National Bank of Canada Announces Election of Directors - Jean Houde Named New Chairman of the Board

MONTREAL, April 10, 2014 /CNW Telbec/ - National Bank of Canada (the "Bank") (TSX: NA) announced today that each director nominee listed in the Management Proxy Circular dated February 21, 2014 was elected as Director of the Bank during the Annual Meeting of the Holders of Common Shares held today in Calgary, Alberta. In addition, Jean Houde becomes the new Chairman of the Board, replacing the outgoing Jean Douville who is retiring after serving as Chairman for some 10 years.

The details of the election are as follows:

DIRECTOR NOMINEE	OUTCOME	FOR	% FOR	WITHHELD	% WITHHELD
Maryse Bertrand	Elected	158,481,341	99.16	1,341,100	0.84
Lawrence S. Bloomberg	Elected	158,772,401	99.34	1,053,027	0.66
Pierre Boivin	Elected	158,814,476	99.37	1,010,912	0.63
André Caillé	Elected	158,320,638	99.06	1,504,790	0.94
Gérard Coulombe	Elected	158,112,618	98.93	1,712,810	1.07
Bernard Cyr	Elected	158,848,844	99.39	976,584	0.61
Gillian H. Denham	Elected	158,289,061	99.04	1,536,327	0.96
Richard Fortin	Elected	158,885,064	99.41	940,364	0.59
Jean Houde	Elected	158,046,275	98.89	1,779,153	1.11
Louise Laflamme	Elected	159,483,743	99.79	341,685	0.21
Julie Payette	Elected	159,291,154	99.67	534,274	0.33
Roseann Runte	Elected	158,748,381	99.33	1,077,047	0.67
Lino A. Saputo, Jr.	Elected	153,946,215	96.32	5,879,028	3.68
Pierre Thabet	Elected	159,478,887	99.78	346,541	0.22
Louis Vachon	Elected	158,664,470	99.27	1,162,024	0.73

The results of the final votes regarding all matters subject to a vote during the annual meeting are available on the Bank's website (nbc.ca/investorrelations) as well as on the SEDAR website (sedar.com).

About National Bank of Canada
With $195 billion in assets as at January 31, 2014, National Bank of Canada (www.nbc.ca), together with its subsidiaries, forms one of Canada's leading integrated financial groups, and has been named among the 20 strongest banks in the world by Bloomberg Markets magazine. The Bank has close to 20,000 employees and is widely recognized as a top employer. Its 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 number provided below is for the exclusive use of journalists and other media representatives.)

Marie-Pierre Jodoin
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National Bank
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