PRESS RELEASES

National Bank of Canada Announces Election of Directors: Manon Brouillette and Yvon Charest join the Board of Directors

Montreal, April 24, 2020

National Bank of Canada (the “Bank”) (TSX: NA) announced today that each Director nominee listed in the Management Proxy Circular dated February 27, 2020 was elected as Director of the Bank during the Annual Meeting of the Holders of Common Shares held today.

The Board of Directors welcomes two Directors elected for the first time, Manon Brouillette and Yvon Charest, who are joining the Board as of today. Ms. Brouillette was President and Chief Executive Officer of Videotron Inc. until December 2018. She holds a bachelor’s degree in Public Communications from Université Laval and has completed the Ivey Executive Program at Western University’s Ivey Business School. Mr. Charest was President and Chief Executive Officer of iA Financial Group from 2000 to 2018. He holds a Bachelor of Actuarial Science from Université Laval and is a Fellow of the Canadian Institute of Actuaries (FCIA) and a Fellow of the Society of Actuaries (FSA).

In addition, Gillian H. Denham is stepping down from her position as Director effective today. Ms. Denham had been a Director since 2010 and was a member of the Human Resources Committee.

“I am proud to welcome Manon Brouillette and Yvon Charest to the Board. I know that the extensive experience and strong skills in strategic leadership and governance that these two new directors bring to the table will be important assets for the future of National Bank,” stated Jean Houde, Chairman of the Board. “On behalf of the Bank’s shareholders and employees, I would like to sincerely thank Gillian H. Denham who is leaving the Board. Through her skills and commitment, she made a valuable contribution to the Bank’s success and transformation.”

The details of the election are as follows:

DIRECTOR NOMINEE

OUTCOME

FOR

% FOR

WITHHELD 

% WITHHELD

Raymond Bachand

Elected

175,146,670

99.22%

1,380,805

0.78%

Maryse Bertrand

Elected

176,016,103

99.71%

511,368

0.29%

Pierre Blouin

Elected

175,966,727

99.68%

560,710

0.32%

Pierre Boivin

Elected

175,305,100

99.31%

1,222,375

0.69%

Manon Brouillette

Elected

175,973,298

99.69%

539,240

0.31%

Yvon Charest

Elected

176,163,589

99.79%

363,886

0.21%

Patricia Curadeau-Grou

Elected

176,037,168

99.72%

490,307

0.28%

Jean Houde

Elected

175,193,201

99.24%

1,334,270

0.76%

Karen Kinsley

Elected

176,218,117

99.83%

308,858

0.17%

Rebecca McKillican

Elected

176,043,049

99.73%

484,426

0.27%

Robert Paré

Elected

175,030,250

99.15%

1,497,225

0.85%

Lino Saputo, Jr.

Elected

174,423,688

98.81%

2,103,787

1.19%

Andrée Savoie

Elected

175,245,709

99.27%

1,281,766

0.73%

Pierre Thabet

Elected

176,235,513

99.83%

291,462

0.17%

Louis Vachon

Elected

175,706,184

99.53%

821,287

0.47%

The results of the final votes regarding all matters subject to a vote during the Annual Meeting are available on the Bank’s website (nbc.ca/investorrelations) as well as on the SEDAR website (sedar.com).

About National Bank of Canada
With $289 billion in assets as at January 31, 2020, National Bank of Canada, together with its subsidiaries, forms one of Canada's leading integrated financial groups. It has more than 26,000 employees in knowledge-intensive positions and has been recognized numerous times as a top employer and for its commitment to diversity. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank’s activities at nbc.ca or via social media such as Facebook, LinkedIn and Twitter.

For more information:

Claude Breton
Vice-President – Communications and Corporate Social Responsibility
National Bank of Canada
Claude.Breton@nbc.ca