National Bank of Canada New Chairman and Election Results

National Bank of Canada Announces Election of Directors: Jean Houde Named New Chairman of the Board

Montreal, 10 April 2014 –

National Bank of Canada (the “Bank”) (TSX: NA) announced today that each director nominee listed in the Management Proxy Circular dated February 21, 2014 was elected as Director of the Bank during the Annual Meeting of the Holders of Common Shares held today in Calgary, Alberta. In addition, Jean Houde becomes the new Chairman of the Board, replacing the outgoing Jean Douville who is retiring after serving as Chairman for some 10 years.

The details of the election are as follows:

DIRECTOR NOMINEE

OUTCOME

FOR

% FOR

WITHHELD

% WITHHELD

Maryse Bertrand

Elected

158, 481, 341

99.16

1, 341, 100

0.84

Lawrence S. Bloomberg

Elected

158, 772, 401

99.34

1, 053, 027

0.66

Pierre Boivin

Elected

158, 814, 476

99.37

1, 010, 912

0.63

André Caillé

Elected

158, 320, 638

99.06

1, 504, 790

0.94

Gérard Coulombe

Elected

158, 112, 618

98.93

1, 712, 810

1.07

Bernard Cyr

Elected

158, 848, 844

99.39

976, 584

0.61

Gillian H. Denham

Elected

158, 289, 061

99.04

1, 536, 327

0.96

Richard Fortin

Elected

158, 885, 064

99.41

940, 364

0.59

Jean Houde

Elected

158, 046, 275

98.89

1, 779,153

1.11

Louise Laflamme

Elected

159, 483, 743

99.79

341, 685

0.21

Julie Payette

Elected

159, 291, 154

99.67

534, 274

0.33

Roseann Runte

Elected

158, 748, 381

99.33

1, 077, 047

0.67

Lino A. Saputo, Jr.

Elected

153, 946, 215

96.32

5, 879, 028

3.68

Pierre Thabet

Elected

159, 478, 887

99.78

346, 541

0.22

Louis Vachon

Elected

158, 664, 470

99.27

1, 162, 024

0.73

Information

Marie-Pierre Jodoin
Senior Advisor – Public Affairs
National Bank