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Home» About Macquarie Group» News & announcements» Archive 2005» Macquarie Bank comments on expected 2004/05 net profit

News & announcements

Macquarie Bank comments on expected 2004/05 net profit

21 February 2005

Further to Friday’s announcement that Macquarie Bank Limited (“Bank’) expected a very substantial increase in its second half profit, the Bank wishes to inform the market that this increase is currently expected to lead to the Bank’s net profit after tax attributable to ordinary equity holders for the year to 31 March 2005 being up at least 40 per cent on the previous year, excluding the effects of the gain which has been brought to account as a result of the formation of the Macquarie Goodman Group. This outlook reflects the significant number of transactions completed by the Bank over the year, which have been announced to the market, and generally buoyant trading conditions.

The Bank notes that the final result is still uncertain and will be dependent on market conditions between now and 31 March 2005 and the extent of successful completion of major transactions on or before 31 March 2005. The notable features of 2004/05 to date including significant swing factors, which might affect the outlook going forward, were discussed in the presentation to investors and analysts at the Bank’s Operational Briefing last Friday, a copy of which was lodged with ASX.

For further information please contact:

Greg Ward
Chief Financial Officer
Macquarie Bank
Tel: (612) 8232 3543

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

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

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