NASB FINANCIAL, INC.
OFFER TO PURCHASE FOR CASH
UP TO 400,000 SHARES OF ITS COMMON STOCK, PAR VALUE $0.15 PER SHARE,
AT A PURCHASE PRICE OF $15.00 PER SHARE
THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL
EXPIRE AT 5:00 P.M., CENTRAL TIME, ON
WEDNESDAY, SEPTEMBER 12, 2001, UNLESS THE OFFER IS EXTENDED.
August 13, 2001
To Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees:
We are enclosing the material listed below relating to the offer of NASB Financial, Inc., a Missouri corporation
(the "Company"), to purchase up to 400,000 shares of its common stock, par value $0.15 per share (the
"Shares"), at a purchase price of $15.00 per Share, net to the seller in cash, upon the terms and subject to the
conditions set forth in the Offer to Purchase dated August 13, 2001 (the "Offer to Purchase"), and in the related
Letter of Transmittal (which, as amended from time to time, together constitute the "Offer").
The Purchase Price will be paid in cash, net to the seller, with respect to all Shares purchased. Shares not
purchased because of proration will be returned.
THE OFFER IS NOT CONDITIONED ON ANY MINIMUM NUMBER OF SHARES BEING
TENDERED. THE OFFER IS, HOWEVER, SUBJECT TO CERTAIN OTHER CONDITIONS. SEE
SECTION 6 OF THE OFFER TO PURCHASE.
For your information and for forwarding to your clients, we are enclosing the following documents:
1. The Offer to Purchase.
2. A letter to stockholders of the Company from the Chairman of the Board of Directors of the Company.
3. The Letter of Transmittal for your use and for the information of your clients.
4. A letter that may be sent to your clients for whose accounts you hold Shares registered in your name or in the
name of your nominee, with space for obtaining such clients' instructions with regard to the Offer.
WE URGE YOU TO CONTACT YOUR CLIENTS AS PROMPTLY AS POSSIBLE. PLEASE NOTE
THAT THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS EXPIRE AT 5:00 P.M.,
CENTRAL TIME, ON SEPTEMBER 12, 2001, UNL