Press Releases

National Bank of Canada: Notice of Intention Regarding the Exercise of Options

Montreal, 27 May 2005 -

National Bank today announced that Mr. Réal Raymond, President and Chief Executive Officer of the National Bank, has expressed his intention to exercise up to 111,300 options, as of June 6, 2005.

The announcement was made via a press release in keeping with practices under the National Bank’s corporate governance rules, which stipulate that the President and Chief Executive Officer and all officers who are on the Bank’s Executive Committee are required to publicly disclose their intention to exercise stock options at least five business days in advance. 

Should Mr. Raymond decide not to exercise these options, National Bank will issue a press release to that effect.

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 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. The National Bank has close to $100 billion in assets and, together with its subsidiaries, employs nearly 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.

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

Denis Dubé
Manager - Public Relations Department
National Bank of Canada
Tel.: (514) 394-8644