Presima Wins Significant Australian Mandate

                 Presima Wins Significant Australian Mandate

  PR Newswire

  MONTREAL, April 22, 2013

MONTREAL, April 22, 2013 /PRNewswire/ --

Leading Australian wealth manager MLC announced it had awarded a significant
mandate to Montreal-based global listed real estate boutique fund manager

This is a significant mandate win for Presima, who will manage part of MLC's
global property securities strategy. The strategy is included in several MLC
funds, including the flagship MLC Horizon Series of portfolios, which have
over $27.2bn in funds under management.

Jonathan Armitage, MLC's Chief Investment Officer said, "Presima's track
record of delivering above benchmark returns over the last five years, when
most global property managers have lagged, supports our research that Presima
are a sector-leading business. Their investment approach is also highly
complementary to other managers in our global property securities strategy."

Presima's CEO Peter Zabierek said, "MLC are pioneers of the multi-manager
approach in Australia and are known for having an extremely rigorous approach
when appointing managers. MLC is also one of the largest Australian investors
in global REITs, having been one of the first Australian institutions to
invest offshore in the sector in 2005.

Being awarded this mandate is testament to the qualities of our team and the
robustness of our investment process. This is one of a number of opportunities
we currently have in the pipeline and is further evidence of our credentials
as a proven global REIT manager."

Presima is a partner boutique investment firm of nabInvest, National Australia
Bank's direct asset management business.

National Australia Bank's asset management businesses manage approximately
AU$96bn as at 31 March 2013.

Notes to editors

About Presima

Presima is a Montreal-based investment boutique that specialises in the
management of global real estate securities on behalf of institutional and
other investors. Presima is part of National Australia Bank's (NAB) direct
asset management business, nabInvest, which partners with the best of breed
investment managers, providing the strength of the NAB Group's resources.
Presima has been managing real estate securities portfolios for over 10 years.

About nabInvest

nabInvest partners with quality investment management firms, enhancing their
capabilities with the support of the NAB Group's resources. This can include
back office support and assistance with product and distribution services
along with custody and corporate governance functions. nabInvest's business
partners are Altrinsic Global Advisors, AREA Property Partners, Cambridge
Industrial Trust Management, Fairview Equity Partners, Pengana Capital,
Northward Capital, Presima Inc. and Wiltshire Capital.

For further information:

Robin Marcoux +1-514-673-1303

Australian MediaKristen Allen +61(0)412-759-753
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