Annual General Meeting Resolutions 2003

At the Annual General Meeting of National Australia Bank Limited (the National) held on Friday, 19 December 2003 the resolutions put to the General Meeting were decided as set out below.  No items of business were amended or withdrawn.

Resolution 3: Re-Election and election of Directors of the Company

The votes were decided on a poll, the results of which were as follows:

	For	Against
(3a) Re-election of Mr PJB Duncan	619,136,302	3,864,400
(3b) Re-election of Dr ED Tweddell	618,466,785	4,429,920
(3c) Re-election of Mrs CM Walter	615,728,292	7,527,982
(3d) Election of Mr JM Stewart	614,827,386	7,249,586
(3e) Election of Mr JG Thorn	619,735,822	3,103,843

Accordingly,

Mr PJB Duncan was re-elected a Director of the National;
Dr ED Tweddell was re-elected a Director of the National;
Mrs CM Walter was re-elected a Director of the National;
Mr JM Stewart was elected a Director of the National; and
Mr JG Thorn was elected a Director of the National.

Resolution 4: Shares, options and performance rights - Managing Director National Australia Group Europe Limited

The vote was decided on a poll, the results of which were as follows:

	For	Against
Votes	564,450,426	49,121,833

The resolution was passed as an ordinary resolution

Resolution 5: Shares, options and performance rights - Managing Director & Chief Executive Officer

The vote was decided on a poll, the results of which were as follows:

	For	Against
Votes	507,915,074	94,273,617

The resolution was passed as an ordinary resolution

Resolution 6: Non-executive Directors' retirement benefits scheme - Discontinuation

The vote was decided on a poll, the results of which were as follows:

	For	Against
Votes	582,730,742	10,473,739

The resolution was passed as an ordinary resolution

Resolution 7: Non-executive Directors' remuneration

The vote was decided on a poll, the results of which were as follows:

	For	Against
Votes	562,573,334	44,894,362

The resolution was passed as an ordinary resolution

Resolution 8: Non-executive Directors' Share Plan

	For	Against
Votes	585,690,541	23,981,372

The resolution was passed as an ordinary resolution

Resolution 9: Approval to the selective buy-back arrangements relating to Preference Shares associated with the TrUEPrS

	For	Against
Votes	616,710,922	4,147,422

The resolution was passed as a special resolution