Shareholder Information

Dividend History

	Dividend rate - cents per share
	Year	June	December	Total
	1992	22	23	45
	1993	24	26	50
	1994	35	39	74
	1995	40	43	83
	1996	43	44	87
	1997	45	49	94
	1998	49	53	102
	1999	54	58	112
	2000	59	64	123
	2001	67	68	135
	2002	72	75	147

National Share Price Performance
Relative to the All Ords Accumulation Index (Ex NAB)

Dividend Payment Election
The Group offers shareholders the facility to have dividends paid to an account at an Australian branch of any bank, building society or credit union, or into an account operated at a New Zealand branch of any bank. Alternatively, shareholders may elect to reinvest their dividend and receive shares in equal dollar value. Currently, the Group offers three different plans, details of which may be obtained from Shareholder Services:

	Dividend Reinvestment Plan
	Bonus Share Plan
	United Kingdom Dividend Plan

Tax File Number
Shareholders who are also Australian taxpayers may elect to advise Shareholder Services of their Tax File Number. It is not an offence if you choose not to quote your Tax File Number, however the Group will be obliged to withhold a portion of the dividend to the extent that the dividend is unfranked (at a current rate of 48.5%).

Change of Address
Shareholders are requested to advise Shareholder Services promptly in writing of any change to their registered address. A written notification signed by the shareholder(s), quoting the relevant Securityholder Reference Number (SRN) and details of the previous registered address, should be mailed to Shareholder Services.

Principal Share Register and Shareholder Services

National Australia Bank Limited
Floor 24, 500 Bourke Street
Melbourne Victoria 3000
Australia

Postal Address
GPO Box 2333
Melbourne Victoria 8060
Australia

Telephone: +61 3 8641 4200
Australian callers (local call): 1300 367 647
Facsimile: +61 3 8641 4927
E-mail: Shareholders_Centre@national.com.au
Website: www.national.com.au/shareholder
Please quote your Securityholder Reference Number (SRN) or Holder Identification Number (HIN) in all correspondence to Shareholder Services.

United Kingdom Branch Share Register
C/- Computershare Investor Services Plc
The Pavilions, Bridgwater Road Bedminster Down
Bristol BS99 7NH
United Kingdom

Telephone: +44 870 702 0000
Facsimile: +44 870 703 6101
Website: www.computershare.com

United States ADR Depositary, Transfer Agent and Registrar
The Bank of New York Depositary Receipts Division
101 Barclay Street, 22nd Floor
New York NY 10286
United States

Telephone: +1 212 815 2293
Facsimile: +1 212 571 3050, 3051, 3052
Website: www.adrbny.com

Ten largest registered shareholders of the Company as at October 18, 2002

Substantial shareholder
On August 2, 2002, the Commonwealth Bank of Australia advised that it was a substantial shareholder in the Company, holding 93,154,341 fully paid ordinary shares.

Ten largest registered National Income Security holders as at October 18, 2002

As an alternative to cash dividends, shareholders may participate in one or more of the following dividend alternatives. Full details of these alternatives may be obtained by contacting the Company's Shareholder Services. Shares offered under both the Dividend Re-investment and Bonus Share Plans are free of brokerage charges and stamp duty.

Dividend Re-investment Plan
Shareholders may use their cash dividends to buy additional shares which are issued under this plan. Under current Australian tax law, the amount of the cash dividends used to buy the Australian shares is treated as a dividend for the purposes of Australian income tax or withholding tax and carry imputation credits to the extent to which the cash dividends are franked.

Bonus share plan
Enables shareholders to receive bonus shares in lieu of cash dividends. Shares issued pursuant to this plan are not normally treated as dividends for the purposes of Australian income tax or dividend withholding tax. Consequently, these bonus shares do not carry imputation credits.

UK dividend plan
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 currency payments
Allows dividends to be directly deposited into a shareholder's New Zealand bank account in New Zealand dollars.

Share purchase plan
An offer open to registered holders of fully paid ordinary shares at the relevant record date of the dividend, to subscribe for additional shares except registered holders whose address in the Company's share register is a country whose laws or regulations in the reasonable opinion of the Board make it unlawful or impracticable for the plan to apply to them. Offers may be made under the share purchase plan twice a year and from 2002 the maximum amount which any shareholder may subscribe for has been increased to $5,000 in any consecutive twelve month period.

Annual financial report 2002
A copy of the Group's annual financial report 2002 is available to all shareholders and will be sent to shareholders without charge upon request. The annual financial report 2002 can be requested from shareholder services on 1300 367 647 (Australia only), by email at Shareholders_Centre@national.com.au, or viewed directly on the internet at www.national.com.au. A copy of the annual financial report 2002 is filed on Form 20-F with the United States Securities and Exchange Commission.

Annual general meeting
The annual general meeting will be held on December 19, 2002, at the Grand Hyatt Melbourne, 123 Collins St, Melbourne, commencing at 2.30pm.

National Australia Bank Limited

Chairman

Mr D Charles K Allen AO
MA, MSc, FTSE, FAICD

Managing Director and Chief Executive Officer

Mr Frank J Cicutto
BCom, FAIBF, FCIBS

Company Secretary

Mr Garry F Nolan
MBus, FAICD, FCIS, FAIBF, ASIA, CFTP

Registered office

24th Floor
500 Bourke Street
Melbourne Victoria 3000
Australia
Telephone: 1300 367 647

Auditors

KPMG
Chartered Accountants
161 Collins Street
Melbourne Victoria 3000
Australia

Solicitors

Mallesons Stephen Jaques
525 Collins Street
Melbourne Victoria 3000
Australia