Press Release

Altamira Reports November Net Sales

TORONTO (December 2, 2005) Altamira Investment Services today announced net sales of $64.1 million for the month of November 2005.

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

Altamira November Net Sales

MUTUAL FUNDS
Money-market funds	$9.8 million
Long-term funds	-$25.1 million
MUTUAL FUNDS NET SALES	-$15.3 million

NON-MUTUAL FUNDS NET SALES	$79.4 million

TOTAL NET SALES	$64.1 million

TOTAL ALTAMIRA ASSETS UNDER MANAGEMENT (November 30, 2005)	$6.3 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