Past performance is not a reliable indicator of future performance and should not be relied upon as a significant basis for an investment decision.

Macquarie Securities (Australia) Limited (ABN 58 002 832 126) (MSAL) is arranging for the offers of Participating Shares (Shares) in Macquarie Equinox Limited (ARBN 105 989 231) (Equinox). MSAL or its associates, officers or employees may have interests in Shares by acting in various roles and may receive fees, brokerage or commissions. Further, MSAL or its associates, offfcers or employees may buy or sell the Shares as principal or agent and may effect transactions, which are not consist with any recommendations above. You can contact MSAL on 02 8232 1181.

Each class of Participating Shares is issued by Equinox under a separate prospectus. In deciding whether to acquire or continue to hold the Shares, you should obtain the prospectus from MSAL or download a copy from macquarie.com.au/equinox and consider its content. To acquire the Shares, you must complete the application form attached to the prospectus.

This general advice has been prepared by MSAL and does not take into account your personal objectives, financial situation or needs. Before acting on this advice, you should consider its appropriateness based on your personal circumstances.

The distribution of the information in jurisdictions outside Australia may be restricted by law and persons into whose possession the information comes should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of an applicable jurisdiction. Investors are reminded of the risks inherent in international investments, such as currency fluctuations and international stock market or economic conditions, which may adversely affect the value of the investment.

This information has been obtained from sources believed to be reliable but we do not make any representation or warranty that it is accurate, complete or up to date. To the extent permitted by law, Macquarie accepts no responsibility for errors or misstatements, negligent or otherwise.

Investments in Equinox are not deposits with, or other liabilities of, Macquarie Bank Limited ABN 46 008 583 542 (Macquarie) or of any entity in the Macquarie Bank Group, and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. Neither Macquarie, Equinox nor any member company of the Macquarie Bank Group guarantees any particular rate of return on, or the performance of, Equinox, nor do they guarantee repayment of capital from Equinox.