Important At Call Common Fund A1 Account Disclosure Notice

The At Call Common Fund A1 is a financial product issued of National Australia Trustees Limited ABN 80 007 350 405 AFSL 230703, which is a wholly owned subsidiary of the National Australia Bank Limited. The Common Fund is rated AAAm by Standard & Poors (Australia) Pty Ltd, the highest possible rating for a cash management fund. It offers you a competitive rate of interest. Investments in the National Australia Trustees At Call Common Fund A1 account do not represent either a deposit with or a liability of National Australia Trustees Limited, National Australia Bank Limited or any other company in the NAB Group, none of which guarantees the performance of the Fund or the repayment of capital invested. Investments in the Fund are subject to investment risk including possible delays in repayment and loss of income or capital invested.

Anyone wishing to acquire the financial products will need to complete the Application that is in, or accompanying, the Product Disclosure Statement. We will complete this on your behalf. There are proof of identity requirements for the Common Fund account under Australian Government regulations. If you are a new customer to the NAB, you and any other person authorised to sign the account who has not yet done so will need to complete a 100 point check at any NAB branch, or an Identification Reference for a Signatory to an account form provided in the application.

You should obtain a Product Disclosure Statement or other disclosure document relating to the At Call Common Fund A1 and consider that disclosure document before making any decision about whether to acquire or continue to hold the product. A hard copy of the At Call Common Fund A1 Product Disclosure Statement may be obtained by calling the Client Service Centre on 13 13 80 or by calling National Australia Trustees on 1800 036 171. Alternatively, the Product Disclosure Statement is available at nab.com.au/trading .

This advice is intended to provide general information only and has been prepared by National Australia Trustees Limited without taking into account any particular persons objectives, financial situation or needs. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain financial advice specific to their situation before making any financial investment or insurance decision.

National Australia Trustees Limited, 105-153 Miller Street, North Sydney NSW 2060, is a member of the NAB group of companies.

100 Point Check for Non-NAB Customers

There are proof of identity requirements for the At Call Common Fund A1 Account under Australian Government regulations. If you and the other signatories to the Cash Account have personal account/s with National Australia Bank Limited or National Australia Trustees, we may have sufficient details. Please call us on 1800 036 171 to check if we have sufficient details.

If you or other signatories have not previously provided sufficient proof of identity, please either

1 Go to any branch of the National Australia Bank Limited to provide 100 points of identification. 2 Complete an Identification Reference for a Signatory to an Account (s21) form. This process involves a referee who has known you for a minimum of 12 months.

Use Your Existing Margin Lending Facility

You can use a margin lending facility to fund your trades. You can use either the Internet or phone to place your order. Normal brokerage applies.

Straight Through Processing is not available for orders funded by your margin lending facility. Once you have placed your order to buy or sell shares (but before the order is entered onto the market), we will contact your margin lender by telephone to confirm that you hold sufficient shares or funds in your facility. Once this is confirmed we will proceed to buy or sell the shares that you have requested. We will send a copy of the Confirmation for this transaction to your margin lender, who will then be responsible for settling the transaction on your behalf. You will receive the original Confirmation by email or post.

As shares purchased with your margin lending facility will be sponsored by CHESS in your margin lender's CHESS participant record, there will be no record of your shareholdings in your Portfolio Holdings. You will need to contact your margin lender for these details. And, as the funds required to purchase the shares will be provided by your margin lender, no balance will appear in your Cash Account details.

Please advise your margin lender that you are appointing NAB OnLine Trading Limited as an authorised broker on your facility.

NAB Margin Lending offers competitive interest rates, an extensive list of approved investments, no application fee or ongoing service fees (for individual or joint applicants), online access to your Facility details, instalment gearing, covered call options, acceptance of third party security and a personal account manager service. For information about NAB Margin Lending or call us on 1300 135 145 8.30am to 5.30pm (EST) Monday to Friday.

How to Change Your Cash Account

Existing NAB OnLine Trading Clients can change their Cash Account by completing the Cash Account Conversion form.

National Australia Trustees Limited Beneficiary Information

If you are applying to open a new A1 Common Fund Account for a Non-Super Trust then some additional information may be required.

The information to be collected is required for National Australia Trustees Limited to satisfy its obligations under the Financial Transactions Report Act (FTRA) 1988. This information is not required if the account is to be held by a Superannuation Fund, the Commonwealth, a State or Territory, the Government, a public authority or a local Government body.

Instructions

1 Please provide the name and residential address of all trustees for Trust accounts, excluding Trusts to be held by the parties listed above, by completing a Beneficiary Form for new Non-Super Trust Accounts. This information will be located in your Trust Deed or other Trust documents. 2 Please provide the names of the beneficiaries or a description of the class of beneficiaries for Trust accounts, excluding Trusts to be held by the parties listed above.