Policy for the Disclosure

Summary of Laurentian Bank Policy for the Disclosure of Financial Information

Objective of the policy

To establish rules for identifying the importance of information and the appropriate timing for its disclosure and to create a framework for the disclosure process.

 

Nature of the information disclosed

  • Generally speaking, any material information about Laurentian Bank (the "Bank") is disclosed to the public.
  • According to the policy of the Toronto Stock Exchange (the "Exchange") regarding the disclosure of information, material information is defined as any information relating to the company and its operations which results, or might reasonably be expected to result, in a significant change in the market price or value of the company’s securities listed on the Exchange
  • Material information includes important changes and facts about the Bank and its operations, including financial results, the declaration of dividends, an acquisition, a public offering, and so on.
  • Material information can be positive or negative.
  • Determining whether or not the information is considered material is primarily a matter of judgment and evaluation of the surrounding circumstances.

Timing of disclosure

  • In accordance with regulatory requirements, material information is disclosed as soon as it is known by the management of the Bank or, in the case of information already known, as soon as it becomes clear that the information is material.

Dissemination of information

  • At the Bank, material information is disseminated fairly and without discrimination, meaning in a non-selective manner. Material information is thus made available to everyone at the same time.
  • The management of the Bank does not comment on market rumours, except under certain circumstances.
  • The Bank observes an information blackout period for 10 days preceding the last day of a quarter until the publication of quarterly or annual results. During this period, the Bank does not communicate with analysts, investors or the media to discuss the Bank’s financial results or corporate developments, other than to respond to factual and unsolicited requests regarding those topics, taking care to reveal no material information not previously disclosed to the public.

Methods for the dissemination of information

  • In accordance with the requirements of the Exchange, the Bank disseminates any material information through a press release which is distributed on a press wire having nationwide and simultaneous coverage, thus enabling the fullest possible dissemination of information to the public.
  • In addition to disseminating material information through a press release, the Bank may resort to other means of distribution, including quarterly conference calls with analysts and investors, the Bank’s web site and other channels.