National Bank Completes Offering of Medium Term Notes

On December 20, 2004, National Bank of Canada closed a public offering of $350 million medium term notes due December 22, 2019. The offering was made pursuant to a pricing supplement dated December 15, 2004 to the National Bank’s March 4, 2004 shelf prospectus.

The notes were offered through a syndicate of dealers led by National Bank Financial Inc. and CIBC World Markets Inc.

National Bank was represented in-house by Andrée Grimard, senior legal advisor, and Joanne Seto, legal advisor, and assisted by McCarthy Tétrault LLP with a team that included Daniel Bénay and Frédéric Cotnoir (securities) and Claude Desaulniers (tax).

The dealers were represented by Fasken Martineau DuMoulin LLP with a team that included Maurice Forget, Jean-Pierre Chamberland and Catherine Isabelle (securities).