Macro Enterprises Inc.
TSX VENTURE : MCR

Macro Enterprises Inc.

March 23, 2007 16:05 ET

Macro Enterprises Inc.: Dividend Declared on Class A Preference Shares

CALGARY, ALBERTA--(CCNMatthews - March 23, 2007) - Macro Enterprises Inc. (the "Company") (TSX VENTURE:MCR) announces that it has declared a dividend of $15.49 per share on its Class A Convertible Preference shares (the "Preference Shares"), payable on March 31, 2007 to the holders of record at the close of business on March 20, 2007. An aggregate dividend amount of $100,685 will be paid on the 6,500 Preference Shares currently outstanding.

On January 30, 2007, the Company issued 6,500 Preference Shares on the satisfaction of the escrow release conditions relating to its private placement offering on January 4, 2007 of 6,500 subscription receipts (the "Subscription Receipts") at a price of $1,000 per Subscription Receipt. Holders of Preference Shares are entitled to receive a cumulative cash dividend at a rate of $65.00 per annum on each Preference Share.

The Company is a Tier 1 TSX Venture Exchange issuer. The Company conducts its operations through its wholly owned subsidiary, Macro Industries Inc. The Company's core business is providing pipeline and facilities construction and maintenance services to major companies in the oil and gas industry in northeastern British Columbia and northwestern Alberta.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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