ASX Announcement - National Australia Bank Confirms It is Seeking Expressions of Interest for Its Custom Fleet Business - 23 November 2005

National Australia Bank today confirmed that it is undertaking a process to seek expressions of interest for its wholly owned fleet leasing and management business, Custom Fleet.  This process is in response to the receipt of several enquiries from interested parties in relation to Custom Fleet.

Custom Fleet is a strong business and a leading player in the vehicle fleet management and leasing industries in Australia and New Zealand.

National Australia Bank seeks to manage its business for the benefit of its shareholders, customers and staff.  Undertaking this process confirms these principles and NAB's commitment to exploring opportunities to maximize value for shareholders.  No firm decision has been made to sell the business and any decision will be made after a process that may take several months to conclude.

For further information:

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

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