Press Release

Introducing the Altamira Global Blue Chip Note

TORONTO (December 5, 2005) Altamira Investment Services today announced the launch of the Altamira Global Blue Chip Note. The Note is the second in a series the company plans to offer over the coming months and is only available to investors directly from Altamira. In October, Altamira announced the launch of the Canadian Blue Chip Note Series 1.

The Altamira Global Blue Chip Note offers investors unlimited potential return with the security of having their initial investment fully protected at maturity. Investors will benefit from the potential gains in a benchmark portfolio of 30 leading global companies including financial institutions, consumer staples, energy providers, telecom services and healthcare companies. The Note is available for sale starting Monday, December 5, 2005.

"Principal protected notes are an excellent way for investors to participate in the stock market with the security of having their principal protected. With the Global Blue Chip Note we now offer the benefits of principal protection coupled with the benefits of global portfolio exposure," said Ian Dillon, chief investment strategist for Altamira.

National Bank of Canada is issuing the Global Blue Chip Note and provides principal protection at maturity. The issue price is $100 per note with a minimum investment of $500. Each note will have a minimum redemption price at maturity of $100, regardless of the benchmark portfolio's return. The Bank may redeem all of the notes four years from the issue date for a price per note of $146.41, providing a compound annual return of approximately 10%. No income taxes are payable during the holding period and the Note is eligible for all registered plans.

The Note can be purchased until January 31, 2006 directly from an Altamira Advisor by calling 1-888-ALTAMIRA or by visiting one of our investor centres across Canada. The complete terms of the offering can be found in the Information Statement. Additional details and the Information Statement are available at www.altamira.com.

Altamira is a leading investment services company, offering a wide range of mutual funds, savings products, financial planning and managed portfolio 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:
Jessica Steinberg
Public Relations Manager
(416) 507-7252
jsteinberg@altamira.com