MACQUARIE BANK 1996 FACT SHEET * Macquarie Bank Limited is the only substantial Australian-owned investment bank * The Bank listed on the Australian Stock Exchange (ASX) on 29 July 1996. * Macquarie has a market capitalisation of $A1.3 billion, making it the 55th largest company quoted on the ASX * Macquarie Bank employs approximately 1800 staff, and has offices in Sydney, Melbourne, Brisbane, Perth, Cairns, Auckland, Beijing, Hong Kong, Jakarta, London, Munich, New York, Shanghai, Singapore, Tianjin, Wellington. Macquarie Bank is also represented in Johannesburg and Kuala Lumpur and Macquarie Investment Services has offices in Adelaide, Hobart and Canberra * The Bank has five main Operating Groups: Corporate Banking Group, Equities Group, Macquarie Corporate Finance, Treasury & Commodities Group, and the Investment Services Group, which encompass 31 business units ranging from bullion trading within Treasury and Commodities to cross-border leasing in Macquarie Corporate Finance and mortgage securitisation within the Corporate Banking Group * The Macquarie Bank Group has over $A20 billion in assets under management spread across retail funds management, wholesale funds management, listed trusts, mortgages and investment trusts. This figure has increased 160 per cent over the last five years * For the half year to September 30, 1996, the Bank declared a fully franked interim cash dividend of 18 cents per fully paid ordinary share. The half year profit result will be announced on December 2 Macquarie Corporate Finance has offices in Sydney, Melbourne, Jakarta, London, New York, Singapore and Wellington. The Group was ranked number one in the 1995 Mergers and Acquisitions League Table (listed and unlisted Australian targets) by Corporate Adviser. It has provided cross border lease finance for Telecom Australia, Telecom New Zealand, Mercury Communications; is a leading force in cross border leasing in Japanese, US, and German markets; and is recognised for its innovation in developing tax effective finance structures, delivering effective sub-LIBOR funding for clients throughout Asia. Macquarie Equities Group is one of Australia's most active share brokers, consistently ranking in the top four for total national turnover on the ASX. Macquarie Equities has offices in Sydney, Melbourne, Brisbane, Hong Kong, London, New York, and Munich. Activities include trading Australian equities and their derivatives, including options, warrants and convertible instruments; making markets in equity and other exchange traded options, and providing tailored equity-based products and strategies. Macquarie Equities is licensed to trade options in Hong Kong's options market, transferring a skills base which has seen the domestic business evolve into one the largest proprietary traders in the Australian equities market. Investment Services Group manages a portfolio of over $A14 billion, split almost evenly between retail and institutional clients. In the year to June 1996, Macquarie was ranked number one for retail funds inflow. It consistently ranks among Australia's top ten fund managers by size. The Investment Service Group is a major supplier of currency protection to institutional investors in Australia, and has marketed the overlay to clients throughout Asia. The currency overlay is rated in the top 10 in terms of funds under management worldwide. Treasury & Commodities Group is responsible for operations ranging from pricing the Australian dollar through to trading electricity and wool derivatives. Macquarie is a member of the London Metals Exchange and makes prices in base metals 24 hours a day, with a particular focus on the Asian time zone. It is a major exporter of physical gold bullion to customers throughout Asia, particularly Hong Kong. Macquarie is also the leading provider of hedging services to Australian producers and provides structured hedging and financing facilities to Australian, African and South East Asian miners. Macquarie's Foreign Exchange Division operates around the clock providing a comprehensive and specialised service in the Australian dollar market. Macquarie is also one of the most active traders on the floor of the Sydney Futures Exchange, the biggest exchange in the Asia Pacific region and the 11th largest in the world. Corporate Banking Group carries out most of the Bank's lending related business. This includes professional and private banking, leasing, property lending, advisory, management and mortgage securitisation. The Bank has established a wholly owned foreign enterprise in China with approval to operate in Tianjin, Beijing and Shanghai. The primary activity in China involves the introduction of foreign capital into low cost housing development. RECENT HIGHLIGHTS INCLUDE: * Euromoney magazine voted Macquarie Bank Best Domestic Bank - Australia in 1996, the third time in four years that Macquarie has been recognised as the pre-eminent domestic bank in Australia * The $1.7 billion Transurban Melbourne City Link project, on which Macquarie Corporate Finance acted as an adviser was voted "Project Finance - Deal of the Year" for 1996 by the United Kingdom's Corporate Finance magazine. The deal size was unprecedented for an Australian tollroad financing and combined unique elements of risk allocation, design and technical excellence. * Macquarie's Corporate Advisory team assisted CRA on the development and successful implementation of its landmark Dual Listed Companies merger with RTZ. The transaction was the first of its type to take place in Australia and created the world's largest mining entity with market capitalisation of $A27 billion. The merger was awarded "Mergers and Acquisitions Deal of the Year" by Asiamoney and "Best Mining Deal" of the year by Global M&A. * In April 1996, Macquarie Corporate Finance formed the Infrastructure Funds Management Division, which has since launched the Infrastructure Trust of Australia (ITA). In November, ITA issued a prospectus to raise $A300 million. ITA will be the first infrastructure fund to be listed on the ASX, allowing investors to participate in an asset class that has until recently been restricted primarily to institutional investors. ITA will invest in a range of infrastructure assets such as power, airports, telecommunications, water and sewerage, gas pipelines and ports. (more)