National Bank Client Wins $25,000 GIC

As part of a contest organized by National Bank of Canada in cooperation with the Canada Mortgage and Housing Corporation (CMHC), Michele Carrelli of St-Léonard, Quebec, has won a variable-return guaranteed investment certificate (GIC) in the amount of $25,000, that will be invested for a 5-year term.

This first edition of the "Your mortgage grants your wishes" contest, which ran from September 2 to December 31, 2002, was open to anyone who refinanced his or her mortgage with the National Bank. "People often choose this period of the year to embark on projects that need financing, so this contest came at the perfect time to show our customers how much we appreciate them," explained Nicole Dumont, Senior Manager Credit & Investment Solutions at the National Bank. Grand prize-winner Michele Carrelli was given his GIC on March 12 at a reception in his honour.

About the National Bank of Canada

National Bank of Canada is an integrated group which provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its customers elsewhere in the world. The National Bank offers a full array of banking services, including corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management, as well as mutual fund and retirement plan management. The National Bank has approximately $75 billion in assets and, together with its subsidiaries, employs over 17,000 people. The Bank's securities are listed on the Toronto Stock Exchange (NA: TSX). For more information, visit the Bank's website at www.nbc.ca.

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