Laurentian Bank of Canada completes $125 million Basel III-compliant Preferred Shares Offering

April 3, 2014

Client: Laurentian Bank of Canada

On April 3, 2014, Laurentian Bank of Canada (the Bank) completed a public offering of 5,000,000 Basel III-compliant Non-Cumulative Class A Preferred Shares, Series 13 for gross proceeds of $125,000,000 on a bought deal basis at an offering price of $25.00 per share. The offering was made pursuant to a short form base shelf prospectus of the Bank dated October 10, 2012 and a prospectus supplement of the Bank dated March 27, 2014 which were filed with the securities regulatory authorities in all provinces of Canada.

The offering was underwritten by a syndicate led by RBC Dominion Securities Inc., BMO Capital Markets and Laurentian Bank Securities Inc., and also composed of CIBC World Markets Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Desjardins Securities Inc., Canaccord Genuity Inc. and Cormark Securities Inc.

Laurentian Bank of Canada was represented in-house by Jean Daigle, Vice-President, Legal Affairs, regulatory risk management and Corporate Secretary’s office and Natalie Brown, Senior Legal Counsel, and assisted by Norton Rose Fulbright Canada LLP, with a team that included Solomon Sananes, Catherine De Laboursodière and David Crandall (corporate/securities) and Derek Chiasson (tax).