ASX Announcement - Robert Elstone to retire as non-executive director of National Australia Bank

Following the announcement by the Australian Securities Exchange Limited and Sydney Futures Exchange Limited that Mr Robert Elstone would be appointed CEO of the merged ASX/SFE entity if the merger is approved by shareholders, Mr Elstone has advised that upon the approval of the merger he will retire from the National Australia Bank Limited Board.

Chairman of the National Australia Bank Limited, Mr Michael Chaney thanked Mr Elstone for his contribution to the Board, particularly as a member, and more recently, as the Chair of the Board's Risk Committee.

"Robert has made an outstanding contribution to the Board and has played an important part in enhancing the National Australia Bank's risk governance processes.  His experience and acumen will be missed by his fellow directors."

Mr Paul Rizzo will be appointed Chairman of the Board's Risk Committee following Mr Elstone's departure.

"Paul's extensive experience in banking and finance will continue the strong leadership of this important committee," Mr Chaney said.

For further media information:

Brandon Phillips
Group Manager, External Relations
T  03 8641 3857
M  0419 369 058

Kim Lovely
External Relations Manager
T  03 8641 4982
M  0406 035 243

Hany Messieh
Head of Investor Relations
T  03 8641 2312
M  0414 446 876