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ASX Announcement - Sale of Shareholdings - 28 January 2004
The National Australia Bank confirms the following details of the sale of its shareholdings in St George Bank, AMP Limited and HHG Plc.
| Number of Shares (millions) | Gross proceeds (A$M) | |
| St George Bank | 39.50 | 751.3 |
| St George Bank PRYMES | 0.15 | 16.1 |
| AMP Limited | 42.0 | 189.0 |
| HHG Plc | 35.0 | 36.8 |
The gross proceeds from the sale are A$993.2 million and the net profit after tax from the sale of the shareholdings is A$322 million.
The St George PRYMES and the AMP and HHG shareholdings were sold in block trades to Merrill Lynch. The St George shares were sold in an overnight book-build which was fully underwritten by Merrill Lynch.
For further information:
Brandon Phillips
Group Manager
Group Corporate Relations
03 8641 3857 work
0419 369 058 mobile