Macquarie Bank advice re Endowment Warrants

Document date:  Thu 08 Jun 2000
Published:  Thu 08 Jun 2000 10:26:39
Document No:  210195
Document part:  A
Market Flag:  N
Classification:  

MACQUARIE BANK LIMITED                        2000-06-08  ASX-SIGNAL-G

HOMEX - Sydney                                                        

+++++++++++++++++++++++++
Pursuant to an Offering Circular dated 5 October 1999, Macquarie Bank
Limited has issued Endowment Warrants over the following portfolio of
ordinary shares:

STOCK                                             NUMBER IN PORTFOLIO

AMP Limited ("AMP")                                        7
Australia & New Zealand Banking Group Ltd ("ANZ")         10
The Broken Hill Proprietary Company Limited ("BHP")        5
Brambles Industries Limited ("BIL")                        2
Commonwealth Bank Of Australia ("CBA")                     4
Coca-Cola Amatil Limited ("CCL")                          18
Coles Myer Limited ("CML")                                11
Cable and Wireless Optus Limited ("CWO")                  30
Fosters Brewing Group Limited ("FBG")                     21
Lend Lease Limited ("LLC")                                 5
National Australia Bank Limited ("NAB")                    4
The News Corporation Limited ("NCP")                       8
Publishing and Broadcasting Limited ("PBL")               10
Qantas Airways Limited ("QAN")                            20
Rio Tinto Limited ("RIO")                                  4
Telstra Corporation Limited("TLS")                        12
Westpac Banking Group Limited ("WBC")                     10
WMC Limited ("WMC")                                       13
Woolworths Limited ("WOW")                                18
Woodside Petroleum Limited ("WPL")                         8

As Warrant-Issuer, Macquarie Bank Limited provides the following
information in relation to the period ending 31 May 2000.

For the period from 1 May 2000 to 31 May 2000, the following
Reduction Amounts were paid in respect of the shares in the Portfolio

ASX SHARE     DIVIDEND      PAYMENT DATE   NUMBER IN    REDUCTION
  CODE        PER SHARE                    PORTFOLIO     AMOUNT

  CML          $0.135       8 May 2000        11         $1.485
  PBL          $0.100       15 May 2000       10         $1.000

  Total                                                  $2.485

As at 31 May 2000, the Outstanding Amount of each Portfolio Endowment
Warrant (and for the Specified Number of 1,000) was as follows:

NUMBER OF     WARRANT       REDUCTION      REDUCTION    OUTSTANDING
WARRANTS      CODE             DATE          AMOUNT       AMOUNT

  1,000       PEWEMH        31 May 2000    $2.4850       $1,115.66
    1         PEWEMH        31 May 2000    $0.002485     $1.11566

In accordance with Page 50 of the Offering Circular dated 5 October
1999, the Base Rate that will apply to all series of Endowment
Warrants issued by Macquarie Bank Limited, pursuant to that Offering
Circular, from 3 April 2000 until and including 3 July 2000 is
6.0633% per annum.

If you require further information on this matter, please call me on
8232 4042.

R Dixon 
MANAGER 
EQUITY MARKETS