Scotia Caribbean Holdings Acquired Over 2Bn Shares of SGJ

Scotiabank Caribbean Holdings Limited (SCHL) has advised that subsequent to its acquisition of 2,233,403,384 Scotia Group Limited (SGJ) shares on March 20, 2015 it does not intend at this time to purchase further shares in SGJ. SCHL further advised that the acquisition was made as part of a larger internal regional reorganization of certain subsidiaries of The Bank of Nova Scotia (BNS) in the Caribbean which began in 2011. SCHL advised that although it directly controls SGJ, there has been no change in the ultimate beneficial ownership of SGJ since SCHL is a wholly-owned subsidiary of BNS.