Dividend Information
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Dividend Package Booklet National Australia Bank provides its shareholders with a range of options when it comes to receiving dividends. The Dividend Package booklet sets out the features of the Dividend Package and the terms and conditions, to help you decide on what is the best option for you. 2010 Interim Dividend Dividend Reinvestment Plan (DRP)
United States shareholders are not able to participate in the DRP, including where shares are held in a broker's clearing account or by a trustee or nominee. The issue price for ordinary shares under the Company's DRP in respect of the 2010 interim dividend will be set on Tuesday, 22 June 2010. Shares will be allocated at a price equal to the arithmetic average of the daily volume weighted average price during the 7 trading days from 11 June 2010 to 22 June 2010 inclusive. Please note that the Queen's Birthday public holiday is an Australian Securities Exchange (ASX) non-trading day. Bonus Share Plan (BSP) The BSP has been closed to new participants effective from 10 May 2007. Cash Dividend If you are not presently in a plan you will automatically receive $AUD cash dividends.
As an alternative to cash dividends, shareholders may elect to participate in one or more of the following dividend alternatives. Full details of these alternatives may be obtained by contacting NAB's Share Registry on 1300 367 647 (Australia) or +61 3 9415 4299 (outside Australia). Dividend Reinvestment Plan The Dividend Reinvestment Plan (DRP) enables shareholders to use cash dividends for the purchase of additional fully paid ordinary shares. Shares are issued under the DRP at the Current Market Price. (The 'Current Market Price' means, for any Dividend the arithmetic average of the Volume Weighted Average Price (VWAP) during the seven Trading Days commencing on the Trading Day after the Record Date for that dividend (or such other date as specified by the Directors), or any other period specified by the Directors and as announced to the market through the Australian Securities Exchange Limited's company announcements platform, calculated to two decimal places. No brokerage or commission is payable on shares issued under the Dividend Reinvestment Plan. Eligibility However, shareholders in some countries may not be able to participate because of legal and administrative requirements in their country. The Directors of National Australia Bank have the discretion to determine whether any such shareholders are excluded from the DRP. For example, the Directors have determined that United States shareholders are currently not able to participate, including where shares are held in a broker's clearing account or by a trustee or nominee. Number of shares that can participate
The Directors of National Australia Bank can change or remove this limit from time to time. If you maintain a broker's clearing account or act as trustee or nominee for other persons and wish to participate in the Dividend Reinvestment Plan in excess of 15,000 NAB shares in aggregate you must complete the Statutory Declaration, and forward this together with Dividend Nomination Advice to NAB's Share Registry. Unless a correctly completed Statutory Declaration is received, your holding participation in the Dividend Reinvestment Plan will be limited to 15,000 NAB shares.
United Kingdom Dividend Plan The United Kingdom Dividend Plan (UKDP) allows dividends to be received from a United Kingdom subsidiary and paid in Pounds Sterling rather than in Australian dollars. Participation in the Dividend Re-investment Plan is also possible.
New Zealand Dollar Currency Payments Shareholders who wish to receive their dividends in New Zealand currency may do so, provided it is deposited directly into an account at a bank in New Zealand. Please be aware that the variable exchange rates which apply between Australia and New Zealand, will require the relevant rate to be set in advance of the payment date. The conversion rate will be at a rate as determined on the Record Date for determination of dividend entitlements. United States Dollar Currency Payments Shareholders who wish to receive their dividends in United States currency may do so, provided it is deposited directly into an account at a bank in the United States. Please be aware that the variable exchange rates which apply between Australia and the United States, will require the relevant rate to be set in advance of the payment date. The conversion rate will be at a rate as determined on the Record Date for determination of dividend entitlements. |
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