mgq spp - scaleback, page-22

4 May announcement page 2 (below) has many of the details, with further info expected to be posted out 11 May

The principal terms of the SPP are:
(a) Eligible shareholders may choose from four levels of participation:
shares at a maximum cost of A$15,000;
shares at a maximum cost of A$10,000;
shares at a maximum cost of A$5,000; or
shares at a maximum cost of A$2,500
(with each case subject to the price per share specified above and to rounding and any scaleback).
(b) Registered holders of fully paid ordinary shares of Macquarie at 7:00 pm (Sydney time) on 30 April 2009 with a registered address in either Australia or New Zealand will
be eligible to participate in the SPP.
(c) If a shareholder is expressly recorded in the register as holding shares on account of another person then that person will be treated as an eligible shareholder for the
purposes of the SPP and may make an application through the shareholder to participate in the SPP. Otherwise, for regulatory reasons, the level of participation for
trustee and nominee shareholders will be capped at the level of participation open to individual shareholders.
(d) Macquarie has absolute discretion as to the amount raised through the SPP, including reserving the right to scale back. Any scale back will be on a pro rata basis based on applications.

• The maximum number of shares that may be issued under the SPP will be determined by the price at which the shares are issued (as specified above) and the aggregate participation level of all eligible shareholders who participate in the SPP. The maximum issue price is $26.60 (the minimum issue price will be the lower of this amount and the VWAP). The maximum participation level is $15,000 and we estimate the number of eligible shareholders to be approximately 131,000.
• The issue of shares under the SPP will not require shareholder approval.
• The issue will be made to a ordinary shareholders. The eligibility criteria for the SPP are outlined above.
Full details of the SPP, including the terms and conditions of the offer and an application form, will be
sent to eligible shareholders on or around Monday, 11 May 2009. Eligible shareholders are encouraged to read this information before applying to participate in the SPP. The closing date for applications is expected to be Friday, 29 May 2009. The SPP offer will be non-renounceable and
shares issued under the SPP are expected to be allotted on or around Friday, 5 June 2009.