THE FIRM

National Bank Financial: A Global Leader At Your Service

STRONGEST BANK IN NORTH AMERICA

Bloomberg Magazine ranked National Bank as the third strongest bank in North America and the fifth strongest in the world.

ONE OF THE LARGEST BANKS IN CANADA

National Bank Financial Wealth Management division has over 1,000 advisors managing in excess of $75 billion for some 400,000 individual investors from a 92 branch network that extends from the Pacific to the Atlantic oceans.

INDUSTRY LEADER

National Bank Financial Corporate and Investment Banking group's 160 professionals have participated in 227 equity financings year-to-date in 2011, leading or co-leading 68 of them, as well as providing risk management solutions to many of these corporate clients.

LEADING BOND UNDERWRITER IN CANADA

In addition to being a major underwriter of federal and provincial debt, this team also commands up to a third of all financings by Canadian municipalities and participates as a lead or co-manager in over a third of all Canadian corporate debt issues.

OVER 100 YEARS... AND COUNTING

National Bank Financial has been putting its talents and creativity to work serving the investment needs of individuals and institutions since 1902.

GLOBAL REACH

Its Financial Markets division serves corporations, governments and institutional investors from offices in Canada's major cities as well as New York, London and Geneva.

TOP RANKED RESEARCH

National Bank Financial Economics and Strategy Group is regularly rated as one of the top research teams in canada. Bloomberg Magazine named National Bank Financial Chief Economist and Strateggist Stéfane Marion as the top forecaster in Canada.

National Bank Financial is an indirect wholly-owned subsidiary of National Bank of Canada which is a public company listed on the Toronto Stock Exchange (NA: TSX). The particulars contained herein were obtained from sources we believe to be reliable, but are not guaranteed by us and may be incomplete. The opinions expressed are based upon our analysis and interpretation of these particulars and are not to be construed as a solicitation or offer to buy or sell, the securities mentioned herein. National Bank Financial may act as financial advisor, fiscal agent or underwriter for certain companies mentioned herein and may receive remuneration for its services. National Bank Financial and/or its officers, directors, representatives or associates may have a position in the securities mentioned herein and may make purchases and/or sales of these securities from time to time on the open market or otherwise.