National Australia Bank Announces Completion of Tender Offer

         National Australia Bank Announces Completion of Tender Offer

PR Newswire

NEW YORK and SYDNEY, Nov. 8, 2012

NEW YORK and SYDNEY, Nov. 8, 2012 /PRNewswire/ -- National Australia Bank
Limited (ABN 12 004 044 937) ("NAB") announced today that it had completed its
previously announced cash tender offer for any and all of its 3.375%
Guaranteed Senior Notes due July 8, 2014 outstanding in an aggregate principal
amount of US$1.0 billion (the "Fixed Rate Notes") and any and all of its
Floating Rate Guaranteed Senior Notes due July8, 2014 outstanding in an
aggregate principal amount of US$1.75 billion (the "Floating Rate Notes" and,
together with the Fixed Rate Notes, the "Notes"). The tender offer expired at
5:00pm, New York City time, on November 7, 2012 (the "Expiration Time"). 

Based on the final tabulation provided by D.F. King & Co., Inc., the tender
agent and information agent for the tender offer, the aggregate principal
amount of Notes that were validly tendered and not validly withdrawn prior to
the Expiration Time was approximately US$1.66billion.

NAB has accepted for purchase all Notes validly tendered and not validly
withdrawn prior to the Expiration Time, with settlement to occur on Friday,
November 9, 2012 (NY). Following the settlement of the tender offer, the
outstanding principal amounts of the Notes will be:

  oFixed Rate Notes: US$320,518,000
  oFloating Rate Notes:US$765,256,000

HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and nabSecurities, LLC
served as global dealer managers and D.F. King & Co., Inc. served as the
tender agent and information agent for the tender offer.

SOURCE National Australia Bank Limited

Contact: Kristian Klein, +1-212-269-5550
 
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