RNS Number:3896Q
National Australia Bank Ld
01 October 2003

                                                                       Rule 3.8A


                                      Appendix 3F


                          Final share buy-back notice

                       (except minimum holding buy-back)




        Introduced 1/9/99. Origin: Appendices 7D and 7E. Amended 30/9/2001.


Information and documents given to ASX become ASX's property and may be made
public.

Name of entity                                                                 ABN


        NATIONAL AUSTRALIA BANK LIMITED                                   12 004 044 537



        We (the entity) give ASX the following information.


Description of buy-back
1      Type of buy-back
                                                       ON MARKET


Details of all shares bought back

2      Number of shares bought back                    85,100,000

3      Total consideration paid or payable for
       the shares                                      $2,813,178,495.10


4      If buy-back is an on-market buy-back -
       highest and lowest price paid                   highest price:$36.05

                                                       date: 19 June 2002


                                                       lowest price: $28.40

                                                       date: 11 March 2003





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.




        Sign here: ....................................     Date: 1 October 2003




        Print name:      BT Case...........................................

                (Associate Company Secretary)






                      This information is provided by RNS
            The company news service from the London Stock Exchange
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