ASX Announcement - Homeside class action dismissed in the United States

The National Australia Bank Limited today announced that a United States federal court in New York has dismissed a proposed class action relating to disclosure made prior to September 2001 concerning the valuation of mortgage servicing rights held by HomeSide US (HomeSide was sold in October 2002).

 The US District Court for the Southern District of New York ruled yesterday it had no jurisdiction over claims made on behalf of NAB ordinary shareholders.

The court also dismissed a claim by a holder of NAB American depositary receipts on the ground the holder did not suffer damages under the US federal securities laws.

For further information:

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

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