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Nat.Australia Bank (NAB)

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Tuesday 29 August, 2006

Nat.Australia Bank

NAB Comment on NOHC Structure

National Australia Bank Ld
28 August 2006

Monday, 28 August 2006

National Australia Bank comment on Non-Operating Holding Company structure

National Australia Bank continues to consider a range of options to optimize its
corporate structure to best support the bank's operations domestically and 

A non-operating holding company structure is one of the options being considered
in response to the changingregulatory environment and its impact on capital and 
for future flexibility to deliver shareholder value.

The National Australia Bank is participating in industry-wide consultation with
regulators in relation to the matter.

The non-operating holding company structure is widely used in global banking,
and the potential application and benefits of this structure were included 
in the recommendations of the Wallis inquiry.

Any such company would continue to be regulated by the Australian Prudential
Regulation Authority (APRA).

Consideration of various structural options involves a range of complex issues,
the analysis, and any subsequent decision on a particular path, are expected
to take some time to complete. Once any proposal is sufficiently advanced 
stakeholders will be consulted.

As part of any structural review process, National Australia Bank remains
committed to retaining the existing level of credit ratings for the Group.

For further information:

Brandon Phillips                                       Hany Messieh

Group Manager, External Relations                      Head of Investor Relations

T  03 8641 3857                                        T  03 8641 2312

M  0419 369 058                                        M  0414 446 876

                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                                                                                                                                                   

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