Information for existing Macquarie Equinox Select Opportunities Trust Investors

Important information - suspension of redemptions in all Macquarie Equinox Trusts (Macquarie Equinox)

Redemptions for all Macquarie Equinox investments have been suspended until further notice. For more information, please click here.

Redemption requests submitted for redemption dates prior to 28 November 2008 will be processed in accordance with normal redemption procedures. All other redemption requests received (including requests for the 28 November redemption date) will be held over until the suspension is lifted.

The offer for units in the Macquarie Equinox Select Opportunities Trust ("Equinox Select Opportunities") is closed.

February 2009 Estimated Performance Information

Estimated performance information for Equinox Select Opportunities units as at month end February 2009 is as follows:

May 2009 Estimated Performance Information

* The calculation of the official net asset value is suspended. The net asset value and portfolio performance (as shown above) are estimates and hence indicative only.

⁺ Capital Protection, Profit Lock-ins and Cash Distributions are subject to the terms and conditions of the Exposure Agreement as described in the Equinox Select Opportunities Product Disclosure Statement ("PDS").

⁺⁺ Distribution record date is 30 June 2008

^# Equinox Select Opportunities inception - July 2006
The information pertaining to investment performance of units 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 PDS.

Definitions for Equinox Select Opportunities units

Total Return Index: an accumulation index of the Equinox Portfolio NAV per unit which assumes the reinvestment of Cash Distributions.

Loan Interest Information Equinox Select Opportunities units

⁺ Investors will be notified of the likely direct debit date.

Past performance is not necessarily a reliable indicator of future performance.

Potential investors should read the PDS for details of assumptions on which any returns are based. Returns may be affected by the accuracy of assumptions, market conditions and risks. Actual returns may differ materially.

This information is provided by MQ Portfolio Management Limited ABN 55 092 552 611 (“MPML”), the issuer of Macquarie Equinox Select Opportunities Trust. Any advice provided does not take into account your objectives, financial situation or needs. You should consider the appropriateness of this advice having regard to these matters, and read the Product Disclosure Statement (“PDS”), before making any investment decision.  The PDS is available from www.macquarie.com.au/equinox.

MPML is not an authorised deposit taking institution for the purposes of the Banking Act (Cth) and its 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 MPML.

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.