National Australia Bank : NAB revised comparative financial information

800 Bourke Street

Docklands VIC 3008 AUSTRALIA

www.nabgroup.com

Thursday, 20 April 2017

NAB has previously announced changes to its organisational structure as well as its Executive Leadership team effective from 1 August 2016. As a result of these announcements, the Group has changed its reporting to align to customer segments. This change has resulted in the following three new Australian reportable segments:

• Business & Private Banking, led by Angela Mentis, brings together the nabBusiness franchise with specialised Agriculture, Health, Government, Education and Community services along with Private Banking and JB Were, and small business.

• Consumer Banking & Wealth Management, led by Andrew Hagger, is responsible for the NAB Consumer Banking network, including UBank, and the distribution components of Wealth Management.

• Corporate & Institutional Banking, led by Mike Baird, is responsible for Corporate and Institutional customers and includes Fixed Income, Currencies and Commodities (FICC), Capital Financing and Asset Servicing businesses, and International Branches.

In accordance with AASB 8 Operating Segments NAB will report results for the half year ended 31 March 2017 on 4 May 2017 under this customer segment structure. As this will be the first time customer segment results are presented consistent with the organisational realignment, the accompanying financial information has been provided to show the impact of the organisational realignment on historic results for the relevant 2016 reporting periods.

The historical results presented also impact New Zealand Banking (with the inclusion of NZ Markets) and Corporate Functions (reflecting the inclusion of Australian Treasury and changed attributions consistent with the organisational realignment). There is no change to Group level financial information reported for the prior financial periods as a result of the organisational realignment to customer segments.

For further information:

Mark Alexander Chris Owens

M: +61 (0) 412 171 447 M: +61 (0) 409 945 476

National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686

Ross Brown Natalie Coombe

M: +61 (0) 417 483 549 M: +61 (0) 477 327 540

NOTE ON CASH EARNINGS

This comparative financial information pack is intended to be read in conjunction with the 30 September 2016 Results Announcement. Full details on how cash earnings is defined, a discussion of non-cash earnings items and a full reconciliation of statutory net profit attributable to owners for the period ended 30 September 2016 is set out on pages 2 to 8 of the 2016 Full Year Results Announcement under the heading "Profit Reconciliation".