Commentary & Deal Flow

Reoffer: 5.5yr: MS+75bp / 99.516 / 3.853%
Benchmark: 5.5yr: DBR 0 15-Feb-32 @ 85.315 / B+90.8bp

5.5yr: Final books above €1.05bn+. Peak book above €1.7bn+

Launched: 5.5yr: €750m @ MS+75bp - Books above €1.7bn+
Book Update: Books above €1.25bn+
IPTs: 5.5yr: MS+100a

• Issuer: Macquarie Group Limited (ABN 94 122 169 279) (the “Issuer” or “MGL”)
• LEI: ACMHD8HWFMFUIQQ8Y590
• Format: Fixed rate senior unsecured notes (the “Notes”)
• Form of the Notes: Bearer
• Status of the Notes: Senior unsecured and unsubordinated medium term notes
• Issuer Ratings: A1 (Moody's) / BBB+ (S&P) / A (Fitch)
• Expected Issue Ratings: A1 (Moody's) / BBB+ (S&P) / A (Fitch)
• Currency / Size: €750m
• Pricing Date: 25-Aug-26
• Issue Date: 1-Sep-26 (T+5)
• Maturity Date: 1-Mar-32
• Issue Price: 99.516%
• Reoffer: MS+75bps, 99.516. 3.853%
• Benchmark: DBR 0% 15-Feb-32 + 90.8bps (2.945%), px 85.315 107% HR
• Interest Basis: 3.750%. Fixed Rate
• Interest Payment Dates: Interest is payable annually in arrear on 1 March in each year, from (and including) 1-Mar-27 to (and including) the Maturity Date, subject to adjustment in accordance with the Business Day Convention. The first Interest Period will be a short Interest Period from (and including) 1-Sep-26 to (but excluding) 1-Mar-27
• Day Count Convention: Actual/Actual (ICMA), Unadjusted
• Business Day Convention: Modified Following Business Day Convention
• Relevant Financial Centre: Brussels
• Business Days: London, T2
• Use of Proceeds: General corporate purposes
• Governing Law: New South Wales law
• Documentation: Issuer’s Debt Instrument Programme Offering Memorandum dated 5-Jun-26 as supplemented from time to time as well as the corresponding Final Terms for this specific issue of Notes
• Denominations: €100k+€1k (up to and including €199,000)
• Listing: London Stock Exchange Main Market
• Joint Lead Managers: CACIB, Deutsche Bank AG London Branch, ING Bank N.V, Macquarie Bank, Société Générale (B&D)
• MiFID II / UK MiFIR Product Governance (Target Market / PRIIPs): Manufacturer target market (MiFID II/ UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs key information document (KID) or UK CCI product summary has been prepared as not available to retail in EEA or UK
• Clearing: Euroclear / Clearstream
• ISIN / Common Code: XS3486875068 / 348687506
• Timing: Priced. TOE: 14:10 UKT / FTT: 14:45 UKT