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## Independent auditor’s report To the members of Macquarie Group Limited continued 

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## Report on the Remuneration Report 

We have audited the Remuneration Report included in pages 45 to 83 of the directors’ report for the year ended 31 March 2014. The directors of the Company are responsible for the preparation and presentation of the Remuneration Report in accordance with section 300A of the Corporations Act 2001. Our responsibility is to express an opinion on the Remuneration Report, based on our audit conducted in accordance with Australian Auditing Standards. 

## Auditor’s opinion 

In our opinion, the Remuneration Report of Macquarie Group Limited for the year ended 31 March 2014, complies with section 300A of the Corporations Act 2001. 

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Sydney 2 May 2014 

