Overview

Macquarie Group completes acquisition of Tristone Capital Global Inc.

02 September 2009

Macquarie Group ("Macquarie") today announced that it has completed the acquisition of Tristone Capital Global Inc. ("Tristone").

Effective September 1, 2009, the business and employees of Tristone have been integrated into Macquarie and now operate as part of Macquarie's global business. Tristone's Acquisitions and Divestitures (A&D) group will operate under the name Macquarie Tristone. George Gosbee, who founded Tristone in 2000, will remain as Chairman of Macquarie Capital's Northern Hemisphere Energy business, which includes energy-related operations in the Americas, UK and Europe.

The acquisition integrates Tristone's energy advisory and capital markets capabilities within Macquarie's global resources activities. The combined business - which comprises 210 corporate finance and technical professionals in 22 cities - is an integrated energy platform, offering advisory, capital markets, research and trading expertise and substantially enhances Macquarie's energy offering.

Dan Cristall, Head of Energy - Northern Hemisphere, Macquarie Capital said: "We are very excited about the additional depth and breadth that Tristone brings to our global energy business. Together with an enhanced research platform in oil and gas, the introduction of Tristone's broad technical skill-base to Macquarie's energy group distinguishes our ability to fully service our clients through a comprehensive global suite of energy-sector services. The combined platform harnesses a seasoned and highly respected A&D team based in vital energy hubs, working within Macquarie's global resources practice."

"We are eager to begin working with a like-minded and high-calibre team. As we look towards taking our strengthened offering to clients around the world, we see a range of opportunities that bring together our combined experience."

Tony Ferguson, Chairman of Global Resources Group, Macquarie Capital said: "The fusion of Tristone's operations further establishes Macquarie's credentials as a leading global energy advisory firm with unrivalled international reach. When combined with Tristone, Macquarie ranks #1 on a deal count basis for global upstream E&P transactions in 2008 1. The end result of this transaction is the creation of one of the largest resources-focused financial services providers globally, offering full service capabilities in key natural resources markets and energy hubs around the world."

Roy Laidlaw, Global Head of Macquarie Securities Group, said: "Bringing across the Tristone team enhances our securities offering in the Northern Hemisphere through the addition of 36 research, sales and trading professionals in the US, Canada and Europe. The additional capability increases our research coverage to 85% of market capitalization in Canada. We expect to cover 90% of the market capitalization in energy stocks in North America by the end of the first quarter, 2010, offering clients expanded access and reach."

About Macquarie
Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Macquarie's main business focus is making returns by providing a diversified range of services to clients. Macquarie acts on behalf of institutional, corporate and retail clients and counterparties around the world. Macquarie Group Limited is listed in Australia (ASX:MQG) and is regulated by APRA, the Australian banking regulator, as the owner of Macquarie Bank Limited, an authorized deposit taker. Macquarie's activities are also subject to scrutiny by other regulatory agencies around the world.

Founded in 1969, Macquarie operates in more than 26 countries and employs approximately 12,500 people. Assets under management total more than $C220 billion (as of June 30, 2009).

1The combined market share of Macquarie and Tristone would rank #1 on a deal count basis for global upstream E&P transactions for 2008 (Source: Bloomberg at 31 August, 2009)

Contact:

Stephen Yan
Corporate Communications
Macquarie Group
Tel: 1 212 231 1310
Email: stephen.yan@macquarie.com