Laurentian Bank releases its management proxy circular

MONTREAL, Feb. 11, 2013 /CNW Telbec/ - Laurentian Bank of Canada (LB:TO) 
released its management proxy circular today in view of its annual and special 
meeting of shareholders to be held in Montréal this coming March 19. The 
Circular is available on SEDAR, as well as in the Investor Relations section 
of the Bank's Internet site. The notice of meeting, Circular, and related 
documents will be sent out to shareholders in the coming days. The Circular 
contains all the necessary information to enable shareholders to exercise 
their voting rights. 
Changes to the Board's Chair
After serving as director of the Bank for 11 years, including 10 as Chairman, 
Mr. Denis L. Desautels has decided to step down, effective after the next 
shareholders' meeting. 
Mr. Réjean Robitaille, President and CEO, had the following comments 
regarding Mr. Desautel's departure: "We have been privileged to be able to 
count on a man of Mr. Desautels' calibre for all these years. Over the course 
of that period, which saw the Bank reposition itself and very significantly 
increase its financial performance, he played an important role in the 
evolution of our institution. Consistently committed to acting in the best 
interest of all stakeholders, his invaluable guidance and leadership were 
instrumental in paving the way for the Bank's decisions." 
Considering Mr. Desautels' departure, and to comply with the fixed number of 
Directors set out in the Bank's general by-laws, the Bank has proposed Mr. 
Michel Lavigne as nominee. A Fellow of the Ordre des comptables professionnels 
agréés du Québec, Mr. Lavigne was a partner at Raymond ChabotGrant Thornton 
and served as its President and CEO from 2001 to 2005. In light of the 
foregoing, the 13 director nominees are the following: 

    --  Pierre Anctil, President and CEO, Fiera Axium Infrastructure
    --  Lise Bastarache, Economist and Corporate Director
    --  Jean Bazin, Q.C., Counsel with Fraser Milner Casgrain LLP
    --  Richard Bélanger, FCA, President, Toryvel Group Inc.
    --  Isabelle Courville, Corporate Director
    --  Pierre Genest, Chairman of the Board, SSQ Life Insurance
        Company Inc.
    --  Michel Labonté, Corporate Director
    --  Michel Lavigne, FCPA, CPA, Corporate Director
    --  Jacqueline C. Orange, Corporate Director
    --  Marie-France Poulin, Vice-President, Camada Group Inc.
    --  Réjean Robitaille, FCA, President and CEO, Laurentian Bank
    --  Michelle R. Savoy, Corporate Director
    --  Jonathan I. Wener, C.M., Chairman of the Board, Canderel
        Management Inc.

The members of the Board have indicated their intention to name Ms. Isabelle 
Courville as Chairwoman after the shareholders' meeting. Ms. Courville has 
been a director of the Bank since 2007. An engineer and a lawyer, Ms. 
Courville was, until recently, President of Hydro-Québec Distribution, the 
division responsible for distributing electricity at Hydro-Québec. Her 
extensive knowledge of the Bank, combined with her impressive career track 
record, make Ms. Courville an ideal candidate for the Chair's position.

About Laurentian Bank
Laurentian Bank of Canada is a pan-Canadian banking institution that has 
nearly $35 billion in balance sheet assets and $33 billion in assets under 
administration. Founded in 1846, Laurentian Bank was selected in 2012 as one 
of the 10 winners of the Canada's Passion Capitalists program in recognition 
of its sustained success through the promotion of passion within its ranks. 
The Bank employs more than 4,200 people.

Recognized for its excellent service, proximity and simplicity, Laurentian 
Bank serves more than one million clients in market segments in which it holds 
an enviable position. In addition to occupying a choice position among 
consumers in Québec, where it operates the third largest branch network, the 
Bank has built a solid reputation across Canada in the area of real estate and 
commercial financing thanks to its teams working out of more than 35 offices 
in Ontario, Québec, Alberta and British Columbia. Its subsidiary, B2B Bank, 
is a Canadian leader in providing banking products as well as investment 
accounts and services to financial advisors and brokers, while Laurentian Bank 
Securities is an integrated broker, widely recognized for its expertise and 
effectiveness nationwide.

Gladys Caron Vice-President Public Affairs, Communications and Investor 
Relations 514284-4500, extension 7511

SOURCE: Laurentian Bank of Canada

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CO: Laurentian Bank of Canada
ST: Quebec

-0- Feb/11/2013 14:51 GMT

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