Press Release

Macquarie Bank/PBL joint venture to acquire Gateway Casinos

Sydney, 04 April 2007

Macquarie Bank Limited (Macquarie) notes the attached release made in relation to the acquisition of Gateway Casinos Income Fund (TSX: GCI.UN) (“GCIF”) and related private companies.

Gateway Casinos is one of the largest casino operators in Western Canada. The acquisition will be made by New World Gaming, a joint venture owned by Publishing and Broadcasting Limited (PBL) and Macquarie.

Macquarie is committing C$195 million (A$207 million) equity towards the joint venture. The impact on Macquarie’s Tier 1 capital ratio is anticipated to be a decrease of approximately 0.5%.


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