Press Release
Washington D.C., 29 October 2007
Macquarie Bank Limited (MBL) today notes the attached release made in Bellevue, Washington (USA) on 26 October 2007 regarding the signing of a merger agreement between a Macquarie Consortium and Puget Energy.
MBL advises that it has committed US$500m for an approximate 16% stake in the consortium.
MBL also advises that the impact of the transaction on its current Tier 1 capital ratio is not expected to be material.
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