MACQUARIE FLEXI 100 – JUNE 2012

Fee Rebate	2% (100%)
Min Investment	$25,000
Expected Close	30/06/2012

Macquarie Flexi 100 provides investors with the opportunity to borrow to invest in the Australian, Asian or US markets with a 100% investment loan, and the flexibility to ‘walk away’ without incurring break costs^.

Strategy	Investment Options	Income	At Maturity
3.5 yrs Fixed Distribution	Australian Equity Focus: A basket of 20 Australian Shares Asian Equity: Tracker Fund of Hong Kong Hang Seng H-Share Index MSCI Taiwan Index MSCI Singapore Index KOSPI 200 Index Asian Alpha: Macquarie Asian Alpha Fund Best-of Basket: S&P/ASX 200 Index PIMCO GIS Total Return Bond Fund Winton Global Alpha Fund	Fixed Years 1 to 2: 5% Year 3: 2.5%	Aus. Equity Focus: 140% of gain over the 12.5% distributions received (capped at 65%*) Asian Equity Focus: 100% of gain over the 12.5% distributions received (capped at 65%*) Asian Alpha & Best-of Basket: 100% of gain over the 12.5% distributions received (uncapped)
3.5 yrs Fixed Distribution (No Hurdle)	Australian Equity Focus: A basket of 20 Australian Shares	Fixed 5% pa + 2.5% at end of term	115% of gain up to 30% cap. In addition to 12.5% distributions
5.5 yrs Fixed Distribution	Australian Equity: S&P/ASX 200 Index US Equity: S&P 500 Index	Fixed 3% pa + 1.5% at end of term	100% of gain above the 16.5% distributions received (uncapped)
5.5 yrs Fixed Distribution (No Hurdle)	Australian Equity: (No Hurdle) S&P/ASX 200 Index	Fixed 3% pa + 1.5% at end of term	100% of gain up to 50% cap. In addition to 16.5% distributions

Key features and benefits Access to investment growth of a choice from Australian, Asian, or US markets. Annual income payments fixed at 3%pa (5.5yr option), or accelerated payments of 5%pa in years 1&2 followed by 2.5% in year 3 (3.5yr option).

Flexibility to ‘walk-away’ from the investment and limited recourse investment loan without incurring additional costs^ including break costs.

Low outlay and no margin calls – Investors in Flexi 100 must apply for a 100% investment^ loan from Macquarie which allows individuals and SMSFs to invest with a low initial capital outlay and no margin calls. Loans are limited recourse and interest is pre-paid annually in advance.

Limited Recourse Investment loan indicative rate: 7.95% pa Individual investors can also apply for an optional interest loan to fund their interest pre-payment to help manage cash flow. Indicative interest rate for the interest loan is 10.95% pa.

Suitable for SMSFs – The protection of a limited recourse loan means investors will not be required to contribute more of their own money to pay back the investment loan and will comply with legislative requirements for SMSF borrowing. Source: Macquarie * Growth and Income caps are indicative only and are set on date of issue (refer to PDS for full details) ^ Prepaid interest on an investment loan is not refunded in the event of early encashment. Investors who have opted for an additional interest loan will also be required to pay any amount owing on the interest loan (if applicable).