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The National Australia Bank Limited American Depository Receipt (ADR) program with the Bank of New York Mellon was re-opened for issuance with effect from 25 February 2008.
The program is a level 1 sponsored program that operates on the Pink Sheets electronic platform where the ADRs can be traded.
With effect from 26 March 2008, the current ratio on ADRs will change from one American Depository Share (ADS) representing 5 Ordinary Shares to one ADS representing one Ordinary Share. Bank of New York Mellon has agreed to waive the issuance fees from this date through to Friday 23 May 2008.
On 26 March 2008, the ratio of deposit receipts to Ordinary Shares will change from 1:5 to 1:1.
No action is required by existing ADR holders. If holders do not want to receive new ADRs as a result of the ratio change, they may either sell their ADRs on the Over-the-Counter market or cancel their ADRs and take delivery of Ordinary Shares prior to the ratio change.
There will be no change in NAB's ticker symbol (NABZY).
Following are the trading particulars of NAB's ADRs:
| DR Symbol |
NABZY |
| CUSIP |
632525408 |
| DR Exchange |
OTC |
| Country |
Australia |
For any queries in respect of the National Australia Bank Limited ADR program, please contact:
Violet Pagan
Bank of New York Mellon Issuer Services
Phone: 212 815 2276
Email: violet.pagan@bnymellon.com
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