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Home» About Macquarie Group» News & announcements» Archive 2007» Deutsche Telekom exercises pre-emptive right over Immobilien Scout shares

News & announcements

Deutsche Telekom exercises pre-emptive right over Immobilien Scout shares

18 September 2007

A Consortium consisting of Publishing and Broadcasting Limited ("PBL") and Macquarie Bank Limited ("Macquarie") today has been advised by Aareal Bank that it has received official notice from Deutsche Telekom indicating that through its subsidiary Scout 24 AG, Deutsche Telekom intends to exercise its pre-emptive right over the 66.2% interest of Immobilien Scout on offer from Aareal Bank. As identified in the initial announcement of the transaction on 16 August 2007 by Macquarie and PBL any acquisition was conditional on, amongst other things, this pre-emptive right not being exercised. The acquisition will therefore not be completed.

For further information, please contact:

Paula Hannaford
Public Relations
Macquarie Bank
Tel: (61 2) 8232 4102
Mobile: (+61 4) 1394 0180
Email: paula.hannaford@macquarie.com

Richard Nelson
Investor Relations
Macquarie Bank
Tel: (612) 8232 5008
Email: richard.nelson@macquarie.com

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