ABOUT THIS REPORT

This Annual Review includes financial summaries and information derived from the Company’s 2010 Annual Financial Report and 2010 Full Year Results Announcement. This document is not a concise report prepared under section 314(2) of the Corporations Act 2001. The Company has not prepared a concise report for the 2010 financial year. All figures quoted are in Australian dollars unless otherwise stated. A reference to ‘$’ is to an amount in Australian dollars and a reference to ‘£’ is to an amount in British pounds sterling. References to ‘nab’, ‘NAB’, the ‘National’, ‘National Australia Bank’ or the ‘Company’ are to National Australia Bank Limited ABN 12 004 044 937. The ‘Group’ refers to the National Australia Bank Limited and its controlled entities. All references are as at 30 September 2010 except where stated otherwise. Any references to changes (including an increase or decrease) relate to the previous year, unless otherwise stated.