Scotiabank Reports Dividend Information On Common Shares Ending 31 January 2009

Scotiabank declares a dividend on its common shares of 49 cents per common share for the quarter ending 31 January 2009, payable on 28 January 2009, to shareholders of record at the close of business on 6 January 2009. Here

By None

Scotiabank declares a dividend on its common shares of 49 cents per common share for the quarter ending 31 January 2009, payable on 28 January 2009, to shareholders of record at the close of business on 6 January 2009.

Here is the review of these dividends:

Series 12, Dividend # 42

of

$0.328125

per share;

Series 13, Dividend # 15

of

$0.30

per share;

Series 14, Dividend # 8

of

$0.28125

per share;

Series 15, Dividend # 7

of

$0.28125

per share;

Series 16, Dividend # 5

of

$0.328125

per share;

Series 17, Dividend # 4

of

$0.35

per share;

Series 18, Dividend # 3

of

$0.3125

per share;

Series 20, Dividend # 3

of

$0.3125

per share;

Series 22, Dividend # 1

of

$0.4829

per share.

Holders may elect to receive their dividends in common shares of the Bank in lieu of cash dividends, in accordance with the Bank’s Shareholder Dividend and Share Purchase Plan.

L.D.

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