ASX Announcement - National's Board Establishes Committee to Manage EGM - 2 April 2004

The Board of Directors of the National Australia Bank has approved the formation of a committee to manage the proposed Extraordinary General Meeting and consider resolutions submitted by Mrs Catherine Walter.

The National's Board, which met in Sydney today, agreed that the committee would comprise at least two non-executive Directors of subsidiary Boards of the National and two senior executives of the National.

The members of the committee include:

• Sir David Fell, the Chairman of the National Irish Bank and Northern Bank
• Mr Kerry McDonald, Chairman of Bank of New Zealand
• Mr John Moule, a Director of National Wealth Management Holdings
• Mr John Stewart, the National's Managing Director and Chief Executive; and
• Mr Garry Nolan, the Company Secretary of the National

The committee will meet next week to: determine the date of the proposed EGM and finalise the Notice of Meeting for the EGM including the resolutions to be considered by shareholders at the EGM.

The committee will consider legal advice on the resolutions submitted by Mrs Walter before reaching a final decision.

For further information:

Brandon Phillips
Group Manager
Group Corporate Relations
03 8641 3857 work 
0419 369 058 mobile