Ms. Marianne Ratte reports

NATIONAL BANK OF CANADA ANNOUNCES THE ELECTION OF DIRECTORS

Each director nominee listed in the management proxy circular dated Feb. 24, 2025, was elected as director of National Bank of Canada during the annual meeting of the shareholders held today.

The board of directors welcomes Scott Burrows, Sarah Morgan-Silvester and Irfhan Rawji who have been elected as members of the board for the first time.

Here are the detailed results of the votes as shown in the attached table.

The results of the final votes regarding all matters subject to a vote during the annual meeting of shareholders are available on the websites of the bank and SEDAR+.

About National Bank of Canada

With $484-billion in assets as at Jan. 31, 2025, National Bank of Canada is one of Canada's six systemically important banks. The bank has approximately 30,000 employees in knowledge-intensive positions and operates through three business segments in Canada: personal and commercial banking, wealth management, and financial markets. A fourth segment, U.S. Specialty Finance and International, complements the growth of its domestic operations. Its securities are listed on the Toronto Stock Exchange (TSX: NA).