Repayment of NIS - Exchange Notice
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AUSTRALIA
www.nab.com.au
ASX Announcement
Repayment of National Income Securities - Exchange Notice
Following the recent approval by shareholders at National Australia Bank Limited's (NAB) 2020 Annual General Meeting, NAB has elected to repay the National Income Securities (NIS) (ASX Code: NABHA) issued by NAB in 1999. If not repaid, these securities will cease to be eligible to be treated as Tier 1 regulatory capital from 1 January 2022.
This announcement contains a notice (referred to in the terms of the NIS as an "Exchange Notice") under which NAB will repay the NIS on 15 February 2021.
As stated in the Exchange Notice, each NIS will be repaid for $100 cash, and the final interest payment will be made, on 15 February 2021.
To facilitate these final payments, holders of NIS are asked to ensure that they have provided their preferred Australian bank account details to NAB's Share Registry by no later than 5.00pm (Melbourne time) on 29 January 2021 in one of the following ways:
· Online by visiting www.computershare.com.au/easyupdate/nab;
· Email your request to nabservices@computershare.com.au;
· Telephone NAB's Share Registry on 1300 367 647 (Australia) or +61 3 9415 4299 (outside Australia); or
· By mail addressed to NAB's Share Registry, GPO Box 2333, Melbourne Victoria, 3001 Australia.
If NIS holders do not provide their bank account details, payment will be made by cheque in Australian dollars, mailed to the address appearing in the Register as at 5.00pm (Melbourne time) on 29 January 2021.
For further information:
For enquiries about the repayment of the NIS or to provide updated bank account details, please contact NAB's Share Registry on 1300 367 647 (within Australia) or +61 3 9415 4299 (outside Australia) (8.00am-6.00pm, Melbourne time, Monday to Friday).
Media
Mark Alexander Sarika Thach
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Investor Relations
Sally Mihell Sarah Stokie
M: +61 (0) 436 857 669 M: +61 (0) 477 721 489
The release of this announcement was authorised by Louise Thomson, Group Company Secretary.
http://www.rns-pdf.londonstockexchange.com/rns/6283L_1-2021-1-13.pdf
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