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The Bank of Nova Scotia Jamaica Ltd.(BNSJ)- Discussion on Acquisition

Kingston, Jamaica (13th September 2006)  – The Bank of Nova Scotia Jamaica Limited today confirmed that it is in discussions regarding a possible transaction with a view to acquiring a controlling interest in Dehring Bunting & Golding Limited.  There is no assurance that a transaction will result from these discussions and no further comment will be forthcoming unless the situation warrants.

However, The Bank of Nova Scotia Jamaica Limited cautions that the success of such negotiations is not guaranteed and any proposed transaction resulting from such negotiations would be subject to numerous conditions, including the obtaining of regulatory and other approvals.

As a matter of policy, The Bank of Nova Scotia Jamaica Limited does not usually comment on market rumours but has issued this statement at the request of the Jamaican Stock Exchange and Trinidad & Tobago Stock Exchange.

 

Contact: Joylene Griffiths-Irving, Director Corporate Public and Government

Telephone: 932-0565