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BNS SC Universe Bond Index Deposit Notes, Series 3

Issuer: The Bank of Nova Scotia
Issue Date: April 11, 2007
Maturity Date: April 11, 2012 – 5 yr term
Principal Payment: 100% Principal repayment if held to maturity
Variable Payment: Variable Return, if any, linked to the performance of the Scotia Capital Universe Overall Bond IndexTM (Total Return)
(See Variable Return Calculation for more details)
Underlying Index: Scotia Capital Universe Overall Bond IndexTM (Total Return)

The Index is designed to be a broad measure of the Canadian investment-grade fixed income market. The Index represents substantially all of the marketable domestic Canadian fixed income securities with a term exceeding one year. The fixed income securities include Government of Canada bonds, provincial bonds, municipal bonds and corporate obligations.
FundSERV Code: SSP 108


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