14 June 2011 [INSERT CLIENT NAME] [ADDRESS 1] [ADDRESS 2 ...

Macquarie Investment Management LimitedABN 66 002 867 003AFS Licence Number 237492RSE Licence Number L0001281A Member of the Macquarie Group of CompaniesNo. 1 Martin Place Telephone (61 2) 8232 3333Sydney NSW 2000 Facsimile (61 2) 8232 4730Australia Client Service 1800 814 523 (Australia)(61 2) 8245 4900 (International)PO Box R1723Royal Exchange NSW 1225AUSTRALIAInternet http://www.macquarie.com.au14 June 2011[INSERT CLIENT NAME][ADDRESS 1][ADDRESS 2][ADDRESS 3]Dear InvestorNotice of name change and change in underlying investments - MacquarieMaster Fixed Interest FundAccount name: [Insert account name]Account number: [Insert account number]We have recently undertaken a review of the Macquarie Master Fixed InterestFund ARSN 090 079 155 (Fund). As a result of this review, we have decided tomake two changes to the Fund.Name changeThe Fund has been renamed the ‘Macquarie Australian Fixed Interest Fund’.Change in underlying investmentsThe Fund currently gains exposure to a diversified portfolio of predominantlyAustralian fixed interest securities by investing in another fund managed byMacquarie Investment Management Limited (Underlying Fund).From 20 June 2011, the Fund will invest directly in a portfolio of securities ratherthan through the Underlying Fund. The Fund’s investment objective and strategywill not change.An updated copy of the Product Disclosure Statement for the Fund will beavailable from 20 June 2011.Macquarie Investment Management Limited 'MIML' is not an authorised deposit-taking institution for the purposes ofthe Banking Act (Cth) 1959, and MIML’s obligations do not represent deposits or other liabilities of Macquarie BankLimited ABN 46 008 583 542. Macquarie Bank Limited does not guarantee or otherwise provide assurance in respect ofthe obligations of MIML.

Macquarie Investment Management Limited2If you have any questions about these changes, please contact Macquarie FundsGroup Client Service on 1800 814 523.Yours sincerelyCarl JacobsohnHead of Client ServiceMacquarie Funds Group