MACQUARIE TECHNOLOGY GROUP LIMITED — AGM Information 2007

Nov 26, 2007

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MACQUARIE TELECOM GROUP LIMITED

ANNUAL GENERAL MEETING

TUESDAY, 27 NOVEMBER 2007

CHIEF EXECUTIVE’S ADDRESS

Thanks Robert, and welcome shareholders. I’m David Tudehope, chief executive of Macquarie Telecom.

Macquarie Telecom’s results for 2007 reflect the benefits derived from our significant investment program. The second last slide shown by Robert demonstrates the growth in profits.

Robert has given you a brief overview of Macquarie’s recent performance and overall business strategy.

I would now like to share with you some customer case studies that bring to life some of the benefits of our investment program and illustrate the positive impacts Macquarie has had on our customers businesses.

2007 is a significant year for Macquarie Telecom as it marks our 15[th] anniversary of founding. For 15 years Macquarie has focused on providing Telecom & IT services to medium to large business customers.

Over the 15 years, in customer surveys and focus groups the consistent message is that Macquarie Telecom stands out from its competitors by its Personal accountable service.

By personal, our customers mean real people with whom they can build trusting relationships with and by accountable they mean we take ownership for things and follow them through.

That is our Personal accountable service promise and a major reason customers join Macquarie Telecom and why so many of them stay so loyal.

The leading Australian-owned paint manufacturer, Wattyl moved towards outsourcing to the Macquarie IP network for a convergent data solution to provide greater flexibility & security.

Wattyl was featured in our annual report as they evidenced the power of the combination of the Macquarie data network and hosting. The combined solution allows us to offer service level guarantees and detailed performance reporting from the servers all the way through to the router at each customer site.

Our hosting business is an important differentiator to traditional telecommunications companies. Based on our $30 million dollar Intellicentre which is the most accredited Data centre in Australia.

Grays Online is an example of hosting combined with a web ebusiness.

Grays Online was a traditional business that started out looking to the online space to compliment its traditional Auction business.

What happened over 6 years was that not only did it effectively replace its traditional business but it delivered a doubling of revenue.

Today 90% of its Auctions are done online on our Servers in the Intellicentre, rather than at their facilities.

They have quadrupled their spend with us over the corresponding period.

BIC® products are known and appreciated the world over for quality, affordability and ease of use. The ballpoint pens, pocket lighter, one-piece shaver, are all part of the daily lives of millions of consumers.

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Macquarie Telecom engaged with BIC and designed an Asia wide IP data network that spans across multiple offices in Japan, Korea, Malaysia, Thailand and Singapore. The network allows BIC to maximise the efficiencies of their ERP application across Asia.

As with past years, Macquarie Telecom has maintained its leadership role in policy debates and the regulatory processes.

During the past financial year Telstra has continued to resist regulations that aim to promote competition. This is despite both major political parties recognizing the need to foster new infrastructure investments. Decisions and processes relating to the new network build will become clearer in calendar 2008. We have achieved greater certainty around ACCC pricing for fixed-line and mobile services.

We will continue our work with the “non-Telstra” rest of the industry to develop the G9 model for the Fibre to the Node network. The purpose of this is to bring higher speed data services to more households and businesses.

Our focus in the year ahead is to drive profitable growth through leveraging changes in communications technology for medium to large sized business and government customers. Our investment programs in infrastructure, IP-based products and services, and data and security expertise are allowing Macquarie to remain nimble, flexible and responsive in meeting the increasingly complex needs of our customers.

We do so from a healthy financial position, with around $20 million cash as at 30 June and funding options in place to meet any further investment commitments.

In closing, I would like to express my thanks to the entire Macquarie team for their dedication during the past year and to express my gratitude to our shareholders, staff and suppliers for their ongoing support.

Thank you all for being here today. I look forward to the year ahead. I will now hand back to the Chairman Robert Kaye.

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