National Australia Bank Acquires Strategic Interest in AMP - 28 August 2003

The National Australia Bank has acquired 34.3 million shares in AMP at $6.00 per share, taking its relevant interest in the company to 5.4 per cent.

The Managing Director and Chief Executive Officer of the National, Mr Frank Cicutto, said: "This is a strategic investment for the National.

"We await the detailed information to be provided in AMP's demerger documents.

"The National has no interest in acquiring AMP while AMP owns its UK business."