Press Release

Altamira Reports August Net Sales

TORONTO (September 1, 2005) Altamira Investment Services today announced net sales of $245.7 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	-$5.4 million
Long-term funds	-$31.2 million
MUTUAL FUNDS NET SALES	-$36.6 million

OTHER INVESTMENT SOLUTIONS
Altamira High-Interest CashPerformer	$282.1 million
Other non-mutual fund products (GICs)	-$0.2 million
NON-MUTUAL FUNDS NET SALES	$282.3 million

TOTAL NET SALES	$245.7 million

ALTAMIRA ASSETS UNDER MANAGEMENT (August 31, 2005) Mutual Funds Other Investment Solutions:	$3.8 billion
Altamira High-Interest CashPerformer	$1.9 billion
GICs	$37.5 million
TOTAL ASSETS UNDER MANAGEMENT	$5.7 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