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Press Release

Altamira Reports July Net Sales

TORONTO (August 3, 2005) Altamira Investment Services today announced net sales of $247.6 million for the month of August 2005.

Please refer to the following chart for a breakdown of Altamira's net sales for the month of August 2005 and current assets under management.

Altamira August Net Sales

MUTUAL FUNDS

  
Money-market (short-term) funds -5.8 million
Long-term funds -$27.7 million

MUTUAL FUNDS NET SALES OTHER INVESTMENT SOLUTIONS

 -$33.5 million
   
Altamira High-Interest CashPerformer $281.2 million
Other non-mutual fund products (GICs) $-0.1 million

NON-MUTUAL FUNDS NET SALES

 $281.1 million

TOTAL NET SALES

 $247.6 million

ALTAMIRA ASSETS UNDER MANAGEMENT
(July 31, 2005)
Mutual Funds
Other Investment Solutions:

 $3.8 billion
Altamira High-Interest CashPerformer $1.6 billion
GICs $37.3 million

TOTAL ASSETS UNDER MANAGEMENT

 $5.4 billion

Altamira is a leading investment services company, offering a wide range of mutual funds, savings products, managed portfolios and financial planning services. Award-winning client service, product innovation and expert advice define Altamira's distinctive approach to investment management. The company is headquartered in Toronto with offices across the country, and is a subsidiary of the National Bank of Canada.

Media Contact:
Glenn Cooper
Director of Communications
416.507.7044
gcooper@altamira.com