Applications under the Macquarie Group share purchase plan

Not for distribution or release in the United States or to U.S. persons

Macquarie Group Limited (ASX: MQG; ADR: MQBKY) advises that applications under the Share Purchase Plan (SPP) announced on 5 March 2015 closed on 24 March 2015 with approximately $A170 million in applications received from 18,000 shareholders. The SPP shares will be allotted at $A73.50 per share, the same price as applied to the recent institutional placement (Placement).

Macquarie confirms it will not be scaling back SPP applications and expects to issue approximately 2.3 million fully paid ordinary shares which will rank equally with the shares currently on issue.

Chief Financial Officer, Mr Patrick Upfold said “We are pleased with the strong support received from retail investors for the share purchase plan.”

Macquarie announced on 5 March 2015 that it had successfully raised $A500 million by way of the Placement. In total, Macquarie has raised approximately $A670 million through the Placement and the SPP. As previously advised, the funds raised under the Placement and SPP will be used to fund the acquisition of the aircraft operating lease portfolio from AWAS Aviation Capital Limited as announced on 4 March 2015, and to further strengthen the Group’s capital position and accommodate future growth.

Macquarie expects the SPP shares to be issued on Monday, 30 March 2015. Macquarie will apply for the ASX quotation of the SPP shares and the shares are expected to commence trading on ASX on Tuesday, 31 March 2015. Holding statements are expected to be despatched to participating shareholders on Wednesday, 1 April 2015. Shareholders wishing to trade their SPP shares prior to receiving their holding statement should confirm their allocation with the share registry, Computershare Investor Services Pty Limited, before they trade. Any person who seeks to sell SPP shares before receiving their holding statement does so at their own risk.

This release does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act of 1933, as amended (“Securities Act”)) (“U.S. Persons”). The securities to be issued in the capital raising and the Share Purchase Plan have not been and will not be registered under the Securities Act. Securities may not be offered or registered under the Securities Act, or in a transaction exempt from, or not subject to, the registration requirements of the Securities Act.