March 12 (Reuters) - National Australia Bank Ltd NAB.AX :
* NAB WITHDRAWS NAB CAPITAL NOTES 4 OFFER
* RECOGNISES THAT MARKET CONDITIONS HAVE CHANGED SUBSTANTIALLY SINCE OFFER WAS LAUNCHED
* ONGOING MARKET VOLATILITY WOULD BE LIKELY TO IMPACT ON TRADING VALUE OF NAB CAPITAL NOTES 4
* WITHDRAWAL OF OFFER OF NAB CAPITAL NOTES 4 DOES NOT IMPACT RESALE OF NCN
* OTHER OPTIONS, INCLUDING POTENTIAL REPRICING, WERE NOT CONSIDERED APPROPRIATE IN ABSENCE OF AN ORDERLY MARKET
* STILL INTENDS TO CONVERT UP TO $750M OF NCN INTO ORDINARY SHARES
* APPLICATION MONIES RECEIVED BY NAB WILL BE REFUNDED (WITHOUT INTEREST)
* NATIONAL AUSTRALIA BANK LTD SAYS REMAINS WELL-CAPITALISED