-   Scotiabank and Scotia Capital Named Best Corporate/Institutional
        Internet Bank in Canada
    -   Scotiabank Jamaica and Scotiabank Dominican Republic Named Best
        Consumer Internet BanksTORONTO, Aug. 10 /CNW/ - Scotiabank and Scotia Capital have been named
the "Best Internet Corporate/Institutional Bank" in Canada by a major
international financial magazine. Global Finance also recognized Scotiabank
Jamaica and Scotiabank Dominican Republic with "Best Consumer Internet Bank"
awards in its World's Best Internet Banks competition in Latin America. The
rankings will be published in the September 2009 issue of Global Finance.
    "We are honoured to receive this award from Global Finance and to be
recognized for the breadth and innovation of our online offerings, such as
ScotiaConnect electronic banking, ScotiaGlobal and TradeExpress elite," said
Alberta G. Cefis, Executive Vice-President & Head, Global Transaction Banking,
Scotiabank. "We look forward to continued development of our Internet services
to meet the evolving needs of our customers."
    "As more and more customers turn to internet banking to meet their
financial needs, staying up-to-date with technology in applications such as
ScotiaFX, Scotia Prime Brokerage and Scotia Capital Online, is extremely
important in ensuring that we are delivering the highest level of service for
our customers," says Mike Durland, Group Head, Global Capital Markets and
Co-CEO, Scotia Capital.
    The awards pay tribute to the most successful and innovative online banks
throughout the world. Judging criteria is based on strength of strategy for
attracting and servicing online customers, success in getting clients to use
web offerings, growth of online customers, scope of product offerings,
evidence of tangible benefits gained from Internet initiatives, and web site
design and functionality.
    "Deploying a robust and successful internet banking solution across our
international platform has been a priority for the Bank and we are thrilled to
be recognized with a Global Finance award," said Kim McKenzie, Executive Vice
President, Information Technology & Solutions, Scotiabank. "Customers
throughout the Caribbean and Latin America are embracing online banking
capabilities and we are proud to offer a first-class option."
    "In less than a decade, the Internet has transformed the way many
consumers and most businesses bank," says Joseph D. Giarraputo, publisher of
Global Finance. "The continuing improvements in Internet offerings represented
by this year's entries show that more significant Internet banking
developments are still ahead of us."

    About Scotiabank

    Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With close to 69,000 employees, Scotiabank
Group and its affiliates serve approximately 12.8 million customers in some 50
countries around the world. Scotiabank offers a diverse range of products and
services including personal, commercial, corporate and investment banking.
With more than $513 billion in assets (as at April 30, 2009), Scotiabank
trades on the Toronto (BNS) and New York Exchanges (BNS). For more information
please visit www.scotiabank.com.

    About Global Transaction Banking

    Scotiabank's Global Transaction Banking (GTB) business provides financial
solutions to commercial and corporate clients domestically and around the
world. Scotiabank, through its Global Transaction Banking (GTB) unit,
currently offers a wide variety of supply-chain financing services, including
electronic banking and payments, trade finance, commercial and business cards,
foreign exchange and correspondent banking. In partnership with Scotiabank's
International Banking Division and its wholesale banking division, Scotia
Capital, GTB has an extensive network in some 50 countries as well as
unmatched NAFTA presence and unique footprint in the Americas.

    About Scotia Capital

    As part of the Scotiabank Group, Scotia Capital offers corporate and
investment banking and capital markets products to corporate, government and
institutional clients. It provides full-service coverage across the NAFTA
region, as well as a niche focus in select markets globally. Scotia Capital
has 18 offices and more than 300 relationship managers organized around
industry specialties. For more information, visit: www.scotiacapital.com