0001104659-05-058770 Sample Contracts

Employment agreement (August 2005) – Mr Graeme D Willis (as Group General Manager, Regulatory Affairs)
Employment Agreement • December 2nd, 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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Executive employment agreement – Mr John M Stewart (as Managing Director and Chief Executive Officer)
Employment Agreement • December 2nd, 2005 • National Australia Bank LTD • National commercial banks

The executive employment agreement of Mr John M Stewart is incorporated by reference to National Australia Bank Limited’s Annual Report on Form 20-F for the fiscal year ended September 30, 2004 as filed with the Commission on January 20, 2005.

Employment agreement – Mr Michael J Ullmer (as Chief Financial Officer)
Employment Agreement • December 2nd, 2005 • National Australia Bank LTD • National commercial banks

The employment agreement of Mr Michael J Ullmer is incorporated by reference to National Australia Bank Limited’s Annual Report on Form 20-F for the fiscal year ended September 30, 2004 as filed with the Commission on January 20, 2005.

Deed of settlement and release – Mr Graeme D Willis
Agreement • December 2nd, 2005 • National Australia Bank LTD • National commercial banks • Victoria

B Mr Willis will continue in his position as Group General Manager Regulatory Affairs until 15 February 2006, at which time his employment with the National will cease.

Employment agreement – Mr Ahmed Fahour (as Chief Executive Officer, Australia)
Employment Agreement • December 2nd, 2005 • National Australia Bank LTD • National commercial banks

The employment agreement of Mr Ahmed Fahour is incorporated by reference to National Australia Bank Limited’s Annual Report on Form 20-F for the fiscal year ended September 30, 2004 as filed with the Commission on January 20, 2005.

Deed of settlement and release – Mr Peter B Scott
Agreement • December 2nd, 2005 • National Australia Bank LTD • National commercial banks • Victoria

B Mr Scott will continue in his role as Executive General Manager, Wealth Management, until 31 January 2005, at which time he will relinquish the said role and will provide ongoing employment services to the National until the Termination Date.

Employment agreement and retention award – Mr Gavin R Slater (as Group General Manager, Office of the Chief Executive)
Employment Agreement • December 2nd, 2005 • National Australia Bank LTD • National commercial banks

The employment agreement of Mr Gavin R Slater is incorporated by reference to National Australia Bank Limited’s Annual Report on Form 20-F for the fiscal year ended September 30, 2004 as filed with the Commission on January 20, 2005.

Employment agreement (January 2005) – Mr Graeme D Willis (as Group General Manager, Regulatory Affairs)
Employment Agreement • December 2nd, 2005 • National Australia Bank LTD • National commercial banks

The employment agreement of Mr Graeme D Willis is incorporated by reference to National Australia Bank Limited’s Annual Report on Form 20-F for the fiscal year ended September 30, 2004 as filed with the Commission on January 20, 2005.

Variation to employment agreement – Ms Lynne M Peacock (as Chief Executive Officer, Europe)
Employment Agreement • December 2nd, 2005 • National Australia Bank LTD • National commercial banks

The employment agreement of Ms Lynne M Peacock is incorporated by reference to National Australia Bank Limited’s Annual Report on Form 20-F for the fiscal year ended September 30, 2004 as filed with the Commission on January 20, 2005.

Expatriate assignment agreement – Mr Ross E Pinney
National Australia Bank LTD • December 2nd, 2005 • National commercial banks

The expatriate assignment agreement of Mr Ross E Pinney is incorporated by reference to National Australia Bank Limited’s Annual Report on Form 20-F for the fiscal year ended September 30, 2004 as filed with the Commission on January 20, 2005.

Employment agreement – Mr Peter A McKinnon (as Executive General Manager, People & Culture)
Employment Agreement • December 2nd, 2005 • National Australia Bank LTD • National commercial banks

The employment agreement of Mr Peter A McKinnon is incorporated by reference to National Australia Bank Limited’s Annual Report on Form 20-F for the fiscal year ended September 30, 2004 as filed with the Commission on January 20, 2005.

Expatriate assignment agreement – Mr Gavin R Slater (as Executive Director, National Australia Group Europe Limited)
Assignment Agreement • December 2nd, 2005 • National Australia Bank LTD • National commercial banks

The expatriate assignment agreement of Mr Gavin R Slater is incorporated by reference to National Australia Bank Limited’s Annual Report on Form 20-F for the fiscal year ended September 30, 2004 as filed with the Commission on January 20, 2005.

Expatriate assignment agreement – Ms Lynne M Peacock
National Australia Bank LTD • December 2nd, 2005 • National commercial banks

The expatriate assignment agreement of Ms Lynne M Peacock is incorporated by reference to National Australia Bank Limited’s Annual Report on Form 20-F for the fiscal year ended September 30, 2004 as filed with the Commission on January 20, 2005.

Employment agreement – Mr Ross E Pinney (as Executive General Manager, Office of the CEO)
Employment Agreement • December 2nd, 2005 • National Australia Bank LTD • National commercial banks

The employment agreement of Mr Ross E Pinney is incorporated by reference to National Australia Bank Limited’s Annual Report on Form 20-F for the fiscal year ended September 30, 2004 as filed with the Commission on January 20, 2005.

Employment agreement – Mr Cameron A Clyne (as Executive General Manager, Customer Solutions)
Employment Agreement • December 2nd, 2005 • National Australia Bank LTD • National commercial banks

The employment agreement of Mr Cameron A Clyne is incorporated by reference to National Australia Bank Limited’s Annual Report on Form 20-F for the fiscal year ended September 30, 2004 as filed with the Commission on January 20, 2005.

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