Macquarie CPS bookbuild completed and margin determined

04 June 2008

Further to the ASX release on Wednesday 28 May 2008, Macquarie Group Limited announces that the bookbuild for its $600 million Macquarie CPS offer (Offer) was successfully completed yesterday.

Macquarie Group Limited Chief Financial Officer Greg Ward said: "Investors have responded strongly to Macquarie Group Limited's first public capital markets offering. Given current markets, the Margin which has been set at 3.50% through the bookbuild, is an excellent outcome."

Pursuant to the PDS, the Margin will be used to set the Distribution Rate on the Issue Date, expected to be 8 July 2008. A replacement Product Disclosure Statement (PDS) is expected to be lodged with the Australian Securities and Investments Commission (ASIC) on Thursday, 5 June 2008.

The Offer opens on Thursday, 5 June 2008 and a PDS may be obtained by visiting Macquarie’s website at www.macquariecpsoffer.com.au.

If you have any questions regarding the Offer you should call the CPS Information Line on 1300 726 836 (from within Australia) or +61 3 9415 4336 (from outside Australia).

Indicative Offer Timetable:

The key dates for the Offer are indicative only and may change without notice. Macquarie Group Limited, in consultation with the joint lead managers, may agree to accept late applications (either generally or in particular cases), to extend any closing date, to close the Offer early without notice, or to withdraw the Offer at any time before CPS are issued.

THIS RELEASE DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES. SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES UNLESS THEY ARE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933 OR AN EXEMPTION FROM THE REGISTRATION IS AVAILABLE.

Stephen Yan
Corporate Communications
Macquarie Group
Tel: (612) 8232 2788

Jenny Kovacs
Investor Relations
Macquarie Group
Tel: (612) 8232 3250
Mobile: (614) 1354 6547