Press Release

Macquarie Group proposed hybrid security issue

Sydney, 23 November 2010

Macquarie Group Limited (ASX:MQG, ADR: MQBKY) today announced its intention to offer a new USD hybrid security to offshore investors, subject to market conditions.

The proposed new security, Preferred Membership Interests (PMIs), would be issued by Macquarie PMI LLC, a controlled subsidiary of Macquarie Group.

The PMIs, if issued, will be unsecured, subordinated interests with non-cumulative distributions and are redeemable at Macquarie’s option after five years or can be converted into Preference Shares of MGL.

 

THIS STATEMENT DOES NOT CONSTITUTE AN OFFER OF ANY SECURITIES FOR SALE IN ANY JURISDICTION. THERE IS NO PUBLIC OFFER OF THE PMIS.  

THE PMIs HAVE NOT BEEN NOR WILL BE REGISTERED UNDER THE U.S. SECURITIES ACT OR THE SECURITIES LAWS OF ANY OTHER JURISDICTION OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR OTHER JURISDICTION OF THE UNITED STATES. THE PMIs MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT) UNLESS THE PMIs ARE REGISTERED UNDER THE U.S. SECURITIES ACT OR OFFERED AND SOLD PURSUANT TO AND IN ACCORDANCE WITH AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE U.S. SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS.

 

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