Transcript No Slide Title

Important information
Any advice in this communication has been prepared without taking account of your objectives,
financial situation or needs. Because of this you should, before acting on any advice in this
communication, consider whether it is appropriate to your objectives, financial situation and needs.
You should obtain a Product Disclosure Statement or other disclosure document relating to any
product issued by MLC Investments Limited ABN 30 002 641 661 and MLC Limited ABN 90 000 000
402 and consider it before making any decision about whether to acquire or continue to hold the
product.
A copy of the Product Disclosure Statement or other disclosure document is available upon request
by phoning the MasterKey Service Centre on 131 831 or on our website at mlc.com.au. For the MLC
Investment Trust, a Product Disclosure Statement is available at mlcinvestmenttrust.com.au
An investment in any product offered by a member company of the National group does not represent
a deposit with or a liability of the National Australia Bank Limited ABN 12 004 044 937 or other
member company of the National Australia Bank group of companies and is subject to investment risk
including possible delays in repayment and loss or income and capital invested. None of the National
Australia Bank Limited, MLC Limited, MLC Investments Limited or other member company in the
National Australia Bank group of companies guarantees the capital value, payment of income or
performance of any financial product referred to in this publication
Annual returns of Australian shares
1900-2005
80%
60%
40%
20%
0%
-20%
Year Ending 31 December
The returns outlined above represent historical performance only.
Source: 1900 -2003 returns - Calculated using data from DMS Data Module offered through the Ibbotson
Associates’ software program EnCorr. 2004-5 return - S&P/ASX 300 Accumulation Index
2000
2005
1995
1985
1990
1980
1975
1965
1970
1960
1950
1955
1945
1935
1940
1930
1925
1915
1920
1910
1900
1905
-40%
Returns 1900 -2005
Source: Dimson, Marsh, Staunton Data Module
Calculated by MLC Investments Limited using data presented in DMS Data Module offered
through the Ibbotson Associates’ software program EnCorr. Based on copyrighted books by
Dimson, Marsh, and Staunton, Triumph of the Optimists, Princeton University Press, (c) 2002,
and Global Investment Returns Yearbook 2004, ABN AMRO/London Business School (c)
2004. All rights reserved. Used with permission.