Press Release

Altamira Reports July Net Sales

TORONTO (August 3, 2006) Altamira Investment Services today announced net sales of $151.4 million for the month of July 2006.

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

Altamira July Net Sales

MUTUAL FUNDS
Money-market funds	$12.9 million
Long-term funds	-$31.5 million
MUTUAL FUNDS NET SALES	-$18.6 million

NON-MUTUAL FUNDS NET SALES	$170.0 million

TOTAL NET SALES	$151.4 million

TOTAL ALTAMIRA ASSETS UNDER MANAGEMENT (July 31, 2006)	$8.7 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