nabCapital.com

Welcome to the nabCapital Patrick Corporation Converting Reset Adjusting Notes Issue web site.

Patrick has announced an Offer to subscribe to an issue via a Prospectus of Converting Reset Adjusting Notes (CRANES).

The opening date of the Offer is 26 November 2003. The closing date is expected to be 17 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 about the Offer you should contact your professional adviser, accountant or stockbroker.

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

Also a Term Sheet for the Offer is available below. This does not replace the need to read and comprehend the entire Prospectus under which the issue is made.