National Bank of Canada Announces Increase to Preferred Share Issue

MONTREAL, QUEBEC--(Marketwired - Sept. 30, 2014) -

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National Bank of Canada ("National Bank") (TSX:NA) today announced that as a result of strong investor demand for its previously announced domestic public offering of Non-cumulative 5-Year Rate Reset First Preferred Shares Series 32, the size of the offering has been increased to 12 million shares. The gross proceeds of the offering will now be $300 million. The offering will be underwritten by a syndicate led by National Bank Financial Inc. The expected closing date is October 9, 2014.

The net proceeds of the offering will be used for general corporate purposes and are expected to qualify as Tier 1 capital for National Bank.

About National Bank of Canada

With $199 billion in assets as at July 31, 2014, National Bank of Canada (www.nbc.ca), together with its subsidiaries, forms one of Canada's leading integrated financial groups. The Bank has more than 20,000 employees and is widely recognized as a top employer. The Bank's securities are listed on the Toronto Stock Exchange (TSX:NA). Follow the Bank's activities via social media and learn more about its extensive community involvement at clearfacts.ca and commitment.nationalbank.ca.

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