Mr. Peter Slan reports

SCOTIABANK TO ANNOUNCE SECOND QUARTER RESULTS

Bank of Nova Scotia will release details of its second-quarter results on Tuesday, May 29, 2012.

Second-quarter results news release

A news release of the second-quarter results will be issued in Canada on-line at approximately 7:30 a.m. EDT on Tuesday, May 29, 2012.

Second-quarter results conference call

The conference call will take place on Tuesday, May 29, 2012, at 2 p.m. EDT and is expected to last approximately one hour.

Interested parties are invited to access the call live by telephone, in listen-only mode, by calling 416-644-3414 or 1-800-814-4859 (North America toll-free). Please call five to 15 minutes in advance.

The call can also be accessed on the Internet on the investor relations page of the company's website.

During the call, listeners may also wish to refer to the second-quarter results posted on the investor relations page of the company's website.

Following discussion of the results by Scotiabank executives, there will be a question-and-answer session.

Conference call archive

A telephone replay of the call will be available between May 29, 2012, and June 13, 2012, by calling 416-640-1917 or 877-289-8525 (North America toll-free). The access code is 4487931 followed by the pound sign.

The archived audio webcast will be available on the investor relations page of the company's website from approximately 6 p.m. EDT on May 29, 2012, for three months.