AUB GROUP LIMITED — Major Shareholding Notification 2009

Feb 15, 2009

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Form 605 Corporations Law Section 671B Notice of ceasing to be a substantial holder

AUB

To: The Secretary Company Name/Scheme Austbrokers Holdings Limited Level 21 111 Pacific Highway NORTH SYDNEY NSW 2060 Phone: (02) 9935 2222 Fax: (02) 9954 1724

ACN 000 000 715

1. Details of substantial holder

Name ACN (if applicable) National Australia Bank Limited (ACN 004 044 937) and its associated companies listed in Annexure A and which includes:

MLC Investments Limited ACN 002 641 661 Antares Managed Investments Limited ACN 083 784 463 Elly Investments Pty Ltd ACN 098 198 004 (Elly Investments Pty Ltd acquired more than 20% of the voting power in Pengana Holdings Pty Limited (PHPL) on 30 April 2008. Pengana Capital Limited is a wholly owned subsidiary of PHPL)

The holder ceased to be a substantial holder on 12/02/2009

The previous notice was given to the company on 18/07/2008 The previous notice was dated (d/m/y) 18/07/2008

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate, in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change	Consideration given in relation to change	Class and number of shares affected	Persons votes affected
18/07/2008 to 212/02/2009 18/07/2008 to 212/02/2009	MLC Investments Limited	Share purchase Share sale	$4.00 $3.60 to $4.34	Ordinary 3,353 Ordinary 84,167	3,353 84,167
18/07/2008 to 212/02/2009 18/07/2008 to 212/02/2009	Antares Managed Investments Limited	Share purchase Share sale	$3.79 to $4.03 $3.50 to $3.79	Ordinary 62,076 Ordinary 105,180	62,076 105,180
18/07/2008 to 212/02/2009 18/07/2008 to 212/02/2009	Elly Investments Pty Ltd	Share purchase Share sale	$3.56 to $4.02 $3.62 to $4.01	Ordinary 24,686 Ordinary 3,649	24,686 3,649

3. Changes in association

The following persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name andACN(ifapplicable)	Nature ofassociation
No change

4. Addresses

The addresses of persons named in this form are as follows:

The addresses of persons named in this formare asfollows:
	Address
National Australia Bank Limited	Level 34 500 Bourke Street MELBOURNE VIC 3000
MLC Investments Limited	Ground Floor MLC Building 105-153 Miller Street SYDNEY NSW 2000
National Nominees Limited	Level 35 500 Bourke Street MELBOURNE VIC 3000
Antares Managed Investments Limited	Level 35 500 Bourke Street MELBOURNE VIC 3000
Elly Investments Pty Ltd	Level 35 500 Bourke Street MELBOURNE VIC 3000
Pengana Capital Limited	Level 29 20 Bond Street SYDNEY NSW 2000
Pengana Holdings Pty Limited	Level 29 20 Bond Street SYDNEY NSW 2000
Cogent Nominees Pty Ltd	Level 6 60 Castlereagh Street SYDNEY NSW 2000
UBS Nominees Pty Ltd	Level 16 Chifley Tower 2 Chifley Square SYDNEY NSW 2000

Signature

name Michaela Healey

signature

Capacity Company Secretary for and on behalf of National Australia Bank Limited date 16/02/2009

ANNEXURE A

This is Annexure A of two pages referred to in the Form 605 Notice of ceasing to be a substantial holder signed by me and dated 16/02/2009

Michaela Healey Company Secretary

National Australia Bank Limited	National Equities Limited
National Australia Investment Capital Limited	National Australia Group (NZ) Limited
Relationship Services Pty Limited	BNZ International Australia Limited (owned by National
Loyalty Pacific Pty Ltd (50% NAB; 50% Coles Myer)	Equities Limited) (In Liquidation)
FBP Awards Fund Pty Ltd (50% NAB; 50% Coles Group LtdF)	Partown Pty Limited
Loyalty Pacific (Hong Kong) Ltd (50% RSPL & 50% Tickoth P/L	BNZ Securities Australia Ltd (In Liquidation)
(Coles )	Bank of New Zealand
VPL Securities Pty Limited	BNZ Capital Guaranteed Growth Fund Limited
Vilexton Pty Limited	BNZ Funding Limited
National Infrastructure Investment No.1 Pty Ltd	BNZ International Funding Limited
National Infrastructure Investment No.2 Pty Ltd	BNZ International (Hong Kong) Limited
National Infrastructure Investment No.3 Pty Ltd	BNZ Income Securities Limited
National Australia Securities Limited	BNZ Income Securities 2Limited
Tasovac Pty Ltd	Interchange and Settlement Limited (12.6%)
ARDB Limited	Loyalty New Zealand Limited (25%)
Australian Banks' Export Re-finance Corporation Limited	Cards NZ Limited (23%)
National HK Investments Limited	BNZ Corporation Limited
Portsmouth Investments Company Pty Ltd (45%)	Mondex New Zealand Limited (20%)
National Australia Managers Limited	BNZ Investments Limited
National Australia Underwriters Limited	BNZ Equipment Limited
National Australia Corporate Advisory Limited (In Liquidation)	BNZI Securities No. 1 Limited
Alice Corporation Pty Ltd (50% NAB; 50% Alice Ventures)	BNZI Securities No. 2 Limited
Erstfeld Pty Limited	New Zealand Card Services Limited
HICAPS Pty Limited	Electronic Transaction Services Limited (25%)
BOACT Pty Ltd	BNZ International Limited
Matrix Film Investment One Pty Limited	BNZ Property Investments Limited
NBA Leasing Pty. Limited	BNZ Branch Properties Limited
National Nominees Limited	BNZ Properties (Auckland) Limited
Commercial Nominees Pty. Limited	BNZ Properties Limited
National Australia Investment Brokers Limited (In Liquidation)	Squadron No. 1 Limited (FKA Custom Service Leasing (New Zealand)
Custom Credit Holdings Limited (In liquidation)	Limited)
O2-e Limited	Squadron No. 2 Limited (fka Fleetlease (NZ) Limited)
National eProcurement Ltd (Deregistered 6/11/2008)	Squadron No. 3 Limited (fka BNZ Fleet Limited)
National eProcurement Australia Pty Ltd (Deregistered 23/10/2008)	Squadron No. 4 Limited (fka Custom Flettleasing (NZ) Limited)
National eProcurement UK Limited (In Liquidation – 25 January 2008)	National Australia Group Europe Limited
Valewin Pty Limited	National Americas Holdings LLC
Elly Investments Pty Ltd	National Capital Investments Limited
Rosie Investments Pty Ltd	Tokenhouse Investments Limited
National Global MBS Manager Pty Ltd	NAGE Trustee Company Limited
Deesarn Pty Ltd	National Australia Finance (Europe Holdings) Limited
Mudchute Pty Ltd	M.O.R.A. Development Company Limited (Northern Ireland)
Rycee 3 Pty Ltd	Kensington Hotel (Belfast) Limited (Northern Ireland)
Rycee 6 Pty Ltd	National Europe Holdings (GB) Limited
Mockey 1 Pty Ltd	Yorkshire Bank PLC
Antares Capital Partners Pty Ltd	Clydesdale Bank PLC
nabInvest Oxley Singapore Pte Ltd	CB Nominees Limited
Mockey 2 Pty Ltd	Clydesdale Bank Asset Finance Limited
Mockey 3 Pty Ltd	CGF No. 3 Limited
Mockey 4 Pty Ltd	CGF No. 6 Limited
Mockey 5 Pty Ltd	CGF No. 9 Limited
Antares Managed Investments Limited	CGF No. 12 Limited
National Australia Capital Securities (UK) PLC	Clydesdale Group Investments Limited
National Australia Capital Securities (Jersey) Limited	Clydesdale Investments UK Limited
NAB Capital LLC	Clydesdale Group Investments BV
nabCapital Securities, LLC	Clydesdale Investments BV (49%)
National Funding Holdings Pty Ltd	St Vincent Investments Limited
National Markets Group Limited	St Vincent Investments (Developments) Limited
Ausmaq (NZ) Limited	St Vincent Investments (North West) Limited
Australian Market Automated Quotation (Ausmaq) System Limited	St Vincent Investments (North and Scotland) Limited
NBA Properties Limited	St Vincent Investments (London and South) Limited
NBA Properties (Qld.) Limited	Clydesdale Bank Pension Trustee Limited
NBA Properties (Vic.) Limited	Clydesdale Europe Finance Limited (75%)
CBC Holdings Limited	Yorkshire Bank Retail Services Ltd.
CBC Properties Limited	Storecard Ltd.
National Australia Group Services Limited	Yorkshire Bank Finance Ltd.
Laura Pty Limited	Northern and General Finance Ltd.
N.S.W. Housing No.1 Pty Limited	Yorkshire Bank Equipment Leasing Ltd.
River Boyne Pty Limited (in liquidation)	Yorkshire Bank Commercial Leasing Ltd
River Embley Pty Limited	Scottish Agricultural Securities Corporation PLC (33%)
Hegira Limited	Allerton House Properties Limited

YB Lease Ltd. Yorlease Ltd Yorkshire Bank Home Loans Ltd. Yorkshire Bank Investments Ltd. Yorkshire BIHK Limited CB Group Investments Limited Kerala Investments Limited Machill Investments Ltd (90%) Yorkshire Bank Financial Services Ltd Yorbank Nominees Ltd. Yorkshire Bank Nominees Ltd. Brunswick Collection Services Ltd YB Trust Company Ltd. North British Finance Group Ltd. EVR Limited Eden Vehicle Rentals Ltd. MSRA UK Limited National Australia Bank (GB) Limited Fairhalsen Collections Ltd. National Australia Group Europe Investments Ltd National Australia Finance (Hong Kong) PLC Angara Company Limited National Australia Group Europe Finance B.V. Ariodante Limited NAGEO B.V. PFA (UK) Limited PMJI Inc Starfish Company Limited National Australia Finance (Leasing) Limited National Australia Group CIF Trustee Ltd National Australia Group SSP Trustee Ltd National Australia UK Pension Trustee Ltd NAB Investments Limited National Australia Group Europe Asset Investments Ltd The Deep in Hull Limited National Europe Holdings Limited National Australia (Asset Finance) Limited National Australia Finance (Vessel Leasing No.1) Limited National Australia Finance (Vessel Leasing No.2) Limited National Australia Finance (Vessel Leasing No.3) Limited National Australia Finance (Vessel Leasing No.4) Limited National Australia Finance (Vessel Leasing No.5) Limited National Australia Finance (Vessel Leasing No. 6) Limited National Australia Finance (Commercial Leasing) Limited National Australia Finance (Asset Leasing)LLP 98.02% National Australia Finance (Infrastructure Leasing No.1) Limited National Australia Finance (Infrastructure Leasing No.2) Limited QW Rail Leasing Limtied (50%) National Australia Finance (Vessel Leasing) Limited National Australia Finance (Equipment Leasing) Limited National Australia Finance (Asset Leasing) LLP (1.98%) National Australia Bank Pension Trustee (UK) Limited National Americas Investment, Inc MSRA Holdings, Inc National Americas Capital Investment LLC National Capital Holding 1 LLC QW Rail Leasing Limited Young Street Limited PEA Investments Limited National Capital Funding (UK) PLC National Australia Bank Finance Ireland Limited Clydesdale Trustee & Custodial Services (Ireland) Ltd (In liquidation) Clydesdale Corporate Investment Services (Ireland) Ltd (In Liquidation) Clydesdale Ireland Securities Nominees Limited (In Liquidation) National Australia Trustees Limited Bourke Street Nominees Pty Ltd (In Liquidation) National Australia Corporate Services Limited Nautilus Insurance Pte. Ltd. Nautilus Insurance (Europe) Limited National Australia Finance (Asia) Limited National Australia Finance (Hong Kong) PLC National Australia Funding (Delaware) Inc. National Australia Merchant Bank (Singapore) Limited National Australia Overseas Holding (Singapore) Private Limited National Wealth Management Holdings Limited Australian Company Number 094 484 625 National Wealth Management Services Limited National Australia Financial Management Limited MLC Corporate Services Asia Pte Limited GWM Adviser Services Limited Godfrey Pembroke Limited MLC Holdings Limited MLC International Holdings (Singapore) Pte Ltd

Apogee Financial Planning Limited MLC Investments Limited MLC Lifetime Company Limited Capita Properties Pty Ltd MLC Limited Plum Financial Services Limited PFS Nominees Pty Ltd Medfin Australia Pty Limited MLC Properties Pty Limited MLC Nominees Pty Ltd Your Prosperity Limited JANA Investment Advisers Pty Limited National Australia Superannuation Pty. Ltd. National Asset Management Limited NAM NT Rail Pty Limited National Wealth Management International Holdings Limited National Wealth Management Europe Holdings Limited National Europe Holdings (Wealth Management) Limited MLC UK Nominees Limited National Wealth Management Europe Services Limited Clydesdale Bank Insurance Brokers Limited Yorkshire Bank Financial Services Ltd - Refer Yorkshire Bank National Wealth Management Europe Services Limited (fka National Australia Life Services Ltd) National Australia Insurance Services Limited MLC Savings Limited MLC Trust Management Company Ltd National Wealth Management New Zealand Holdings Limited BNZ Life Insurance Limited National Online Trading Limited National Online Trading Nominees Pty Ltd National Margin Services Pty Ltd NMS Nomineees Pty Ltd Asibond Pty Limited NAF Trustee Limited Guidestar Financial Limited Guidestar Financial Group Limited Diba Investments Limited Vipro Pty Ltd (owned by NAB, Westpac & CBA) Cruickshank Asset Management Pty Ltd Portsmouth Investment Company Pty Ltd nabCapital Leasing (No. 1) Pty Limited nabCapital Leasing (No.2) Pty Limited RMBS 2006-2 Finance Company Pty Ltd RMBS 2006-2 Investment Company Pty Ltd RMBS 2006-2 Holdings Pty Limited New City Living Japan (KK) NWMH Sub Limited Northward Capital Pty Ltd Gibson Hills Pty Limited Chelonia Swaps Pty Limited Serv Co Pty Ltd National Australia Bank London Branch The Puget Limited Partnership (0.002%) Puget Limited Great Western Bankcorporation, Inc Great Western Bank WG Leasing Inc Great Western Service Corporation GWB LLC National Australia Group Europe Asset Holdings Limited National Americas Holdings Ltd (incorporate in UK) Pengana Holdings Pty Limited Limehouse Investments Pty Ltd Camberwell 3 Pty Ltd Camberwell 4 Pty Ltd Camberwell 5 Pty Ltd nabCapital Europe Limited Clydesdale Covered Bonda LLP Yorkshire and Clydesdale Bank Foundation The Yorkshire Bank Charitable Fund