Registered holders of Scotiabank preferred shares are eligible to participate in the Dividend and Share Purchase Plan for the purchase of common shares.

All outstanding issues of Scotiabank preferred shares are non-cumulative.

For fiscal 2009, payment and record dates are as follows:

The Scotiabank Group has several different issues of preferred shares. To learn about the key features of a particular series, select the appropriate link below:

Key features for Series 12 (BNS.PR.J) Preferred Shares of the Bank CUSIP No. 064149 81 8, for Series 13 (BNS.PR.K) Preferred Shares of the Bank CUSIP No. 064149 79 2, for Series 14 (BNS.PR.L) Preferred Shares of the Bank CUSIP No. 064149 78 4, for Series 15 (BNS.PR.M) Preferred Shares of the Bank CUSIP No. 064149 77 6, for Series 16 (BNS.PR.N) Preferred Shares of the Bank CUSIP No. 064149 76 8, for Series 17 (BNS.PR.O) Preferred Shares of the Bank CUSIP No. 064149 75 0, for Series 18 (BNS.PR.P) Preferred Shares of the Bank CUSIP No. 064149 74 3, for Series 20 (BNS.PR.Q) Preferred Shares of the Bank CUSIP No. 064149 7 27, for Series 22 (BNS.PR.R) Preferred Shares of the Bank CUSIP No. 064149 6 93, for Series 24 (BNS.PR.S) Preferred Shares of the Bank, for Series 26 (BNS.PR.T) Preferred Shares of the Bank CUSIP No. 064149 67 7 and for Series 28 (BNS.PR.X) Preferred Shares of the Bank CUSIP No. 064149 65 1.

Key features for units of Scotia BaTS: BNS Capital Trust: CUSIP No. 05564P AA 9, Scotia BaTS II Series 2002-1: CUSIP No. 80928B AA 4, Scotia BaTS II Series 2003-1: CUSIP No. 80928B AB 2, Scotia BaTS II Series 2006-1: CUSIP No. 80928B AC 0.

Dividend Taxation
The federal Income Tax Act, and most provincial income tax legislation, provides lower levels of taxation for Canadian individuals who receive eligible dividends. All of the dividends paid by the Bank of Nova Scotia, and any of its subsidiaries, in 2006 are eligible dividends and all dividends paid hereafter will be eligible dividends unless indicated otherwise.