Pledges $150,000 to help renovate Moncton Boys & Girls Club

TORONTO (November 1, 2006) — Capital One announced a new partnership with the Boys & Girls Club in Moncton, New Brunswick and pledged $150,000 to the “True North” Capital Campaign. The grant will be used to renovate and expand the Moncton Boys & Girls Club.

“Capital One's generous investment in the Moncton Boys & Girls Club is a statement of its leadership and vision for the children and youth of our community of today and the future and serves as an invaluable role model,” said Yvonne Devine, president of the Boys & Girls Club Board.

The Moncton Boys & Girls Club has operated from its present location since 1962 and offers programs for more than 1,000 children and youth each year. The renovations will add more than 5,000 square feet which will enable the Boys & Girls Club to serve an additional 1,100 children. Once complete, the new space will also include a special-needs daycare, a dedicated space for teens, and an enhanced computer centre and more overall flexibility for existing programs. The renovations are expected to be complete by the fall of 2007.

“Capital One cares about this community and is committed to supporting organizations that enhance the lives of children and families,” said Ian Cunningham, chief operating officer for Capital One Canada. “We are proud to partner with the Boys & Girls Club because they give children practical skills to enrich their lives so they can enjoy a brighter future. We look forward to opening the doors to the newly renovated facility and, ultimately new doors of opportunity to our neighbors in Moncton.”

About Capital One Located in Toronto, Ontario, Capital One has offered Canadian consumers a range of competitive MasterCard® credit cards since 1996, when the company first introduced the Platinum MasterCard® in Canada. Capital One Canada is a division of Capital One Bank, a subsidiary of Capital One Financial Corporation of McLean, Virginia (NYSE: COF).

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