Macquari have much more money

TORONTO, ONTARIO -- 12/03/07 -- Macquarie Group (Macquarie) today announced that it has completed the acquisition of Orion Securities Inc. (Orion).

Effective December 1, 2007, the business and employees of Orion have been integrated into Macquarie and now operate as Macquarie Capital Markets Canada Ltd. alongside the firm's existing franchise in Canada and around the world.

Paul Donnelly, Chief Executive Officer of Macquarie Capital Markets Canada Ltd., said, "We are delighted that from today we can bring together the highly regarded Orion platform that has served clients in Canada so well, with the global strength and expertise of Macquarie.

"By integrating Orion into Macquarie, we complete our global resources business through a broad presence in the Canadian market, the end result now being a leading, full-service offering of M&A, equity underwriting, research, sales and trading capabilities in key natural resources markets around the world.

"From today, we can also provide all Canadian clients with access to the scale and global reach of Macquarie Capital Securities which builds upon Orion's successful operations in equity underwriting, sales, trading and research.

"Lastly, we now offer significant opportunities to our executives in Canada to develop their careers as they draw upon Macquarie's global pool of products, executives and systems to provide clients with a wider range of services in Canada and elsewhere. Over time, we expect that Macquarie Capital Markets Canada Ltd. will expand its product offering to complement our existing activities in infrastructure, utilities and resources," said Mr Donnelly.

About Macquarie

The Macquarie Group (Macquarie) is a diversified international provider of banking, financial, advisory and investment services, with approximately C$200 billion of total assets under management (as of September 30, 2007). Headquartered in Sydney, Australia, Macquarie Group Limited (ASX: MQG) is a top 20 company listed on the Australian Securities Exchange with a current market capitalization of C$18 billion. Macquarie now employs more than 11,300 people in 25 countries including more than 1,300 people in the Americas.

Macquarie Capital includes the Macquarie Group's corporate advisory (Macquarie Capital Advisors), institutional equities sales, trading and research and corporate underwriting (Macquarie Capital Securities), wholesale structuring, Macquarie Capital Funds, private equity and specialized equipment financing activities.

Macquarie Capital Advisors specializes in a range of corporate advisory services including mergers and acquisitions, capital raises, restructurings, project & structured finance and tailored strategic and financial advice.

Macquarie Capital Securities has teams located in the major financial markets around the world providing clients with specialist capabilities in equity underwriting, equity sales and trading, equities research and corporate broking and is consistently ranked highly for its research, sales and execution.

In Canada, Macquarie has had a significant and expanding presence since 1998. Today Macquarie has offices located in Toronto, Vancouver, Montreal, Calgary and Winnipeg employing over 300 people across a range of businesses.

For more information, visit: www.macquarie.com/ca