Macquarie Group Limited — Remuneration Information 2009

Dec 10, 2009

Macquarie Group Limited ABN 94 122 169 279

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

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ASX Release

FURTHER INFORMATION REGARDING PROPOSED REMUNERATION ARRANGEMENTS

11 December 2009 - Macquarie Group (ASX:MQG; ADR:MQBKY) advises that under proposed changes to its remuneration arrangements announced in October, approximately $350 million of the retained profit share of its senior staff will be applied to the acquisition of fully paid ordinary MQG shares. The shares will be acquired as the initial allocation under the Macquarie Group Employee Retained Equity Plan (MEREP), a proposed new employee equity plan.

The proposed remuneration changes, including the new employee equity plan, have been detailed in the Notice of Meeting and Explanatory Memorandum dated 16 November 2009 and will be voted on at a General Meeting of Macquarie shareholders on 17 December 2009.

The $350 million estimate includes a portion of staff members’ retained 2009 profit share, and amounts of Executive Directors’ retained profit share from prior years which they elected to move from the existing to the new arrangements. Macquarie previously advised that because participation in MEREP for Executive Directors’ pre-2009 retained amounts was not mandatory, this amount would be less than the $500 million estimate advised in March.

The Managing Director has elected to transition his entire pre-2009 retained profit share to the new arrangements.

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Macquarie Group Limited

As previously announced, the equity participation is proposed to be provided via either the issue of new shares, on-market share purchases or a combination of both at the discretion of the Board and to be determined at the time having regard to all factors including prevailing market conditions.

For further information, please contact:

Stuart Green, Investor Relations Tel: (02) 8232 8845 Macquarie Group Paula Hannaford, Corporate Communications Tel: (02) 8232 4102 Macquarie Group

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