National Bank of Canada Announces Closing of Common Share Offering

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

MONTREAL, Oct. 9, 2015 /CNW Telbec/ - National Bank of Canada ("National Bank") today announced that it has closed its domestic public offering of common shares. National Bank issued 7,160,000 common shares at a price of $41.90 per share to raise gross proceeds of $300,004,000.

The offering was underwritten by a syndicate led by National Bank Financial Inc.

The additional common shares will commence trading on the Toronto Stock Exchange today under the ticker symbol NA.

The common shares were issued under a prospectus supplement dated October 2, 2015 to National Bank's short form base shelf prospectus dated December 1, 2014.

The common shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or under any state securities laws, and may not be offered, sold, directly or indirectly, or delivered within the United States of America and its territories and possessions or to, or for the account or benefit of, United States persons except in certain transactions exempt from the registration requirements of such Act. This press release shall not constitute an offer to sell or a solicitation to buy securities in the United States.

About National Bank of Canada
With $216 billion in assets as at July 31, 2015, National Bank of Canada (nbc.ca), together with its subsidiaries, forms one of Canada's leading integrated financial groups. The Bank has more than 20,000 employees and is widely recognized as a top employer. The Bank's securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities via social media and learn more about its extensive community involvement at clearfacts.ca and commitment.nationalbank.ca.

SOURCE National Bank of Canada

(The telephone numbers provided below are for the exclusive use of journalists, other media representatives and shareholders.): Hélène Baril, Senior Director, Investor Relations, National Bank of Canada, Tel.: [phone]; Claude Breton, Vice-President, Public Affairs and Investor Relations, National Bank of Canada, Tel.: [phone]