Press Release

Altamira Reports May Net Sales

TORONTO (June 2, 2006) Altamira Investment Services today announced net sales of $256.0 million for the month of May 2006.

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

Altamira May Net Sales

MUTUAL FUNDS
Money-market funds	-$4.0 million
Long-term funds	-$44.5 million
MUTUAL FUNDS NET SALES	-$48.5 million

NON-MUTUAL FUNDS NET SALES	$304.5 million

TOTAL NET SALES	$256.0 million

TOTAL ALTAMIRA ASSETS UNDER MANAGEMENT (May 31, 2006)	$8.1 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:
Jessica Steinberg
Public Relations Manager
(416) 507-7252
jsteinberg@altamira.com