Macquarie Bank Limited NPAT guidance

Further to today’s announcement that Macquarie Bank Limited expects its first half result for the six months ending 30 September 2007 to be up strongly on the profit of $A730 million for the prior corresponding period, CFO Greg Ward said that net profit after tax for the half year ending 30 September 2007 is expected to be up by approximately 40 percent relative to the prior corresponding period.

The Bank notes that the final result for the half year is still uncertain and will be dependent on market conditions between now and 30 September, 2007 and the extent of successful completion of major transactions on or before 30 September, 2007.

Mr Ward said: "Investors should exercise particular caution in drawing inferences from the expected first half result for the full year result especially because of the difficulty in predicting market conditions for the remainder of the financial year."