Michel Tremblay to leave National Bank

Montreal, 19 December 2007 - 

Michel Tremblay, Chief Operating Officer, Personal and Commercial Banking and Wealth Management, has announced his decision to leave National Bank on January 18, 2008.

Michel Tremblay has decided to pursue his career in another sector of the financial services industry. Louis Vachon, President and CEO, thanked Michel Tremblay for his contribution to the Bank over the past nine years. Louis Vachon will head the Personal and Commercial Banking and Wealth Management units on an interim basis.

About 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 clients elsewhere in the world. The National Bank offers a full array of banking services, including retail, 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. National Bank has more than $113 billion in assets and, together with its subsidiaries, employs 16,863 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.

Information (The telephone number provided below is for the exclusive use of journalists and other media representatives):

Denis Dubé
Senior Manager – Public Relations
National Bank of Canada
Tel.: 514-394-8644