Laurentian Bank - Dividend notice



    MONTREAL, Nov. 7 /CNW Telbec/ - At its meeting held on November 7, 2007,
the Board of Directors of the Laurentian Bank of Canada (the "Bank") has
declared the following dividends:

    
    - a dividend of $0.375 on the preferred shares Series 9, payable on
      December 15, 2007 to shareholders of record at the close of business on
      December 10, 2007; and
    - a dividend of $0.328125 on the preferred shares Series 10, payable on
      December 15, 2007 to shareholders of record at the close of business on
      December 10, 2007.
    

    Effective January 1, 2006, the Federal Government implemented a new
dividend tax regime for dividends paid by Canadian corporations to their
shareholders. Certain provinces have also replicated the federal regulations
governing such dividends. In accordance with this new regime, the Bank advises
that all dividends declared in 2006 and 2007 were eligible dividends and that
all future dividends will be eligible, unless indicated otherwise.




For further information:

For further information: Media and Investors Relations: Gladys Caron,
(514) 284-4500, extension 7511, Cellular: (514) 893-3963,
gladys.caron@banquelaurentienne.ca

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Laurentian Bank of Canada

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