Nat.Australia Bank

Appendix 3E- Buyback

National Australia Bank Ld
11 December 2006

Appendix 3E

                          Daily share buy-back notice

                      (except minimum holding buy-back and
                              selective buy-back)

Information and documents given to ASX become ASX's property and may be made

Name of entity                                                  ABN
National Australia Bank Limited                                 12 004 044 937

We (the entity) give ASX the following information.

Information about buy-back

1      Type of buy-back                                         On market

2      Date Appendix 3C was given to ASX                        3 November 2006

Total of all shares bought back, or in relation to which acceptances have been
received, before, and on, previous day

                                                  Before previous day              Previous day

  3     Number of shares bought back or if             3,182,656                     330,000
        buy-back is an equal access scheme,
       in relation to which acceptances have
                   been received

  4     Total consideration paid or payable         $123,242,559                 $12,817,091
                  for the shares

                                             Before previous day           Previous day

5      If buy-back is an on-market buy-back  highest price paid: $39.22    highest price paid: $39.00

                                             date: 30 -Nov 06

                                             lowest price paid: $37.87     lowest price paid: $38.58

                                             date:  29 Nov 06

                                                                           highest price allowed under
                                                                           rule 7.33: $40.60

Participation by directors

6      Deleted 30/9/2001.

How many shares may still be bought back?

7      If the company has disclosed an          Up to a maximum total consideration of A$363,940,350
       intention to buy back a maximum
       number of shares - the remaining
       number of shares to be bought back

Compliance statement

1.  The company is in compliance with all Corporations Act
    requirements relevant to this buy-back.

2.  There is no information that the listing rules require to be
    disclosed that has not already been disclosed, or is not contained in, or
    attached to, this form.

Sign here:
Date: 12 Dec 06

Print name:

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