TORONTO, March 4 /CNW/ - Scotiabank today announced a dividend of 47
cents per common share for the quarter ending April 30, 2008, payable on
April 28, 2008, to shareholders of record at the close of business on April 1,
2008.
    The Bank also declared the following dividends on Non-Cumulative
Preferred Shares for the quarter ending April 30, 2008, payable on April 28,
2008, to shareholders of record at the close of business on April 1, 2008:-   Series 12, Dividend No. 39    of    $0.328125   per share;
    -   Series 13, Dividend No. 12    of    $0.30       per share;
    -   Series 14, Dividend No. 5     of    $0.28125    per share;
    -   Series 15, Dividend No. 4     of    $0.28125    per share;
    -   Series 16, Dividend No. 2     of    $0.328125   per share;
    -   Series 17, Dividend No. 1     of    $0.33753    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.

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