NATIONAL BANK OF CANADA

NATIONAL BANK OF CANADA

March 03, 2005 09:09 ET

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


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: NATIONAL BANK OF CANADA

TSX SYMBOL: NA

MARCH 3, 2005 - 09:09 ET

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

MONTREAL, QUEBEC--(CCNMatthews - March 3, 2005) - National Bank today
announced that Mr. Tony Meti, Senior Vice-President - Commercial Banking
& International and Mr. Michel Tremblay, Senior Vice-President -
Personal Banking & Wealth Management have expressed their intention to
exercise up to 12,000 and up to 10,000 options respectively, as of March
11, 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. Meti and Mr. Tremblay 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 assets
of more than $90 billion and, together with its subsidiaries, employs
close to 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.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    National Bank of Canada
    Denis Dube
    Manager, Public Relations Department
    (514) 394-8644
    www.bnc.ca