LAURENTIAN BANK OF CANADA - DIVIDEND NOTICE

MONTREAL, Dec. 8 /CNW Telbec/ - At its meeting held on December 8, 2010, the Board of Directors of the Laurentian Bank of Canada (the "Bank") declared a regular quarterly dividend of 39 cents per share on the common shares payable on February 1, 2011 to the holders on record at the close of business on January 3, 2011.

For the year 2010, all dividends declared were eligible dividends for income tax legislation purposes, including the dividend on the common shares declared on December 8, 2010.

For further information:

Gladys Caron
Vice-President, Public Affairs, Communications and Investor Relations
Office: [phone], extension 7511
Cellular: [phone]
gladys.c[email protected]