Macquarie Communications Infrastructure Group led consortium announces financial close on ntl:Broadcast

01 February 2005

Macquarie Bank Limited advises that a Macquarie Communications Infrastructure Group (MCG) led consortium (“Consortium”), in which Macquarie Bank Limited has an approximate 13 per cent interest, today announced that it has reached financial close on the 100% acquisition of National Transcommunications Limited and NTL Digital Limited (together “ntl:Broadcast”). Macquarie Bank Limited has acquired its 13 per cent interest in ntl:Broadcast for ₤82 million (approximately $A205 million).

The Consortium comprises MCG, Macquarie Bank Limited and other third party investors including Industry Funds Management (Nominees) Limited, Challenger Financial Services Group, MTAA Superannuation Fund Pty Ltd, Invest Allied Limited, Macquarie Global Infrastructure Fund II and clients of Macquarie Private Bank.

For further details of the transaction, please refer to the ASX announcement issued today by MCG and the Macquarie Bank Limited ASX announcement issued on 2 December 2004.

For further information, please contact:

Jenny Kovacs
Investor Relations
Macquarie Bank Limited
Tel: (612) 8232 3250
Mobile: (614) 1354 6547

Matthew Russell
Public Relations
Macquarie Bank Limited
Tel: (612) 8232 4102
Mobile: (614) 1069 9532

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