RNS Number:4274L
National Australia Bank Ld
22 May 2003


                                                    Group Corporate Affairs

                                                    National Australia
                                                    Bank Limited
                                                    ABN 12004044937

                                                    500 Bourke Street
            ASX Announcement                        Melbourne
                                                    Victoria  3000
                                                    Australia


                                                 Melbourne, Thursday 22 May 2003



2003 Half Year Investor Presentation



A copy of the Half Year Investor Roadshow pack can be obtained from the
National's website:



www.national.com.au



Included in the pack is a comparison of the National's capital position at the
end of March using ACE and using the Tangible Common Ration.








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