TORONTO, March 4 /PRNewswire-FirstCall/ -- 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 # 39 of $0.328125 per share; - Series 13, Dividend # 12 of $0.30 per share; - Series 14, Dividend # 5 of $0.28125 per share; - Series 15, Dividend # 4 of $0.28125 per share; - Series 16, Dividend # 2 of $0.328125 per share; - Series 17, Dividend # 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. DATASOURCE: Scotiabank - Financial Releases CONTACT: Kevin Harraher, Vice-President, Investor Relations, (416) 866-5982; Patty Stathokostas, Scotiabank Public Affairs, (416) 866-3625

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