Credit Suisse GP100

Please note: This offer is only open to Wholesale Clients

Key dates:   Applications close             13 June 2008
                       Initial Issue Date               19 June 2008
                       Anticipated Listing Date   25 June 2008

Note that these dates do differ slightly from those listed in the Product Disclosure Statement.
Please refer to the Change to Key Dates (PDF) notice for more information.

Minimum investment:    $45,000
Issuer: Equity Trustees Limited

Key features of GP100 - Australia:

• Five year term with the intention to offer the option to roll your investment at maturity for a further five years³
• Capital protection provided to GP100 - Australia at maturity to the value of $1.00 per unit on issue at maturity, subject to conditions¹
• Minimum investment exposure of 100% to the performance of the S&P/ASX 200 Index on day one and to maturity²
• Maximum investment exposure of 250% to the performance of the S&P/ASX 200 Index²
• Potential for semi-annual distributions 
• Daily liquidity on and off the market⁴

Further Information

For further detail on the GP100 - Australia, please refer to the Fund Product Profile (PDF).

We have attached an Product Disclosure Statement (PDS) for the offer. Investors should obtain and consider the PDS for the offer of investments in the Fund before deciding whether the investment is appropriate for them and whether to acquire units in the Fund.

Our Financial Services Guide (FSG) is also attached. This sets out NAB’s role and the fees it will receive in respect of the proposed offering. You should read the FSG in conjunction with the other information contained on this page.

1. The capital protection for GP100 - Australia will be provided by Credit Suisse International to GP100 - Australia only at maturity (year 5) and will only apply to the value of $1.00 per unit on issue at maturity. Further, like other features of the Protection Strategy, the capital protection will not be provided directly to Unit holders and will be subject to terms and conditions, including early termination events. Please refer to the Product Disclosure Statement for more information, including section 4.2 'GP100 - Australia specific risks', about the limitations on the capital protection.
2. The S&P/ASX 200 Index measures the performance of the 200 largest index eligible securities listed on the ASX by Float Adjusted Market Capitalisation (being a capitalisation measure of the largest entities which refers to the value of their securities available for public trading). The S&P/ASX 200 index referenced is a price index (i.e. dividends and distributions are not taken to be reinvested in determining the index value).
3. Investors may be provided with the opportunity to continue their investment in GP100 - Australia beyond maturity if a Rollover Proposal Notice is issued. As at the date of the Product Disclosure Statement, it is the Responsible Entity's intention to issue a Rollover Proposal Notice closer to maturity. Please see the Product Disclosure Statement for further details. It is possible that GP100 - Australia will terminate on maturity or, in exceptional circumstances, earlier.
4. The liquidity arrangements refer to on market and off market arrangements to be provided by Credit Suisse Equities (Australia) Limited and Credit Suisse, Sydney Branch, to offer to buy and sell GP100 - Australia units to and from investors, subject to terms and conditions. While there can be no assurance that an active market for trading in units in GP100 - Australia will develop on the ASX, on market liquidity will be facilitated by the appointment of a market maker (Credit Suissse Equities (Australia) Limited) and an off market limited liquidity facility will be available (from Credit Suisse, Sydney Branch), subject to terms and conditions including situations where the limited liquidity facility may not be available and the market makers obligations may not apply. After day one of trading, the amount of any bid by the market maker will be subject to a number of factors, including the net asset value of GP100 - Australia and market conditions.