NAB Convertible Preference Shares (NAB CPS) were fully paid preference shares issued directly by NAB, and were listed on the ASX under code NABPA. The issue price for NAB CPS was $100 per NAB CPS. They were not guaranteed or secured, and were not a deposit account or any other account with NAB.

On Wednesday 20 March 2019, all CPS were mandatorily purchased for $100 per CPS and a final dividend of $1.2976 per CPS was paid to CPS holders on the record date for the final dividend, meaning that CPS holders received a cash payment of $0.9083 per CPS.

A general outline of the taxation implications for certain holders of CPS who are Australian residents for tax purposes can be found in the Australian Taxation Summary in Section Eight, subsection 5 of the NAB Capital Notes 3 Prospectus. The taxation implications of your investment in NAB CPS depend on your individual circumstances.

For more information on the NAB CPS please refer to:

Important information

1 Tax Rate means the Australian corporate tax rate applicable to the franking account of NAB on the relevant dividend payment date, currently 30%.

2 A dividend will only be paid if the directors resolve to pay it and a payment condition does not exist on the dividend payment date.

Note: the above information is not financial advice.

NAB CPS did not constitute deposit liabilities of NAB. They were not protected accounts for the purposes of the Banking Act 1959 (Cth) or any other accounts. They were not guaranteed or insured by any government, government agency or compensation scheme of the Commonwealth of Australia or any other jurisdiction, by any member of the NAB Group or by any other party.

NAB CPS have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the 'Securities Act'), or the securities laws of any state or other jurisdiction of the United States. They may not be offered, sold or resold in the United States or to, or for the account or benefit of, any "U.S. Person" (as defined in Regulation S under the Securities Act) absent registration or an applicable exemption from the registration requirements.

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