Retail Entitlement Offer

On 7 May 2015, NAB announced a fully underwritten pro rata accelerated renounceable entitlement offer of new NAB ordinary shares (with retail entitlements trading) to raise approximately $5.5 billion (“Entitlement Offer”).

The Entitlement Offer closed at 5.00pm (Melbourne time) on 1 June 2015.

The purpose of the Entitlement Offer and use of proceeds

The purpose of the Entitlement Offer was to put NAB in a strong capital position following anticipated new imposts arising from regulatory change, including the Financial System Inquiry and the proposed separation of NAB’s UK banks.

Full details of the retail component of the Entitlement Offer (“Retail Entitlement Offer”) are set out in the Retail Offer Booklet (PDF, 3.3MB). Those booklets were mailed to eligible retail shareholders on or about 18 May 2015.

For more information refer to:

Shareholder Centre