Information for existing Macquarie Equinox Class E Share Investors

The offer for Class E Participating Shares in Macquarie Equinox Limited is now closed.

August 2008 Performance Information

Performance information for the Class E Participating Shares as at month end August 2008 is as follows:

September 2008 Estimated Performance Information

We expect final performance information for September to be available mid to late November 2008. Estimated performance figures are shown below.

* The NAV per Share is inclusive of a holding in the Drake Global Opportunities Fund (“Drake”), which represented approximately 7.79% of the Equinox Class E portfolio as at 31 August 2008.

Drake has commenced the process of winding down and is liquidating its underlying investments. To realise its investments in an orderly manner, Drake has chosen to pay investors proceeds of the liquidation over a scheduled timeframe. Drake has tentatively indicated that payments will be made over a 12 month period.

When the liquidation proceeds are made available they will be reinvested by Macquarie Equinox Limited.

Due to the scheduled timeline, there may be a delay for redeeming investors in receiving the Drake portion of their investments.

If you are have any queries please contact the Client Service Team on 1800 025 513.

⁺ Capital Protection is subject to the terms and conditions of the Capital Protection Agreement as described in each prospectus. Profit Lock-ins and Cash Dividends are at the discretion of Equinox.

⁺⁺ Dividend declaration date was 20 July 2007. No dividend was declared at 30 June 2008.

^# Class E Inception - December 2004
The information pertaining to investment performance of Shares set out above does not represent the prices payable on redemption or transfer. Redemption and transfer prices will be calculated in accordance with the methodology set out in the prospectus.

Definitions for Class E shares

Total Return Index: an accumulation index of the Equinox Portfolio NAV per share calculated assuming the reinvestment of Cash Dividends.

Loan Interest Information Class E shares

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

This information is provided by Macquarie Capital Securities (Australia) Limited ("MCSAL"), as the arranger of Macquarie Equinox Limited ("Equinox").  MCSAL is a holder of an Australian Financial Services Licence.  The information provided by MCSAL has made every effort to ensure the performance information is accurate and has provided the information in good faith, however its accuracy, reliability or completeness is not guaranteed and no responsibility for the accuracy, completeness or timeliness of the information is accepted.  Any advice provides does not take into account your objectives, financial situation or needs.  You should consider the appropriateness of the advice having regard to these matters, and read the relevant prospectus.  The prospectus is available from www.macquarie.com/equinox.

The information pertaining to investment performance set out above does not represent the prices payable on redemption or transfer. Redemption and transfer prices will be calculated in accordance with the methodology set out in the Prospectus.

Neither MCSAL nor Equinox are authorised deposit-taking institutions for the purposes of the Banking Act (Cth) and their obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 ("Macquarie") or any other Macquarie Group Company. Macquarie does not guarantee or otherwise provide assurance in respect of the obligations of MCSAL or Equinox.

The distribution of this 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.

View the MCSAL FSG (125 KB)