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Nat.Australia Bank (NAB)

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Monday 06 November, 2006

Nat.Australia Bank

Purchase of shares on market

National Australia Bank Ld
06 November 2006


ASX Announcement


Monday, 6 November 2006


Purchase of shares on-market for employee share plans


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                                                   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




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