Shareholder Information

You can view our report online at www.nabgroup.com or request your copy from Shareholder Services either by email at Shareholder_Services@national.com.au or by telephone on 1300 367 647 (Australia only) or +613 8641 4200.

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 (Snr)

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

	Number of shares	%
JP Morgan Nominees Australia Limited	178,406,438	11.86
National Nominees Limited	168,039,383	11.17
Westpac Custodian Nominees Limited	148,362,247	9.86
Citicorp Nominees Pty Limited	36,570,426	2.43
ANZ Nominees Limited	30,669,229	2.04
RBC Global Services Australia Nominees Pty Limited	29,605,201	1.97
AMP Life Limited	22,758,622	1.51
Queensland Investment Corporation	21,237,233	1.41
Commonwealth Custodial Services Limited	17,199,026	1.14
Cogent Nominees Pty Limited	13,204,729	0.88
	666,052,534	44.27%

Ten largest registered National Income Securities holders
as at October 17, 2003

	Number of shares	%
Westpac Custodian Nominees Limited	878,774	4.39
Citicorp Nominees Pty Limited	750,561	3.75
Australian Foundation Investment Company Limited	506,160	2.53
JP Morgan Nominees Australia Limited	473,619	2.37
AMP Life Limited	306,124	1.53
National Nominees Limited	276,482	1.38
RBC Global Services Australia Nominees Pty Limited	247,762	1.24
Tower Trust Limited	231,951	1.16
The University of Sydney	199,713	1.00
UBS Private Clients Australia Nominees Pty Ltd	193,203	0.97
	4,064,349	20.32%

As an alternative to cash dividends, shareholders may participate in one or more of the following dividend plans. Full details of these alternatives may be obtained from our website at www.nabgroup.com or by contacting Shareholder Services on +613 8641 4200. Shares offered under both the Dividend Reinvestment and Bonus Share Plans are free of brokerage costs.

Dividend Reinvestment 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 under 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 of the National and paid in Pounds Sterling rather than in Australian dollars. Participation in the Dividend Reinvestment Plan is also available.

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

Dividend history cents per share

Annual General Meeting

National Income Securities*†

Change of Address
Shareholders are required to advise Shareholders Services 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. Shareholders on the CHESS Sub-register should forward their change of address to their sponsoring broker, quoting the Holder Identification Number (HIN).

Tax File Number
Shareholders who are 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, if this number is not provided we are obliged to withhold a portion of the dividend to the extent that the dividend is unfranked (at a current rate of 48.5%).

Contact Details

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: Shareholder_Services@national.com.au
Website: www.nabgroup.com/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

Easier access at www.nabgroup.com
The Group has a new website www.nabgroup.com, designed to make it easier for you to access information about us and your shareholding.