National Bank of Canada Announces the Election of Directors

MONTREAL, April 19, 2024 /CNW/ - National Bank of Canada (the "Bank") (TSX: NA) announces that all director nominees listed in the Management Proxy Circular dated February 20, 2024, were elected as directors of the Bank during the annual and special meeting of the holders of common shares (the "Meeting") held today.

The Board of Directors welcomes Arielle Meloul-Wechsler who has been elected as a director for the first time.

Arielle Meloul-Wechsler has been Executive Vice President, Chief Human Resources Officer and Public Affairs, at Air Canada since 2021, and has held several executive mandates in Human Resources at Air Canada since 2013. She has also served as President of Global Airline HR Leaders' Network of Airline People Directors' Council (APDC) since 2017 and Chair of the Board of National Airlines Council of Canada since 2020. Ms. Meloul-Wechsler was the winner of the Northern Lights Aero Foundation's 2022 Annual Elsie MacGill Business Award and of the Top 100 Award by the Women's Executive Network (WXN) in 2019. Member of the Quebec Bar, she holds a bachelor's degree in law from Université de Montréal and a Bachelor of Science in Psychology from McGill University.

During the meeting, the Chair of the Board, Mr. Robert Paré, mentioned that Ms. Meloul-Wechsler has a rich professional background and has in-depth knowledge in governance, human resources and client experience, which are major assets for the Board.

Mr. Paré also addressed a word to the outgoing directors: "I would like to extend my warmest thanks to Maryse Bertrand and Lino A. Saputo, who are not seeking re-election. Their dedication, collegiality, sense of the Bank, in short, their overall contribution, over the past 12 years, have contributed to the growth of the Bank, which has established itself as a leader in its sector."

Here are the detailed results of the votes:

DIRECTOR NOMINEE	OUTCOME	FOR	% FOR	WITHHELD	% WITHHELD
Pierre Blouin	Elected	184,924,860	99.54 %	856,522	0.46 %
Pierre Boivin	Elected	181,735,714	97.82 %	4,045,620	2.18 %
Yvon Charest	Elected	183,522,504	98.78 %	2,258,878	1.22 %
Patricia Curadeau-Grou	Elected	184,466,645	99.29 %	1,314,737	0.71 %
Laurent Ferreira	Elected	185,027,873	99.59 %	753,509	0.41 %
Annick Guérard	Elected	184,326,768	99.22 %	1,454,614	0.78 %
Karen Kinsley	Elected	183,781,498	98.92 %	1,999,884	1.08 %
Lynn Loewen	Elected	183,238,986	98.63 %	2,542,396	1.37 %
Rebecca McKillican	Elected	184,961,466	99.56 %	819,916	0.44 %
Arielle Meloul-Wechsler	Elected	174,902,211	94.14 %	10,879,171	5.86 %
Robert Paré	Elected	182,356,594	98.16 %	3,424,788	1.84 %
Pierre Pomerleau	Elected	184,979,742	99.57 %	801,640	0.43 %
Macky Tall	Elected	184,061,186	99.07 %	1,720,210	0.93 %

The results of the final votes regarding all matters subject to a vote during the annual and special meeting of the holders of common shares and the special meeting of the holders of first preferred shares are available on the websites of the Bank and SEDAR+.

About National Bank of Canada

With $434 billion in assets as at January 31, 2024, 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). Follow the Bank's activities at nbc.ca or via social media.

SOURCE National Bank of Canada

Marianne Ratté, Vice-President and Head, Investor Relations, National Bank of Canada, Tel.: [phone]; Debby Cordeiro, Senior Vice-President - Communications, Public Affairs and ESG, National Bank of Canada, Tel.: [phone]