ASX Announcement - Purchase of Shares On-Market for Employee Share Plans - 6 November 2006

As announced on Friday 3 November 2006, National Australia Bank intends to neutralise the capital impact of various share issues including its obligations under the NAB Staff Share Ownership Plan.

National Australia Trustees Limited has appointed UBS as its broker to purchase up to approximately $65 million worth of NAB shares on-market under this Plan.

Purchases will commence today and end prior to close on Thursday 9 November 2006. If insufficient shares are purchased on-market, the balance will be issued by National Australia Bank Limited.

The provision of shares under the NAB Staff Share Ownership Plan was approved by shareholders at the January 2006 AGM. None of the shares purchased on-market will be used to provide shares to directors.

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