AXA: Update on NAB proposal
UPDATE ON STATUS OF NAB PROPOSAL
AXA Asia Pacific Holdings Limited (AXA APH), AXA SA and National Australia Bank Limited (NAB) are currently in advanced discussions regarding extending the period for NAB to satisfy the concerns raised by the Australian Competition and Consumer Commission (ACCC).
On 19 April 2010 the ACCC announced it would oppose the proposal for NAB to purchase the Australian and New Zealand Businesses of AXA APH through acquiring all of AXA APH and divesting the Asian businesses to AXA SA. In the meantime the agreements between AXA APH, AXA SA and NAB as already disclosed remain in place.
Further information For Institutional Investors Melissa Heyhoe Group Manager – Investor Relations and Performance Reporting Ph: +61-(0)3 8688 3744 M: +61-(0)421 333 582 For Retail Investors Computershare Investor Services Ph: 1300 157 263 or +61-(0)3 9415 4689 For Media Francine McMullen Group Manager – Strategic Communications Ph: +61-(0)3 8688 4985 M: +61-(0)412 223 485.
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