Macquarie Group Limited — Share Issue/Capital Change 2007

Nov 18, 2007

Macquarie Group Limited ABN 122 169 279

No.1 Martin Place Telephone (61 2) 8232 3333 Treasury 8232 3600 Facsimile 8232 4227 Sydney NSW 2000 Facsimile (61 2) 8232 7780 Foreign Exchange 8232 3666 Facsimile 8232 3019 GPO Box 4294 Internet http://www.macquarie.com.au Metals and Energy Capital 8232 3444 Facsimile 8232 3590 Sydney NSW 1164 DX 10287 SSE Futures 8232 7580 Facsimile 8232 4412 SWIFT MACQAU2S Debt Markets 8232 8569 Facsimile 8232 8341 Agricultural Commodities 8232 7672 Facsimile 8232 3633

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ASX Release

MQG CONFIRMS DISPATCH OF HOLDING STATEMENTS

SYDNEY, 19 November 2007 - Macquarie Group Limited (“MQG”) has previously advised that the scheme of arrangement between Macquarie Bank Limited (“MBL”) and its ordinary shareholders (“Share Scheme”) was implemented on 13 November 2007.

As a result of implementation of the Share Scheme, the ordinary shareholders of MBL (other than ineligible foreign shareholders) have been issued MQG ordinary shares on a one-for-one basis.

MQG would like to advise that holding statements confirming the issue of MQG ordinary shares under the Share Scheme have been dispatched to shareholders today.

MQG would also like to advise that the total number of ordinary shares on issue is 271,128,012. This includes 271,086,657 ordinary shares issued upon implementation of the Share Scheme, and a further 41,355 ordinary shares issued upon exercise of options since implementation of the Share Scheme.

Contacts:

Dennis Leong, Company Secretary Richard Nelson, Macquarie Group Investor Relations

+612 8232 3333 +612 8232 5008