National Australia Bank Ld
11 January 2007

12 January 2007





National Australia Bank Senior Executive Changes

National Australia Bank Group Chief Executive Officer, John Stewart, today
announced the creation of a new role responsible for developing and aligning 
the corporate and human capital strategies of the National Australia Bank.

Peter Thodey, who is currently Chief Executive Officer New Zealand, has been
appointed to the new role of Group Executive General Manager.

Cameron Clyne, who is currently Executive General Manager, Group Development,
has been appointed as Chief Executive Officer New Zealand.

"Without the right strategies for our most important resource, our human
capital, it will be very difficult to execute our overall corporate strategy," 
Mr Stewart said.

"Peter's outstanding leadership of the Bank of New Zealand during the past seven
years makes him an excellent choice for this important role. Peter's experience
will ensure National Australia Bank has people with the right skills, talent 
and values, which are fundamental to sustainable growth in our business.

"Cameron Clyne has worked closely with me in developing our overall strategy and
I have every confidence that he will be an excellent successor to Peter," 
he said.

Cameron will join the Bank of New Zealand on 20 February 2007 and will assume
his new role in the second week of March.



For further information:

Brandon Phillips                                Hany Messieh
Group Manager, External Relations               Head of Investor Relations
T  03 8641 3857                                 T  03 8641 2312
M  0419 369 058                                 M  0414 446 876


Felicity Glennie-Holmes                         Lyndal Kennedy
Senior Manager, Group External Relations        Manager, Investor Relations
T  03 8641 3627                                 T  03 8641 5611
M  0412 673 038                                 M  0400 983 038



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