RNS Number:1051P
National Australia Bank Ld
28 August 2003


                                                                                            Group Corporate Affairs

                                                                                            National Australia
                                                                                            Bank Limited
                                                                                            ABN 12004044937


                                                                                            500 Bourke Street
            ASX Announcement                                                                Melbourne
                                                                                            Victoria  3000
                                                                                            Australia


Melbourne, Thursday 28th August 2003


National Australia Bank acquires strategic interest in AMP


The National Australia Bank has acquired 34.3 million shares in AMP at $6.00 per
share, taking its relevant interest in the company to 5.4 per cent.

The Managing Director and Chief Executive Officer of the National, Mr Frank
Cicutto, said: "This is a strategic investment for the National.

"We await the detailed information to be provided in AMP's demerger documents.

"The National has no interest in acquiring AMP while AMP owns its UK business."


For further information, please contact:



Brandon Phillips
Group Corporate Affairs
03 8641 3857
0419 369 058







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