News and Publications

First Issuance of The Natcan QSSP II Investment Fund, Series 2010

Special communication

Montreal, April 8, 2010 – Natcan Investment Management Inc., a subsidiary of National Bank Financial Group, announces the first issuance of Category A Shares, Series 2010 of The Natcan QSSP II Investment Fund Inc.
(the “Fund”).

An excellent opportunity for investors that also allows them to encourage Quebec businesses

The Fund, currently in its second year of existence since the plan was amended in March 2009, seeks to combine the benefits of diversification and professional management with a structure that will capitalize on all the advantages of the Quebec Stock Savings Plan II (the ‘’QSSP II’’).

This Fund’s investment objectives are to provide medium- and long-term capital appreciation and to entitle subscribers of Class A Shares, Series 2010 of the Fund to claim a deduction under the QSSP II for Quebec income tax purposes for the 2010 tax year. The Fund will therefore invest the proceeds of its issuance of Class A Shares, Series 2010 primarily in Quebec-based companies whose securities qualify for the QSSP II.

The first issuance of The Natcan QSSP II Investment Fund Inc. Class A shares, Series 2010 opened April 7 and ends on April 16, 2010.

Should you wish to purchase Class A shares, Series 2010 of The Natcan QSSP II Investment Fund Inc., you may contact National Bank Financial at 514-879-2222 or at 1-800-361-8838 (toll free); National Bank Direct Brokerage at 514-866-6755 or at 1-800-363-3511 (toll free); or the majority of investment advisors or mutual fund sales representatives licensed in Quebec. A minimum initial investment of $2,000 per subscriber is required.

Legal notes
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments.  Please read the prospectus of the Fund before investing. The Fund’s securities are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer. The Fund is not guaranteed; its value changes frequently and past performance may not be repeated. No securities regulatory authority has expressed an opinion about the securities of this Fund.

About Natcan Investment Management Inc.
Founded in 1990, Natcan Investment Management Inc. is a National Bank subsidiary that is 14% held by its management team. Recognized as an important institutional fund manager in Canada, Natcan Investment Management specializes in portfolio management for pension funds, endowment funds, pooled funds and wealth management. As at February 28, 2010, it had approximately $25 billion in assets under management and employed over 100 employees.

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For information

Alexandre Dobbie
Assistant Vice President, Distribution
Natcan Investment Management
Tel.: 514-871-7919

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