Overview

Macquarie proposed hybrid security issue

06 March 2012

SYDNEY - Macquarie Group Limited (ASX:MQG, ADR: MQBKY) and Macquarie Bank Limited (MBL) today announces that MBL, acting through its London Branch, intends, subject to market conditions, to offer a new USD Tier 1 hybrid security to institutional and sophisticated investors in line with the previously announced group capital management plan. The intended size of the offer is up to US$500m.

The proposed hybrid, if issued, will be unsecured subordinated notes of MBL with noncumulative distributions and will be exchangeable for ordinary shares of MGL in certain circumstances.

Contact:

Karen Smith
Corporate Communications
Macquarie Group
Tel: +44 20 3037 2420
Email: karen.smith@macquarie.com