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Investor Presentaiton

Macquarie | Presentation to Investors and Analysts I macquarie.com Regulatory update Overview of Macquarie Operating Groups 3Q20 Update Outlook Appendix O • As previously stated, Macquarie does not believe that the UK's withdrawal from the European Union (EU) will be a material event for the Group MACQUARIE Brexit • Macquarie now has all its required licences to carry on regulated activity in Europe ° • Macquarie has a longstanding and deep commitment to the UK as the hub for the EMEA region's operations and this will continue to be the case. Macquarie has been in the UK for 30 years with approximately 2,000 staff based there as at 31 Dec 2019 Many of Macquarie's EMEA business lines have successfully built out from a strong UK hub to create a meaningful presence across continental Europe Germany • Macquarie continues to cooperate with German authorities in relation to an historical German lending transaction in 2011 • As indicated previously, the industry-wide investigation relating to dividend trading continues and Macquarie has been responding to requests for information about its activities • As part of their industry-wide investigation, the authorities have recently designated as suspects approximately 60 current and former Macquarie staff in relation to historical short selling-related activities, most of whom are no longer at Macquarie and some of whom were already named in relation to the 2011 lending matter, including the MGL CEO • The total amount at issue is not material and MGL has provided for the matter. We note that no current staff members have been interviewed to date 23 23
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