National Australia Bank : Dividend/Distribution - NABPE

Notification of dividend / distribution

Announcement Summary

Entity name

NATIONAL AUSTRALIA BANK LIMITED

Security on which the Distribution will be paid

NABPE - CAP NOTE 3-BBSW+2.20%20-09-28 CUM RED T-09-23

Announcement Type

New announcement

Date of this announcement

Monday December 21, 2020

Distribution Amount

AUD 0.55190000

Ex Date

Thursday March 11, 2021

Record Date

Friday March 12, 2021

Payment Date

Monday March 22, 2021

Additional Information

Interest paid on the NAB Subordinated Notes 2 is not franked.

The Interest Rate equates to an interest amount of $0.5519 in respect of each NAB Subordinated Note 2.

The Interest Rate was determined using the following formula:

Bank Bill Rate + Margin

Bank Bill Rate: 3 month Bank Bill Rate on 21 December 2020: 0.0138% per annum

Plus Margin: 2.2000% per annum

Equals Interest Rate: 2.2138% per annum

Interest Rate: 2.2138% per annum

Multiplied by Face Value: $100 per NAB Subordinated Note 2

Multiplied by days in Interest Period: 91 days from 21 December 2020 to (but not including) 22 March 2021 Divided by 365

For further information, please visit:http://www.nab.com.au/nab-subordinated-notes-2-prospectus.html

Refer to below for full details of the announcement

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Notification of dividend / distribution

Announcement Details

Part 1 - Entity and announcement details

1.1 Name of +Entity

NATIONAL AUSTRALIA BANK LIMITED

1.2	Registered Number Type	Registration Number
ABN	12004044937
1.3	ASX issuer code
NAB

1. The announcement isNew announcement
2. Date of this announcement

Monday December 21, 2020

1.6 ASX +Security Code

NABPE

ASX +Security Description

CAP NOTE 3-BBSW+2.20%20-09-28 CUM RED T-09-23

Part 2A - All dividends/distributions basic details

2A.1 Type of dividend/distribution

Ordinary

2A.2 The Dividend/distribution:

relates to a period of one quarter

2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)

Sunday March 21, 2021

2A.4 +Record Date

Friday March 12, 2021

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2A.5 Ex Date

Thursday March 11, 2021

2A.6 Payment Date

Monday March 22, 2021

2A.7 Are any of the below approvals required for the dividend/distribution before business day 0 of the timetable?

Security holder approval

Court approval

Lodgement of court order with +ASIC

ACCC approval

FIRB approval

Another approval/condition external to the entity required before business day 0 of the timetable for the dividend/distribution.

No

2A.8 Currency in which the dividend/distribution is made ("primary currency")

AUD - Australian Dollar

2A.9 Total dividend/distribution payment amount per +security (in primary currency) for all dividends/distributions notified in this form

AUD 0.55190000

2A.10 Does the entity have arrangements relating to the currency in which the dividend/distribution is paid to securityholders that it wishes to disclose to the market? No

2A.11 Does the entity have a securities plan for dividends/distributions on this +security?

We do not have a securities plan for dividends/distributions on this security

2A.12 Does the +entity have tax component information apart from franking?

No

Part 3A - Ordinary dividend/distribution

3A.1 Is the ordinary dividend/distribution estimated at this time?

No

3A.1b Ordinary Dividend/distribution amount per security

AUD 0.55190000

3A.2 Is the ordinary dividend/distribution franked? No

Estimated or Actual?

Actual

3A.1a Ordinary dividend/distribution estimated amount per +security

AUD

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3A.3 Percentage of ordinary dividend/distribution that is franked

0.0000 %

3A.4 Ordinary dividend/distribution franked amount per +security

AUD 0.00000000

3A.6 Ordinary dividend/distribution unfranked amount per +security excluding conduit foreign income amount

AUD 0.00000000

3A.7 Ordinary dividend/distribution conduit foreign income amount per security

AUD 0.00000000

3A.5 Percentage amount of dividend which is unfranked

0.0000 %

Part 3D - Preference +security distribution rate details
3D.1	Start date of payment period	3D.2 End date of payment period
Monday December 21, 2020	Sunday March 21, 2021
3D.3	Date dividend/distribution rate is set (optional)
3D.5	Number of days in the dividend/distribution period
91

3D.6 Dividend/distribution base rate (pa)

0.0138 %

3D.7 Comments on how dividend/distribution base rate is set

3 month Bank Bill Rate as at 21 December 2020 of 0.0138% p.a.

3D.8 Dividend/distribution margin

2.2000 %

3D.9 Comments on how dividend/distribution margin is set

The Margin was determined by the Bookbuild and is 2.2000% p.a.

3D.10 Any other rate / multiplier used in calculating dividend/distribution rate

%

3D.11 Comments on how other rate used in calculating dividend/distribution rate is set

3D.12 Total dividend/distribution rate for the period (pa)

2.2138 %

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3D.13 Comment on how total distribution rate is set

3 month Bank Bill Rate set on 21 December 2020: 0.0138% p.a.

Plus Margin:	2.2000% p.a.
Total:	2.2138% p.a.

Part 5 - Further information

5.1 Please provide any further information applicable to this dividend/distribution

The Record Date for NAB Subordinated Notes 2 (ASX code: NABPE) is normally 8 days before the Payment Date (or as otherwise described by the ASX Listing Rules) but in this case, it has been brought forward to Friday

12 March 2021 as it would otherwise have fallen on a non-business day.

5.2 Additional information for inclusion in the Announcement Summary

Interest paid on the NAB Subordinated Notes 2 is not franked.

The Interest Rate equates to an interest amount of $0.5519 in respect of each NAB Subordinated Note 2.

The Interest Rate was determined using the following formula:

Bank Bill Rate + Margin

Bank Bill Rate: 3 month Bank Bill Rate on 21 December 2020: 0.0138% per annum

Plus Margin: 2.2000% per annum

Equals Interest Rate: 2.2138% per annum

Interest Rate: 2.2138% per annum

Multiplied by Face Value: $100 per NAB Subordinated Note 2

Multiplied by days in Interest Period: 91 days from 21 December 2020 to (but not including) 22 March 2021 Divided by 365

For further information, please visit:http://www.nab.com.au/nab-subordinated-notes-2-prospectus.html

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