RNS Number:3214P
National Australia Bank Ld
02 September 2003

                                                                     Appendix 3E

                                                     Daily share buy-back notice




                                  Appendix 3E


                          Daily share buy-back notice

                      (except minimum holding buy-back and

                              selective buy-back)




Name of entity

NATIONAL AUSTRALIA BANK LIMITED          ABN12 004 044 937

We (the entity) give ASX the following information.

Information about buy-back

 1. Type of buy-back                                                  On market

* Date Appendix 3C was given to ASX                             8 November 2001

Total of all shares bought back, or in relation to which acceptances have been
received, before and on, previous day
                                                       Before previous day        Previous day
 3. Number of shares bought back                       83,848,246                 109,492

* Total consideration paid or payable for the shares   $2,774,799,980.66          $3,380,731.02

* If buy back is on-market buy-back                    Highest price paid         Highest price paid

                                                       $36.05                     $30.93

                                                       Date 19/06/02
                                                       Lowest price paid          Lowest price paid

                                                       $28.40                     $30.87

                                                       Date 11/03/03
                                                                                  Highest price allowed
                                                                                  under rule 7.33

                                                                                  $33.0519
* Deleted

* How many shares may still be bought back?            Approximately 4,042,262



Compliance Statement

 1. The Company is in compliance with all Corporations Act requirements relevant
    to this buy-back.

 2. There is no information that the listing rules require to be disclosed that
    has not already been disclosed, or is not contained in, or attached to, this
    form


Signed by     BT Case          Date 03/09/2003

Associate Company Secretary


                      This information is provided by RNS
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