MQA: Ceasing to be a substantial holder from WBC

To Company Name/Scheme MACQUARIE ATLAS ROADS GROUP (MQA)

ACN/ARSN ACN 141 075 201

1. Details of substantial holder(1)

   Name WESTPAC BANKING CORPORATION (WBC) and its associated entities listed in Annexure 'B '

   ACN/ARSN (if applicable) ACN 007 457 141

   The holder ceased to be a

   substantial holder on 14/12/2016

   The previous notice was given to the company on 01/12/2016

   The previous notice was dated 29/11/2016

2. Changes in relevant interests

   Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

   Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
   14/12/2016	WBC & its Associates, Asgard Capital Management Limited, BT Funds Management No.2 Limited, Westpac RE Limited, Westpac Financial Services Limited, BT Funds Management Limited, Advance Asset Management Limited, BT Investment Management (Fund Services) Limited, BT Investment Management (Institutional) Limited	See Annexure 'A'	See Annexure 'A'	See Annexure 'A'	See Annexure 'A'

3. Changes in association

   The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to the voting interests of the company or scheme are as follows:

   Name and ACN/ARSN (if applicable)	Nature of association

   Page 1 of 14

4. Addresses

The addresses of persons named in this form are as follows:

Print name Tim Hartin Capacity Company Secretary

Sign here Date 16/12/2016

1. If there are a number of substantial holders with similar or related relevant interests (e.g. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 4 of the form.

2. See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

3. See the definition of "associate" in section 9 of the Corporations Act 2001.

4. Include details of:

5. any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

6. any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

   See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

7. Details of the consideration must include any and all benefits, money and other that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

8. The voting shares of a company constitute one class unless divided into separate classes.

9. Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

ANNEXURE A This is annexure 'A' referred to in Form 605, Notice of ceasing to be a substantial holder, lodged for Westpac Banking Corporation ACN 007 457 141 and its associated entities Tim Hartin - Company Secretary, Westpac Banking Corporation - 16/12/2016 Sales & Purchases for the period : 30/11/2016 to 14/12/2016
SECURITY: MQA
Advance Asset Management Limited
Date	Registered Company	Nature of Change	Quantity	Consideration	Class of Securities	Person's votes affected
13/12/2016	HSBC Custody Nominees (Australia) Limited.	Purchase	95,744	462,443.52	STAPLED SECURITIES	95,744
13/12/2016	HSBC Custody Nominees (Australia) Limited.	Sale	-64,424	-306,658.24	STAPLED SECURITIES	64,424
Total	31,320	155,785.28
Advance Asset Management Limited Total :	31,320	155,785.28
Asgard Capital Management Limited
Date	Registered Company	Nature of Change	Quantity	Consideration	Class of Securities	Person's votes affected
30/11/2016	Asgard Capital Management Limited	Purchase	865	3,996.30	STAPLED SECURITIES	865
1/12/2016	Asgard Capital Management Limited	Sale	-280	-1,290.80	STAPLED SECURITIES	280
2/12/2016	Asgard Capital Management Limited	Purchase	878	4,126.60	STAPLED SECURITIES	878
Total	1,463	6,832.10
Asgard Capital Management Limited Total :	1,463	6,832.10
BT Funds Management Limited
Date	Registered Company	Nature of Change	Quantity	Consideration	Class of Securities	Person's votes affected
8/12/2016	Asgard Capital Management Limited	Sale	-2,000	-9,100.00	STAPLED SECURITIES	2,000
9/12/2016	Asgard Capital Management Limited	Sale	-2,000	-9,640.00	STAPLED SECURITIES	2,000
12/12/2016	Asgard Capital Management Limited	Sale	-2,000	-9,640.00	STAPLED SECURITIES	2,000
Total	-6,000	-28,380.00
Date	Registered Company	Nature of Change	Quantity	Consideration	Class of Securities	Person's votes affected
30/11/2016	BT Portfolio Services Limited	Purchase	470	2,206.65	STAPLED SECURITIES	470
5/12/2016	BT Portfolio Services Limited	Purchase	6,613	29,972.10	STAPLED SECURITIES	6,613
5/12/2016	BT Portfolio Services Limited	Purchase	4,363	19,953.31	STAPLED SECURITIES	4,363
6/12/2016	BT Portfolio Services Limited	Purchase	1,000	4,650.00	STAPLED SECURITIES	1,000
7/12/2016	BT Portfolio Services Limited	Purchase	4,372	20,057.86	STAPLED SECURITIES	4,372
8/12/2016	BT Portfolio Services Limited	Purchase	780	3,650.40	STAPLED SECURITIES	780
8/12/2016	BT Portfolio Services Limited	Sale	-780	-3,650.40	STAPLED SECURITIES	780
12/12/2016	BT Portfolio Services Limited	Sale	-1,000	-4,640.20	STAPLED SECURITIES	1,000
Total	15,818	72,199.72
Date	Registered Company	Nature of Change	Quantity	Consideration	Class of Securities	Person's votes affected
13/12/2016	HSBC Custody Nominees (Australia) Limited.	Purchase	20,728	98,665.28	STAPLED SECURITIES	20,728
13/12/2016	HSBC Custody Nominees (Australia) Limited.	Purchase	240	1,142.40	STAPLED 240 Page 4 of 14