PRESS RELEASES

National Bank of Canada Announces the Election of Directors: Lynn Loewen Joins the Board of Directors

Montreal, April 22, 2022

National Bank of Canada (the “Bank”) (TSX: NA) announced that all Director nominees listed in the Management Proxy Circular dated February 23, 2022 were elected as Directors of the Bank during the Annual Meeting of the Holders of Common Shares that was held today.

The Board of Directors welcomes a Director elected for the first time, Lynn Loewen, who joins the Board today. Ms. Loewen is a corporate director, serving on the boards of Emera Incorporated and Xplornet Communications Inc. During her career, she held the position of President at Minogue Medical Inc. from 2016 to 2019. Prior to that, she had held the position of Chief Operating Officer at the organization. She has also worked in the telecommunications sector, serving as President of Expertech Network Installation Inc. and as Vice-President of Financial Controls and Vice-President of Finance Operations at BCE Inc. She has been the Chancellor of Mount Allison University since 2018 and was a member of its board from 1998 to 2008. She holds a Bachelor of Commerce from Mount Allison University. She is a Fellow of the Chartered Professional Accountants of Nova Scotia and has received the Institute of Corporate Directors, Director designation.

“I am proud to welcome Lynn Loewen to the Bank's Board of Directors. Her impressive professional experience and her expertise in the fields of audit, financial controls, finance, as well as ESG will be a major asset for the Board,” said Jean Houde, Chair of the Board of Directors.

Here are the detailed results of the votes:

DIRECTOR NOMINEE

OUTCOME

FOR

% FOR

WITHHELD

% WITHHELD

Maryse Bertrand

Elected

188,387,729

99.54%

869,883

0.46%

Pierre Blouin

Elected

188,291,387

99.49%

966,225

0.51%

Pierre Boivin

Elected

188,402,916

99.55%

854,696

0.45%

Yvon Charest

Elected

188,070,423

99.37%

1,187,189

0.63%

Patricia Curadeau-Grou

Elected

188,168,697

99.42%

1,088,915

0.58%

Laurent Ferreira

Elected

188,879,043

99.80%

378,569

0.20%

Jean Houde

Elected

187,582,298

99.11%

1,675,314

0.89%

Karen Kinsley

Elected

186,731,955

98.67%

2,525,657

1.33%

Lynn Loewen

Elected

188,842,530

99.78%

415,082

0.22%

Rebecca McKillican

Elected

188,857,117

99.79%

400,495

0.21%

Robert Paré

Elected

188,148,137

99.41%

1,109,475

0.59%

Lino A. Saputo

Elected

188,498,873

99.60%

758,739

0.40%

Andrée Savoie

Elected

188,182,196

99.43%

1,075,416

0.57%

Macky Tall

Elected

188,823,268

99.77%

434,344

0.23%

Pierre Thabet

Elected

188,484,570

99.59%

773,042

0.41%

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

About National Bank of Canada
With $367 billion in assets as at January 31, 2022, National Bank of Canada, together with its subsidiaries, forms one of Canada's leading integrated financial groups. It has more than 27,000 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:

Marie-Pierre Jodoin
Senior Manager – Public Affairs and Corporate Social Responsibility
National Bank of Canada
MariePierre.Jodoin@nbc.ca
514-394-4209