fåíêçÇìÅíáçå=íç=j~Åèì~êáÉ=`ççâ= båÉêÖó=j~êâÉí=`~é~ÄáäáíáÉë ^ìÖìëí=OMMU pqof`qiv=`lkcfabkqf^i PAGE 1. Macquarie Group Overview 3 2. Macquarie Cook – Capability Summary 8 3. Contact Details 20 pqof`qiv=`lkcfabkqf^i 2 j~Åèì~êáÉ=dêçìé=lîÉêîáÉï pqof`qiv=`lkcfabkqf^i 3 j~Åèì~êáÉ=dêçìé mêçÑáäÉ The Macquarie Group afsbopfcfbaI=dil_^i=cfk^k`f^i comprises Macquarie pbosf`bp=lod^kfw^qflk Bank Limited and its Global institution, headquartered in Australia subsidiaries and affiliates Total assets under management, ~US$232 billion 57%^ of total operating income derived from Macquarie Cook international markets Energy and Macquarie 13,200 employees in 25 countries Cook Power are wholly-owned — Over 1,800 employees in the Americas subsidiaries of Macquarie Group Limited, Australian Stock Exchange- Macquarie Bank Ltd listed (ASX : MQG) Top 20 ASX company; market capitalization of ~US$19 billion Successive years of record profits and consistent growth since 1992 Macquarie Bank Limited ratings: — F1/A+ (Fitch) ^Excludes earnings on capital and is after directly attributable costs — P1/A1 (Moody’s) including fee and commission expenses. — A1/A (Standard & Poor’s) Staff numbers as of Mar 31, 2008. pqof`qiv=`lkcfabkqf^i 4 j~Åèì~êáÉ=dêçìé däçÄ~ä=lÑÑáÅÉë 13,200 EUROPE CANADA USA ASIA Amsterdam Calgary Atlanta Houston San Diego Bangkok employees Dublin Montreal Boston Irvine San Francisco Beijing in 25 Frankfurt Toronto Carlsbad Jacksonville San Jose Hong Kong countries Geneva Vancouver Charleston Los Angeles Savannah Hsinchu London Winnipeg Chicago Miami Seattle Jakarta Milan Denver New York Troy Kuala Munich Lumpur Paris Labuan Rome Manila Vienna Mumbai Zurich Seoul Shanghai Singapore Taipei Tianjin Tokyo AUSTRALIA SOUTH AFRICA Adelaide Cape Town Brisbane Johannesburg BRAZIL NEW ZEALAND Broadbeach Sao Paulo Auckland Canberra MIDDLE EAST Christchurch Melbourne Abu Dhabi Wellington Newcastle Dubai Perth Sunshine Coast Sydney Staff numbers as of Mar 31, 2008 pqof`qiv=`lkcfabkqf^i 5 j~Åèì~êáÉ=dêçìé ^rj=J lîÉê=UMM=fåÑê~ëíêìÅíìêÉ=C=oÉ~ä=bëí~íÉ=^ëëÉíë UK Moto-Motorway Services Canada USA Aquarion* South Korea M6 Toll Provider Edmonton Ring Road South Bay Expressway Boart Longyear Baekyang Tunnel Birmingham Airport National Car Parks 407 ETR Dulles Greenway International-Matex Tank Cheonan Nonsan Expressway Bristol Airport East London Bus Group AltaLink Indiana Toll Road Terminals Incheon Expressway Energy Power Resources (UK) Steam Packet Cardinal Power Skyway Longview Kwangju 2nd Beltway Section 1 & 3 Wales & West Utilities Wightlink Sea to Sky Macquarie Parking Smarte Carte Machang Bridge Thames Water Talarius Halterm Limited Atlantic Aviation American Consolidated Media New Daegu-Busan Expressway CLP Envirogas Macquarie Global Property Leisureworld AIR-serv Macquarie DDR Soojungsan Tunnel Arqiva Advisors (MGPA) Fraser Surrey Docks Icon Parking Macquarie ProLogis Daegu East Circular Road Red Bee Media Hanjin Container Terminals Macquarie CountryWide Incheon Grand Bridge Mexico District Energy Macquarie Office Seoul Chuncheon Expressway France Belgium Macquarie ProLogis Duquesne Light* Macquarie Leisure Woomyunsan Tunnel Autoroutes Paris-Rhin-Rhône Brussels Airport The Gas Company (Hawaii) Seoul Subway #9 Energy Power Resources Denmark Yongin Seoul Expressway (Europe) Copenhagen Airport Seosuwon-Osan-Pyungtaek French windfarms Expressway MGPA SK E&S Singapore West Sea Power/West Sea Water Schroder Asian CJ CableNet Germany properties Kukdong Building Warnow Tunnel MMP REIT Schroder Asian properties TanQuid (tank storage business) United Arab Emirates MGPA MGPA MGPA Al Ain Industrial City Macquarie Office Industrial City of Abu Dhabi China/Taiwan (Phase 2) Taiwan Broadband Communications Changshu Xinghua Port Italy First China Property Group Rome Airport Schroder Asian properties MGPA MGPA Macquarie Office South Africa Retail malls N3 Toll New Zealand Luxembourg N4 Maputo Toll Metlife Care Hong Kong MGPA Bakwena Platinum Corridor Private Lifecare Schroder Asian properties Retirement Care New Zealand MGPA Netherlands Portugal Macquarie CountryWide Macquarie Goodman Hong Kong NRE* Tagus Crossings Macquarie Leisure Wholesale Fund European Directories# Obragas Net* Spain Australia Japan Netbeheer Haarlemmermeer* Itevelesa Prospect Water Southern Cross Broadcasting Retirement Services Australia Hakone Turnpike MGPA Dampier – Bunbury Transtoll Zig Inge Ibukiyama Driveway Sweden Multinet Sydney Airport Macquarie Office Schroder Asian properties Poland Arlanda Express United Energy Distrib. Westlink M7 Macquarie CountryWide MGPA Deep Sea Container Terminal AlintaGas Networks Eastlink Macquarie Leisure Residential portfolio (own, not MGPA Switzerland Broadcast Australia Retirement Care Australia MREEF managing) MGPA Macquarie Regional Radioworks RVG Sydney As at March 2007. *Subject to financial and customary closing arrangements #European Directories also in Sweden, Finland, Austria, Czech Republic, Slovakia, Denmark & France Roads Real Estate Airports Communications Utilities Transport services Other pqof`qiv=`lkcfabkqf^i- In some cases, Macquarie or a Macquarie-managed fund has partial interest in an asset 6 j~Åèì~êáÉ=dêçìé j~àçê=_ìëáåÉëë=^ÅíáîáíáÉë TREASURY & Energy Markets (incl. Macquarie Cook) BANKING & Banking COMMODITIES GROUP Agriculture & Industrial Products SECURITIZATION GROUP Investment Lending Consumer Lending Metals & Energy Capital Mortgages and Debt Securitization Foreign Exchange Debt markets Futures Full service stockbroking Treasury RETAIL FINANCIAL SERVICES GROUP Private banking Economic research Financial planning INVESTMENT BANKING Finance (including Advisory, Equity Capital Third party product distribution GROUP Markets and Investment Banking Funds) Macquarie Wrap Financial Products Cash Management Trust Macquarie Capital (leasing & asset financing) Institutional Stockbroking FUNDS MANAGEMENT Full spectrum active fund mgr Research Equities GROUP Global & domestic funds Equities Property EQUITY MARKETS Product issuance Fixed Interest GROUP Volatility trading Cash Structured deals Private Equity Cash trading Responsible entity services Equity finance Hedge funds REAL ESTATE GROUP Real estate investment management Real estate finance Real estate investment banking pqof`qiv=`lkcfabkqf^i 7 j~Åèì~êáÉ=`ççâ=Ó `~é~Äáäáíó=pìãã~êó pqof`qiv=`lkcfabkqf^i 8 cáå~åÅá~ä=`êáëáë fÑ=åçíÜáåÖ=ÉäëÉ=Ü~ë=êÉëìäíÉÇ=áå=ëçãÉ=Ñ~åí~ëíáÅ= Éã~áäëKKK pqof`qiv=`lkcfabkqf^i 9 cáå~åÅá~ä=`êáëáë fÑ=åçíÜáåÖ=ÉäëÉ=Ü~ë=êÉëìäíÉÇ=áå=ëçãÉ=Ñ~åí~ëíáÅ= Éã~áäëKKK pqof`qiv=`lkcfabkqf^i 10 cáå~åÅá~ä=`êáëáë fÑ=åçíÜáåÖ=ÉäëÉ=Ü~ë=êÉëìäíÉÇ=áå=ëçãÉ=Ñ~åí~ëíáÅ= Éã~áäëKKK pqof`qiv=`lkcfabkqf^i 11 j~Åèì~êáÉ=`ççâ lîÉêîáÉï Macquarie Cook brings kloqe=^jbof`^k=qo^afkd=^ka=j^ohbqfkd superior products and risk management Physical solutions for producers and end users services to customers — Power and Gas supply in the physical energy markets of North — Medium and Long Term Hedges America. — Storage and Transportation Services Extensive range of financial hedge products History of lasting customer relationships Priority of customer transactions over proprietary trading Asset acquisition and development Owned by and guaranteed where agreed by Macquarie Bank Limited, a strong and diversified global services organization Macquarie Bank Limited ratings: — F1/A+ (Fitch) — P1/A1 (Moody’s) — A1/A (Standard & Poor’s) pqof`qiv=`lkcfabkqf^i 12 j~Åèì~êáÉ=`ççâ båÉêÖó=j~êâÉí=`~é~ÄáäáíáÉë pqof`qiv=`lkcfabkqf^i 13 mçïÉê=`~é~Äáäáíó j~Åèì~êáÉ=`ççâ=mçïÉê=mêçÑáäÉ Macquarie Cook Power combines the extensive physical experience of its power trading and marketing staff to deliver superior risk management products to its customers. — Established in 2006 — Macquarie Cook Power maintains a customer focus and the capabilities to meet physical customer needs — Unlike many financial institutions, Macquarie Cook Power has the ability to own or dispatch physical assets. A strong physical focus is key to the Macquarie Cook Power business strategy — Guarantees available from A rated Macquarie Bank Limited — Currently trading physically and/or financially in PJM Interconnection, NEPOOL, NYISO, MISO, CAISO, and the entirety of WECC markets. pqof`qiv=`lkcfabkqf^i 14 k~íìê~ä=d~ë=`~é~Äáäáíó j~Åèì~êáÉ=`ççâ=båÉêÖó=mêçÑáäÉ Macquarie Cook Energy’s core business is focused on the full range of physical natural gas in North America, including transportation, storage, balancing, and ultimately receipt or delivery of physical natural gas from production to the end user. Macquarie Cook Energy - Founded in 1990, as an energy trading and marketing company headquartered in Los Angeles A successful 17 year track record of serving North America’s largest natural gas producers, utilities, industrial users, and other large wholesale energy players at all major points in the United States and Western Canada while maintaining a low risk, focused and tightly controlled trading operation Offering a full range of financial products in natural gas Active at all major pricing points across North America, trading more than 2.8 billion cubic feet of gas per day Evolved from a West Coast, short term, physical natural gas player to a full service, physical and financial player with long dated deal capacity, and North American market coverage Expansion of marketing and trading business into Canada pqof`qiv=`lkcfabkqf^i 15 ^ëëÉí=`~é~Äáäáíó= Macquarie Cook has experienced staff