1

Own Or Loan Shares Vs Term Deposits

2

General advice warning and disclaimer

• Any opinions expressed in this presentation constitute our judgement at the time of issue and are subject to change. We believe that the information contained in this presentation is correct and that any estimates, opinions, conclusions or recommendations are reasonably held or made as at the time of compilation. However, no warranty is made as to their accuracy or reliability (which may change without notice) or other information contained in this presentation. To the maximum extent permitted by law, we disclaim all liability and responsibility for any direct or indirect loss or damage which may be suffered by any recipient through relying on anything contained in or omitted from this presentation.

• This presentation contains general information and may constitute general advice. It does not take into account any person’s particular investment objectives, financial situation or individual needs. It should not be relied upon as a substitute for financial or other specialist advice. It has been prepared solely as an information service for financial advisers and should not be distributed to clients.

• Before making any decisions on the basis of this presentation, you should consider the appropriateness of its content having regard to your particular investment objectives, financial situation or individual needs.

• Opinions expressed constitute our judgement at the time of issue and are subject to change. The presenter is a representative of MLC Investments Limited. MLC Investments Limited ABN 30 002 641 661 105-153 Miller Street, North Sydney NSW 2060 is a member of the National group of companies.

• MLC Investments Limited is the issuer of the MLC MasterKey Unit Trust. Information about the MLC MasterKey Unit Trust is contained in the current Product Disclosure Statement (‘PDS’), copies of which are available upon request by phoning MLC on 131 831 or on our website at mlc.com.au.

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Own or loan?$10,000 invested in term deposits

31 Dec 1989 - 31 Dec 2009

Source data: RBA

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,00019

8919

9019

9119

9219

9319

9419

9519

9619

9719

9819

9920

0020

0120

0220

0320

0420

0520

0620

0720

0820

09

Inte

rest

$0

$10,000

$20,000

$30,000

$40,000

$50,000

Cap

ital v

alue

(pr

ice)

Interest received Capital value (price)

The returns outlined above represent historical performance only.

4

Source data: Reuters, ASX

Own or loan?$10,000 invested in NAB31 Dec 1989 - 31 Dec 2009

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,00019

8919

9019

9119

9219

9319

9419

9519

9619

9719

9819

9920

0020

0120

0220

0320

0420

0520

0620

0720

0820

09

Div

iden

ds

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

Cap

ital v

alue

(pr

ice)

Dividends received Capital value (price)

The returns outlined above represent historical performance only.

5

Own or loan?$10,000 invested in NAB and term deposits

31 Dec 1989 - 31 Dec 2009

Source data: Reuters, ASX, RBA

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,50019

8919

9019

91

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

Inte

res

t/d

ivid

en

ds

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

Ca

pit

al V

alu

e (

pri

ce

)

NAB - Dividends Term Deposits - Interest

NAB - Capital value Term Deposits - Capital Value

The returns outlined above represent historical performance only.

6

NAB vs CashInvestment of $10,000 in 31 December 1989

Cash NAB

Total Income $12,095$36,146.15

Capital Value $10,000$42,417.29

Income received in 2009 $375$2260.19

The returns outlined above represent historical performance only.Data Source: Reuters, RBA