National Australia Bank Announces Completion of Tender Offer

NEW YORK and SYDNEY, Nov. 8, 2012 /PRNewswire/ -- National Australia Bank Limited (ABN 12 004 044 937) ("NAB") announced today that it had completed its previously announced cash tender offer for any and all of its 3.375% Guaranteed Senior Notes due July 8, 2014 outstanding in an aggregate principal amount of US$1.0 billion (the "Fixed Rate Notes") and any and all of its Floating Rate Guaranteed Senior Notes due July 8, 2014 outstanding in an aggregate principal amount of US$1.75 billion (the "Floating Rate Notes" and, together with the Fixed Rate Notes, the "Notes").  The tender offer expired at 5:00pm, New York City time, on November 7, 2012 (the "Expiration Time").  

Based on the final tabulation provided by D.F. King & Co., Inc., the tender agent and information agent for the tender offer, the aggregate principal amount of Notes that were validly tendered and not validly withdrawn prior to the Expiration Time was approximately US$1.66 billion.

NAB has accepted for purchase all Notes validly tendered and not validly withdrawn prior to the Expiration Time, with settlement to occur on Friday, November 9, 2012 (NY).  Following the settlement of the tender offer, the outstanding principal amounts of the Notes will be:

• Fixed Rate Notes:  US$320,518,000
• Floating Rate Notes:  US$765,256,000

HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and nabSecurities, LLC served as global dealer managers and D.F. King & Co., Inc. served as the tender agent and information agent for the tender offer.

SOURCE National Australia Bank Limited