Investor Presentaiton

COMMERCIAL REAL ESTATE - GROUP SUMMARY¹ Total $61.5bn 11.3% of Gross Loans & Acceptances Aust NZ UK Region Asia Total Trend Mar 15 Sep 15 Mar 16 Sep 16 TOTAL CRE (A$bn) 53.0 8.0 0.3 0.2 61.5 Impaired loans ratio 0.58% 0.42% 0.30% 0.23% Increase/(decrease) on Sep 15 (A$bn) 1.9 1.3 (1.3) (0.3) 1.6 % of regional GLAS 11.5% 11.4% 6.2% 3.7% 11.3% Change in % on September Specific Provision Coverage 22.7% 23.4% 23.5% 28.3% (0.1%) 0.5% 3.9% (1.8%) 1.0% 2015 90 Group Commercial Property by type Industrial 15% Residential. 13% Tourism & Leisure 3% Office. 28% Group Commercial Property by geography Other 7% Land 6% VIC 24%. Retail 28% (1) Measured as balance outstanding at September 2016 per APRA Commercial Property ARF 230 definitions QLD 15% WA .8% Other Australia 8% New Zealand 13% Asia 0.3% NSW -United 32% Kingdom 0.5% ELIGIBLE PROVISIONS AND REGULATORY EXPECTED LOSS National Australia Bank Mar 16 Sep 16 Movement Non-Defaulted Defaulted Non-Defaulted Defaulted Non-Defaulted ($m) Defaulted General Reserve for Credit Losses 412 2,754 379 2,522 Specific Provisions 602 less: Provisions on standardised portfolio (8) plus: Partial write-offs on IRB portfolio Total Eligible Provisions (EP) Regulatory Expected Loss (EL) 712 33 (33) (232) 110 75 (75) (8) (63) 0 12 605 481 (124) 1,611 2,679 1,564 2,459 (47) (220) 1,485 2,567 1,564 2,528 79 19 (39) Shortfall in EP over EL (100% CET1 Deduction) 0 0 0 69 69 0 69 Surplus in EP over EL (Tier 2 capital for non- defaulted) 126 112 0 0 (126) (112) 91 National Australia Bank

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