Press release

Brussels, 16 April 2018 – For immediate release

The Covered Bond Label Foundation (CBLF) is pleased to announce National Bank of Canada has today become the 101^st Issuer to join the Covered Bond Label. As of today, the total number of cover pools under the covered bond Label now stands at 117 across 18 jurisdictions globally.

Commenting on National Bank of Canada’s addition to the Label, Luca Bertalot, Covered Bond Label Foundation Administrator, said:

“Welcoming National Bank of Canada in the week of the 27^th ECBC Plenary Session in Vancouver is a strong signal of the global reach and attractiveness of the covered bond asset class. The growing interest of this asset class by the North American issuer and investor communities goes hand in hand with the promotion of convergence and transparency of the covered bond markets through the Covered Bond Label.”

The Covered Bond Label is a quality label, the purpose of which is to highlight the security and quality of covered bonds to investors and to further enhance recognition of and trust in the covered bond asset class.

The Covered Bond Label is open to all covered bond programmes that are compliant with the Covered Bond Label Convention and disclose their data by publishing the Harmonised Transparency Template (HTT). More information on all labelled issuers and the Label itself can be found on the Covered Bond Label website at www.coveredbondlabel.com.