TOP 50 COMPANIES PEER GROUPS - Does not apply to long-term variable reward grants from December 2016

December 2014 Grant - ELTI December 2015 Grant - ELTI AGL ENERGY AGL ENERGY AMCOR AMCOR AMP AMP APA GROUP APA GROUP ASCIANO ASCIANO ASX ASX AUS.AND NZ.BANKING GP. AUS.AND NZ.BANKING GP. AURIZON HOLDINGS AURIZON HOLDINGS BHP BILLITON BHP BILLITON BRAMBLES BRAMBLES COCA-COLA AMATIL CALTEX AUSTRALIA COMMONWEALTH BANK OF AUSTRALIA COCA-COLA AMATIL COMPUTERSHARE COMMONWEALTH BK. OF AUS. CROWN RESORTS COMPUTERSHARE CSL CROWN RESORTS DEXUS PROPERTY GROUP CSL FORTESCUE METALS GP. DEXUS PROPERTY GROUP GOODMAN GROUP GOODMAN GROUP GPT GROUP GPT GROUP ILUKA RESOURCES INCITEC PIVOT INCITEC PIVOT INSURANCE AUS. GROUP INSURANCE AUS. GROUP JAMES HARDIE INDS. CDI. JAMES HARDIE INDS. CDI. LEND LEASE GROUP LEND LEASE GROUP MIRVAC GROUP MIRVAC GROUP MACQUARIE GROUP MACQUARIE GROUP MEDIBANK PRIVATE NEWCREST MINING NEWCREST MINING NOVION PROPERTY GROUP OIL SEARCH OIL SEARCH ORIGIN ENERGY (EX BORAL) ORIGIN ENERGY (EX BORAL) ORICA ORICA QBE INSURANCE GROUP QBE INSURANCE GROUP RAMSAY HEALTH CARE Ramsay Health Care RIO TINTO RIO TINTO SANTOS SANTOS SCENTRE GROUP SCENTRE GROUP SEEK SONIC HEALTHCARE SONIC HEALTHCARE STOCKLAND SOUTH32 SUNCORP GROUP STOCKLAND SYDNEY AIRPORT SUNCORP GROUP TELSTRA SYDNEY AIRPORT TOLL HOLDINGS TELSTRA TRANSURBAN GROUP TRANSURBAN GROUP WESFARMERS VICINITY CENTRES WESTFIELD WESFARMERS WESTPAC BANKING WESTFIELD WOODSIDE PETROLEUM WESTPAC BANKING WOOLWORTHS WOODSIDE PETROLEUM WORLEYPARSONS WOOLWORTHS

The following companies were removed from the relevant peer groups: 1. ASCIANO – delisted 25/8/2016 2. NOVION PROPERTY GROUP (formerly CFS RETAIL PR. TST. GROUP) – delisted 12/6/2015 3. TOLL HOLDINGS – delisted 29/5/2015 4. WESTFIELD – delisted 08/06/2018 No executive long-term variable reward was granted in respect of 2018. Refer to NAB's 2018 Remuneration Report.