nabCapital.com

Closes: 15 August 2008

Seeking to take advantage of market trends and provide access to new opportunities, Man OM-IP Essential combines two complementary investment opportunities:

The AHL Alpha Program - a systematic computer driven program managed by Man Investments in London. The AHL Alpha Program has achieved a compound annual return of 17.1% since its inception in September 1995^ and forms the foundation of the Man OM-IP Essential investment strategy.

RMF LEAP - currently investing in over eight different strategies and managed by RMF Investment Management, Nassau branch, RMF LEAP seeks to access new and innovative markets and strategies. It has achieved a compound annual return of 9.6%^ since its inception in June 2006.

Past performance is not a reliable indicator of future performance.

Key information on investing in Man OM-IP Essential is outlined in the table below. You should read the Prospectus in its entirety and seek advice from a licensed financial advisor before making an investment decision.

Issue opens	16 June 2008
Issue closes	15 August 2008
Investment objective	Aims to generate medium term capital growth* in both rising and falling markets with the security of the NAB Guarantee+.
Investment approaches	An investment using two complementary investment approaches, the AHL Alpha Program and RMF LEAP
Investment exposure	The initial investment exposure will be 120% for each A$1.00 invested. The Investment Manager will seek to gradually increase this investment exposure to 160% of the Net Asset Value per Share.
NAB Guarantee+	The NAB Guarantee provides Shareholders on the Maturity Date with a Capital Guarantee to protect their initial investment and a Rising Guarantee to lock in a portion of any net new trading profits (subject to the terms of the NAB Guarantee set out in Appendix A of the Prospectus).
Fees	The table in Section 8 of the Prospectus, or for New Zealand investors pages 10-12 of the Investment Statement, sets out the fees and costs of the Company and the Trading Subsidiary.
Maturity Date	31 August 2015
Liquidity	Shares can be sold to Man Investments Australia or redeemed by Man OM-IP Essential on the first Business Day of each month at 98% of the NAV (or at 100% of the NAV after 30 September 2011) subject to the terms and conditions in Section 12 of the Prospectus.
Sponsor	Man Investments Australia
Shares	A$1.00 each (fully paid)
Minimum investment	A$5,000 and then in multiples of A$1,000.
	Man Investments - a part of the Man Group The Investment Manager of the OM-IP funds is Man Investments, a wholly owned subsidiary of Man Group plc, one of the world's largest alternative asset managers. Established in 1783 and listed on the London Stock Exchange, Man Group plc has a market capitalisation of more than US$19.3 billion (as at 31 December 2007) and approximately US$75 billion under management. It employs approximately 1,600 people in 13 countries with key centres in London, Switzerland, Chicago, New York, Tokyo, Hong Kong and Sydney.

* The aim to generate medium term capital growth is based on the past performance of the AHL Alpha Program (see Section 6 of the Prospectus). Past performance is not a reliable indicator of future performance.
+ Subject to the terms of the NAB Guarantee set out in Appendix A of the Prospectus . Investors should consider the key risks set out in Section 4 of the Prospectus, in particular, under the headings 'The NAB Guarantee' and 'Early redemption' and on pages 13-16 of the Investment Statement under the heading 'What are my risks?'. The NAB Guarantee is unsecured and therefore not supported by a charge over the assets of National Australia Bank.
Funds under management as at 31 March 2008.

How to apply

Investors should obtain and consider the Man OM-IP Essential Prospectus dated 18 April 2008 for the offer in deciding whether the investment is appropriate for them and whether to acquire or hold units in Man OM-IP Essential.

Applications for Shares may only be made by completing and returning the Application Form accompanying, the Prospectus. Detailed instructions on how to complete the Application Form are set out in the Prospectus. The application form must be accompanied with payment (minimum application is $5,000). Payment must be in Australian currency and made by cheque.


Further Information

You must read the Prospectus in connection with the National Privacy Notification and Financial Services Guide.

• To download the National Privacy Notification, click here
• To download a copy of the Financial Services Guide, click here

You should read the Prospeectus before deciding whether to acquire units in Man OM-IP Essential and take such independent advice as you think necessary to ensure that you understand the terms and conditions and risks of your investment in Man OM-IP Essential issued by Man Investments Australia ABN 47 002 747480, AFSL 240581) an Australian Financial Services License holder.

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NAB 100% Investment Loan¹

Gain exposure to some of the most popular current investment themes through investment in Man OM-IP with no upfront capital required.

A NAB 100% Investment Loan is designed specifically for selected investments such as Man OM-IP Essential. NAB provides 100% of the funds so you can invest in Man OM-IP Essential without any initial capital outlay. Invest in Man OM-IP Essential using a NAB 100% Investment Loan and benefit from:

• No margin calls except where you fail to meet your interest payment obligations or the investment is sold or redeemed early
• A range of interest rate options to meet your needs
• Potential tax efficiency as the loan interest may be tax deductible²
• No application or ongoing service fees for individual and joint applications
• Minimum Investment Loan amount is $20,000

Find out more

¹ The National Australia Bank Limited (NAB) Guarantee is subject to the terms set out in Appendix A of ghe Prospectus in relation to Man OM-IP Essential dates 18 April 2008 ("Prospectus"). the Shares are not deposits or other liabilities of NAB. NAB does nto guarantee the performance of Man OM-IP Essential. the Capital Guarantee will onyl apply if invetsors hold their Shares on the Maturity Date.

² Your tax position will depend on your personal circumstances. We recommend you seek advice from your financial or tax advisor in relation to your taxation position.

The information set out on this website is a summary of some points in the Prospectus. Persons considering investing in Shares should carefully read all of the Prospectus before making an investment decision. Terms capitalised and used on this website have the same meaning as in the Prospectus. Man OM-IP Essential Limited is a new company with no actual trading history. The content contained in this website has been prepared and published by Man Investments Australia Limited (ABN 47 002 747 480).

NAB is not responsible for and has not authorized, the issue of the Prospectus. To the maximum extent permitted by law, NAB expressly disclaim all or any liability which may arise out of the provision to, or use, by any person of the information contained in the Prospectus.

The Shares in Man OM-IP Essential Limited ("the Company") are not deposits with or other liabilities of National Australia Bank Limited (ABN 12 004 044 937), AFSL 230686 ("National Australia Bank") or other companies of the National Australia Bank group and the Company or its trading subsidiary Man OM-IP Essential Trading Limited are not members of the National Australia Bank group. National Australia Bank Limited does not guarantee the performance of the Company or its trading subsidiary Man OM-IP Essential Trading Limited. National Australia Bank Limited does not stand behind, in any way, the capital value or performance of the Company or the investments made by the Company and National Australia Bank Limiteds liability is limited to its liability under and subject to the terms of the NAB Guarantee outlined in the Prospectus. Investment in the Companys shares is subject to investment risk, including possible delays in payment and, except to the extent provided by the NAB Guarantee, loss of income and principal invested.

Offers of Shares will be made in the Prospectus issued by Man OM-IP Essential Limited dated 18 April 2008. Investors wishing to acquire Shares will need to complete the Application Form in the Prospectus. This material is not suitable for US persons.

National Australia Bank Limited has adopted the revised Code of Banking Practice 2004. For details of the Code contact National Australia Bank Limited on 13 22 65 and select the option to speak to a Customer Service Representative. Or visit us at nab.com.au .

This information has been prepared without taking into account anyone's objectives, financial situation or needs so before acting on it consider its appropriateness to your circumstances.

Persons who are prohibited from subscribing for the Shares by the laws of the countries of their citizenship, residence or domicile or any other applicable laws or (in the case of corporations) by their constituent documents including, without limitation, US Persons, are not eligible to subscribe for Shares pursuant to the Prospectus.

Please read NABs Financial Services Guide .