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.


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