Nat.Australia Bank 40HT Conversion of Hybrid Tier 1 Securities

  Nat.Australia Bank (40HT) - Conversion of Hybrid Tier 1 Securities

RNS Number : 0483M
National Australia Bank Ld
12 September 2012


Wednesday, 12 September 2012





ISSUE OF SHARES RELATING TO THE CONVERSION OF HYBRID TIER 1 SECURITIES



Following its announcement on 15 August 2012, National Australia Bank  Limited 
("NAB") has today issued 23,998,944 NAB ordinary shares ("Shares") to Deutsche
Bank AG. The number of Shares provided  on conversion of the A$300 million  of 
Tier 1 Convertible Notes  and A$300 million of  Tier 1 Stapled Securities  was 
based on a volume weighted  average share price of  $25.0512, to which a  0.2% 
discount was applied.



In accordance with sub-section 708A(5) of the Corporations Act 2001 (Cth) (the
"Act"), NAB gives notice as follows:



1. The Shares were issued without disclosure to investors under Part 6D.2 of
the Act.



2. This notice is being  given under paragraph 5(e)  of section 708A of  the 
Act.



3. As at the date of this notice, NAB has complied with:



a. the provisions of Chapter 2M of the Act as they apply to NAB; and

b. section 674 of the Act.



4. As at the date  of this notice, there  is no excluded information  within 
the meaning of sections 708A(7) and 708A(8) of the Act.





Michaela Healey

Company Secretary







NOT FOR RELEASE, PUBLICATION OR  DISTRIBUTION IN WHOLE OR  IN PART IN OR  INTO 
THE U.S.



This statement does not  constitute an offer of  any securities for sale.  The 
securities offered have  not been and  will not be  registered under the  U.S. 
Securities Act of 1933  and may not  be offered or sold  in the United  States 
absent  registration  or  an   applicable  exemption  from  the   registration 
requirements.



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

END


CONDXGDCCBBBGDB -0- Sep/12/2012 06:00 GMT
 
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