Overview

Statement regarding investment research report published by UBS on 25 July 2012

27 July 2012

Macquarie Group notes investment research published by UBS on 25 July 2012 in which assumptions were made about the allocation of the Group's profit share across operating groups for the 2012 financial year.

Macquarie notes that the conclusions in the report are significantly incorrect. They are not consistent with Macquarie's remuneration framework, nor are they supported by the numbers contained in the tables within the Remuneration Report that forms part of the Group's 2012 Annual Financial Report.