PRESS RELEASES

National Bank of Canada Announces the Election of Directors: Macky Tall Joins the Board of Directors

Montreal, April 23, 2021

National Bank of Canada (the “Bank”) (TSX: NA) announced that all Director nominees listed in the Management Proxy Circular dated February 24, 2021 have been elected as Directors of the Bank during the Annual Meeting of the Holders of Common Shares which was held today.

The Board of Directors welcomes two Directors elected for the first time, Macky Tall and Laurent Ferreira. Macky Tall joins the Board of Directors as of today. Mr. Tall has been Co-Chair of Carlyle Group’s Infrastructures group since April 2021. He previously held various positions of increasing responsibility during his 16-year career at the Caisse de dépôt et placement du Québec. At the time of his departure in December 2020, he held the positions of Head of Real Assets and Private Equity, and President and Chief Executive Officer, CDPQ Infra. Mr. Tall has a Bachelor’s degree in Business Administration (Finance) from HEC Montréal, a Master’s degree in Business Administration (Finance) from the University of Ottawa and an undergraduate degree in Economics from Université de Montréal. Laurent Ferreira was appointed to the Board of Directors in February 2021 when he started in the position of Chief Operating Officer. Prior to that, he was Co-Head of Financial Markets and Co-Head of Transformation at the Bank.

“I am proud to welcome Laurent Ferreira and Macky Tall to the Board of Directors. Their extensive professional experience and strong skills in strategic leadership, finance and risk oversight will be important assets for the development of the Bank,” said Jean Houde, Chairman of the Board of Directors. “On behalf of the Bank’s shareholders and employees, I would also like to highlight Raymond Bachand’s contribution, as he is leaving the Board of Directors today. With his extensive experience particularly in major public office positions, he has been instrumental in enhancing our work since 2014.”

Here are the detailed results of the votes:

DIRECTOR NOMINEE

OUTCOME

FOR

% FOR

WITHHELD

% WITHHELD

Maryse Bertrand

Elected

184,027,921

99.27%

1,349,507

0.73%

Pierre Blouin

Elected

183,916,926

99.21%

1,459,905

0.79%

Pierre Boivin

Elected

182,133,816

98.25%

3,243,015

1.75%

Manon Brouillette

Elected

183,938,158

99.22%

1,439,270

0.78%

Yvon Charest

Elected

183,921,746

99.21%

1,455,602

0.79%

Patricia Curadeau-Grou

Elected

185,075,504

99.84%

301,924

0.16%

Laurent Ferreira

Elected

183,366,752

98.92%

2,010,676

1.08%

Jean Houde

Elected

183,819,952

99.16%

1,557,476

0.84%

Karen Kinsley

Elected

183,637,415

99.06%

1,740,013

0.94%

Rebecca McKillican

Elected

183,959,871

99.24%

1,417,557

0.76%

Robert Paré

Elected

185,022,568

99.81%

354,860

0.19%

Lino A. Saputo

Elected

183,708,076

99.10%

1,669,352

0.90%

Andrée Savoie

Elected

185,074,780

99.84%

302,648

0.16%

Macky Tall

Elected

184,999,372

99.80%

363,119

0,20%

Pierre Thabet

Elected

184,063,161

99.29%

1,314,267

0.71%

Louis Vachon

Elected

184,547,239

99.55%

830,189

0.45%

The results of the final votes regarding all matters subject to a vote during the Annual Meeting are available on the Bank’s website or SEDAR.

About National Bank of Canada
With $344 billion in assets as at January 31, 2021, 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