Press Release

Altamira Investment Services Inc. Receives Unitholder Approval of Six Proposed Fund Mergers

TORONTO (September 4, 2007) Following special meetings of unitholders, Altamira Investment Services Inc. (Altamira) today announced approval of six proposed fund mergers, which will take effect after the close of business on September 7, 2007.

“The mergers will provide greater transparency among Altamira’s fund mandates while continuing to offer investors a broad range of investment choice. The streamlined family of funds makes it easier for investors to work with Altamira advisors to build and manage portfolios tailored to their personal investment goals,” says Altamira’s Chief Operating Officer, James Whitman.

Completed Altamira Fund Mergers Terminating funds will merge with and adopt the investment objectives of the corresonding Continuing Fund. (Additional details on the fund mergers are at www.altamira.com)
Terminating Funds	Continuing Funds
Altamira Global 20 Fund	Altamira Global Value Fund
Altamira Global Financial Services Fund	Altamira Global Value Fund
Altamira e-business Fund	Altamira Science and Technology Fund
Altamira Biotechnology Fund	Altamira Health Sciences Fund
Altamira Precision Dow 30 Index Fund	Altamira Precision U.S. RSP Index Fund (to be renamed "Altamira Precision U.S. Currency Neutral Index Fund")
Altamira Precision European RSP Index Fund	Altamira Precision European Index Fund

The Altamira Precision European Index Fund will decrease its management fee. Previous to the merger, the Altamira Precision European Index Fund paid a maximum management fee of 0.50% plus operating expenses of up to 0.70% (plus taxes). In order to accommodate the merger of Altamira Precision European RSP Index Fund into Altamira Precision European Index Fund, Altamira Investment Services will reduce the management fee for Altamira Precision European Index Fund to 0.45% and cap its operating expenses at 0.50% (excluding taxes).

In addition, the Altamira Precision International RSP Index Fund will be renamed the Altamira Precision International Currency Neutral Index Fund. The Altamira Precision U.S. RSP Index Fund will be renamed the Altamira Precision U.S. Currency Neutral Index Fund. Both name changes are effective September 10, 2007.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

About Altamira
Altamira Investment Services is a leading provider of financial and retirement planning services offering a wide range of investment solutions including mutual funds, savings accounts, principal-protected notes 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. www.altamira.com

Media contact:
Crystal Jongeward
Public Relations Specialist
(416) 507-7252
cjongeward@altamira.com