ANNOUNCEMENT
FOR IMMEDIATE RELEASE
Scheme of Arrangement for the Cancellation of Variable Rate Redeemable Preference
Shares
Kingston, Jamaica- September 8, 2011
1. The Directors of The Bank of Nova Scotia Jamaica Limited (“the Bank”) are pleased to
announce that the Supreme Court of Judicature of Jamaica on Wednesday, August 24, 2011
sanctioned the scheme of arrangement pursuant to which the Variable Rate Redeemable
Preference Shares (“Preference Shares”) issued by the Bank are to be cancelled and shareholders
paid J$1.20 for each such Preference Share. The Court Order sanctioning the Scheme was filed
with the Registrar of Companies on Wednesday, August 24, 2011 and thereupon became
effective.
2. Shareholders will recall that, at the extraordinary general meeting of the Bank held on
August 12, 2011 summoned by the Supreme Court of Judicatures to consider the Scheme,
Holders of the Preference Shares voted unanimously to approve the Scheme. In fact of the 277
shareholders present in person or by proxy 276 shareholders holding 77,479,994 votes, voted in
favour of the Scheme.
3. The Bank will begin, within the next few days, to distribute cheques to the previous holders
of the Preference Shares.
4. To find out more about the final process please visit: [www.jamaica.scotiabank.com]
Contact:
Ms. Tracy Campbell/Ms. Karen Hall
Registrar
Duke Corporation Limited
Tel: 922-6230
Fax: 967-9647
