National Australia Bank : Dividend/Distribution - NABPC

Notification of dividend / distribution

Announcement Summary

Entity name

NATIONAL AUSTRALIA BANK LIMITED

Security on which the Distribution will be paid

NABPC - CAP NOTE 3-BBSW+3.50% PERP NON-CUM RED T-03-20

Announcement Type

New announcement

Date of this announcement

Monday December 23, 2019

Distribution Amount

$ 0.77180000

Ex Date

Thursday March 12, 2020

Record Date

Friday March 13, 2020

Payment Date

Monday March 23, 2020

Additional Information

URL link to a copy of the prospectus or further information about the security: www.nab.com.au/nab-capital-notes-prospectus

Refer to below for full details of the announcement

Notification of dividend / distribution

1 / 5

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 23, 2019

1.6 ASX +Security Code

NABPC

ASX +Security Description

CAP NOTE 3-BBSW+3.50% PERP NON-CUM RED T-03-20

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 22, 2020

2A.4 +Record Date

Friday March 13, 2020

Notification of dividend / distribution

2 / 5

Notification of dividend / distribution

2A.5 Ex Date

Thursday March 12, 2020

2A.6 Payment Date

Monday March 23, 2020

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

$ 0.77180000

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

$ 0.77180000

Estimated or Actual?

Actual

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

$

3A.2 Is the ordinary dividend/distribution franked? Yes

3A.2a Is the ordinary dividend/distribution fully franked? Yes

Notification of dividend / distribution

3 / 5

Notification of dividend / distribution

3A.3 Percentage of ordinary dividend/distribution that is	3A.3a Applicable corporate tax rate for franking credit
franked	(%)
100.0000 %	30.0000 %

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

$ 0.77180000

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

$ 0.00000000

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

$ 0.00000000

Part 3D - Preference +security distribution rate details

3A.5 Percentage amount of dividend which is unfranked

0.0000 %

3D.1	Start date of payment period	3D.2 End date of payment period
Monday December 23, 2019	Sunday March 22, 2020
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)

0.9221 %

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

3 month Bank Bill Rate as at 23 December 2019.

3D.8 Dividend/distribution margin

3.5000 %

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

Margin is 3.5000% as determined under the Bookbuild.

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

-1.3266 %

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)

3.0955 %

Notification of dividend / distribution

4 / 5

Notification of dividend / distribution

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

The Distribution Rate was determined using the following formula: (Bank Bill Rate + Margin) x (1 - Tax Rate)

3 month Bank Bill Rate on 23 December 2019: 0.9221% p.a.

Plus Margin:	3.5000% p.a.
Total:	4.4221% p.a.
Multiplied by (1 - Tax Rate)	0.70
Distribution Rate:	3.0955% p.a.

Distribution per NAB Capital Note of AUD 0.7718 was calculated using the following formula:

Distribution Rate: 3.0955% per annum

Multiplied by Face Value: AUD 100 per NAB Capital Note

Multiplied by days in Distribution Period: 91 days from (and including) 23 December 2019 to (but not including) 23 March 2020 divided by 365

Part 5 - Further information

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

The Record Date for NAB Capital Notes (NABPC) is normally 8 calendar days before the Payment Date (or as otherwise prescribed by the ASX Listing Rules) but in this case, it has been brought forward to Friday 13 March 2020 as it would have otherwise fallen on a non-business day.

5.2 Additional information for inclusion in the Announcement Summary

URL link to a copy of the prospectus or further information about the security:

www.nab.com.au/nab-capital-notes-prospectus

Notification of dividend / distribution

5 / 5