0001104659-05-002097 Sample Contracts

Employment agreement – Mr Ross E Pinney (as Executive General Manager, Office of the Chief Executive)
Employment Agreement • January 21st, 2005 • National Australia Bank LTD • National commercial banks • Victoria

This letter (including the Schedule and Attachment) sets out the terms of your employment, and constitutes your employment agreement with the National (“employment agreement”). This employment agreement replaces all existing and previous agreements, arrangements, understandings or negotiations between you and the National and any Related Body Corporate in respect of employment with the National.

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Deed of settlement and release – Mr Christopher D Lewis
National Australia Bank LTD • January 21st, 2005 • National commercial banks • Victoria
Employment agreement – Ms Lynne M Peacock (as General Manager, Business Development)
Employment Agreement • January 21st, 2005 • National Australia Bank LTD • National commercial banks
Deed of settlement and release and Deed of indemnity (November 2004) – Mr Richard E McKinnon
Agreement • January 21st, 2005 • National Australia Bank LTD • National commercial banks • Victoria

A Mr McKinnon commenced employment with the National on 3 February 1986. Mr McKinnon was appointed to the position of CFO on 1 June 2000.

Dated: 2 April 2004 Terms of Settlement And Release Agreement Richard Ernest McKinnon (“Mr McKinnon”) and National Australia Bank Limited ABN 12004044937 (“National”)
Release Agreement • January 21st, 2005 • National Australia Bank LTD • National commercial banks • Victoria
Deed of settlement and release – Mr Ian F Scholes
National Australia Bank LTD • January 21st, 2005 • National commercial banks • Victoria
And Release Agreement Peter McKinnon (“Mr McKinnon”) and National Australia Bank Limited ABN 12004044937 (“National”)
Release Agreement • January 21st, 2005 • National Australia Bank LTD • National commercial banks • Victoria
Variation to employment agreement – Ms Lynne M Peacock (as Chief Executive Officer, Europe)
Employment Agreement • January 21st, 2005 • National Australia Bank LTD • National commercial banks
Employment agreement – Mr Ahmed Fahour
National Australia Bank LTD • January 21st, 2005 • National commercial banks • Victoria

This letter (and the Schedule) sets out the terms of your employment, and constitutes your employment agreement with the National (“employment agreement”). This employment agreement replaces all existing and previous agreements, arrangements, understandings or negotiations between you and the National and any Related Body Corporate in respect of employment with the National.

And Release Agreement Michael Laing (“Mr Laing”) and National Australia Bank Limited ABN 12004044937 (“National”) TERMS of SETTLEMENT and RELEASE AGREEMENT
Release Agreement • January 21st, 2005 • National Australia Bank LTD • National commercial banks • Victoria
Expatriate assignment agreement – Ms Lynne M Peacock (as Executive General Manager, People & Culture)
Assignment Agreement • January 21st, 2005 • National Australia Bank LTD • National commercial banks
Executive service agreement – Mr Frank J Cicutto
National Australia Bank LTD • January 21st, 2005 • National commercial banks

The executive service agreement of Mr Frank J Cicutto is incorporated by reference to National Australia Bank Limited’s Annual Report on Form 20-F for the fiscal year ended September 30, 2003 as filed with the Commission on March 26, 2004.

Employment agreement and retention award – Mr Gavin R Slater (as Group General Manager, Office of the Chief Executive)
Employment Agreement • January 21st, 2005 • National Australia Bank LTD • National commercial banks • Victoria

National Australia Bank Ltd is pleased to confirm your employment with us in the Position of Group General Manager, Office of the CEO (“your Position”) on the terms and conditions set out in this letter and the Attachment.

Expatriate assignment agreement – Mr Gavin R Slater (as Executive Director, National Australia Group Europe Limited)
Assignment Agreement • January 21st, 2005 • National Australia Bank LTD • National commercial banks
Expatriate assignment agreement – Mr Ross E Pinney (as Executive General Manager, Financial Services Europe).
Assignment Agreement • January 21st, 2005 • National Australia Bank LTD • National commercial banks
Employment agreement – Mr Peter A McKinnon
National Australia Bank LTD • January 21st, 2005 • National commercial banks • Victoria

National Australia Bank Ltd is pleased to confirm your employment with us in the Position of Executive General Manager, People Culture (“your Position”) on the terms and conditions set out in this letter and the Attachment.

Executive employment agreement – Mr John M Stewart (as Managing Director and Chief Executive Officer of the Group)
National Australia Bank LTD • January 21st, 2005 • National commercial banks • Victoria
Sale of National Europe Holdings (Ireland) Limited
Agreement • January 21st, 2005 • National Australia Bank LTD • National commercial banks
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