Equities sales

Through its New York, Boston and San Francisco sales desks, Macquarie Capital (USA) Inc. provides unique equities sales capabilities to US qualified institutional buyers for all major Asia-Pacific and Australasian equities markets.

For sales of Australian equities, Macquarie Capital (USA) is consistently ranked a number one broker by its clients, understanding their individual execution requirements. In the 2004 Greenwich Survey "Quality Index", Macquarie Capital (USA) Inc. was ranked the No. 1 broker of Australian equities sales by U.S. institutions.

For the larger Asia-Pacific market Macquarie Capital (USA) provides clients access to one of the largest region-dedicated equities sales teams, with in excess of 95 sales and sales trading staff covering over 500 different stocks.

Macquarie Capital (USA) Inc. offers access through affiliates to local sales and sales trading expertise in all major Asia-Pacific financial centers.

The Macquarie group has a presence in ten Asian countries and is a member of stock exchanges in Hong Kong, Taiwan, Japan, Singapore, Philippines, Indonesia, Thailand and the People's Republic of China. In March 2005, Macquarie was also given approval to establish a foreign stock broking company in Malaysia.

For further information please contact:

Macquarie Capital (USA) Inc.
Tel: (212) 231 1000