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Update on Qantas

22 November 2006

Further to a statement to the Australian Stock Exchange made earlier today by Qantas, Macquarie Bank, on behalf of a consortium of which it is a part, confirms that indicative discussions have been held with Qantas. These discussions are preliminary.

If a firm proposal is made, that proposal will adhere to the existing rules governing the ownership of Qantas, in particular that there will be continuing majority Australian ownership.

Any such proposal would be conditional upon the support of the Qantas Board.

For more information please contact:

 

Erica Sibree
Investor Relations
Macquarie Bank Limited
Tel: (612) 8232 5008
Mobile: (614) 1302 6309


Matthew Russell
Public Relations
Macquarie Bank Limited
Tel: (612) 8232 4102
Mobile: (614) 1069 9532


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