Important NAB Cash Manager Disclosure Notice

National Australia Bank Limited (‘NAB’) is the issuer of the NAB Cash Manager. An investment in a NAB Cash Manager account represents a bank deposit with NAB and has the benefit of the depositor protection provisions in the Banking Act 1959.

Anyone wishing to acquire the financial products will need to complete the Application that is in, or accompanying, the Terms and Conditions. We will complete this on your behalf. There are proof of identity requirements for the NAB Cash Manager 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.

You should obtain a copy of the Terms and Conditions or other disclosure document relating to the NAB Cash Manager and consider that disclosure document before making any decision about whether to acquire or continue to hold the product. A hard copy of the NAB Cash Manager Terms and Conditions may be obtained by calling the Client Service Centre on 13 13 80 or by calling the NAB Cash Manager Service Centre on 1800 036 171. Alternatively, the NAB Cash Manager Terms and Conditions are available at nab.com.au/trading .

This advice is intended to provide general information only and has been prepared by National Australia Bank 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.

100 Point Check for Non-NAB Customers

There are proof of identity requirements for the NAB Cash Manager account under Australian Government regulations. If you and the other signatories to the Cash Account have personal account/s with National Australia Bank Limited, 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 Complete the 100 point check at your local NAB branch and obtain your customer number. 2 Include certified copies of your original identification documents to satisfy the 100 point check with this application form.

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 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 Bank Limited Beneficiary Information

If you are applying to open a new NAB Cash Manager account for a Non-Super Trust then some additional information may be required.

The information to be collected is required for National Australia Bank Limited to satisfy its obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. 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 Information for Trust Accounts Form. 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.