NATIONAL BANK OF CANADA
TSX : NA

NATIONAL BANK OF CANADA

May 27, 2005 10:47 ET

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

MONTREAL, QUEBEC--(CCNMatthews - May 27, 2005) - National Bank today announced that the officers below have expressed their intention to exercise options, as of June 6, 2005.



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Name Title Number of options
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Patricia Curadeau-Grou Senior Vice-president Up to 20 000
- Risk Management
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Michel Labonte Senior Vice-president Up to 18 500
- Finance, Technology
and Corporate Affairs
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Tony Meti Senior Vice-president Up to 41 500
- Commercial Banking
and International
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Michel Tremblay Senior Vice-president Up to 20 000
- Personal Banking
and Wealth Management
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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. / Mrs. Curadeau-Grou, Labonte, Meti and 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 close to $100 billion in assets and, together with its subsidiaries, employs nearly 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 http://www.nbc.ca.

Information (The telephone number provided below is for the exclusive use of journalists and other media representatives.).

Contact Information

  • National Bank of Canada
    Denis Dube
    Manager - Public Relations Department
    (514) 394-8644