Macquarie Media Group (MMG) has announced a final distribution of 22.5 cents per stapled
security for the six months to 30 June 2008, bringing the total distribution for the year to 47
cents per stapled security.

Net operating cash flow per stapled security for the 12 months ending 30 June 2008
is forecast to be approximately 52 cents, up 16% from the prior corresponding period.

Net operating earnings3 for the period is forecast to be approximately 47 cents per
stapled security, after subtracting maintenance capital expenditure of approximately
$10 million (approximately 5 cents per stapled security), up 15% on pcp.

CEO Mark Dorney is pleased with the result: “The 15% growth in
operating earnings per security reflects the solid growth of our media businesses during the
2008 financial year. The 2008 financial year distribution is entirely sourced from operating earnings from MMG’s businesses.”

Now that Taiwan Broadband Communications has been sold, maintenance capital expenditure
is expected to be approximately 1% of Group revenues per annum.

At Macquarie Southern Cross Media (MSCM), the roll out of standard definition digital and
high definition digital television is progressing on time and on budget. Being growth capital
expenditure, both programs are accounted for in our budgets and fully funded by existing
capital expenditure facilities.

Dorney says MMG is “well placed to begin the 2009 financial year as our high quality media businesses
continue to realise the benefits of being diversified across a variety of local and regional
markets… We remain committed to maximising long term value for our security holders.”

MMG will announce its financial results for the year ending 30 June 2008 on Wednesday 27
August 2008.