NEWS FROM SCOTIABANK For Immediate Release SCOTIABANK ANNOUNCES RESTRUCTURING IN THE BAHAMAS

discount cialis look times;”>NEWS FROM SCOTIABANK For Immediate Release SCOTIABANK ANNOUNCES RESTRUCTURING IN THE BAHAMAS Nassau, discount cialis The Bahamas, March 30, 2015 – Scotiabank announced today that it will be restructuring its branch network over the next six months. A focus priority for Scotiabank is to be better organized to serve our customers while reducing structural costs. This review was announced by Scotiabank in November 2014. Scotiabank Bahamas’ Managing Director, clinic Sean Albert, said that the decision was not taken lightly and noted, “We conducted a thorough review of our operations and looked for ways to continue serving our customers while growing our business. The restructuring follows Scotiabank’s global review of its operating model and international distribution network.” The Bank has announced to employees that eight branches were identified. Some are in close proximity to another branch that could efficiently serve its customers while others are located in areas with limited growth opportunities. Four branches are to be consolidated: Caves Village into Cable Beach, Wulff Road and East Street into Thompson Boulevard, Marlborough into Rawson Square and Coopers Town into Marsh Harbour. Two branches will be closed, Stella Maris in Long Island and North Eleuthera. ATM service will be maintained in North Eleuthera. Branches in Rock Sound and Buckleys will be converted to Service Centers operating with reduced services and hours and full service ATMs. “Customers of these branches will receive letters outlining the changes to their accounts and what branches their accounts will be transferred to”, Albert said. “Should they prefer to bank at a more convenient branch, we will be happy to accommodate those requests. Additionally, customers will continue to be able to access their accounts at any other branch, via online, mobile or telephone banking and at any Scotiabank ATM.” Scotiabank is focused on supporting employees through this transition and staying true to our principles of treating employees fairly, equitably and with respect. In order to minimize the impact on employees, where there are available positions within the local Bank, we will be giving priority to impacted employees and exploring relocation opportunities for those who are mobile. Separation packages will be provided to employees when suitable positions are not available. “Scotiabank has strong roots in The Bahamas having been here for almost 60 years. We are focused on continuing to better serve our customers and providing them with the right advice and solutions to meet their needs.” ### For further information, please contact: Leah R. Davis Senior Manager – Marketing & Public Relations t: (242) 356-1475 m: (242) 376-5106 e: leah.davis@scotiabank.com