Press Release

Altamira Reports January Net Sales

TORONTO (February 2, 2006) Altamira Investment Services today announced net sales of $232.1 million for the month of January 2006.

Please refer to the following chart for a breakdown of Altamira's net sales for the month of January 2006 and current assets under management.

Altamira January Net Sales

MUTUAL FUNDS
Money-market funds	-$14.6 million
Long-term funds	-$29.5 million
MUTUAL FUNDS NET SALES	-$44.1 million

NON-MUTUAL FUNDS NET SALES	$276.2 million

TOTAL NET SALES	$232.1 million

TOTAL ALTAMIRA ASSETS UNDER MANAGEMENT (January 31, 2006)	$7.0 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:
Jessica Steinberg
Public Relations Manager
416.507.7252
jsteinberg@altamira.com