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Laurentian Bank of Canada closes US$250 million Medium Term Note offering

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Laurentian Bank Securities Inc.

On November 2, 2010, Laurentian Bank of Canada (LB: TSX) closed the issuance in Canada of $250,000,000 million principal amount of 2010-1 3.70% Medium Term Notes (subordinated indebtedness) due November 2, 2020 under its Medium Term Note Program. Net proceeds from the issue will be added to the Bank's general funds and will be used for general banking purposes. Laurentian Bank Securities acted as lead agent for the issue and was advised by Fasken Martineau with a team that included Gilles Leclerc and Christian Jacques.



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