Press Releases

National Bank launches a new issue of Advantage 8 GIC

Montreal, 8 January 2007 -

-   100% principal protection at maturity by National Bank
-   Minimum return of 25% for 8 of the 20 shares included in the benchmark portfolio
-   Term of 2.5 years
-   No management fees

National Bank is launching a new issue of the Advantage 8 GIC, which will be on sale from January 12 through March 13, 2007. This investment solution enables investors to benefit from 100% principal protection and the performance of a portfolio of shares in 20 major Canadian, American, European and Japanese companies.

This short-term investment solution guarantees the buyer a 25% minimum return on 8 of the 20 stocks in the benchmark portfolio. The Advantage 8 GIC   also offers global diversification with no currency risk.

The minimum investment is $500. At maturity on September 15, 2009, investors will receive their principal plus an amount equivalent to the average return of the 20 stocks in the benchmark portfolio, composed of a fixed 25% return on the 8 top performing stocks and the actual return on the other 12 stocks.

The Advantage 8 GIC   qualifies for Registered Retirement Savings Plans (RRSPs), Registered Retirement Income Funds (RRIFs), Deferred Profit Sharing Plans (DPSPs) and Registered Education Savings Plans (RESPs). The Advantage 8 GIC constitutes a deposit that is fully covered by the CDIC, subject to its conditions for insurable deposits.

This investment solution is available through a National Bank financial advisor. Bank clients and investors can also purchase an Advantage 8 GIC by calling TelNat at 1-888-483-5628 or through National Bank Direct Brokerage at www.nbc.ca/nbdb or 1-888-293-6637 as well as from investment advisors or financial planners in Canada.

This document is for information purposes only and does not constitute an offer to sell or a solicitation to buy the above GIC. Principal invested in an Advantage 8 GIC is protected at maturity. The GIC may not generate any returns. The reference portfolio does not reflect the reinvestment of dividends.

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 $116 billion in assets and, together with its subsidiaries, employs 16,972 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.):                                                           

Josée Lagacé
Public Relations
National Bank of Canada
Tel.: (514) 394-6500