Natcan Investment Management Announces the First Issuance of The Natcan QSSP II Investment Fund, Series 2010

Montreal, 8 April 2010 - 

Natcan Investment Management Inc., a subsidiary of National Bank Financial Group, announces the first issuance of Class A shares, Series 2010 of The Natcan QSSP II Investment Fund Inc.(the ‘’Fund’’).

An excellent opportunity for investors that also allows them to encourage Quebec businesses
The Fund, currently in its second year of existence since the plan was amended in March 2009, seeks to combine the benefits of diversification and professional management with a structure that will capitalize on all the advantages of the Quebec Stock Savings Plan II (the ‘’QSSP II’’).

This Fund’s investment objectives are to provide medium- and long-term capital appreciation and to entitle subscribers of Class A Shares, Series 2010 of the Fund to claim a deduction under the QSSP II for Quebec income tax purposes for the 2010 tax year. The Fund will therefore invest the proceeds of its issuance of Class A Shares, Series 2010 primarily in Quebec-based companies whose securities qualify for the QSSP II.

The first issuance of The Natcan QSSP II Investment Fund Inc., Series 2010 opened April 7 and ends on April 16, 2010.

Should you wish to purchase Class A shares, Series 2010 of The Natcan QSSP II Investment Fund Inc., you may contact National Bank Financial at 514-879-2222 or at 1-800-361-8838 (toll free); National Bank Direct Brokerage at 514-866-6755 or at 1-800-363-3511(toll free); or the majority of investment advisors or mutual fund sales representatives licensed in Quebec. A minimum initial investment of $2,000 per subscriber is required.

Legal notes
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments.  Please read the prospectus of the Fund before investing. The Fund’s securities are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer. The Fund is not guaranteed; its value changes frequently and past performance may not be repeated. No securities regulatory authority has expressed an opinion about the securities of this Fund.

About National Bank of Canada
National Bank of Canada is an integrated group that 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. 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 over $134 billion in assets and, together with its subsidiaries, employs 17,946 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.):

Joan Beauchamp
Senior Advisor, Public Relations
National Bank Financial Group
Tel.: 514-394-6500