National Bank Adjusts its Mortgage Rates

MONTREAL, QUEBEC — (Marketwire) — 12/20/11 — National Bank (TSX: NA) has adjusted its rates for residential mortgages. The new rates are effective as of Wednesday, December 21, 2011.

About National Bank of Canada

National Bank of Canada is an integrated group that 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. 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 over $156 billion in assets and, together with its subsidiaries, employs 19,431 people. The Bank-s securities are listed on the Toronto Stock Exchange (TSX: NA). For more information, visit the Bank-s website at . To access National Bank-s financial education portal, visit .

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

Contacts:
Joan Beauchamp
Senior Advisor, Public Relations
National Bank
514-394-6500

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