nabCapital.com

Welcome to the nabCapital Leighton Holdings Notes Issue web site.

Leighton Holdings Limited has announced an offer to subscribe to an issue of Convertible Unsecured Subordinated Resettable Notes via a prospectus.

The opening date of the offer is 6 November 2003.  The closing date is expected to be 1 December 2003.

Applicants, or prospective applicants, should read this Prospectus in its entirety before deciding whether to participate in the Offer.  If after reading this Prospectus you have any questions abou the Offer you should contact your professional adviser, accountant or stockbroker.

National Australia Bank, via its subsidiary National OnLine Trading Limited (NOLT), is a Co-Manager to the Issue.  It has an interest in the Leighton Notes Offer via a firm allocation to NOLT for its retail clients.  NOLT will receive a fee on this firm allocation.  The Leighton Notes Prospectus is available below or alternatively on Leighton's website.

A Term Sheet is also available below.  This does not replace the need to read and comprehend the entire Prospectus under which the Issue is made.