TORONTO, May 14 /CNW/ - Scotiabank today announced a Cdn$50,000
contribution to Canadian Red Cross China Earthquake fund. The Bank has also
established an account for employee contributions, with the Bank providing
matching funds of up to Cdn$50,000, also to the Canadian Red Cross China
Earthquake fund.
    "Our thoughts are with the victims and families that have been affected
by the earthquake in China," said Rick Waugh, Scotiabank President and Chief
Executive Officer. "The extensive damage that has been caused to entire
communities will mean that rebuilding efforts will continue for many months.
We are glad to be able to play a role in that effort."
    Scotiabank operates in 11 countries in the Asia-Pacific region. The Bank
has been in China since opening a Beijing Representative Office in 1982.
    "Our colleagues in China are all safe and accounted for, and with this
donation we are building on their efforts to alleviate the suffering," said
Mr. Waugh.
    Canadians are also invited to support the Canadian Red Cross China
Earthquake fund with donations through Scotiabank's national branch network.

    Scotiabank is committed to supporting the communities in which we live
and work, both in Canada and abroad. Recognized as a leader internationally
and among Canadian corporations for its charitable donations and philanthropic
activities, in 2007 the Bank provided more than $43 million in sponsorships
and donations to a variety of projects and initiatives, primarily in the areas
of healthcare, education, social services and arts and culture. Scotiabank is
on the World Wide Web at www.scotiabank.com.