nabCapital.com

This web site is brought to you as a free information service by National Australia Bank Limited (ABN 12 004 044 937) (the "National") (which expression also includes its officers, employees, consultants, agents and contractors).

The following are the terms and conditions which govern use of and access to this web site and under and subject to which it is provided.

By accessing this web site and viewing the information and other material which it contains or to which it provides access (together "Information") you agree to follow and to be bound by these terms and conditions.

The Information is not addressed to any person in a jurisdiction where access to it or any use of it would result in a contravention by the National or any other person or entity of the laws of that jurisdiction. You must ensure that you comply with all applicable laws and regulations of your jurisdiction.

Nothing contained in this site constitutes an invitation by the National to enter into any contract or other arrangement whether legally binding or not or to make any investment.

Computer Viruses
The National does not represent or warrant that this web site or any linked site is free from computer viruses nor does it take responsibility for any which may exist, however they may be transferred or become manifest, or for any loss or damage of any sort (direct or indirect) which may result.

Linked Sites
As a convenience to you, this web site contains hypertext links to other sites. Any linked sites are viewed at your own risk and subject to the disclaimers and terms of use etc of those sites. The National assumes no liability whatsoever for the content of linked sites and unless the sites are controlled and maintained by the National as National sites does not control or maintain such sites or the Information available on or through them. The National has not reviewed such content nor does it accept any responsibility to do so.

Privacy
Access to or use of this web site or any linked site may be monitored, tracked or recorded and no person or entity accessing any of them should have any expectation of privacy or confidentiality. To the extent lawful, such persons and entities consent to such monitoring, tracking and recording.

Disclosure
National discloses that it may have financial or other interests in companies, securities, proposals, offerings, issues etc., which are the subject of research, commentary or recommendations or other Information available on or through this web site.

About The Information And About Reliance
The Information may be subject to change or may be out of date or incomplete or be subject to omissions, inaccuracies or other errors. This web site does not purport to contain or give access to all relevant Information and any statement as to any future matter is a present prediction of a possible future outcome, the accuracy of which cannot be guaranteed. Recipients should not rely upon such Information or statements but should make their own assessment and evaluation, undertake investigation and enquires and seek other advice to enable them to make any decision concerning their own interests.

No Liability Etc.
So far as the law allows, the National does not take any responsibility for or warrant or represent that the Information is free from errors or omissions or that it is accurate, reliable, complete or contemporary or suitable for your or any other person or entity's intended use. The National disclaims all and any responsibility for, and shall not be liable (including in or under contract, negligence or any other tort, or under any statute or at law or otherwise, however arising) in any way whatsoever for any loss, damage, cost or expense which may be incurred or suffered directly or indirectly by any person relying upon Information including any opinion, advice, recommendation or conclusion, except only to the extent that that the National has a liability in respect thereof under the governing law mentioned below which is made non-excludable by legislation which applies to the National.

Copyright
Information contained on this web site (but not necessarily linked sites) is owned by or licensed to the National and copyright in such Information subsists under the Copyright Act 1968 (as amended) and, through international treaties, the laws of many other countries. All rights reserved. You may download a single copy of such Information provided it is remains attached to this notice and, where necessary for its use as a reference, make a single hardcopy. Except as permitted under the Copyright Act 1968 (as amended) or other applicable laws, no part of such Information may be otherwise reproduced, adapted, performed in public or transmitted in any form by any process (graphic, electronic or mechanical, including photocopying, recording, taping or by storage in an information retrieval system) without the specific written consent of the National.

Governing Law Etc.
This notice, the Information, the contents of this web site and all matters relating to any of them are governed by and are to be construed according to the laws applicable in the State of Victoria and the Commonwealth of Australia ("Australian Law") and all legal matters including but not limited to claims are subject to the exclusive jurisdiction of the courts of those jurisdictions.

Product Disclosure Statement
Where required by law the National will provide Product Disclosure Statements in respect of the products issued by it which are contained on this website. The National recommends you consider any Product Disclosure Statement or other disclosure document before making any decisions regarding a product. All products on this website are issued by National Australia Bank Limited ABN 12 004 044 937, with the exception of the following:

• Hedging Solutions