ASX Announcement - Institutional Markets & Services Briefing - 29 August 2005

National Australia Bank's Executive General Manager, Institutional Markets & Services (IMS), Mr John Hooper, will this week update the investment community and media on the strategic focus and key initiatives for the IMS division.

Attached is a copy of the presentation that will be the basis for discussions with the investment community.  A copy is also available at www.nabgroup.com.

"We are making good progress but we are in year one of a two to three year turnaround," he said.

Mr Hooper said the key issues for IMS are to:

- simplify the business;
- deliver sustainable revenue growth;
- create the right environment for our people to excel; and
- embed ownership of effective risk practices within Institutional Markets & Services

Mr Hooper reiterated the guidance provided at the half year results announcement that IMS is expecting flat half on half earnings for the year to 30 September 2005, and potentially lower earnings in 2006 as capital is released from the business.

Click here to view IMS Investor Presentation

Please click here to listen to the IMS Media Briefing (audio - 4.6MB)

For further information contact:

Jim Stiliadis      
Corporate Affairs      
Institutional Markets & Services   
03 8641 3958 work     
0414 534 703 mobile

Hany Messieh
Group Investor Relations
03 8641 2312 work
0414 446 876 mobile