Macquarie Bank Ltd Hybrid Security — Capital/Financing Update 2021

Macquarie Bank Limited

ABN 46 008 583 542

50 Martin Place Telephone (61 2) 8232 3333 Sydney NSW 2000 Facsimile (61 2) 8232 3019 GPO Box 4294 Internet http://www.macquarie.com Sydney NSW 1164 AUSTRALIA

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ASX/Media Release

Macquarie Bank Limited – Despatch of Macquarie Bank Capital Notes 3 Postcard and Email to Eligible Securityholders

SYDNEY, Tuesday, 3 August 2021 – Attached for the purpose of ASX Listing Rule 3.17.1, is a postcard, with similar email communication, being sent today to holders of Macquarie Group Limited (" MGL ") ordinary shares (ASX: MQG), Macquarie Bank Capital Notes 2 (ASX: MBLPC), Macquarie Group Capital Notes 3 (ASX: MQGPC), Macquarie Group Capital Notes 4 (ASX: MQGPD), and Macquarie Group Capital Notes 5 (ASX: MQGPE), who were recorded on MGL’s and Macquarie Bank Limited’s registers (as applicable) at 7.00 pm (AEST) on Wednesday, 28 July 2021 with a registered address in Australia, regarding participation under the Securityholder Offer component of the Macquarie Bank Capital Notes 3 (“ BCN3 ”) Offer pursuant to the BCN3 prospectus separately lodged with ASIC and ASX today.

For investor enquiries about BCN3, please email the registry at [email protected] or call the BCN3 Offer Information Line 1300 963 991 (within Australia) or on +61 1300 963 991 (outside Australia) (Monday to Friday 8.30 am - 5.30 pm, AEST) during the Offer Period.

Contacts

Sam Dobson

Macquarie Group Investor Relations +61 2 8232 9986

Lisa Jamieson

Macquarie Group Media Relations

+61 2 8232 6016

Your Unique Priority Code is

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Macquarie Bank Capital Notes 3 Securityholder Offer

As an Eligible Securityholder, you can use your Unique Priority Code (“UPC”) shown on the left to apply online. To view the Prospectus and to apply online, follow the instructions on the back of this card. Macquarie Bank Limited ABN 46 008 583 542

About the Securityholder Offer

Eligible Australian resident holders of Macquarie Group Limited Ordinary Shares, Macquarie Bank Capital Notes 2, Macquarie Group Capital Notes 3, Macquarie Group Capital Notes 4 and Macquarie Group Capital Notes 5 are invited to participate in the Securityholder Offer of Macquarie Bank Capital Notes 3 (“BCN3”).

Details of the Securityholder Offer, including the opening and closing date can be found at www.BCN3Offer.com.au. Applications under the Securityholder Offer must be for a minimum of 50 BCN3 ($A5,000) and in increments of 10 BCN3 ($A1,000) thereafter.

To find out more

Additional information about the Offer can be found online at www.BCN3Offer.com.au, by emailing [email protected] or by calling the BCN3 Offer Information Line on 1300 963 991 (within Australia) or on +61 1300 963 991 (International) (Monday to Friday 8.30am – 5.30pm, AEST) during the Offer Period.

Follow these steps to participate:

1. Read the Prospectus

If you are considering applying for BCN3 under the Offer, it is important that you read the Prospectus (and any supplementary Prospectus) in its entirety before deciding whether to invest in BCN3.

The Prospectus is available electronically at www.BCN3Offer.com.au.

2. Apply and make an Application Payment

• Visit the BCN3 Offer website at www.BCN3Offer.com.au and complete the necessary security checks.

• Click on “Apply Now” and follow the prompts.

• You will need your UPC, Securityholder Reference Number or Holder Identification Number.

• Complete the online Application Form and click submit to receive your personalised BPAY®[1] details.

• Your BPAY® payment must be received by no later than the Closing Date for the Securityholder Offer (refer to the timetable in the Prospectus for details).

No Application Forms will be made available until after the Exposure Period has expired (refer to the Important Notices section of the Prospectus for details).

During the Offer Period, an electronic copy of the Prospectus and an Application Form will be available at www.BCN3Offer.com.au. By lodging an online Application, you declare that you were given access to the electronic Prospectus together with the Application Form.

Application Payments must be made by BPAY®.

1BPAY® is registered to BPAY Pty Ltd ABN 69 079 137 518

IMPORTANT NOTICES

BCN3 are issued by Macquarie Bank Limited (“MBL”) under the BCN3 Terms and the BCN3 Deed Poll. This card is not an offer of, or invitation to apply for, BCN3. The Offer is made under the Prospectus which is available at www.BCN3Offer.com.au. Applications may be made by completing the online Application Form at www.BCN3Offer.com.au or on an Application Form attached to or accompanying the electronic Prospectus. BCN3 are a complex investment and may be difficult to understand, even for experienced investors, and involve different risks from a simple debt or ordinary equity security. Applicants should read the Prospectus in its entirety before making an Application. There are risks associated with an investment in BCN3, including the possible loss of income and principal invested. The risks are discussed further in the Prospectus and you should consider these risks before deciding whether to invest in BCN3. MBL recommends that you seek guidance from your licensed financial adviser or other professional adviser before deciding whether to invest.

Allocations for the Securityholder Offer will be determined by MBL who has absolute discretion to determine the method and extent of allocations. Allocations may be scaled. Please refer to the Prospectus regarding MBL’s privacy statement as it applies to your Application.

If you do not wish to receive further promotional information from us, please contact the BCN3 Offer Information Line. Capitalised terms in this card have the meanings given in the Prospectus.

Macquarie Bank Capital Notes 3 Securityholder Offer

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