Press Releases

National Bank Financial Group offers Series 2 of its Select Access Deposit NotesTM

Montreal, 26 August 2008 -

National Bank Financial Group is pleased to present its new issue of Select Access Principal Protected Deposit NotesTM, a turnkey solution which offers principal protection at maturity and an unlimited potential return at the end of its 8-year term.

Select Access Principal Protected Deposit NotesTM can help diversify an investment portfolio thanks to their exposure to major alternative investments whose returns generally have little correlation to the performance of traditional equity and bond markets. These investments include diversified hedge funds, global real estate, commodities, global infrastructures and private equity. Alternative asset classes are generally reserved for institutional investors making access to them difficult for individual investors, which is why this new offering has been given the name “Select Access”,

These Notes are available for a minimum investment of $1,000. They are eligible for registered retirement savings plans (RRSPs), registered retirement income funds (RRIFs), deferred profit sharing plan (DPSPs), and registered education savings plans (RESPs).

You can obtain these Notes by meeting with an advisor at a National Bank branch. Investors and Bank clients can also invest in them through TelNat Telephone Banking Solutions (1-888-483-5628) or National Bank Direct Brokerage (www.nbdb.ca or 1-888-293-6637).

National Bank Select Access Principal Protected Deposit NotesTM, Series 2 are available until October 3, 2008 at 4 p.m. These Notes are scheduled to be issued on October 15, 2008.

Legal note
The National Bank Select Access Principal Protected Deposit Notes™, Series 2 are a principal-protected investment redeemable at maturity by National Bank of Canada. Any change in the return of the Reference Funds will have a direct impact on the return payable. If the Benchmark Portfolio does not generate a positive return at maturity, the Deposit Notes will produce no return. It is possible that no return will be paid. An investment in the Deposit Notes is subject to a number of risk factors. Notes are not suitable for all types of investors. Potential purchasers should consult the Information Statement and their investment advisor before investing in the Deposit Notes. The complete information related to this issue of Notes will be included in an Information Statement which will be sent to investors prior to the closing date. Capitalized terms used herein and not otherwise defined have the meaning ascribed to them in the Information Statement of the Deposit Notes. This document is for information purposes only and does not constitute an offer to sell or a solicitation to buy the Notes referred to herein.  The Bank has issued previous series which may have different terms and conditions.

TM Trademark of National Bank of Canada.

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 $123 billion in assets and, together with its subsidiaries, employs 17,093 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 Department
National Bank Financial Group
Tel.: 514-394-8644