Press Releases

National Bank of Canada holds 10 % of Global Diversified Investment Grade Income Trust II

Montreal, 22 December 2006 -

National Bank of Canada (“NBC”) announces that on December 21, 2006, NBC purchased through one of its subsidiaries, an additional 47,800 trust units (the “Units”) of Global Diversified Investment Grade Income Trust II (the “Trust”) at a price of $8.45 per Unit, representing 0.34% of the total issued and outstanding Units.  These Units were purchased through the Toronto Stock Exchange.

NBC now owns and controls an aggregate of 1,397,700 Units representing 10% of all issued and outstanding Units.

The Units were acquired for investment purposes. NBC may acquire additional Units in the future or dispose of such Units subject to a number of factors, including general market and economic conditions and other investments and business opportunities available to it.

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):

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