Press Release

Altamira Reports October Net Sales

TORONTO (November 2, 2005) Altamira Investment Services today announced net sales of $196.3 million for the month of October 2005.

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

Altamira October Net Sales

MUTUAL FUNDS
Money-market (short-term) funds	$1.0 million
Long-term funds	-$39.6 million
MUTUAL FUNDS NET SALES	-$38.6 million

OTHER INVESTMENT SOLUTIONS
Altamira High-Interest CashPerformer	$233.8 million
Other non-mutual fund products (GICs)	$1.1 million
NON-MUTUAL FUNDS NET SALES	$234.9 million

TOTAL NET SALES	$196.3 million

ALTAMIRA ASSETS UNDER MANAGEMENT (October 31, 2005) Mutual Funds Other Investment Solutions:	$3.6 billion
Altamira High-Interest CashPerformer	$2.5 billion
GICs	$38.8 million
TOTAL ASSETS UNDER MANAGEMENT	$6.1 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