Scotiabank announces dividend on common shares



    TORONTO, March 6 /CNW/ - Scotiabank today announced a dividend of 42
cents per common share for the quarter ending April 30, 2007, payable on
April 26, 2007, to shareholders of record at the close of business on April 3,
2007.
    The Bank also declared the following dividends on Non-Cumulative
Preferred Shares for the quarter ending April 30, 2007, payable on April 26,
2007, to shareholders of record at the close of business on April 3, 2007:

    
    -   Series 12, Dividend No. 35 of $0.328125 per share;
    -   Series 13, Dividend No. 8 of $0.30 per share.
    -   Series 14, Dividend No. 1 of $0.28356 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.

    %SEDAR: 00001289EF          %CIK: 0000009631




For further information:

For further information: Kevin Harraher, Vice-President, Investor
Relations, (416) 866-5982; Paula Cufre, Scotiabank Public Affairs, (416)
933-1093


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