If a Non-Viability Trigger Event occurs and the Issuer issues Ordinary Shares, the impact of Conversion on the Issuer would be to increase the Issuer's shareholders' equity. The issue of Subordinated Notes by the Issuer will not have a material impact on the Issuer's financial position. Words and expressions defined in the Final Terms or the Conditions have the same meanings in this cleansing notice unless the contrary intention appears. in schedule 3, a description of the rights and liabilities attaching to Ordinary Shares.in schedule 2, a description of the rights and liabilities attaching to the Subordinated Notes, extracted from the GMTN Programme Offering Circular dated 15 November 2021 (" Conditions") and.in schedule 1, a description of the commercial particulars of the Subordinated Notes, extracted from the Final Terms for the Subordinated Notes dated 20 July 2022 (" Final Terms").This notice is a cleansing notice prepared for the purposes of section 708A(12H)(e) of the Corporations Act 2001 (Cth) (" Corporations Act") (as inserted by ASIC Corporations (Regulatory Capital Securities) Instrument 2016/71) to enable fully paid ordinary shares in the Issuer (" Ordinary Shares") or an Approved NOHC which are issued on conversion of the Subordinated Notes to be freely tradeable without further disclosure. The Subordinated Notes convert into fully paid ordinary shares of the Issuer (or, in certain circumstances, an Approved NOHC) where the Australian Prudential Regulation Authority (" APRA") determines this to be necessary on the grounds that the Issuer would otherwise become non-viable. Pursuant to its US$100,000,000,000 global medium term note programme (" GMTN Programme"), National Australia Bank Limited (" Issuer") will today issue JPY 17,000,000,000 fixed rate reset subordinated notes due 2032 (" Subordinated Notes"). NOTICE UNDER SECTION 708A(12H)(e) CORPORATIONS ACT 2001 (CTH) ISSUE OF JPY 17,000,000,000 FIXED RATE RESET SUBORDINATED NOTES DUE 2032
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