Press Releases

National Bank Financial Group completes integration of Altamira

Montreal, 3 November 2008 -

National Bank Financial Group has announced that the consolidation of the activities of Altamira with those of National Bank Securities Inc. is now complete.

On November 1, 2008, Altamira Investment Services Inc. and Altamira Financial Services Ltd. (Altamira) completed their merger with National Bank Securities Inc., designed to accelerate National Bank Financial Group’s growth outside Quebec.

As a result of the merger, National Bank Securities has assumed the management and distribution functions of Altamira Funds. Meritage Portfolios will continue to be distributed as is, while National Bank Securities has assumed the management functions of these funds. National Bank Securities will also continue to manage and distribute National Bank Mutual Funds and Omega Funds.

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 $122 billion in assets and, together with its subsidiaries, employs 17,232 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 Department
National Bank of Canada
Tel.: 514-394-8644