Book size: 1200; Registration: Reg S Only; Comments: EUR650m 5yr cpn fxd 2.738% at 100, yld 2.738%. Spread: MS+27bps. DBR 0 02/15/31 @ 89.09 / B+40.3bps. LEI: 4ZHCHI4KYZG2WVRT8631;

Reoffer: 5yr: MS+27bp / 100 / 2.738% Benchmark: 5yr: DBR 0 15-Feb-31 @ 89.09 / B+40.3bp / HR 106% Final Books: €1.2bn (incl. €300m JLM). Peak book above €1.6bn (pre-rec). Launched: 5yr: €650m @ MS+27bp - Books above €1.2bn (incl. €300m JLM) Spread set at: 5yr: MS+27bp - Books above €1.6bn (incl. €300m JLM) Book Update: Books above €1.5bn (incl. €300m JLM) Guidance: 5yr: MS+33a Issuer: Macquarie Bank Limited (ABN 46 008 583 542) LEI: 4ZHCHI4KYZG2WVRT8631 Covered Bond Guarantor: Unconditionally and irrevocably guaranteed as to payments of interest and principal by Perpetual Limited (ABN 86 000 431 827) in its capacity as trustee of the MBL Covered Bond Trust Issuer Ratings: Aa2/A+/A+ (Moody's/S&P/Fitch) Exp. Issue Ratings: Aaa/AAA (Moody's/Fitch) Type: Australian legislative Covered Bond, backed by 100% Australian prime residential mortgages Format: Bearer Form, Classic Global Covered Bonds, Reg S (TEFRA D) Size: €650m Coupon: Fixed Rate, 2.738% annual ACT/ACT (ICMA), unadjusted Settlement Date: 18-Feb-26 (T+5) Maturity: 18-Feb-31 (soft bullet) Reoffer: MS+27bp / 2.738% / 100 Benchmark: DBR 0 15-Feb-31 @ 89.09 / B+40.3bp Denominations: €100k + €1k ISIN / Common Code: XS3298795348 / 329879534 Documentation: The base prospectus relating to the Issuer’s A$10,000,000,000 MBL Covered Bond Programme (the “Programme”) dated 6-Jun-25, as supplemented by the supplementary prospectuses dated 30-Jun-25 and 7-Nov-25 and as may be further supplemented from time to time (together, the “Prospectus”) Governing Law: The Covered Bonds will be governed by, and shall be construed in accordance with, English law. The Security Deed is governed by New South Wales, Australia law Listing: London Stock Exchange Target Market: MiFID II / UK MiFIR professionals/ECPs-only/No PRIIPs or UK PRIIPs KID - Manufacturer target market (MiFID II / UK MiFIR product governance, as appropriate) is eligible counterparties and professional clients only (all distribution channels permitted by applicable law). No PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail investors in the EEA or the UK Selling Restrictions: As set out in the Prospectus Joint Bookrunners: Credit Agricole CIB, Deutsche Bank, ING, Macquarie Bank Limited (London Branch), Macquarie Bank Europe Designated Activity Company and Natixis (B&D) Co-Managers: Helaba and Nord/LB Timing: TOE: 12.52 UKT / 13.52 CET, FTT: 13.15 UKT / 14.15 CET

Unconditionally and irrevocably guaranteed as to payments of interest and principal by Perpetual Ltd (ABN 86 000 431 827) in its capacity as trustee of the MBL Covered Bond Trust