Investor Centre

Dividend Reinvestment Plan

SHAREHOLDER DIVIDEND REINVESTMENT AND SHARE PURCHASE PLAN

Laurentian Bank is pleased to offer to eligible Canadian shareholders the opportunity to participate in its Dividend Reinvestment and Share Purchase Plan (the “Plan”) This Plan is effective as of December 5, 2012.

The Plan gives eligible holders of either Common Shares or Class A Preferred Shares the option to have their regular quarterly cash dividends automatically reinvested in additional Common Shares.

Participants may also purchase Common Shares monthly with optional cash payments of a minimum amount of $500 per payment, up to an aggregate sum of $20,000 in each twelve-month period ending October 31. Optional cash payments can be made by cheque or pre-authorized debit.

No brokerage commissions, fees or services charges are to be paid by the participants in connection with purchases of Common Shares under the Plan.

According to the Plan, the Bank will determine on a quarterly basis whether such Common Shares are to be issued from treasury or purchased in the market.

When Common Shares are to be issued from treasury, participants may benefit from a discount of up to 5% from the investment price. The press releases announcing quarterly dividends will indicate what discount, if any, is offered. No discount will be applied for Common Shares purchased in the open market or with optional cash payments.

Computershare Trust Company of Canada (“Computershare”) has been designated as the Plan agent and will act on behalf of the participants. The full text of the Plan is now available on the Computershare website, at www.investorcentre.com/laurentianbank

Eligibility

Shareholders who are residents of the United States of America or its territories or possessions may not participate in the Plan, as the Common Shares issued under the Plan are not registered under the United States Securities Act of 1933, as amended.

Other Shareholders who are non-residents of Canada may participate in the Plan, provided the laws of their country of residence do not prohibit them from doing so. In such case, dividends payable are reinvested after deduction of the applicable tax withholdings, if any.

How to participate in the Plan

Dividend reinvestment: If your eligible shares are registered in your name, you may enroll in the Plan by completing the enrollment form through Computershare’s self-service web portal, Investor Centre, at www.investorcentre.com/laurentianbank. You may also call Computershare at 1-800-564-6253.

If your eligible shares are held in an account with your broker, investment dealer, financial institution or other nominee (“Intermediary”), you should contact them in order to determine the process by which you may enroll in the Plan.

Optional cash payments: An eligible shareholder must have enrolled in the dividend reinvestment component of the Plan in order to be eligible to participate in the optional cash payment component of the Plan.eligible shareholder must have enrolled in the dividend reinvestment component of the Plan in order to be eligible to participate in the optional cash payment component of the Plan.

Registered shareholders may make optional cash payments by cheque along with a duly completed “Optional Cash Purchase – Participant Declaration Form», available at www.investorcentre.com/laurentianbank.

Shareholders who hold eligible shares through an Intermediary may make an initial optional cash payment without being required to become a registered shareholder. In order to do so, they should contact their Intermediary.

Notices

All notices required to be given under the Plan shall be mailed to registered participants at the addresses shown on the records maintained by Computershare (Transfer Agent).

All communications with Computershare and any further questions regarding the Plan should be addressed to:

Computershare Trust Company of Canada
100 University Ave., 9th Floor, North Tower
Toronto, Ontario M5J 2Y1
Telephone: Canada and the United States: 1-800-564-6253 (toll free)
All other countries 514-982-7800
Online: www.investorcentre.com/service