MacroShares Year-End Tax Information

MacroShares are publicy-traded partnerships. Income derived from your MacroShares investment
and distributions will be reported to you on a Schedule K-1. The income is generally expected to
be exempt from state and local income tax. Gains or losses on sales of shares are treated as
capital gains or losses, with long-term capital gains treatment potentially available. However,
you should always consult your tax advisor to understand your specific tax situation.

Shareholders will receive their Schedule K-1s for tax purposes from Macro Securities
Depositor’s tax support agent. K-1 forms are scheduled to be mailed to shareholders the week
of March 31, 2008.