Extension of AXA APH Proposal Following ACCC Announcement to Conduct Market Enquiries

AXA, AXA Asia Pacific Holdings Limited (AXA APH) and National Australia Bank Limited (NAB) have agreed to extend until September 9, 2010 end of day the period for NAB to satisfy the concerns raised by the Australian Competition and Consumer Commission (ACCC) with respect to NAB's proposed acquisition of 100% AXA APH and subsequent divestment of 100% of AXA APH's Asian businesses to AXA.