Macquarie ALPS

There are no new series of ALPS available for investment.

If you require details of previous ALPS Series, please refer to the relevant link.

This general advice has been prepared by Macquarie Bank Limited ABN 46 008 583 542 ("Macquarie") and does not take account of your objectives, financial situation or needs. Before acting on this general advice, you should consider the appropriateness of the advice having regard to your situation. We recommend you obtain financial, legal and taxation advice before making any financial investment decision. Macquarie ALPS is issued by Macquarie and all potential investors should obtain a Product Disclosure Statement (PDS) from www.macquarie.com.au/alps and consider it before deciding whether to acquire or continue to hold the investment.

No returns shown in this information are forecasts or predictions of future performance.  Actual performance may differ materially.

Macquarie or its associates, officers or employees may have interests in the financial products referred to in this information by acting in various roles including as investment banker, underwriter or dealer, holder of principal positions, broker, lender or adviser. Macquarie or its associates may receive fees, brokerage or commissions for acting in those capacities. In addition, Macquarie or its associates, officers or employees may buy or sell the financial products as principal or agent and as such may effect transactions which are not consistent with any recommendations in the information. Macquarie will receive remuneration and pay commission to introducing advisers. The amount of remuneration and commission are more fully described in the PDS.

To the extent permitted by law, Macquarie and other Macquarie Group companies expressly disclaim all or any liability and responsibility to any person in respect of anything (and consequences of anything) done or omitted to be done by any person in reliance on the whole or part of this information. Parts of this information has been obtained from sources believed to be reliable but we do not make any representation or warranty that it is accurate, completed or up-to-date. To the extent permitted by law, Macquarie accepts no responsibility for errors or misstatements, negligent or otherwise.

The distribution of the information in jurisdictions outside Australia may be restricted by law and persons into whose possession the information comes should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of an applicable jurisdiction. Investors are reminded of the risks inherent in international investments, such as currency fluctuations and international stock market or economic conditions, which may adversely affect the value of the investment.

This information is current as a 20 June 2006 and subject to change without notice.