Macquarie Bank acquires 81% interest in two Canadian healthcare projects

28 December 2005

Macquarie Bank today announced that it has acquired an 81% interest in two Canadian healthcare projects, the C$355 million (A$415.9 million) Abbotsford Regional Hospital and Cancer Centre and the C$95 million (A$111.3 million) Academic Ambulatory Care Centre at Vancouver General Hospital, both located in British Columbia[1].

The interests have been acquired from ABN AMRO Bank N.V. which will retain the remaining 19% interest as well as overseeing the transition to Macquarie of overall project management responsibilities for the two projects.

The two healthcare projects were awarded as public-private partnerships, involving the design, construction, financing and operation of the assets under long-term contracts with the government of British Columbia. Upon completion of construction, the significant majority of revenues of both healthcare projects will be paid by the British Columbia government.

Macquarie Bank’s regulatory capital ratios are not expected to be materially impacted by the transaction.

Macquarie Bank will explore a range of options for its interests in the two projects, including the potential transfer to a Macquarie-managed fund.

For further information please contact:

Kathryn Hanes
Media Relations
Macquarie Bank Limited
Tel: (612) 8232 3870

Dennis Leong
Company Secretary
Macquarie Bank Limited
Tel: (612) 8232 3273

[1] Project values used relate to the capital cost estimates for the respective project.

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