National Australia Bank Bond IPO

FI NEW ISSUE ALERT
ISSUER:                                   National Australia Bank Limited,
                                                acting through its New York Branch (the “Branch”)
TICKER:                                   NAB
EXP. RATINGS:                       Aa2 / AA- (Negative / Negative)
FORMAT:                               3(a)2 Exempt Notes
SECURITY:                              Senior Unsecured Notes
SIZE:                                        US$ Benchmark
MATURITIES:                         10 January 2020 (3-year Fixed),
                                                10 January 2022 (5-year Fixed)
IPTs:                                        T + 90 area (2.39%), T + 100 area (2.96%)
SETTLEMENT:                        10 January 2017, T+4
MATURITIES:                         10 January 2020 (3-year Floating),
                                                10 January 2022 (5-year Floating),
                                                10 January 2027 (10-year Fixed)
IPT:                                         3m$L equivalent (3Y- (3ML+139) and 5Y- (3ML+196) Floating) and
                                                T + 120 area (10-year 3.67% Fixed)
SETTLEMENT:                        10 January 2017, T+4
USE OF PROCEEDS:              General Corporate Purposes
DENOMS:                               US$250K x US$1K
ACTIVE BOOKS:                     Citi, MS, nabSecurities, RBC