The Bank of Nova Scotia Renews Euro Note Programme

The Bank of Nova Scotia and Scotiabank Europe renewed its US$8 billion Euro medium term note programme on December 14, 2002. The dealers for the programme were Goldman Sachs International (as arranger), Barclays Back PLC, Deutsche Bank AG London, Merrill Lynch International, J.P. Morgan Securities Ltd., Morgan & Stanley & Co. International Limited, Scotia Capital Inc. and UBS AG (acting through its business group UBS Warburg).

On January 28, 2002, the Bank of Nova Scotia issued C500 million of floating rate deposit notes due January 28, 2004 listed in the London Stock Exchange plc, pursuant to the programme. The dealers for the offering were Barclays Bank, Deutsche Bank AG London, Scotia Capital, Société Générale and UBS AG.

McCarthy Tétrault LLP acted for the bank of Nova Scotia and Scotiabank Europe, with a team comprised of Barry Ryan and Steven Kim (business) and Gabrielle Richards and Michael Quigley (tax). Tony Smith, Michael Dodson and Cveta Jovanoska of Simmons & Simmons acted as legal advisors in England to the Bank of Nova Scotia and Scotiabank Europe. The dealers were represented by Marianne Sussex, Dan Thomson and Erin Needra of Stikeman Elliot in London