Altamira Press Release

Altamira Introduces High-Interest CashPerformer

Toronto (December 1, 2004) Altamira Investment Services Inc. (Altamira) today announced the launch of the Altamira High-Interest CashPerformer. Whether investors are looking to save for future purchases or for a short-term parking place while they decide where to invest, High-Interest CashPerformer is an ideal alternative to a traditional savings account.

As of December 1st, 2004 the High-Interest CashPerformer rate is 2.40%. Altamira is committed to offering a highly competitive rate of interest†.  This product is a re-launch of Altamira CashPerformer. All investors currently holding CashPerformer will receive the High-Interest CashPerformer rate automatically.

Key Benefits: 
· Competitive interest rate (calculated daily and paid monthly)
· No fees or service charges
· Investors have easy access to their money
· No minimum balance
· RRSP eligible
· Canada Deposit Insurance Corporation (CDIC) insured*

"Whether it's saving for a rainy day or as part of an overall investment strategy, every investor's portfolio should include a cash component.  With Altamira High-Interest CashPerformer, we are committed to providing a very competitive savings product for those wanting a higher rate of interest," said Greg A. Reed, President and CEO of Altamira.

Altamira is a leading investment services company, offering a wide range of mutual funds, savings products, custom portfolios, and financial planning to both individual investors and institutional clients.  Personal attention, expert advice and investment performance are the foundation of Altamira's award-winning client service.  The company is headquartered in Toronto with offices across the country, and is a subsidiary of the National Bank of Canada.  www.altamira.com

†The rate is set by Altamira and is subject to change without notice.
*CashPerformer holdings are eligible for CDIC insurance, subject to CDIC limits.

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