First Canadian Bespoke Unprotected Retail Note Issued

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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First Canadian Bespoke Unprotected Retail Note Issued

National Bank Financial, a branch of the National Bank of Canada, sold CAD15 million in non-principal protected structured notes taking a bearish view on the 4% June 2041 Government of Canada 30-year bond last week.

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