WORK WITH THE RIGHT PARTNER Your Scotiabank Small Business Banker is someone who truly understands your business: Receive expert advice on business expansion, cash flow, borrowing and other critical business finance needs Access personalized strategies for investment management, retirement and estate planning, business succession,and more Improve your business knowledge with online ScotiaSkills eLearning resources SAVE YOUR BUSINESS MONEY Choose Scotiabank for your business banking and you'll enjoy exceptional savings: 10% discount on Basic Monthly1 Account Plan for businessTM fee, including $5,000 Overdraft Protection3 Free Cheque Essentials Package (an approximate $100 value) 25% discount on application fees for selected business loans and lines of credit2 1/2% rate reduction for the first year (minimum of prime4) on a minimum 10,000 increase to a ScotiaLine for businessTM VISA* card limit 20% discount on Cash and Coin deposited when a standard pay transaction account is used $30 Night Deposit Service fee waived and pay only $18.50 plus GST/HST/TVQ (per 100) plastic deposit bags

SAVE YOURSELF MONEY Switch your personal accounts to Scotiabank, and you'll also receive: Free banking5 for 12 months. That means no fees for things like withdrawals, writing cheques, paying bills, and pre-authorized payments, for an unlimited number of transactions. And no minimum balance requirements. Thereafter, maintain a $2,000 minimum daily balance and continue to bank for free 7,500 Scotia Rewards® points when you use your new ScotiaGold Preferred® VISA* card within two months of opening your account 3.9% ScotiaGold Preferred VISA* introductory rate for six months on cash advances and balance transfers 1/4% interest rate bonus on a non-redeemable, minimum 1 year term Guaranteed Investment Certificates for your registered (RSP/RIFs) or non-registered investments**. First year free on a two-year small Safety Deposit Box rental Minimum 1% discount on selected personal mortgages Scotia mortgage for Self Employed6 1/2% discount on personal Scotia Plan® loans over $5,000 When you join Retail Council of Canada and make Scotiabank your key financial partner, you can also reduce the cost of essential services such as discounted merchant accounts, shipping rates, business forms and more. It's all part of our commitment to help you succeed. For more information, visit www.scotiabank.com or your nearest Scotiabank branch today.

^® Registered trademarks of The Bank of Nova Scotia
^TM Trademarks of The Bank of Nova Scotia
* VISA int./Licensed user The Bank of Nova Scotia
» Interac Inc. owner of Mark INTERAC. The Bank of Nova Scotia, authorized user of the Mark

¹ Additional over plan limit transactions will be charged at standard rates as outlined in the Scotiabank Guide to Fees and Interest Schedules Booklet and the Day-to-Day Banking Companion Booklet for personal accounts for both the ScotiaOne Account Plan for business^TM and Account Plan for business products.

² Applicable to Credit Line for business™ and Term Loan for business^TM. Not applicable to Government Guaranteed Loans. Subject to credit approval and security provided.

³ Subject to credit approval and security provided. Standard interest charges apply.

⁴ Prime means the prime lending rate of The Bank of Nova Scotia as published.

⁵ Offer available when you open a Powerchequing^TM account and use our free Scotia Simple Switch^TM program to transfer at least one pre-authorized transaction from your account at another financial institution to Scotiabank. Free banking refers to Powerchequing account level service fees only for one bank account. Fees not covered with the Powerchequing account include access fees to use non-Scotiabank banking machines (e.g., Interac_, VISA, or PLUS fees). Offer may be withdrawn at any time.

⁶ Under the Scotia Mortgage for Self-Employed maximum loan value ratio (LVR) is 90% for purchase, 85% for refinance. Genworth Financial Mortgage Insurance is required for any home purchase, switch to Scotiabank or refinance with an LVR greater than 65%. Offer applicable to residential mortgages only and subject to Scotiabank's lending criteria for residential properties with some mortgage product exceptions. This offer can be changed or withdrawn at any time without notice and may not be combined with other discounts, offers or promotions.

» Discount is available off of the posted rate for a 5 or 7 year term fixed rate, closed term mortgages only, when at least two other retail banking products are obtained. Fixed rate mortgage specials, variable rate mortgages and the Scotia Free Down Payment^TM Mortgage are not included in this offer. Offer subject to credit approval and the home meeting Scotiabank's residential mortgage standards and maximum permitted loan amounts.

The rates and fee discounts offered in this package are available to RCC members only and cannot be combined with any other Scotiabank offer or association pricing. This Preferred Banking package is effective May 1st, 2006 (unless the Preferred Banking package is terminated) and applies to both new and existing RCC members. You must present proof of RCC membership to qualify.

** Does not apply to specialty GICs such as The Ultimate Laddered^TM GIC, Accelerated Rate GIC, Stock-Indexed GICs, or Market Powered^TM GIC.