Bank of Nova Scotia - Dividend Declaration

RNS Number:6146L
Bank of Nova Scotia
2 June 2000


SCOTIABANK

DIVIDENDS

NOTICE is hereby given that The Bank of Nova Scotia has declared dividends on
the outstanding shares of the Bank for the quarter ending July 31, 2000, as
follows:

o  Payable on July 27, 2000 to shareholders of record at the close of business  
  on July 4, 2000:

   - Common Shares, Dividend No. 523 of $0.24 per share

   -  Non-Cumulative Preferred Shares:

      . Series 6, Dividend No.30 of $0.446875 per share
      . Series 7, Dividend No.23 of $0.44375 per share
      . Series 8, Dividend No.21 of $0.4375 per share
      . Series 9, Dividend No.20 of $0.421875 per share
      . Series 10, Dividend No.17 of $0.02 per share
      . Series 11, Dividend No.11 of $0.375 per share
      . Series 12, Dividend No. 8 of $0.328125 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.


END
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