SPH Notice – National Australia Bank Limited

100080615/3821107.1 1
Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
Note: This form must be completed in accordance with the instructions at the end of the
form.
To NZX
and
To Tower Limited
Date this disclosure made: 3 January 2018
Date last disclosure made: 27 December 2017
Date on which substantial holding ceased: 28 December 2017
Substantial product holder(s) giving disclosure
Full name(s): National Australia Bank Limited
Summary of previous substantial holding
Class of quoted voting products: Ordinary shares, fully paid
Summary for National Australia Bank Limited
For last disclosure,—
(a) total number held in class: 12,404,618
(b) total in class: 168,662,150
(c) total percentage held in class: 7.355%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 12,520,366
(b) total in class: 337,324,300
(c) total percentage held in class: 3.712%

100080615/3821107.1 2
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure:
Date of
change
Person whose
relevant interest
changed
Nature of
change
Consideration
given in relation to
change
(AUD$)
Class and number
of securities
affected
Person’s votes
affected

Fully paid ordinary
shares

21/12/2017
JBWere (NZ) Pty
Limited
Purchase $1,584.40 2,330 2,330
21/12/2017 Bank of New Zealand Purchase $615.36 851 851
21/12/2017 Bank of New Zealand Purchase $4,855.28 6,875 6,875
21/12/2017 Bank of New Zealand Purchase $32,853.05 45,957 45,957
22/12/2017 Bank of New Zealand Purchase $619.62 857 857
22/12/2017 Bank of New Zealand Purchase $822.51 1,143 1,143
22/12/2017 Bank of New Zealand Purchase $798.92 1,159 1,159
22/12/2017 Bank of New Zealand Purchase $884.50 1,248 1,248
22/12/2017 Bank of New Zealand Purchase $917.55 1,286 1,286
22/12/2017 Bank of New Zealand Purchase $1,040.14 1,460 1,460
22/12/2017 Bank of New Zealand Purchase $2,180.71 3,101 3,101
22/12/2017 Bank of New Zealand Purchase $11,774.13 5,244 5,244
27/12/2017 Bank of New Zealand Purchase $325.75 466 466
27/12/2017 Bank of New Zealand Purchase $394.09 559 559
27/12/2017 Bank of New Zealand Purchase $799.15 1,168 1,168
27/12/2017 Bank of New Zealand Purchase $2,225.60 3,235 3,235
27/12/2017 Bank of New Zealand Purchase $3,383.28 5,000 5,000
27/12/2017 Bank of New Zealand Purchase $25,363.21 37,594 37,594
28/12/2017 Bank of New Zealand Purchase $637.99 936 936
28/12/2017 Bank of New Zealand Purchase $2,482.64 3,692 3,692

100080615/3821107.1 3
22/12/2017 Bank of New Zealand Sale $11,774.13 5,244 5,244
27/12/2017 Bank of New Zealand Sale $1,761.30 2,731 2,731
27/12/2017 Bank of New Zealand Sale $277.88 438 438

Additional information
Address(es) of substantial product holder(s):
Contact details:
Sarah Mohan
+61 402 764 610
Sarah.Mohan@national.com.au
Nature of connection between substantial product holders:

Name Nature of connection
Bank of New Zealand Bank of New Zealand is a wholly owned
subsidiary of National Australia Group (NZ)
Limited whose ultimate parent is National
Australia Bank Limited.
JBWere (NZ) Pty Limited JBWere (NZ) Pty Limited is a wholly owned
subsidiary of National Wealth Management
Holdings Limited whose ultimate parent is
National Australia Bank Limited.

Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial
products to which this disclosure relates: N/A
Certification
I, Elizabeth Melville-Jones, certify that, to the best of my knowledge and belief, the
information contained in this disclosure is correct and that I am duly authorised to make
this disclosure by all persons for whom it is made.