Investor Presentaiton

LIQUIDITY CONSIDERATIONS INCREASED SYSTEM LIQUIDITY ($bn) • Deposits increasing due to central bank and government response to COVID-19 260 AUSTRALIAN CORE FUNDING GAP¹ ப APRA Methodology Change² 240 • Term Funding Facility provides a significant stable funding source 220 • Low rate environment encouraging migration from term deposits to at-call deposits 200 180 . • CLF reduced from $55.1bn in 2020 to $31.0bn for 2021 Implications for NAB include: 160 140 • Reduced wholesale funding requirement . Liquids drag on margins 120 Sep 17 Mar 18 Sep 18 NAB Mar 19 -Peer 1 Sep 19 Peer 2 Mar 20 Sep 20 -Peer 3 Mar 21 TFF DRAWDOWNS VS AVAILABLE ALLOWANCE³ 104 69 SYSTEM EXCHANGE SETTLEMENT ACCOUNT (ESA) BALANCES4 ($bn) 200 92 92 150 123 100 68 70 78 0 50 12 14 Jun 20 Sep 20 14 Dec 20 14 Mar 21 Policy response to COVID-19 commenced Mar-20 ■NAB Drawdown ■Industry TFF Drawdowns (ex NAB) ■Industry TFF Available to be Drawn (2) (3) Sep 19 (1) Australian core funding gap = Gross loans and advances plus Acceptances less Total deposits (excluding financial institution deposits and certificates of deposit) APRA Monthly Banking Statistics are used from September 2017 to March 2019. April 2019 onwards is prepared using APRA Monthly Authorised Deposit-taking Institution Statistics. Statistics as at March 2021 RBA and NAB data 0 Mar 19 Mar 20 Sep 20 Mar 21 (4) 98 ESAs are the means by which providers of payments services settle obligations that have accrued in the clearing process, operated through the Reserve Bank Information and Transfer System (RITS). Effective 4 November 2020, the interest rate on surplus ESA balances set by the RBA is 0.00%, with any shortfall in ESA balances attracting 25bps above the cash rate target. RBA data National Australia Bank

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