National Bank of Canada Announces the Election of Directors: Lynn Loewen Joins the Board of Directors

MONTREAL, April 22, 2022 /CNW Telbec/ - National Bank of Canada (the "Bank") (TSX: NA) announced that all Director nominees listed in the Management Proxy Circular dated February 23, 2022 were elected as Directors of the Bank during the Annual Meeting of the Holders of Common Shares that was held today.

The Board of Directors welcomes a Director elected for the first time, Lynn Loewen, who joins the Board today. Ms. Loewen is a corporate director, serving on the boards of Emera Incorporated and Xplornet Communications Inc. During her career, she held the position of President at Minogue Medical Inc. from 2016 to 2019. Prior to that, she had held the position of Chief Operating Officer at the organization. She has also worked in the telecommunications sector, serving as President of Expertech Network Installation Inc. and as Vice-President of Financial Controls and Vice-President of Finance Operations at BCE Inc. She has been the Chancellor of Mount Allison University since 2018 and was a member of its board from 1998 to 2008. She holds a Bachelor of Commerce from Mount Allison University. She is a Fellow of the Chartered Professional Accountants of Nova Scotia and has received the Institute of Corporate Directors, Director designation.

"I am proud to welcome Lynn Loewen to the Bank's Board of Directors. Her impressive professional experience and her expertise in the fields of audit, financial controls, finance, as well as ESG will be a major asset for the Board," said Jean Houde, Chair of the Board of Directors.

Here are the detailed results of the votes: 

DIRECTOR NOMINEE	OUTCOME	FOR	% FOR	WITHHELD	% WITHHELD
Maryse Bertrand	Elected	188,387,729	99.54%	869,883	0.46%
Pierre Blouin	Elected	188,291,387	99.49%	966,225	0.51%
Pierre Boivin	Elected	188,402,916	99.55%	854,696	0.45%
Yvon Charest	Elected	188,070,423	99.37%	1,187,189	0.63%
Patricia Curadeau-Grou	Elected	188,168,697	99.42%	1,088,915	0.58%
Laurent Ferreira	Elected	188,879,043	99.80%	378,569	0.20%
Jean Houde	Elected	187,582,298	99.11%	1,675,314	0.89%
Karen Kinsley	Elected	186,731,955	98.67%	2,525,657	1.33%
Lynn Loewen	Elected	188,842,530	99.78%	415,082	0.22%
Rebecca McKillican	Elected	188,857,117	99.79%	400,495	0.21%
Robert Paré	Elected	188,148,137	99.41%	1,109,475	0.59%
Lino A. Saputo	Elected	188,498,873	99.60%	758,739	0.40%
Andrée Savoie	Elected	188,182,196	99.43%	1,075,416	0.57%
Macky Tall	Elected	188,823,268	99.77%	434,344	0.23%
Pierre Thabet	Elected	188,484,570	99.59%	773,042	0.41%

The results of the final votes regarding all matters subject to a vote during the Annual Meeting are available on the Bank's website as well as on SEDAR.

About National Bank of Canada

With $367 billion in assets as at January 31, 2022, National Bank of Canada, together with its subsidiaries, forms one of Canada's leading integrated financial groups. It has more than 27,000 employees in knowledge-intensive positions and has been recognized numerous times as a top employer and for its commitment to diversity. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities at nbc.ca or via social media such as Facebook, LinkedIn and Twitter.

SOURCE National Bank of Canada

Marie-Pierre Jodoin, Senior Manager - Public Affairs and Corporate Social Responsibility, National Bank of Canada, [email protected], Tel: [phone]