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The Bank of Nova Scotia Jamaica Ltd. (BNS) – Increase in Share Capital

At the Extra-ordinary General Meeting of the company on September 19, 1997 the following resolutions were passed:

That the authorized capital of the company be increased to $1.5 billion by the creation of an additional 750 million ordinary shares of $1.00 each.

That upon the recommendation of the Directors it is desirable to capitalize the sum of $731.8 million and that such sum be set free for distribution amongst the shareholders of record at October 6, 1997 in the proportions in which they would have been distributed by way of dividend and in the same proportions on condition that the same be not paid in cash but be applied in paying up in full at par 731.8 million ordinary shares of $1.00 each.