited, Dublin Branch	Ireland
	Macquarie Capital (Europe) Limited, Geneva Representative Office	Switzerland
HRB 82506	Macquarie Capital (Europe) Limited, Niederlassung Deutschland	Germany
478 586 167	Macquarie Capital (Europe) Limited, Paris Branch	France
611405	MACQUARIE CAPITAL (HONG KONG) LIMITED	Hong Kong
104-81-64533	MACQUARIE CAPITAL (KOREA) LIMITED	Korea, Republic of
1952567	MACQUARIE CAPITAL (NEW ZEALAND) LIMITED	New Zealand
199704430K	MACQUARIE CAPITAL (SINGAPORE) PTE. LIMITED	Singapore
98-0141094	MACQUARIE CAPITAL (USA) INC	United States
002149053	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
36780	MACQUARIE CAPITAL ALLIANCE INTERNATIONAL (2) LIMITED	Bermuda
37049	MACQUARIE CAPITAL ALLIANCE INTERNATIONAL (3) LIMITED	Bermuda
36770	MACQUARIE CAPITAL ALLIANCE INTERNATIONAL LIMITED	Bermuda
105777704	MACQUARIE CAPITAL ALLIANCE MANAGEMENT PTY LIMITED	Australia
137760822	MACQUARIE CAPITAL ARGENTINA PTY LTD	Australia
1818250	Macquarie Capital Argentina Pty Ltd (Sucursal Argentina)	Argentina
905313-1	Macquarie Capital Development Canada Ltd.	Canada
127829458	MACQUARIE CAPITAL FINANCE (AUSTRALIA) PTY LTD	Australia
0736	Macquarie Capital Finance (Dubai) Limited (in members' voluntary	United Arab Emirates

133 664 632	liquidation) MACQUARIE CAPITAL FINANCE HOLDINGS (AUSTRALIA) PTY	Australia
88464	LIMITED Macquarie Capital Funding (GP) Limited	Jersey

110605724	MACQUARIE CAPITAL FUNDING (LP) PTY LIMITED	Australia
LP561	MACQUARIE CAPITAL FUNDING L.P.	Jersey
13-3789912	Macquarie Capital Funding LLC	United States
002149050	Macquarie Capital Holdings (Canada) Ltd.	Canada
0687	Macquarie Capital Holdings (Dubai) Limited	United Arab Emirates
43-2082900	Macquarie Capital Investment Management LLC	United States
135973	MACQUARIE CAPITAL LIMITED	Hong Kong
110-84-02227	MACQUARIE CAPITAL LIMITED (SEOUL BRANCH)	Korea, Republic of
565608	Macquarie Capital Markets Canada Ltd./Marchés Financiers Macquarie Canada Ltée.	Canada
1079073	Macquarie Capital Markets North America Ltd./Marchés Financiers Macquarie Amérique Du Nord Ltée.	Canada
803092-8	Macquarie Capital Principal Holdings Canada Ltd	Canada
128212868	MACQUARIE CAPITAL PRODUCTS LIMITED	Australia
U65920MH1995PTC0906 96	Macquarie Capital Securities (India) Private Limited	India
MC-134609	MACQUARIE CAPITAL SECURITIES (JAPAN) LIMITED	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
89407381	Macquarie Capital Securities Limited, Taiwan Branch	Taiwan
2003/014483/07	Macquarie Capital South Africa (Pty) Ltd	South Africa
13-3789912	Macquarie Capital US Acquisitions LLC	United States
133 001 359	MACQUARIE CAPITAL WIND MANAGEMENT PTY LTD	Australia

169009	MACQUARIE CAYMAN HOLDINGS 2 CO.	Cayman Islands
168347	MACQUARIE CAYMAN HOLDINGS CO	Cayman Islands
124022126	MACQUARIE CHEONGNA INVESTMENT PTY LTD	Australia
50019	M Macquarie China Logistics Fund Limited i Chi L i ti F d Li it d	B d ermu a
1660458	Macquarie China Logistics Management Limited	Hong Kong

201016397N	MACQUARIE COMMODITIES (SINGAPORE) PTE. LIMITED	Singapore
SP.688/AsingP3A	MACQUARIE COMMODITIES (SINGAPORE) PTE. LIMITED,	Indonesia
PDN.2/9/2010	Indonesia Rep. Office
05259474	Macquarie Commodities (UK) Limited	United Kingdom
26-0555065	MACQUARIE COMMODITIES (USA) INC	United States
15.246.175/0001-50	Macquarie Commodities Brasil S/A	Brazil
06863247	Macquarie Commodities Factoring Holdings (UK) Limited	United Kingdom
20-5913559	MACQUARIE COMMODITIES FACTORING LLC	United States
05259503	Macquarie Commodities Finance (UK) Limited	United Kingdom
20-5913559	MACQUARIE COMMODITIES FUNDING (USA) LLC	United States
20-5913559	MACQUARIE COMMODITIES HOLDINGS (USA) LLC	United States
310141400009906	MACQUARIE COMMODITIES TRADING (SHANGHAI) CO, LTD	China
310000500570770	Macquarie Commodities Trading (Shanghai) Co, Ltd First Branch	China
51-0566317	MACQUARIE COMMODITIES TRADING INC.	United States
200813631K	MACQUARIE COMMODITY MARKETS (SINGAPORE) PTE. LIMITED	Singapore
4752472	Macquarie Corona Energy Holdings Limited	United Kingdom
368580	Macquarie Corporate and Asset Finance (Ireland) Limited (in voluntary	Ireland
	liquidation)
006198910	MACQUARIE CORPORATE AND ASSET FINANCE LIMITED	Australia
26-3769367	MACQUARIE CORPORATE AND ASSET FUNDING INC.	United States
008606862	MACQUARIE CORPORATE FINANCE HOLDINGS PTY LTD	Australia
008595426	MACQUARIE CORPORATE FINANCE LIMITED	Australia
HRB52973	MACQUARIE CORPORATE FINANCE LIMITED NIEDERLASSUNG	Germany
	DEUTSCHLAND
09648758	Macquarie Corporate GP (UK) Limited	United Kingdom
096705109	MACQUARIE CORPORATE HOLDINGS PTY LIMITED	Australia
FC027878	Macquarie Corporate Holdings Pty Limited (UK Branch)	United Kingdom
123199253	MACQUARIE CORPORATE INTERNATIONAL HOLDINGS PTY	Australia
	LIMITED
20-1536178	MACQUARIE COTTON INTERNATIONAL INC	United States
90-0797831	Macquarie Credit Investment Management Inc.	United States
MC-266242	MACQUARIE CREDIT NEXUS FUND LIMITED	Cayman Islands
MC-266243	MACQUARIE CREDIT NEXUS MASTER FUND LIMITED	Cayman Islands
27-2279644	Macquarie Crop Partners GP, LLC	United States
075067631	MACQUARIE DEBF PTY LIMITED (IN DEREGISTRATION)	Australia
132821580	MACQUARIE DELTA1 FINANCE SERVICES PTY LIMITED	Australia
29318190	Macquarie Denmark Limited A/S	Denmark
102607616	MACQUARIE DEVELOPMENT CAPITAL II PTY LIMITED	Australia
134474712	MACQUARIE DEVELOPMENT CAPITAL MANAGEMENT PTY LIMITED	Australia
115402349	MACQUARIE DIGITAL PTY LIMITED	Australia
008607083	MACQUARIE DIRECT INVESTMENT PTY LIMITED	Australia
20.3.0.31.542-6	Macquarie Distribution Finance Ltd.	Switzerland
085795651	MACQUARIE DISTRIBUTION PTY LIMITED (IN DEREGISTRATION)	Australia
114099795	MACQUARIE DIVERSIFIED ASSET ADVISORY PTY LIMITED	Australia
20-5962618	MACQUARIE DYNAMIC MANAGEMENT (USA) INC	United States
363806	MACQUARIE ELECTRONICS LIMITED (in voluntary liquidation)	Ireland
363803	MACQUARIE ELECTRONICS REMARKETING LIMITED (in voluntary	Ireland
	liquidation)
54-2077555	MACQUARIE ELECTRONICS USA INC	United States
200408424K	MACQUARIE EMERGING MARKETS ASIAN TRADING PTE. LIMITED Singapore
F18440	MACQUARIE EMERGING MARKETS ASIAN TRADING PTE. LIMITED (HONG KONG BRANCH)	Hong Kong
143365673	Macquarie Emerging Markets Investments Pty Ltd	Australia
127185719	MACQUARIE EMG HOLDINGS PTY LIMITED	Australia
	Macquarie Energia Brasil Ltda.	Brazil
6643795	Macquarie Energy Canada Ltd.	Canada
664374-4	Macquarie Energy Holdings Canada Ltd.	Canada
122300592	MACQUARIE ENERGY HOLDINGS PTY LTD	Australia
8253776	Macquarie Energy Leasing Limited	United Kingdom
93-1043421	Macquarie Energy LLC	United States
	Macquarie Energy Mexico, S. de R.L. de C.V.	Mexico
20-3690322	Macquarie Energy North America Investments, LLC	United States
20-3690322	MACQUARIE ENERGY NORTH AMERICA TRADING INC.	United States
	Macquarie Equipment Capital Inc.	United States
935411-5	Macquarie Equipment Finance (Canada) Limited	Canada
8253764	Macquarie Equipment Finance (UK) Limited	United Kingdom
262381	MACQUARIE EQUIPMENT FINANCE LIMITED	New Zealand
421234	Macquarie Equipment Finance Limited	Ireland
605377-7	Macquarie Equipment Finance Ltd./Macquarie Financement	Canada
	d'É d'Équipement Ltée. i t Lté
475730	Macquarie Equipment Finance Services Limited	Ireland

468487	Macquarie Equipment Funding Limited	Ireland
459515-H	MACQUARIE EQUIPMENT LEASING SDN. BHD.	Malaysia
112079268	MACQUARIE EQUIPMENT RENTALS PTY LIMITED	Australia
063906392	MACQUARIE EQUITIES (US) HOLDINGS PTY. LIMITED	Australia
WN1114218	MACQUARIE EQUITIES CUSTODIANS LIMITED	New Zealand
002574923	MACQUARIE EQUITIES LIMITED	Australia

WN/1007806	MACQUARIE EQUITIES NEW ZEALAND LIMITED	New Zealand
2006/000899/07	Macquarie Equities South Africa (Pty) Ltd	South Africa
001374572	MACQUARIE EQUITY CAPITAL MARKETS PTY LIMITED	Australia
7713808	Macquarie Euro Limited	United Kingdom
114801464	MACQUARIE EUROPEAN FINANCIAL INVESTMENTS PTY LTD	Australia
078771123	MACQUARIE EUROPEAN HOLDINGS PTY LIMITED	Australia
F15820	MACQUARIE EUROPEAN HOLDINGS PTY LIMITED (HONG KONG	Hong Kong
	BRANCH)
LP017128	Macquarie European Infrastructure Fund 5 LP	United Kingdom
06146573	Macquarie European Investment Holdings Limited	United Kingdom
8253782	Macquarie European Rail Limited	United Kingdom
B172.199	Macquarie European Rail Limited (Luxembourg Branch)	Luxembourg
	Macquarie Executive Holdings LLC	United States
06863285	Macquarie Factoring (UK) Limited	United Kingdom
116582524	MACQUARIE FARM ASSETS AND RESOURCES MANAGEMENT	Australia
	PTY LIMITED
122169304	MACQUARIE FARM SERVICES PTY LIMITED	Australia
13-3789912	Macquarie Fastracks Holdings LLC	United States
26-2864605	Macquarie FG Holdings Inc.	United States
6855383	Macquarie FICC (UK) Limited	United Kingdom
	Macquarie FICC Holdings USA Inc.	United States
132 573 436	MACQUARIE FIEX INVESTMENT PTY LIMITED	Australia
U65999MH2009PTC1908	MACQUARIE FINANCE (INDIA) PRIVATE LIMITED	India
63
118817440	MACQUARIE FINANCE HOLDINGS LIMITED	Australia
106-81-94256	MACQUARIE FINANCE KOREA CO., LTD.	Korea, Republic of
001214964	MACQUARIE FINANCE LIMITED	Australia
13-3789912	Macquarie Financial Holdings (USA) LLC	United States
124071398	MACQUARIE FINANCIAL HOLDINGS PTY LIMITED	Australia
F15819	MACQUARIE FINANCIAL HOLDINGS PTY LIMITED (HONG KONG	Hong Kong
	BRANCH)
4228146	Macquarie Financial Ltd./Financiere Macquarie Ltee.	Canada
61-1718672	Macquarie Financial Markets LLC	United States

095135694	MACQUARIE FINANCIAL PRODUCTS MANAGEMENT LIMITED	Australia
200800950C	MACQUARIE FINANCIAL SERVICES (ASIA) PTE. LIMITED (in	Singapore
	liquidation wef 29 Sep 2015)
128948498	MACQUARIE FINANCIAL SERVICES HOLDINGS PTY LIMITED	Australia
2007/030612/07	Macquarie Financial Trustees (Proprietary) Limited	South Africa
069344154	MACQUARIE FLEET LEASING PTY LIMITED	Australia
HRB 98935	Macquarie Fonds GmbH	Germany
HRB 99628	Macquarie Fondsmanagement GmbH	Germany
163 421 761	MACQUARIE FORESTRY MANAGEMENT PTY LIMITED	Australia
093752946	MACQUARIE FORESTRY SERVICES PTY LIMITED	Australia
481 104 479 R.C.S. Paris	Macquarie France SARL	France
127735960	Macquarie Fund Advisers Pty Limited	Australia
657826-8	Macquarie Funding Holdings Canada Ltd.	Canada
20-5913559	MACQUARIE FUNDING HOLDINGS LLC	United States
6581935	Macquarie Funding Inc.	Canada
LP00000352	MACQUARIE FUNDING LIMITED PARTNERSHIP	Australia
	Macquarie Funding LLC	United States
	Macquarie Funding USA Inc.	United States
20-3783039	MACQUARIE FUNDS MANAGEMENT (USA) INC.	United States
093177407	MACQUARIE FUNDS MANAGEMENT HOLDINGS PTY LIMITED	Australia
724745	MACQUARIE FUNDS MANAGEMENT HONG KONG LIMITED	Hong Kong
006880217	MACQUARIE FUNDS MANAGEMENT PTY LIMITED	Australia
170076	MACQUARIE FUTURES & OPTIONS (HONG KONG) LIMITED	Hong Kong
20-4193486	Macquarie Futures USA LLC	United States
137072112	MACQUARIE FX INVESTMENTS PTY LTD	Australia
128219330	MACQUARIE GCUH HOLDINGS PTY LIMITED	Australia
HRB 82733	Macquarie Germany Holdings GmbH	Germany
091487384	Macquarie Global Bond Fund	Australia
068897C1/GBL	MACQUARIE GLOBAL FINANCE SERVICES (MAURITIUS) LIMITED	Mauritius
05259497	Macquarie Global Investments (UK) Limited	United Kingdom
194165	MACQUARIE GLOBAL OPPORTUNITIES PARTNERS GP LTD	Cayman Islands
131661697	MACQUARIE GLOBAL OPPORTUNITIES PARTNERS INVESTMENT MACQUARIE GLOBAL OPPORTUNITIES PARTNERS	A stralia Australia
	PTY LTD

20-8983535	Macquarie Global Opportunities Partners LLC	United States
	Macquarie Global Services (USA) LLC	United States
U93090DL2007FTC19900	MACQUARIE GLOBAL SERVICES PRIVATE LIMITED	India
6

05488013	Macquarie GP Limited	United Kingdom
05718600	Macquarie GP2 Limited	United Kingdom
1396768	Macquarie Greater China Infrastructure Advisory Limited	Hong Kong
WK-245599	Macquarie Greater China Infrastructure Management Limited	Cayman Islands
124071389	MACQUARIE GROUP (US) HOLDINGS NO.1 PTY LTD	Australia
200412291W	MACQUARIE GROUP HOLDINGS (SINGAPORE) PTE. LIMITED	Singapore
06357992	Macquarie Group Holdings (UK) No.1 Limited	United Kingdom
06357999	Macquarie Group Holdings (UK) No.2 Limited	United Kingdom
1952566	MACQUARIE GROUP HOLDINGS NEW ZEALAND LIMITED	New Zealand
124071478	MACQUARIE GROUP HOLDINGS NO.3 PTY LTD	Australia
07438584	Macquarie Group Investments (UK) No.2 Limited	United Kingdom
122169279	MACQUARIE GROUP LIMITED	Australia
245979	MACQUARIE GROUP NEW ZEALAND LIMITED	New Zealand
200703288K	MACQUARIE GROUP SERVICES (SINGAPORE) PTE. LIMITED	Singapore
116467031	MACQUARIE GROUP SERVICES AUSTRALIA PTY LTD	Australia
FC027877	MACQUARIE GROUP SERVICES AUSTRALIA PTY LTD (UK	United Kingdom
	BRANCH)
609449149	MACQUARIE GROUP TREASURY PTY LTD	Australia
728003-3	Macquarie Holdings (Canada) Ltd	Canada
388232	MACQUARIE HOLDINGS (MEXICO), S.A. DE C.V.	Mexico
200703280D	MACQUARIE HOLDINGS (SINGAPORE) PTE. LTD.	Singapore
13-3789912	MACQUARIE HOLDINGS (U.S.A.) INC.	United States
06309919	Macquarie Holdings (UK) No.1 Limited	United Kingdom
2006/000891/07	Macquarie Holdings South Africa (Pty) Limited	South Africa
not registered	MACQUARIE HOLDINGS TRUST	Australia

MC-199805	Macquarie Hong Kong Finance Limited	Cayman Islands
133001751	MACQUARIE I A RETURNS PTY LIMITED	Australia
36-4307649	MACQUARIE INC	United States
58341C1/GBL	MACQUARIE INDIA HOLDINGS LIMITED	Mauritius
200823500E	MACQUARIE INDIA INFRASTRUCTURE MANAGEMENT HOLDINGS	Singapore
	PTE. LIMITED
130542924	MACQUARIE INDIA PROPERTIES PTY LIMITED	Australia
C41803	MACQUARIE INDUSTRIAL INVESTMENTS MALTA LIMITED	Malta
CS201221372	MACQUARIE INFRASTRUCTURE ADVISORY (PHILIPPINES) INC.	Philippines
03976881	Macquarie Infrastructure and Real Assets (Europe) Limited	United Kingdom
	Macquarie Infrastructure and Real Assets (Europe) Limited (Spain)	Spain
CL1804	Macquarie Infrastructure and Real Assets (Europe) Limited, DIFC	United Arab Emirates
	Representative Office

499 798 742 R.C.S. Paris	Macquarie Infrastructure and Real Assets (Europe) Limited, Paris	France
	Branch
623285	Macquarie Infrastructure and Real Assets (Hong Kong) Limited	Hong Kong
U67190MH2013PTC2418	Macquarie Infrastructure and Real Assets (India) Private Limited	India
09
784370-4	Macquarie Infrastructure and Real Assets (Sales) Canada Ltd	Canada
200513362E	MACQUARIE INFRASTRUCTURE AND REAL ASSETS	Singapore
	(SINGAPORE) PTE. LIMITED
082018399	MACQUARIE INFRASTRUCTURE AND REAL ASSETS HOLDINGS	Australia
	PTY LIMITED
20-8983572	Macquarie Infrastructure and Real Assets Inc.	United States
8248121	Macquarie Infrastructure and Real Assets Investments Limited	United Kingdom
401814	Macquarie Infrastructure and Real Assets México, S.A. de C.V.	Mexico
084828437	Macquarie Infrastructure and Real Assets Pty Limited	Australia
B138295	Macquarie Infrastructure and Real Assets SA	Luxembourg
	Macquarie Infrastructure Developments LLC	United States
074311390	MACQUARIE INFRASTRUCTURE FUNDS MANAGEMENT PTY	Australia
	LIMITED
5755862	Macquarie Infrastructure GP Limited	United Kingdom
CH-170.3.028.960-5/	MACQUARIE INFRASTRUCTURE HOLDINGS AG (in liquidation)	Switzerland

WK-228075 112772871	MACQUARIE INFRASTRUCTURE LIMITED MACQUARIE INFRASTRUCTURE MANAGEMENT (ASIA) PTY	Cayman Islands Australia
	LIMITED
T06FC6823A	MACQUARIE INFRASTRUCTURE MANAGEMENT (ASIA) PTY	Singapore

	LIMITED - SINGAPORE BRANCH
20-0643354	MACQUARIE INFRASTRUCTURE MANAGEMENT (USA) INC	United States
115524028	MACQUARIE INFRASTRUCTURE MANAGEMENT LIMITED	Australia
4339673	Macquarie Infrastructure Partners Canada GP Ltd. M Macquarie Infrastructure Partners II GP i I f t t P t II GP LLC	Canada U it d St t United States

20-4166306	MACQUARIE INFRASTRUCTURE PARTNERS INC United States
20-8983572	Macquarie Infrastructure Partners U.S. GP LLC	United States
46726	Macquarie Infrastructure Philippines Limited	Bermuda
29003	MACQUARIE INFRASTRUCTURE PRIVATE TRUSTEE COMPANY	Bermuda
	LIMITED
41533	MACQUARIE INFRASTRUCTURE REINSURANCE COMPANY	Bermuda
	LIMITED
200505701K	MACQUARIE INSURANCE (SINGAPORE) PTE. LTD.	Singapore
092985263	MACQUARIE INTERNATIONAL FINANCE LIMITED	Australia
04125302	Macquarie International Holdings Limited	United Kingdom
310000400294785 (Jing	MACQUARIE INTERNATIONAL HOUSING AND LAND CONSULTING	China
An)	(SHANGHAI) COMPANY LIMITED
36305	MACQUARIE INTERNATIONAL INFRASTRUCTURE FUND LIMITED	Bermuda
108590996	MACQUARIE INTERNATIONAL INVESTMENTS PTY LIMITED	Australia
01802574	Macquarie International Limited	United Kingdom
F11422	MACQUARIE INTERNATIONAL LIMITED (HONG KONG BRANCH)	Hong Kong
169002	MACQUARIE INTERNATIONAL NEW YORK PARKING CO	Cayman Islands
502151	Macquarie International Services Limited	Hong Kong
04957256	Macquarie Internationale Investments Limited	United Kingdom
36631	MACQUARIE INVESTMENT (HONG KONG) LIMITED	Hong Kong
110000410210419	MACQUARIE INVESTMENT ADVISORY (BEIJING) CO LTD	China
91310000MA1K31CL4R	Macquarie Investment Consulting (Shanghai) Co Ltd.	China
112017919	MACQUARIE INVESTMENT HOLDINGS NO.2 PTY LIMITED	Australia

122939600	MACQUARIE INVESTMENT HOLDINGS PTY LIMITED	Australia
41471	MACQUARIE INVESTMENT MANAGEMENT (BERMUDA) LIMITED	Bermuda
WN1114216	MACQUARIE INVESTMENT MANAGEMENT (NZ) LIMITED	New Zealand
092552611	MACQUARIE INVESTMENT MANAGEMENT AUSTRALIA LIMITED	Australia
FN 171881 t	Macquarie Investment Management Austria Kapitalanlage AG	Austria
09612439	Macquarie Investment Management Europe Limited	United Kingdom
086159060	MACQUARIE INVESTMENT MANAGEMENT GLOBAL LIMITED	Australia
FN 350922 m	Macquarie Investment Management Holdings (Austria) GmbH	Austria
604 942 127	MACQUARIE INVESTMENT MANAGEMENT HOLDINGS PTY	Australia
	LIMITED
116-81-22180	MACQUARIE INVESTMENT MANAGEMENT KOREA CO., LTD.	Korea, Republic of
002867003	MACQUARIE INVESTMENT MANAGEMENT LTD	Australia
B108283	MACQUARIE INVESTMENT MANAGEMENT S.à r.l.	Luxembourg
071745401	MACQUARIE INVESTMENT SERVICES LIMITED	Australia
2009/012283/07	Macquarie Investments (Proprietary) Limited	South Africa
WK-133809	MACQUARIE INVESTMENTS (SINGAPORE) LIMITED	Cayman Islands
04104671	Macquarie Investments (UK) Limited	United Kingdom
05582630	Macquarie Investments 1 Limited	United Kingdom
05708696	Macquarie Investments 2 Limited	United Kingdom
07012592	Macquarie Investments 3 Limited	United Kingdom
069416977	MACQUARIE INVESTMENTS AUSTRALIA PTY LIMITED	Australia
HRB 74953	Macquarie Investments Deutschland GmbH	Germany
n/a	Macquarie Investments LLC	United States
45-2856257	Macquarie Investments US Inc.	United States
119211433	MACQUARIE INVESTORS PTY LTD	Australia
107147222	MACQUARIE JAPAN INFRASTRUCTURE NO.1 PTY LIMITED	Australia
0100-03-012002	MACQUARIE JAPAN INFRASTRUCTURE NO.1 PTY LIMITED	Japan
	(JAPAN BRANCH)
107147188	MACQUARIE JAPAN INFRASTRUCTURE NO.2 PTY LIMITED	Australia
0100-03-011932	MACQUARIE JAPAN INFRASTRUCTURE NO.2 PTY LIMITED	Japan
	(JAPAN BRANCH)
117560282	MACQUARIE JAPAN INFRASTRUCTURE NO.3 PTY LIMITED	Australia
117560415	MACQUARIE JAPAN INFRASTRUCTURE NO.4 PTY LIMITED	Australia
0100-03-012591	MACQUARIE JAPAN INFRASTRUCTURE NO.4 PTY LIMITED	Japan
	(JAPAN BRANCH)
LP16087	Macquarie Juweel Investor LP	United Kingdom
104-81-76330 104-81-95716	MACQUARIE KOREA ASSET MANAGEMENT CO., LTD. MACQUARIE KOREA OPPORTUNITIES MANAGEMENT, LTD.	Korea, Republic of Korea, Republic of

110356968	MACQUARIE LAH PTY LIMITED	Australia
100000400011564	MACQUARIE LEASING (CHINA) CO LIMITED	China
02997799	Macquarie Leasing (UK) Limited	United Kingdom
05867292 002675032	Macquarie Leasing Limited MACQUARIE LEASING NSW PTY. LIMITED	United Kingdom Australia
002674982	MACQUARIE LEASING PTY. LIMITED	Australia
OC363068	Macquarie Lending & Investment Partners LLP	United Kingdom
003963773	MACQUARIE LIFE LIMITED	Australia
HRB 74075	Macquarie Management GmbH	Germany
099 813 028 099 813	MACQUARIE MASTER GEARED GROWTH FUND MACQUARIE MASTER GEARED GROWTH	A li us ralia t
090 079 413	MACQUARIE MASTER SMALL COMPANIES FUND	Australia

133000987	MACQUARIE MAURITIUS INVESTMENTS LIMITED Mauritius
	MACQUARIE MDW INVESTMENTS PTY LTD	Australia
639997-5	Macquarie Metals and Energy Capital (Canada) Ltd.	Canada
04920378	Macquarie Meters 2 (UK) Limited	United Kingdom
07361419	Macquarie Meters 3 (UK) Limited	United Kingdom
1344888	Macquarie Meters 4 Limited	Hong Kong
9794737	Macquarie Meters 5 (UK) Limited	United Kingdom
	MACQUARIE MEXICO HOLDINGS S.A. DE C.V	Mexico
397181	MACQUARIE MEXICO INFRASTRUCTURE MANAGEMENT, S.A. DE	Mexico

	C.V.
477795	Macquarie Mexico Real Estate Management, S.A. de C.V.	Mexico
4508971	MACQUARIE MICROSTAR HOLDINGS INC	United States
095180564	MACQUARIE MIDDLE EAST HOLDINGS PTY LIMITED	Australia
130225222	MACQUARIE MIRA FUND INVESTMENTS PTY LTD	Australia
120070788	MACQUARIE MORTGAGES CANADA HOLDINGS PTY LIMITED	Australia
057760175	MACQUARIE MORTGAGES PTY LIMITED	Australia
22-3840451	MACQUARIE MORTGAGES USA INC	United States
200404077D	MACQUARIE NE HOLDINGS (SINGAPORE) PTE. LIMITED	Singapore
6798497	Macquarie New World Gaming Canada Ltd.	Canada
N/A	Macquarie New World Gaming Partnership	Canada
334868	MACQUARIE NEW ZEALAND LIMITED	New Zealand
	Macquarie NG-KIH Holdings, LLC	United States
123851436	MACQUARIE NOOSA PTY LTD	Australia
3481018	Macquarie North America Ltd.	Canada
129 961 986	Macquarie NRAS Trust	Australia
008595711	MACQUARIE NZ HOLDINGS PTY LIMITED	Australia
129 590 576	MACQUARIE OFFSHORE SERVICES PTY LTD	Australia
FS200805155	Macquarie Offshore Services Pty Ltd - Philippine Branch	Philippines
20-5426915	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
002934705	MACQUARIE OPTIONS PTY. LIMITED	Australia
115251619	MACQUARIE PAYMENTS INFRASTRUCTURE HOLDINGS PTY LIMITED	Australia
6349353	MACQUARIE PETERBOROUGH HOSPITAL INVESTMENTS LIMITED United Kingdom
20-3690322	Macquarie Physical Commodities, LLC	United States
45-1622999	Macquarie Physical Metals (USA) Inc.	United States
27-4554619	Macquarie PMI LLC	United States


	Macquarie PMI Manager LLC	United States
27-1560871	Macquarie Poinsettia Inc.	United States
112561501	MACQUARIE PRINCIPAL PTY LIMITED	Australia
082038328	MACQUARIE PRISM PTY LIMITED	Australia
116782006	MACQUARIE PRIVATE CAPITAL MANAGEMENT LIMITED	Australia
089987388	MACQUARIE PRIVATE PORTFOLIO MANAGEMENT LIMITED	Australia
	Macquarie Professional Series Global Equity Fund	Australia
2292323	Macquarie Projects Limited	Hong Kong
064904169	MACQUARIE PROPERTY (OBU) PTY LIMITED	Australia
076560917	MACQUARIE PROPERTY FINANCE MANAGEMENT PTY LIMITED	Australia
142 083 092	MACQUARIE RADAR HOLDINGS PTY LIMITED	Australia
730170-7	Macquarie Rail Canada Limited	Canada
20-3609362	MACQUARIE RAIL INC.	United States
20-3609362	MACQUARIE RAIL MANAGEMENT LLC	United States
26-3872414	MACQUARIE REAL ESTATE ADVISORY SERVICES LLC	United States
22-3845767	MACQUARIE REAL ESTATE FINANCE INC	United States
13-4055193	MACQUARIE REAL ESTATE INC	United States
HE 291792	Macquarie Renaissance Corporate Finance Holdings Limited	Cyprus
26-1386300	MACQUARIE RENEWABLE ENERGY INC	United States
672846-4	Macquarie Resource Capital Canada Ltd.	Canada
130 224 949	MACQUARIE RESOURCES INVESTMENT MANAGEMENT PTY LIMITED	Australia
07055620	Macquarie Restorations Limited	United Kingdom
998584	Macquarie Retail Management (Asia) Limited	Hong Kong
1273174	MACQUARIE RETAIL REAL ESTATE MANAGEMENT LIMITED	Hong Kong
	Macquarie Rolland Inc.	United States
535266	Macquarie Rotorcraft Leasing (Ireland) Limited	Ireland
46-3045888	Macquarie Rotorcraft Leasing, Inc.	United States
604 949 144	MACQUARIE SCT PTY LIMITED	Australia
002832126	MACQUARIE SECURITIES (AUSTRALIA) LIMITED	Australia
310000500275474	MACQUARIE SECURITIES (AUSTRALIA) LIMITED SHANGHAI MACQUARIE SECURITIES (AUSTRALIA) LIMITED REPRESENTATIVE OFFICE	China

1748511	MACQUARIE SECURITIES (NZ) LIMITED	New Zealand
0105539119915	MACQUARIE SECURITIES (THAILAND) LIMITED	Thailand
728007-6	Macquarie Securities Financing Ltd (Canada)	Canada
104-81-99444	MACQUARIE SECURITIES KOREA LIMITED	Korea, Republic of
003435443	MACQUARIE SECURITIES MANAGEMENT PTY LIMITED	Australia
2006/023546/06	MACQUARIE SECURITIES SOUTH AFRICA LIMITED	South Africa
641342	MACQUARIE SECURITISATION (HONG KONG) LIMITED	Hong Kong
075289002	MACQUARIE SECURITISATION (OBU) PTY LIMITED	Australia
003297336	MACQUARIE SECURITISATION LIMITED	Australia
	Macquarie Septa (Guernsey), LLP	Guernsey
LP016856	Macquarie Septa (UK) I, LP	United Kingdom
LP016857	Macquarie Septa (UK) II, LP	United Kingdom
	Macquarie Septa (US) I, LLC	United States

	Macquarie Septa Aero, LLC	United States
496224	MACQUARIE SERVICES (HONG KONG) LIMITED	Hong Kong
388231	MACQUARIE SERVICES (MEXICO), S.A. de C.V.	Mexico
27-3610899	Macquarie Services (USA) LLC	United States
608 027 667	MACQUARIE SERVICES PARTNERSHIP PTY LIMITED	Australia
11.988.470/001-21	Macquarie Servicos Agricolas Limitada	Brazil
45-4703789	Macquarie Sierra Investment Holdings Inc.	United States
EC#39329	MACQUARIE SPECIALISED ASSET MANAGEMENT (BERMUDA)	Bermuda
	LIMITED
075295608	MACQUARIE SPECIALISED ASSET MANAGEMENT 2 LIMITED	Australia
087382965	MACQUARIE SPECIALISED ASSET MANAGEMENT LIMITED	Australia
125 574 389	MACQUARIE SPECIALIST INVESTMENTS LENDING LIMITED	Australia
46-2151809	Macquarie Storage Investments Inc.	United States
086587635	MACQUARIE STRUCTURED AND SPECIALIST INVESTMENTS	Australia
	HOLDINGS PTY LIMITED
HRB 87430	Macquarie Structured Products (Europe) GmbH	Germany
2009/012427/10	Macquarie Structured Products (International) Limited (Registered as	South Africa
	an external Company in South Africa)
065747417	MACQUARIE STRUCTURED PRODUCTS (INTERNATIONAL) PTY	Australia
	LIMITED
489855	Macquarie Structured Securities (Europe) Public Limited Company	Ireland
008607038	MACQUARIE SWAN STREET PTY LIMITED	Australia
065309033	MACQUARIE SYNDICATION (NO.12) PTY LIMITED	Australia
20-5913559	MACQUARIE TCG (USA) LLC	United States
080218846	MACQUARIE TECHNOLOGY INVESTMENTS PTY LIMITED	Australia
680639-2	Macquarie Technology Services (Canada) Ltd.	Canada
080472751	MACQUARIE TECHNOLOGY VENTURES PTY LTD	Australia
	Macquarie Texas Loan Holder LLC	United States
008606906	MACQUARIE THIRTY-THIRD AVIATION LEASING PTY. LIMITED	Australia
20-5913622	MACQUARIE TRADING SERVICES INC	United States
HRB 76979	Macquarie Treuvermögen GmbH	Germany
2007/035961/07	Macquarie Trustees South Africa (Proprietary) Limited	South Africa
008607109	MACQUARIE TWENTIETH AVIATION LEASING PTY. LIMITED	Australia
02579363	Macquarie UK Holdings Limited	United Kingdom
05452920	Macquarie UK Passenger Leasing Limited	United Kingdom
46-1366111	Macquarie US Gas Supply LLC	United States
	Macquarie US MPIP GP LLC	United States
	Macquarie US MPIP LP LLC	United States
45-2856257	Macquarie US Trading LLC	United States
261723	MACQUARIE VEHICLES (NZ) LIMITED	New Zealand
2299526	Macquarie Ventures (Hong Kong) Limited	Hong Kong
26-2274361	Macquarie Veridian Cove Inc.	United States
HRB 99629	Macquarie Vermögenstreuhand GmbH	Germany
HRB 232580	Macquarie Verwaltungs GmbH	Germany
	Macquarie Washington Wind LLC	United States
26-1573148	Macquarie Water Heater Rentals Holdings 2 LLC	United States
26-0371235	Macquarie Water Heater Rentals Holdings LLC	United States
26-0371235	Macquarie Water Heater Rentals LLC	United States
27-0201039	MACQUARIE WATERFRONT PEARL INC.	United States
32-0410260	Macquarie Wind Farm LLC	United States
603 363 220	MACQUARIE WORSLEY HOLDINGS PTY LIMITED	Australia
213181	Macquarie Zhaopin Holdings Limited	Cayman Islands
46-2716036	Macquarie-PowerFin Solar, LLC	United States
LP17160	MAIF EU Feeder LP	United Kingdom
41968	MAIP INTERNATIONAL HOLDINGS LIMITED	Bermuda
41969	MAIP INVESTMENTS LIMITED	Bermuda
Not registered	MAIT Sub-Trust 2	Australia
66690	MALL Partners I LDC MALL Partners I,	Cayman Islands Cayman
86503	MALL Partners II Limited	Cayman Islands

CR-93169	MALL Partners III Limited	Cayman Islands
	MAP HOLDING TRUST	Australia
MC-257951	MAP II GP Limited	Cayman Islands
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
446206	MASL Ireland (13) Limited	Ireland
446207	MASL Ireland (14) Limited	Ireland
446191	MASL Ireland (22) Limited	Ireland
447474	MASL Ireland (25) Limited	Ireland
447987	MASL Ireland (26) Limited	Ireland
448204	MASL Ireland (27) Limited	Ireland
447980 447981	MASL Ireland (28) Limited MASL Ireland (29) Limited	Ireland Ireland
446204	MASL Ireland (3) Limited	Ireland
447982	MASL Ireland (30) Limited	Ireland
447983	MASL Ireland (31) Limited	Ireland
451456	MASL Ireland (34) Limited	Ireland
451173	MASL Ireland (35) 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 556734-9328	MASL Sweden (3) AB MASL Sweden (4) AB	Sweden Sweden
556741-2498	MASL Sweden (7) AB	Sweden
556741-2506	MASL Sweden (8) AB	Sweden
06386342	MASL UK (1) Limited	United Kingdom
	MBL COVERED BOND TRUST	Australia
008607092	MBL REALTY INVESTMENT MANAGEMENT PTY. LIMITED	Australia
363941	MC CAPITAL GROUP (in voluntary liquidation)	Ireland
146 752 329	MC EDUCATION HOLDINGS PTY LTD	Australia
078223382 26-1386300	MCF LEASING PTY LIMITED MCP Solar Assets Partners I LLC	Australia United States
26-2282798	MCP Solar Assets Partners II LLC	United States
90-1003550	MD - PTH, LLC	United States
	Meadowlark Capital LLC	United States
	Meadowlark Depositor LLC	United States
	Meadowlark Insurance Company LLC	United States
	Medical Student Loan Trust	United States
04866246	MEIF (UK) Limited	United Kingdom
132 468 734 MC-285616	MELRO HOLDCO PTY LIMITED MENA Infrastructure Development Company Ltd	Australia Cayman Islands
568712	Merino Aerospace Finance 35845 Limited	Ireland
568713	Merino Aerospace Finance 36566 Limited	Ireland
568710	Merino Aerospace Finance 36707 Limited	Ireland
568711	Merino Aerospace Finance 4257-1 Limited	Ireland
570137	Merino Aerospace Finance 5482-1 Limited	Ireland
568706	Merino Aerospace Finance 6350 Limited	Ireland
568707	Merino Aerospace Finance 6458 Limited	Ireland
568708 568709	Merino Aerospace Finance 6500 Limited Merino Aerospace Finance 6538 Limited	Ireland Ireland
	Merino Air Leasing, Inc.	United States
084781493	MERIT NO.1 PTY LIMITED	Australia
200708397H	MGJ HOLDINGS PTE. LIMITED	Singapore
20-8983572	MGOP Feeder I GP LLC	United States
356-88-00177	M-GREEN HOLDINGS LIMITED	Korea, Republic of
26-4389305	MIAC SERVICES INC.	United States
58972 7	MIDF UK1 GUERNSEY GP LIMITED MIDF UK1 LLP	Guernsey Guernsey
59027	MIDF UK1B GUERNSEY GP LIMITED	Guernsey
20-8723490	MIF US Investment Holdings LLC	United States
20-8879012	MIF US INVESTMENT PARTNERSHIP	United States
13-3789912	MIHI LLC	United States
38-3938360	MIP III (ECI) GP LLC	United States
	MIP III Tigerfish (Canada) GP LLC MIP III Tigerfish (Canada) GP	United States United
0100-02-032951	MJL ACE LTD.	Japan

810 610 205	Mongoose Acquisition LLC	United States
103410297	MONGOOSE PTY LTD	Australia
WK-133920	Monkwell Investments Limited (in voluntary liquidation)	Cayman Islands
20-5336393	Moonstone Lien Investments, LLC	United States
08108683	Mornington Funding 2012-1 PLC (in voluntary liquidation)	United Kingdom
08108607	Mornington Holding Limited (in voluntary strike off)	United Kingdom
8499211	MPF Nominees Limited	United Kingdom
451722	MPFI INVESTMENTS LIMITED (in members' voluntary liquidation)	Ireland
MC-162571	MQ ABSOLUTE RETURN STRATEGIES - ASIA	Cayman Islands
061160558	MQ CAPITAL PTY LIMITED	Australia
086438995	MQ SPECIALIST INVESTMENT MANAGEMENT LIMITED	Australia
U51909MH2012FTC2265	MQG Commodities (India) Private Limited	India
45
N.A. (see note)	MQG Commodities (India) Private Limited (Delhi Branch office)	India
OGRN 1117746637348	MRIF LLC	Russian Federation
124335333	MTF HOLDINGS PTY LIMITED	Australia
003337675	NANWAY NOMINEES PTY LIMITED	Australia
n/a	NDI NO.1 LLC	United States
90-0891597	New Jersey Boardwalk Lien Investments, LLC	United States
B132283	New World Gaming International S.a.r.l	Luxembourg
46-1504548	New York Crystal Swan, LLC	United States
	NewZoom Holdings Inc.	United States
	NewZoom, Inc.	United States
BC0883591	NWG Canada Investments Ltd.	Canada
157723441	NZ MORTGAGES PTY LTD	Australia
3791037	NZ MORTGAGES PTY LTD (Branch Office)	New Zealand
CR-114570	O'Farrell Leasing (Holdings) Ltd.	Cayman Islands
27-4650575	OLF, LLC	United States
26-33383464	One Call Debt Help LLC	United States
131 233 719	OPEN BROADBAND AUSTRALIA PTY LTD	Australia
	OpenFiber Kentucky Company, LLC	United States
113519823	OT HOLDINGS PTY LIMITED	Australia
115771992	OUTPLAN PTY LIMITED	Australia
071982244	PACIFIC RIM OPERATIONS LIMITED	Australia
26-1286651	PADUA MG HOLDINGS LLC	United States
66 531 917 920	PELICAN WAREHOUSE TRUST NO.1	Australia
	PEREGRINE SELLER TRUST	Australia
	PEREGRINE SERIES TRUST 2009-1	Australia
09877838	Perisher MidCo Limited	United Kingdom
9879899	Perisher StorageCo Limited	United Kingdom
119964	Perisher TopCo Limited	Jersey
	Permian Water Supply Company LLC	United States
752614982	Petro Tradelinks Inc.	United States
	Pipeline Rehabilitation No.4 Trust	Australia
608629509	PIQ1 PTY LTD	Australia
529690	Poseidon InvestCo GP Ireland Limited	Ireland
09.03.1.67.21972	PT MACQUARIE CAPITAL SECURITIES INDONESIA	Indonesia
09.03.1.05.73897	PT MACQUARIE COMMODITIES INDONESIA	Indonesia
09.03.1.70.68374	PT MPM INDONESIA	Indonesia
not registered	PUMA GLOBAL TRUST NO.5	Australia
not registered	PUMA GLOBAL TRUST NO.6	Australia
064904212	PUMA MANAGEMENT PTY LIMITED	Australia
not registered no registered	PUMA MASTER FUND P-10 PUMA MASTER FUND P-11	Australia Australia

	PUMA MASTER FUND P-8	Australia
	PUMA MASTER FUND P-9 PUMA MASTER FUND S-2	Australia Australia
	PUMA MASTERFUND H-1	Australia
	PUMA MASTERFUND P12	Australia
	PUMA MASTERFUND P-13	Australia
	PUMA MASTERFUND P-14	Australia
not registered	PUMA MASTERFUND P-15	Australia
	PUMA MASTERFUND P-16	Australia
	PUMA MASTERFUND P-17	Australia
	PUMA Masterfund P-18	Australia
	PUMA Masterfund P-19	Australia
	PUMA Masterfund S-10	Australia
	PUMA MASTERFUND S-11	Australia
	PUMA Masterfund S-12	Australia
	PUMA Masterfund S-13	Australia
	PUMA Masterfund S 14 PUMA Masterfund S-14	Australia
	PUMA MASTERFUND S3	Australia

	PUMA MASTERFUND S-5	Australia
	PUMA MASTERFUND S-6	Australia
not registered	PUMA MASTERFUND S-7	Australia
	PUMA MASTERFUND S-8	Australia
	PUMA Masterfund S-9	Australia
	PUMA S4 (Group)	Australia
	PUMA SERIES 2014-1	Australia
	PUMA Series 2014-2	Australia
	PUMA Series 2014-3P	Australia
Not registered	PUMA Series 2014-4P	Australia
	PUMA Series 2015-1	Australia
	PUMA Series 2015-2P	Australia
	PUMA SERIES 2015-3	Australia
	PUMA SERIES 2015-4P	Australia

	PUMA SERIES 2015-5P	Australia
	PUMA Series 2016-1	Australia
	PUMA Series Trust 2013-1	Australia
not registered	PUMA SUB FUND CRS	Australia
Not registered	PUMA SUB FUND GSF	Australia
not registered	PUMA SUB FUND SPAN	Australia
	PUMA SUBFUND B-1	Australia
	PUMA Subfund B-2	Australia
	PUMA SUBFUND COMMBANK	Australia
	PUMA Warehouse No.1	Australia
	PUMA Warehouse No.2	Australia
	RC Holdings I LLC	United States
	RC Holdings II LLC	United States
26-5600465	RED HOLLOW WIND LLC	United States
26-4167476	Regal Capital Advisors, LLC	United States
26-4203808	Regal Capital Group, LLC	United States
not registered	REGIONAL MEDIA TRUST	Australia
	Relational Technology Services, Inc.	United States
150 449 684	RELOAD WIND FARM PTY LTD	Australia
	RELOAD WIND FARM TRUST	Australia
124947388	RESF NO. 1 PTY LTD	Australia
200921086K	RESOURCE MARINE PTE. LIMITED	Singapore
FC029978	Resource Marine Pte. Limited (UK Establishment)	United Kingdom
23-2828161	Retirement Financial Services, Inc.	United States
114 594 080	REVERSE MORTGAGE SERVICES PTY LTD	Australia
	RISK ADVICE SPECIALISTS PTY LTD	Australia
153718079
U74140MH2008PTC1846 28	SBI Macquarie Infrastructure Management Private Limited	India
U93093MH2009PTC1962 22	SBI Macquarie Infrastructure Trustee Private Limited	India
201420398Z	SELENE INVESTMENTS SINGAPORE PTE. LTD.	Singapore
	Service Line Warranties of America, Inc.	United States
	Service Line Warranties of America, Inc.	United States
BC0996659	Service Line Warranties of Canada Holdings, Inc.	Canada
BC0996652	Service Line Warranties of Canada, Inc.	Canada
20-5913622	SHELBY ENERGY HOLDINGS, LLC	United States
464139	Shichi Limited (in voluntary liquidation)	Ireland
2008/022345/07	Shieldco Securities S1 (Pty) Limited	South Africa
	SMART ABS Series 2012-2US Trust	Australia
to be incorporated	SMART ABS Series 2012-3EQ Trust	Australia
not registered	SMART ABS Series 2012-4US Trust	Australia
unlisted	SMART ABS Series 2013-1US Trust	Australia
not registered	SMART ABS Series 2013-2 US Trust	Australia
	SMART ABS Series 2013-3 Trust	Australia
	SMART ABS Series 2013-4PP Trust	Australia
	SMART ABS Series 2014-1 US Trust	Australia
	SMART ABS Series 2014-2E TRUST	Australia
	SMART ABS Series 2014-3PP Trust	Australia
	SMART ABS Series 2014-4 Trust	Australia
	SMART ABS Series 2015-1US Trust	Australia
	SMART ABS Series 2015-2 Trust	Australia
	SMART ABS Series 2015-3US Trust	Australia
	SMART ABS SERIES 2015-4E TRUST	Australia
	SMART ANZ WAREHOUSE Trust	Australia
	SMART J WAREHOUSE TRUST	Australia
	SMART O Warehouse Trust	Australia
	SMART RBS WAREHOUSE TRUST SMART RBS WAREHOUSE	Australia

unlisted	SMART Series 2012-1US Trust	Australia
	SMART U Warehouse Trust	Australia
80-0852389	South Carolina Sandy Tyger Investments, LLC	United States
	Specialty Finance Holdings, Inc.	United States
	Sterling TC Holdings LLC	United States
	Sterling TC Property Owner LLC	United States
34298324	Stichting Security Trustee E-MAC DE 2009-I	Netherlands
HRB80040	Structural Support Systems Germany GmbH	Germany
	Summerset Holdings LLC	United States
	Summerset Property Owner LLC	United States
MC189031	SYNTHETIC ASSET FUNDING ENTITY 1 LIMITED	Cayman Islands
MC189033	SYNTHETIC ASSET FUNDING ENTITY 2 LIMITED	Cayman Islands
MC189031	SYNTHETIC ASSET FUNDING ENTITY 3 LIMITED	Cayman Islands
	TA Trust	Australia
26-1233254	TAURUS AEROSPACE GROUP INC.	United States
20-5474013	Tax Ease CA, LLC	United States
37-1750174	Tax Ease Company LLC	United States
20-2937172	Tax Ease Employee Services Company LLC	United States
75-3130882	Tax Ease Financial Services, LP	United States
41-2228674	Tax Ease FL REO, LLC	United States
75-3130887	Tax Ease Funding GP LLC	United States
90-0909796	Tax Ease Funding Two, LLC	United States
75-3130885 20-2937047	Tax Ease Funding, LLC Tax Ease Holdings LLC	United States United States
20-2937080	Tax Ease Lien Investments 1 LLC	United States
26-4377481	Tax Ease Lien Servicing LLC	United States
46-5586117	Tax Ease NV LLC	United States
20-2937103	Tax Ease Ohio, LLC	United States
42-1664041	Tax Ease PA, LLC	United States
113508160	TELBANE 2 PTY LIMITED	Australia
070142951	TELBANE PTY LTD	Australia
HRB80044	Tension Services Holdings GmbH	Germany
OC315196	The Bluebell Transportation LLP	United Kingdom
OC315171	The Goonzaran LLP	United Kingdom
	THE MACQUARIE TOPI40 INVESTMENT TRUST	South Africa
IT1872/2007	THE MF TRUST	South Africa
80-0939458	TN - PTH, LLC	United States
	TRAMS ABS Series 2015-1	Australia
	TRAMS ABS Series 2015-2W	Australia
49847	Trichy Tollway Private Limited	India
2012853459	Tristone Capital Global Inc.	Canada
208568022	Tristone Capital Inc.	Canada
	Tristone Capital SA (Argentine Branch)	Argentina
2012712838	Tristone Capital SA Ltd	Canada
09648750	UK NPD Investments GP Limited	United Kingdom
09316859	UK PPP Investments GP Limited	United Kingdom
085359833	UPL (SA) PTY LIMITED	Australia
055500902	UPMILL NOMINEES PTY LIMITED	Australia
081119495	URBAN PACIFIC PTY LIMITED	Australia
03705740	Utility Metering Services Limited	United Kingdom
45-2982811	Utility Service Partners Private Label of Virginia Inc.	United States
20-4282684	UTILITY SERVICE PARTNERS PRIVATE LABEL, INC.	United States
20-0258843	UTILITY SERVICE PARTNERS, INC.	United States
107-87-51612	VALUE LOAN MORTGAGE LLC	Korea, Republic of
8692223	Wala Holding 2 Limited	United Kingdom
WK-166995	West Portal Leasing Limited	Cayman Islands
20-2937224	Winslow Lien Investments, LLC	United States
054813080	WOODROSS NOMINEES PTY. LIMITED	Australia
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

ANNEXURE 'B'

This is the annexure marked 'B' of 1 page(s) referred to in the Notice of initial substantial holder.

Dennis Leong Company Secretary, Macquarie Group Limited 23 March 2016

Consideration

Date of change	Person whose relevant interest changed	Nature of change	Consideration	Number of securities affected		Class Person's votes affected
21-Mar-16	MCAL	Macquarie Capital (Australia) Limited in conjunction with its affiliates ("MCAL") entered into a Block Trade Agreement on 21 March 2016 with entities listed in those agreements (See Annexure C). Pursuant to section 608 of the Corporations Act and the terms of the Block Agreement, MCAL acquired a relevant interest in shares of Nick Scali Limited.	AUD \$ 3.80	See Annexure C
17-Mar-16	MBL	On Market Sale	AUD \$4.12	-4,818	FPO	4,818
17-Mar-16	MBL	On Market Sale	AUD \$4.10	-10,182	FPO	10,182
14-Mar-16	MBL	On Market Purchase	AUD \$4.20	184	FPO	184
19-Feb-16	MBL	Off Market Sale	AUD \$4.35	-4,556	FPO	4,556
19-Feb-16	MBL	Off Market Sale	AUD \$4.35	-31,000	FPO	31,000
19-Feb-16	MBL	Off Market Purchase	AUD \$4.35	31,000	FPO	31,000
19-Feb-16	MBL	Off Market Purchase	AUD \$4.35	4,556	FPO	4,556
12-Feb-16	MBL	On Market Purchase	AUD \$4.36	31,000	FPO	31,000
09-Feb-16	MBL	On Market Purchase	AUD \$4.39	1,336	FPO	1,336
09-Feb-16	MBL	On Market Purchase	AUD \$4.38	3,220	FPO	3,220

ANNEXURE 'C'

This is the annexure marked 'C' of 17 pages referred to in the Notice of initial substantial holder

Dennis Leong Company Secretary, Macquarie Group Limited 23 March 2016

COMMERCIAL-IN CONFIDENCE

21 March 2016

Scali Consolidated Pty Limited (ABN 63 002 410 559) 3 Birnie Avenue Lidcombe NSW 2141

(the Vendor)

Dear Sirs

Sale of Shares in Nick Scali Limited (ABN 82 000 403 896)

$\mathbf{1}$ . Introduction

This agreement sets out the terms and conditions upon which the Vendor engages Macquarie Capital (Australia) Limited (ABN 79 123 199 548) (Lead Manager) to dispose of 18,421,053 existing fully paid ordinary shares in Nick Scali Limited (ABN 82 000 403 896) (Company) held by the Vendor (Sale Shares) (Sale) and the Lead Manager agrees to procure the disposal of the Sale Shares and to provide underwriting thereof, subject to clause 2, in accordance with the terms of this agreement.

$2.$ Sale of shares

$2.1$ Sale

The Vendor agrees to sell the Sale Shares and the Lead Manager agrees to:

$(a)$ manage the sale of the Sale Shares by procuring purchasers for the Sale Shares at the price of A\$3.80 per Sale Share (Sale Price); and
$(b)$ subject to clause 2.7, to underwrite and guarantee the sale of the Sale Shares by purchasing at the Sale Price per Sale Share the Sale Shares which have not been purchased by third party purchasers (or the Lead Manager's Affiliates) in accordance with clause 2.1(a) as at 9.45am on the Trade Date (as defined in the Timetable in Schedule 1) (or such time as the parties agree in writing) (Shortfall Shares).

in accordance with the terms of this agreement. The Lead Manager acknowledges and agrees that the identity of purchasers, and the offers to them, will comply with the requirements of this clause 2 and, subject to the foregoing, may include the Lead Manager's respective Affiliates (as defined in clause 11.5).

$2.2$ Sale and Settlement Date

The Lead Manager will procure that the sale of the Sale Shares under clause 2.1 shall be effected:

subject to clause 2.2(b), on the Trade Date, by way of one or more special $(a)$ crossings (in accordance with the Operating Rules of ASX) at the Sale Price, with settlement to follow on a T+2 basis in accordance with the ASX Settlement Operating Rules (Settlement Date); and
in respect of any Restricted Shares (as defined in clause 2.7), in accordance with $(b)$ clause 2.8.

$2.3$ Sale Shares

Subject to clause 8, by 3:00pm on the Settlement Date, the Lead Manager shall arrange for the payment to the Vendor, or to a designee as the Vendor directs, of an amount equal to:

$(a)$ the Sale Price multiplied by the number of Sale Shares being sold by the Vendor (excluding the number of Restricted Shares retained by the Vendor in accordance with clause 2.7, if any); less
the fees payable under clause 3 (together with any GST payable on those fees); $(b)$ less
$(c)$ any withholding amounts required to be withheld under clause 10,

by transfer to the Vendor's account for value (in cleared funds) against delivery of the Sale Shares (excluding the Restricted Shares, if any) being sold by the Vendor.

$2.4$ Timetable

The Lead Manager must conduct the Sale in accordance with the timetable set out in Schedule 1 (Timetable) (unless the Vendor consents in writing to a variation).

2.5 Account Opening

On or before the Trade Date, the Lead Manager or its nominated Affiliate will (where relevant) open an account in the name of the Vendor in accordance with its usual practice, and do all such things necessary to enable it to act as Lead Manager to sell the Sale Shares in accordance with this agreement.

$2.6$ Manner of Sale

Exempt investors and permitted jurisdictions. The Lead Manager will conduct $(a)$ the Sale by way of an offer only to persons:
if in Australia, who do not need disclosure under Part 6D.2 of the $(i)$ Corporations Act 2001 (Cth) (Corporations Act);
if outside Australia, to institutional and professional investors in the $(ii)$ Permitted Jurisdictions (as defined below) but not elsewhere (other than the United States in accordance with this agreement) to whom offers for sale of securities may lawfully be made without requiring the preparation, delivery, lodgement or filing of any prospectus or other disclosure document or any other lodgement, registration or filing with, or approval by, a government agency (other than any such requirement with which the Vendor, in its sole and absolute discretion, is willing to comply), as determined by agreement between the Vendor and the Lead Manager; and
$(iii)$ in accordance with the foreign offer restrictions provided to the Lead Manager before the execution of this agreement.
Investor agreements. The Lead Manager will ensure that any Investor that $(b)$ purchases the Sale Shares (other than any Restricted Shares sold in regular brokered transactions on the ASX in accordance with clause 2.8(d) will be required to confirm, including through deemed representations and warranties, among other things:
its status as an investor meeting the requirements of this clause 2.6 and $(i)$ clause $2.8(f)$ or $(g)$ ; and

its compliance with all relevant laws and regulations (including the $(ii)$ takeover and insider trading provisions of the Corporations Act and the Foreign Acquisitions and Takeovers Act 1974 (Cth)).

Permitted Jurisdictions means Belgium, Denmark, France, Germany, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, New Zealand, Norway, Singapore, Sweden, Switzerland, United Arab Emirates (excluding Dubai International Financial Centre) and United Kingdom.

$(c)$ Legal and regulatory issues: The Lead Manager will have no obligations under this Agreement unless and until by the relevant time:
$(i)$ Vendor has, and has procured that the Issuer has completed a due diligence questionnaire to the satisfaction of the Lead Manager prior to execution of this Agreement:
Vendor procures that at the time specified In the Timetable, the Issuer $(ii)$ announces the Sale (including the Vendor's name and the number of Sale Securities to be sold under the Sale) and any Investor Presentation and any Inside Information and any Material Information (each as defined in the Corporations Act) through the Issuer's ASX Announcement Platform (in substantially the form agreed between the parties); and
$(iii)$ Vendor procures the Issuer to obtain a trading halt in the Issuer's securities.
Allocations. Proposed allocations of the Sale Shares to purchasers will be made $(d)$ by the Lead Manager in its sole discretion.

$2.7$ Principal Shares

Notwithstanding anything else in this Agreement the number of Sale Shares which must be purchased by the Lead Manager under the terms of this Agreement (Principal Shares) will be the lesser of:

the Shortfall Shares; and $(a)$
the maximum number of the Sale Shares that can be sold to the Lead Manager $(b)$ without breach by the Lead Manager or any of its associates of section 606 of the Corporations Act.

The Lead Manager warrants that the information it provides to the Vendor to enable it to calculate the number of Principal Shares in accordance with this clause 2.7 will, at the time it is given, be accurate. If the number of Principal Shares is less than the number of Shortfall Shares, such difference to be referred to in this Agreement as the Restricted Shares, the Vendor agrees to retain any Restricted Shares, subject to the terms of this Agreement.

$2.8$ Restricted Shares

Advance Amount. By 3:00pm on the Settlement Date, the Lead Manager must $(a)$ advance to the Vendor an amount equal to the number of Restricted Shares (if any) multiplied by the Sale Price (Advance Amount). No interest will be payable on the Advance Amount. The Vendor must repay the Advance Amount from and to the extent that the Vendor receives the proceeds of sale of the Restricted Shares. The outstanding Advance Amount will not be repayable in any circumstances in respect of Restricted Shares not sold by the End Date (as defined in clause 2.8(c) below) and the agency provided for in clause 2.8(c) will terminate at that time or at such earlier time when all Restricted Shares have been sold. If the Vendor receives a dividend or other distribution on a Restricted Share prior to the End Date, where that dividend or distribution was announced on or after the Trade Date, then the

Vendor must pay the after-tax amount of the receipt to the Lead Manager in reduction of the Advance Amount applicable to that Restricted Share.

Repayment. The Lead Manager will automatically apply any proceeds of sale of $(b)$ the Restricted Shares as agent against repayment of the Advance Amount by the Vendor, immediately upon receipt of those proceeds.
$(c)$ Restricted Shares. If there are Restricted Shares, then the Lead Manager will sell, as agent for the Vendor, in the ordinary course of the Lead Manager's business, the Restricted Shares by the date that is 90 Business Days after the date of this Agreement (End Date). The Vendor must comply with directions of the Lead Manager to transfer Restricted Shares in order to settle any such sale, provided that all sales must be effected by 7.00 pm on the End Date;
Execution of sale of Restricted Shares. The Lead Manager agrees that the sale $(d)$ of the Restricted Shares will be effected by way of one or more special crossings in accordance with the Operating Rules of the ASX and the ASX Settlement Operating Rules, and/or by way of one or more regular brokered transactions on the ASX on the condition that neither it, nor any person acting on its behalf, knows, or has reason to know, that the sale has been pre-arranged with, or that the purchaser is, a person in the United States. Settlement of Restricted Shares sold in this manner will occur on a T + 2 basis, (where T represents the date on which the relevant share was sold).
Interest in Restricted Shares. The parties acknowledge that the Lead Manager $(e)$ does not acquire any interest in the Restricted Shares (if any) or any rights in them (by way of security or otherwise) in respect of them except as agent for the sale of those shares.
U.S. Securities Act The Sale Shares shall only be offered and sold:
to persons that are not in the United States in "offshore transactions" (as defined in $(f)$ Rule 902(h) under the U.S. Securities Act of 1933 (U.S. Securities Act)) in reliance on Regulation S under the U.S. Securities Act (Regulation S); or
to dealers or other professional fiduciaries organised, incorporated or (if an $(g)$ individual) resident in the United States that are acting for an account (other than an estate or trust) held for the benefit or account of persons that are not "U.S. persons" (as defined in Rule 902(k)(2)(i) of Regulation S) for which they have, and are exercising, investment discretion within the meaning of Rule 902(k)(2)(i) of Regulation S (Eligible U.S Fund Managers) in relation on Regulation S, and each party and its Affiliates and any person acting on behalf of that party have complied with, and will comply with the offering restriction requirements in Regulation S.

3. Fees and costs

In consideration of performing its obligations under this agreement the Lead $(a)$ Manager shall be entitled to such fees as the parties agree.
$(b)$ The parties will each bear their own legal costs (if any) and all their other out-ofpocket expenses (if any) in connection with this agreement and the transactions contemplated by it.

4. Representations and Warranties

$4.1$ Representations and warranties by Vendor

As at the date of this agreement and on each day until and including the Settlement Date (or in the case where clause 2.7 applies in respect of the Lead Manager, 3 Business Days after the

End Date), the Vendor represents and warrants to the Lead Manager that each of the following statements is true, accurate and not misleading:

(body corporate) it is a body corporate validly existing and duly established under $(a)$ the laws of its place of incorporation;
$(b)$ (capacity) it has full legal capacity and power to enter into this agreement and to carry out the transactions that this agreement contemplates;
$(c)$ (authority) it has taken, or will have taken by the time required, all corporate action that is necessary or desirable to authorise its entry into this agreement and its carrying out of the transactions that this agreement contemplates;
$(d)$ (agreement effective) this agreement constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms:
$(e)$ (ownership, encumbrances) it is the registered holder and sole legal owner of the Sale Shares and will transfer the full legal and beneficial ownership of those Sale Shares free and clear of all liens, charges, security interests, claims, equities and pre-emptive rights, subject to registration of the transferee(s) in the register of shareholders of the Company:
(Sale Shares) following sale by it, the Sale Shares will rank equally in all respects $(f)$ with all other outstanding ordinary shares of the Company, including their entitlement to dividends:
(Cleansing statement) the cleansing notices will include all 'excluded information", $(g)$ as defined in the Corporations Act and will not be misleading or deceptive, including by omission and following the issue of cleansing notices, as contemplated by this agreement, the Sale Shares may be offered for sale on the financial market operated by ASX without disclosure to investors under Part 6D.2 of the Corporations Act:
(power to sell) it has the corporate authority and power to sell the Sale Shares $(h)$ under this agreement and no person has a conflicting right, whether contingent or otherwise, to purchase or to be offered for purchase the Sale Shares;
(no insider trading offence) at the time of execution of this Agreement by the $(i)$ Vendor, the sale of the Sale Shares will not constitute a violation by it of Division 3 of Part 7.10 of the Corporations Act;
(breach of law) it will perform its obligations under this Agreement so as to comply $(i)$ with all applicable laws in Australia, including in particular the Corporations Act and the FATA, the United States of America and the jurisdictions specified in clause $2.6(a)(ii);$
(Escrow) Vendor represents and warrants that it will not from the date of this $(k)$ Agreement until the day following the announcement of the Issuer's financial results for the financial year ending 30 June 2016 to ASX (the "Escrow Period"). Deal in all or any of the fully paid ordinary shares held by it in the Issuer ("Remaining Securities") after the sale of the Sale Securities pursuant to this Agreement, excluding:
$(i)$ a repurchase (whether by buy-back, reduction of capital or other means) of Remaining Securities by the Issuer;
any acceptance by the Vendor of a takeover offer for the Issuer in $(ii)$ accordance with Chapter 6 of the Corporations Act or transfer pursuant to a scheme of arrangement under Part 5.1 of the Corporations Act; and

$(iii)$ a sale, transfer, or disposal to a third party where it is a condition of the sale that the third party announce an intention to acquire, or propose a transaction to acquire, greater than 50% of all Remaining Securities.

Each party to this Agreement acknowledges that the representation and warranty in clause $4.1(k)$ :

$(i)$ is not intended to and does not give the Lead Manager any power to dispose of, or control the disposal of, the Remaining Securities the subject of the representation and warranty and a breach of the representation and warranty in those circumstances will only give rise to a right to damages and the parties acknowledge that, in such circumstances, damages are an adequate remedy for a breach of the representation and warranty; and
has been provided to only address the financial consequences of the Vendor $(iii)$ disposing of, or dealing with, any Remaining Securities held by it and each party to this Agreement acknowledges that the Lead Manager is not entitled to a remedy of specific performance for a breach of the representation and warranty in clause 4.1(k) and has no right to prevent or restrict any Dealing that may give rise to a breach of the representation and warranty in clause $4.1(k)$ .

For the purposes of clause 4.1(k), "Deal", in respect of the "Remaining Securities", means:

sell, assign, transfer or otherwise dispose of; $(i)$
agree or offer to sell, assign, transfer or otherwise dispose of; $(ii)$
enter into any option which, if exercised (whether such exercise is subject to $(iii)$ conditions or otherwise) enables or requires the Vendor to sell, assign, transfer or otherwise dispose of; or
decrease or agree to decrease an economic interest in, $(iv)$
the Remaining Securities. $(v)$

(Vendor U.S representations)

none of it, any of its Affiliates or any person acting on behalf of any of them (other $(1)$ than the Lead Manager or its Affiliates or any person acting on behalf of any of them, as to whom it makes no representation) has offered or sold, or will offer or sell, any of the Sale Shares in the United States, using any form of "general solicitation" or "general advertising" within the meaning of Rule 502(c) under the U.S. Securities Act:
$(m)$ with respect to those Sale Shares sold in reliance on Regulation S, none of it, any of its Affiliates, or any person acting on behalf of any of them (other than the Lead Manager or its Affiliates or any person acting on behalf of any of them, as to whom it makes no representation) has engaged or will engage in any "directed selling efforts" (as that term is defined in Rule 902(c) under the U.S. Securities Act);
to the best of its knowledge, the Company is a 'foreign private issuer' as defined in $(n)$ Rule 405 under the U.S. Securities Act and there is no 'substantial U.S. market interest' (as defined in Rule 902(j) under the U.S. Securities Act) in the Sale Shares or any security of the same class or series as the Sale Shares;
neither it nor any of its Affiliates has taken or will take, directly or indirectly, any $(0)$ action designed to, or that might reasonably be expected to, cause or result in the stabilisation or manipulation of the price of the Sale Shares in violation of any applicable law;
none of it, any of its Affiliates or any person acting on behalf of any of them (other $(p)$ than the Lead Manager or its Affiliates or any person acting on behalf of any of them, as to whom it makes no representation or warranty), has solicited any offer to buy, offered to sell or sold, and none of them will solicit any offer to buy, offer to sell or sell in the United States or to, or for the account or benefit of, any person in the United States any security which could be integrated with the sale of the Sale Shares in a manner that would require the offer and sale of the Sale Shares to be registered under the U.S. Securities Act; and
subject to compliance by the Lead Manager with its obligation under clauses 4.2(e) $(q)$ to 4.2(i) of this Agreement, it is not necessary to register the offer and sale of the Sale Shares, and the initial resale of the Sale Shares by the Lead Manager, in the manner contemplated by this Agreement under the U.S. Securities Act, it being understood that it makes no representation or warranty about any subsequent resale of the Sale Shares.

$4.2$ Representations and warranties of Lead Manager

As at the date of this Agreement and on each day until and including the Settlement Date (or in the case where clause 2.7 applies in respect of the Lead Manager, 3 Business Days after the End Date), the Lead Manager represents to the Vendor that each of the following statements is correct:

(body corporate) It is a body corporate validly existing and duly established and $(a)$ duly incorporated under the laws of its place of incorporation;
(capacity) it has full legal capacity and power to enter into this Agreement and to $(b)$ carry out the transactions that this Agreement contemplates;
(authority) it has taken, or will have taken by the time required, all corporate action $(c)$ that is necessary or desirable to authorise its entry into this Agreement and its carrying out of the transactions that this Agreement contemplates; and
$(d)$ (agreement effective) this Agreement constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms.

(Lead Manager U.S representations)

it acknowledges that the offer and sale of the Sale Shares have not been and will $(e)$ not be registered under the U.S. Securities Act and may not be offered or sold in the United States or to, or for the account or benefit of, persons in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act;
$(f)$ none of it, its Affiliates nor any person acting on behalf of any of them has solicited offers for or offered to sell, and none of them will solicit offers for, or offer or sell, the Sale Shares in the United States, using any form of "general solicitation" or "general advertising" within the meaning of Rule 502(c) under the U.S. Securities Act;
it, its Affiliates and any person acting on behalf of any of them has offered and sold $(g)$ the Sale Shares, and will offer and sell the Sale Shares:
to persons that are not in the United States and are not acting for the $(i)$ account or benefit of, persons in the United States in "offshore transactions" (as defined in Rule 902(h) under the U.S. Securities Act) in accordance with Regulation S:
with respect to those Sale Shares sold in reliance on Regulation S, none of it, its $(h)$ Affiliates nor any person acting on behalf of any of them has engaged or will

engage in any "directed selling efforts" (as that term is defined in Rule 902(c) under the U.S. Securities Act); and

$(i)$ neither it nor any of its Affiliates has taken or will take, directly or indirectly, any action designed to, or that might reasonably be expected to, cause or result in the stabilisation or manipulation of the price of the Sale Shares in violation of any applicable law.

$4.3$ Reliance

Each party giving a representation and warranty acknowledges that the other parties have relied on the above representations and warranties in entering into this agreement and will continue to rely on these representations and warranties in performing their obligations under this agreement. The above representations and warranties continue in full force and effect notwithstanding completion of this agreement.

$4.4$ Notification

Each party agrees that it will tell the other parties immediately upon becoming aware of any of the following occurring prior to the completion of the sale of the Sale Shares:

any change affecting any of the foregoing representations and warranties; or $(a)$
any of the foregoing representations or warranties becoming materially untrue or $(b)$ incorrect.

5. Undertakings

$5.1$ Restricted Activities

The Vendor undertakes to the Lead Manager to:

not, prior to settlement on the Settlement Date commit, be involved in or acquiesce $(a)$ in any activity which breaches:
the Corporations Act and any other applicable laws; $(i)$
$(ii)$ its constitution;
$(iii)$ the ASX Listing Rules;
$(iv)$ any legally binding requirement of ASIC or the ASX, as they apply to the Vendor; and
$(b)$ immediately notify the Lead Manager of any breach of any warranty or undertaking given by it under this Agreement;

each of these undertakings being material terms of this Agreement.

5.2 U.S. opinion

Not applicable.

Cleansing Notices 53

The Vendor must, and must procure that the Company does, give to ASX cleansing statements pursuant to section 708A(5)(e)(ii) of the Corporations Act (as amended by ASIC Class Order 08/25):

in respect of the sale of the Sale Shares, by 9.00am on the Business Day after the $(a)$ Trade Date; and
in respect of the sale of any Restricted Securities within the 5 Business Day period $(b)$ referred to in sections 708A(6)(a)(ii) of the Corporations Act (as amended by ASIC Class Order 08/25 as aforesaid) provided that this sub-clause (b) shall only apply if and to the extent that the Vendor remains a controller of the Company for the purposes of sections 707(5) of the Corporations Act at the time of sale of any Restricted Securities.

6. Indemnity

The Vendor agrees with the Lead Manager that it will keep the Lead Manager and its Affiliates $6.1$ and their respective directors, officers and employees (Indemnified Parties) indemnified against any direct or indirect losses, damages, liabilities, costs, claims, actions and demands (including any expenses arising in connection therewith on a dollar for dollar basis) (Losses) to the extent that such Losses are incurred in connection with this Agreement or as a result of a breach of this Agreement by the Vendor, including any breach of any of the above representations, warranties or undertakings given by the Vendor, and will reimburse the Lead Manager for all out of pocket costs, charges and expenses on a dollar for dollar basis which it may reasonably pay or incur in connection with investigating, disputing or defending any such action, demand or claim for which it is indemnified under this Agreement.
The indemnity in clause 6.1 does not extend to and is not to be taken as an indemnity against $6.2$ any Losses of an Indemnified Party to the extent any Losses are finally judicially determined to have resulted from:
any fraud, recklessness, wilful misconduct or gross negligence of the Indemnified $(a)$ Party
any penalty or fine which the Indemnified Party is required to pay for any $(b)$ contravention of any law; or
any amount in respect of which the indemnity would be illegal, void or $(c)$ unenforceable under any applicable law;

save to the extent such Losses are caused, induced or contributed to by an act or omission of a third party or of the Vendor or a person acting on behalf of the Vendor. In all cases, Losses do not include losses, damages or costs of subscription suffered solely as a result of the Lead Manager performing its obligations under clause 2.1(b).

The Vendor also agrees that no Indemnified Party will have any liability to the Vendor, any of 6.3 its Affiliates or any of their respective directors, officers, employees, advisers, representatives or agents of any of them or any of the Vendor' security holders or creditors for any Loss suffered by any of them in relation to any event to which indemnity applies. This release does not apply to the extent that any Losses are finally judicially determined to have resulted from any fraud, recklessness, wilful misconduct or gross negligence of the Indemnified Party save to the extent such Losses are caused, induced or contributed to by an act or omission on the part of any unrelated third party or of the Vendor or a person acting on behalf of the Vendor.
6.4 The Vendor and each Indemnified Party must not settle any action, demand or claim to which the Indemnity in clause 6.1 relates without the prior written consent of the Vendor or the Lead Manager, as applicable, such consent not to be unreasonably withheld.
The indemnity in clause 6.1 and the release in clause 6.3 are continuing obligations, separate 6.5 and independent from the other obligations of the parties under this Agreement and survive termination or completion of this Agreement. It is not necessary for the Lead Manager to incur expense or make payment before enforcing the indemnity.
The indemnity in clause 6.1 is granted to the Lead Manager both for itself and on trust for each 6.6 of the Indemnified Parties.
Subject to clause 6.8, the parties agree that if for any reason the indemnity in clause 6.1, is unavailable or insufficient to hold harmless any Indemnified Party against any Losses against which the Indemnified Party is stated to be indemnified (other than expressly excluded), the respective proportional contributions of the Vendor and the Indemnified Party or the Indemnified Parties in relation to the relevant Losses will be as agreed, or failing agreement as determined by a court of competent jurisdiction, having regard to the participation in, instigation of or other involvement of the Vendor and the Indemnified Party or the Indemnified Parties in the act complained of, having particular regard to relative intent, knowledge, access to information and opportunity to correct any untrue statement or omission.
The Vendor agrees with each of the Indemnified Parties that in no event will the Lead Manager $6.8$ and its associated Indemnified Parties be required to contribute under clause 6.7 to any Losses in an aggregate amount that exceeds the aggregate of the fees paid to the Lead Manager under this Agreement.
6.9 If an Indemnified Party pays an amount in relation to Losses where it is entitled to contribution from the Vendor under clause 6.7 the Vendor agrees promptly to reimburse the Indemnified Party for that amount.
If the Vendor pays an amount to the Indemnified Parties in relation to Losses where it is 6.10 entitled to contribution from the Indemnified Parties under clause 6.7 the Indemnified Parties must promptly reimburse the Vendor for that amount.

$\overline{7}$ . Announcements

$7.1$ Prior to announcement of the Sale, the Vendor and the Lead Manager will consult each other in respect of any material public releases by any of them concerning the sale of the Sale Shares except:
$(a)$ where disclosure is required or requested by applicable law, a legal or regulatory authority or the ASX Listing Rules;
where disclosure is made to an adviser or to a person who must know for the $(b)$ purposes of this Agreement, on the basis that the adviser or person keeps the information confidential; and
to a person to the extent reasonably necessary in connection with any actual or $(c)$ potential claim or judicial or administrative process involving that party in relation to the Sale.
The Lead Manager may, after completion of its other obligations under this Agreement, place $72$ advertisements in financial and other newspapers and journals at its own expense describing their service to the Vendor provided such advertisements are in compliance with all applicable laws, including the securities laws of Australia, the United States and any other jurisdiction and are consistent with other publicly available information in relation to the subject matter of the announcement.

Event of termination 8.

Right of termination. 8.1

If, at any time during the Risk Period (as defined in clause 8.4) any of the matters in this clause 8.1 occur, then the Lead Manager may terminate this Agreement without cost or liability to itself at any time before the expiry of the Risk Period by giving written notice to the Vendor.

(*) Breach: the Vendor is in default of any of the terms and conditions of this $(a)$ .
Agreement or breaches any representation, warranty or undertaking given or made by it under this Agreement;
ASX actions: ASX does any of the following: $(b)$

6.7

Page | 10

announces that the Issuer will be removed from the official list of ASX or $(i)$ ordinary shares in the Issuer will be suspended from quotation (other than with the approval (not to be unreasonably withheld or delayed), or at the request, of the Lead Manager;
(ii) removes the Issuer from the official list; or
(iii) suspends the trading of ordinary shares in the Issuer for any period of time (excluding any trading halt put in place in connection with, or to facilitate, the Sale).
ASIC inquiry: ASIC issues or threatens to issue proceedings in relation to the Sale $(c)$ or commences, or threatens to commence any inquiry or investigation in relation to the Sale.
(*) Adverse Change: An event or series of events (including, without limitation, a $(d)$ change in Australian or international financial, economic or political conditions) which, in the reasonable opinion of the Lead Manager, has, or once disclosed will have, an adverse effect on:
$(i)$ the Issuer;
$(i)$ the Vendor:
the Lead Manager: $(iii)$
$(iv)$ the Sale; or
the ability of the Lead Manager to procure purchasers for the Sale Securities $(v)$ at the Sale Price.
$(e)$ Market fall: if the ASX all ordinaries index falls at any time by 10% between the date of this Agreement and completion of the Sale.
(*) Banking moratorium. A general moratorium on commercial banking activities in $(f)$ Australia, New Zealand, the United States, Hong Kong, Singapore or the United Kingdom is declared by the relevant central banking authority in any of those countries, or there is a material disruption in commercial banking or security settlement or clearance services in any of those countries.
(*) Change in law: there is introduced, or there is a public announcement of a $(g)$ proposal to introduce, into the Parliament of the Commonwealth of Australia, a new law, or the Government of the Commonwealth of Australia, the Reserve Bank of Australia or any Minister or other governmental authority of the Commonwealth of Australia adopts or announces a proposal to adopt a new policy (other than a law or policy which has been announced before the date of this Agreement).

8.2 Materiality

No event listed in clause 8.1 that includes an asterisk (*) entitles the Lead Manager to exercise its termination rights unless, in the bona fide opinion of the Lead Manager, it:

$(a)$ has, or would reasonably be expected to have, a material adverse effect on:
the willingness of persons to purchase the Sale Shares; or $(i)$
the price at which ordinary shares in the Company are sold on the ASX; or $(ii)$
would reasonably be expected to give rise to a liability of the Lead Manager under $(b)$ the Corporations Act or any other applicable law.

Effect of termination 8.3

Where, in accordance with this clause 8, the Lead Manager terminates its obligations under this Agreement:

the obligations of the Lead Manager under this Agreement immediately end; and $(a)$
any entitlements of the Lead Manager accrued under this Agreement, including the $(b)$ right to be indemnified, up to the date of termination survive.

Risk Period 8.4

For the purposes of this clause, the "Risk Period" means the period commencing on the execution of this Agreement and ending at 10.00am on the Settlement Date.

GST 9.

$9.1$ Input Tax Credit

Any fees which the parties agree to be payable to the Lead Manager and any other amounts payable to the Lead Manager under this Agreement are to be agreed and calculated to be exclusive of GST. However, if any amounts payable to the Lead Manager under this Agreement are calculated by reference to a cost or expense incurred by the Lead Manager, the amount payable to the Lead Manager under any other provision of this Agreement must be reduced by the amount of any input tax credit to which the Lead Manager reasonably determines it (or the representative member of the same GST group of which the Lead Manager is a member) is entitled for an acquisition in connection with that cost or expense.

9.2 Tax invoice

If any supply made under this Agreement is a taxable supply, the entity making the taxable supply (Supplier) must issue a valid tax invoice to the party providing the consideration for that taxable supply (Recipient). The tax invoice issued by the Supplier must comply with GST law and it should set out in detail (but not be limited to) the nature of the taxable supply, the consideration attributable to the taxable supply, the amount of GST payable by the Supplier in connection with the taxable supply and any other details reasonably requested by the Recipient. The GST amount means, in relation to a taxable supply, the amount of GST for which the Supplier is liable in respect of the taxable supply (GST Amount).

9.3 Timing of Payment

Subject to receipt of a valid tax invoice, the Recipient must pay the GST Amount in connection with a taxable supply made by the Supplier to the Recipient at the same time that the Recipient must provide the consideration for that taxable supply (under the other provisions of this Agreement), or if later, within 5 business days of the Recipient receiving a tax invoice for that taxable supply.

9.4 Payment Differences

If the GST payable by the Supplier in connection with the taxable supply differs from the GST Amount paid by the Recipient under this clause, the Supplier must repay any excess to the Recipient or the Recipient must pay any deficiency to the Supplier, as appropriate within 5 business days of the Supplier providing the Recipient with a written notification regarding the difference in the GST payable. Where the difference in the GST payable results from an adjustment event, the written document at on provided by the Supplier under this clause must include an adjustment note or tax invoice as required by the GST law.

9.5 Defined Terms

The references to "GST" and other terms used in this Agreement (except Recipient and GST Amount) have the meaning given to those terms by the A New Tax System (Goods and Services Tax) Act 1999 (as amended from time to time). However, any part of a supply that is treated as a separate supply for GST purposes (including attributing GST payable to tax periods) will be treated as a separate supply for the purposes of this clause 9.

9.6 References

A reference to something done (including a supply made) by a party includes a reference to something done by any entity through which that party acts.

10. Withholding Tax

If any amounts payable by the Lead Manager to the Vendor under this Agreement become subject to any regulatory withholding notices, the amount payable by the Lead Manager to the Vendor under this Agreement will be reduced by the withholding amount set out under any such notice.

$11.$ Miscellaneous

$11.1$ Entire agreement

This agreement constitutes the entire agreement of the parties about its subject matter and supersedes all previous agreements, understandings and negotiations on that matter.

$11.2$ Governing law

This agreement is governed by the laws of New South Wales, Australia. Each party submits to the non-exclusive jurisdiction of courts exercising jurisdiction in New South Wales, and waives any right to claim that those courts are an inconvenient forum.

$11.3$ No assignment

No party may assign its rights or obligations under this agreement without the prior written consent of the other parties.

11.4 Notices

Any notice, approval, consent, agreement, waiver or other communication in connection with this agreement must be in writing.

11.5 Affiliates

In this agreement the term "Affiliates" means any person that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, a person; "control" (including the terms "controlled by" and "under common control with") means the possession, direct or indirect, of the power to direct or cause the direction of the management. policies or activities of a person, whether through the ownership of securities by contract or agency or otherwise and the term "person" is deemed to include a partnership.

11.6 Business Day

In this agreement "Business Day" means a day on which:

ASX is open for trading in securities; and $(a)$
banks are open for general banking business in Sydney, Australia. $(b)$

$11.7$ Interpretation

In this agreement:

headings and sub-headings are for convenience only and do not affect $(a)$ interpretation;
$(b)$ a reference to legislation or to a provision of legislation includes a modification or re-enactment of it, a legislative provision substituted for it and a regulation or statutory instrument issued under it;
$(c)$ a reference to "dollars" and "\$" is to Australian currency;
$(d)$ a reference to a right or obligation of any 2 or more persons confers that right, or imposes that obligation, severally and not jointly and severally; and
$(e)$ all references to time are to Sydney, New South Wales, Australia time.

11.8 Severability

Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction will be ineffective as to that jurisdiction to the extent of the prohibition or unenforceability. That will not invalidate the remaining provisions of this Agreement nor affect the validity or enforceability of that provision in any other jurisdiction.

11.9 Waiver and variation

A provision of or right vested under this Agreement may not be:

waived except in writing signed by the party granting the waiver, or $(a)$
$(b)$ varied except in writing signed by the parties.

11.10 No merger

The rights and obligations of the parties will not merge on the termination or expiration of this Agreement. Any provision of this Agreement remaining to be performed or observed by a party, or having effect after the termination of this Agreement for whatever reason remains in full force and effect and is binding on that party.

11.11 Counterparts

This agreement may be executed in any number of counterparts. All counterparts together will be taken to constitute one agreement.

11.12 Acknowledgement

The Vendor acknowledges that:

the Lead Manager is not obliged to disclose to a Vendor or utilise for the benefit of $(a)$ the Vendor, any non-public information which the Lead Manager obtains in the normal course of its business where such disclosure or use would result in a breach of any obligation of confidentiality and any internal Chinese wall policies of the Lead Manager:
without prejudice to any claim the Vendor may have against the Lead Manager, no $(b)$ proceedings may be taken against any director, officer, employee or agent of the Lead Manager in respect of any claim that the Vendor may have against the Lead Manager:
it is contracting with the Lead Manager on an arm's length basis to provide the $(c)$ services described in this agreement and the Lead Manager has not and is not assuming any duties or obligations (fiduciary or otherwise) in respect of it other than those expressly set out in this Agreement;
$(d)$ in performing this Agreement, the Lead Manager will rely on the information provided to it by or on behalf of the Vendors and information in the public domain without having independently verified the same, and the Lead Manager does not assume any responsibility for the accuracy or completeness of such information for which, in the case of information provided to the Lead Manager by or on behalf of the Vendor, the Vendor will be solely responsible;
the Lead Manager may perform the services contemplated by this Agreement in $(e)$ conjunction with its respective Affiliates, and any Affiliates performing these services are entitled to the benefits of and are subject to the terms of this Agreement; and
$(f)$ the Lead Manager is a full service securities and corporate advisory firm and, along with its respective Affiliates, the Lead Manager is engaged in various activities, including writing research, securities trading, investment management, financing and brokerage activities and financial planning and benefits counselling for both companies and individuals. In the ordinary course of these activities, the Lead Manager, its Affiliates, employees and officers may be providing, or may be in the future providing, financial or other services to other parties with conflicting interests to the Vendor and may receive fees for those services and may actively trade the debt and equity securities (or related derivative securities) for the Lead Manager's own account and for the account of their customers and may at any time hold long and short positions in such securities.

Yours sincerely,

Signed for

Macquarie Capital (Australia) Limited

by its attorneys Mh

Attorney

WARBURTON MAAK

Attorney

ARAAH HOLMES

Accepted and agreed to as of the date of this agreement:

Executed by Scali Consolidated Pty Limited
(ABN 63 002 410 559) under section 127 of the
Corporations Act 2001 (Cth):

Signature of sole director/secretary

Anthony Scali

Full name of director

Schedule 1

$\sim$

Timetable

Key events	Date
Bookbuild	21 March 2016
Trade Date (T). (Special crossing/s by)	22 March 2016
Settlement Date $(T + 2)$	24 March 2016
End Date	21 June 2016

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Macquarie Group Limited — Major Shareholding Notification 2016

10518_rns_2016-03-22_660da6f8-25a3-4694-942a-37f8fafe52bd.pdf

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

2. Details of voting power

3. Details of relevant interests

4. Details of present registered holders

5. Consideration

6. Associates

7. Addresses

ANNEXURE 'A'

Dennis Leong Company Secretary, Macquarie Group Limited 23 March 2016

Controlled Bodies Corporate

ANNEXURE 'B'

Dennis Leong Company Secretary, Macquarie Group Limited 23 March 2016

Consideration

ANNEXURE 'C'

COMMERCIAL-IN CONFIDENCE

Dear Sirs

Sale of Shares in Nick Scali Limited (ABN 82 000 403 896)

$\mathbf{1}$ . Introduction

$2.$ Sale of shares

$2.1$ Sale

$2.2$ Sale and Settlement Date

$2.3$ Sale Shares

$2.4$ Timetable

2.5 Account Opening

$2.6$ Manner of Sale

$2.7$ Principal Shares

$2.8$ Restricted Shares

3. Fees and costs

4. Representations and Warranties

$4.1$ Representations and warranties by Vendor

(Vendor U.S representations)

$4.2$ Representations and warranties of Lead Manager

(Lead Manager U.S representations)

$4.3$ Reliance

$4.4$ Notification

5. Undertakings

$5.1$ Restricted Activities

5.2 U.S. opinion

Cleansing Notices 53

6. Indemnity

$\overline{7}$ . Announcements

Event of termination 8.

Right of termination. 8.1

8.2 Materiality

Effect of termination 8.3

Risk Period 8.4

GST 9.

$9.1$ Input Tax Credit

9.2 Tax invoice

9.3 Timing of Payment

9.4 Payment Differences

9.5 Defined Terms

9.6 References

10. Withholding Tax

$11.$ Miscellaneous

$11.1$ Entire agreement

$11.2$ Governing law

$11.3$ No assignment

11.4 Notices

11.5 Affiliates

11.6 Business Day

$11.7$ Interpretation

11.8 Severability

11.9 Waiver and variation

11.10 No merger

11.11 Counterparts

11.12 Acknowledgement

Schedule 1

Timetable

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Macquarie Group Limited Major Shareholding Notification 2016