Investor Presentaiton

SIGNIFICANT SYNERGY BENEFITS 7 PRE TAX SYNERGIES AND INTEGRATION COSTS • · • Total pre-tax annual cost synergies of ~$130 million p.a. to be achieved over three years • • Representing ~30% of Citigroup's stand alone cost base1 Majority of savings driven by combining our unsecured lending businesses Additional synergy benefits include potential revenue upside from expanding white label relationships and distribution of NAB products to Citigroup Consumer Business customers Estimated pre-tax acquisition costs of $20 million plus integration costs of $355 million with majority incurred in FY22 and FY233 Integration costs include $165 million to be incurred in FY22 and FY23 to build new unsecured lending platform for combined business • Amortisation of capitalised costs for new platform build expected to be recognised over 5 years (through cash opex) • Other integration costs recognised through non-cash earnings as incurred 1. Based on estimated cost base of $410m for the year to June 2021 -23 2. Sources of cost synergies Technology systems² Group infrastructure² Support functions Vendor contracts Property rationalisation ...with potential revenue upside Deepen customer and white label relationships Transaction structured as asset and liability transfer. NAB will not be acquiring all of the technology or platform that currently services the Target Business 3. Assumes targeted completion date of 31 March 2022, subject to regulatory approvals National Australia Bank

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