National Australia Bank acquires stake in Cash Services Australia - 22 December 2005

Thursday, 22 December 2005

The National Australia Bank (NAB) announced today that it has acquired a 25 per cent equity stake in Cash Services Australia, a joint venture with the Commonwealth Bank of Australia, Westpac and ANZ.

NAB Chief Operating Officer, Retail Banking Australia Jeremy Dean stated, "Joining Cash Services Australia is a great strategic opportunity for NAB."

"Our intention in joining Cash Services Australia, is to explore opportunities and positively influence efficiencies and innovation across the cash industry, which will ultimately deliver better outcomes for our customers."

NAB joins Cash Services Australia effective from 22 December 2005 .

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For all media enquiries please contact:
Mikala Sabin, Corporate Affairs
National Australia Bank
Phone: 03 8634 1572
Mobile: 0404 863 976
Email: mikala_sabin@nab.com.au

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