Terms and Conditions

1 Subject to meeting Scotiabank's lending and credit criteria.

2 Certain conditions apply. Visit your local branch for details on eligibility.

3 Excludes non-Scotiabank ATM fees and sundry transactions such as bank drafts and wire payments.

As part of Scotiabank's Global ATM Alliance, when travelling abroad, you can withdraw cash or take a cash advance from your pre-selected deposit accounts¹ or VISA card at over million ATMs displaying the VISA or PLUS symbols worldwide. Look for ATMs that belong to the member banks of the Global ATM Alliance and avoid paying ATM surcharges or account service fees at nearly 50,000 ATMs in over 50 countries, including Australia, France, Germany, United Kingdom and the U.S.*** *** Disclaimer: Scotiabank will waive International ATM Access Service Fee and Global ATM Alliance member will waive any external surcharge fee for any withdrawals performed at global ATM Alliance machines. "Free Access" does not apply to Scotiabank ATMs in Costa Rica, El Salvador or Panama. All regular account fees continue to apply. More details on Global ATM alliance can be found at www.scotiabank.com

4 Disclaimer: Important information concerning the investment goals, risk, charges and expenses of these funds are contained in the prospectus. Investors should carefully consider these before investing. Copies are available from the financial institution where you are buying the mutual fund. Performance is subject to variations and is likely to change over time. Past performance should not be treated as an indicator of future performance. This is for informational purposes only and is subject to change without notice. Always consult your professional tax and legal advisors with respect to your particular circumstances. Commissions, management fees and expenses all may be associates with mutual fund investments and the use of an asset allocation service. The performance data provided assumes reinvestment of distributions of taxes, that would have reduced returns. Mutual Funds are not guaranteed or covered by your local Deposit Insurance Corporation, other government deposit insurer, The Bank of Nova Scotia, or its subsidiaries/affiliates. Nothing herein is intended to constitute an offer or solicitation to transact business for products or services in any jurisdiction where such an offer or solicitation would be unlawful. Products and services described herein are only available in jurisdictions where they can be lawfully provided. Scotiabank Mutual Funds is the brand name under which the Scotiabank group of companies, Investment (Jamaica) Limited, and International Investment Advisory Group markets and distributes mutual funds. *Trademark of The Bank of Nova Scotia, used under license. Net Asset Value information of the Scotiabank Mutual Funds can be found on Bloomberg, in the equities section, and on the Cayman Islands Stock Exchange (CSX), website www.csx.ky under "Scotiabank". Information also available direction from Scotiabank & Trust (Cayman) Ltd. 6 Cardinal Ave, P.O. Box 689, Grand Cayman KY1-1107, Tel:(345)949-7666.

Δ Subject to regulatory approval.

** Conditions apply to qualify. Monthly fees apply. Must have a monthly income of $USD 5,000 or $USD 50,000 investable assets with Scotiabank. Scotiabank Premium Banking is also subject to meeting lending and credit criteria, terms & conditions. Additional conditions apply.

† Subject to PPI eligibility requirements. Priority Pass is an independent airport lounge access program. Certain terms and exclusions apply. All Priority Pass members must adhere to the Priority Pass Conditions of Use, which will be sent to you with your membership package, and can be viewed at www.prioritypass.com. Applicable visit fees will be charged to your card after you have signed for the visit and it has been reported to Priority Pass.

++ Dedicated Insurance and Investment Specialists available in Jamaica, the Cayman Islands and Trinidad and Tobago only. Investment specialists in Bahamas are required to be licensed.

* Trademarks of The Bank of Nova Scotia, used under licence (where applicable), Scotiabank Premium Banking products are provided by the applicable Scotiabank entity in each respective country.

Priority Pass is a trademark of Priority Pass Limited. All services are provided to Cardmembers by Priority Pass Limited. The lounges participating in Priority Pass are all owned by third parties and neither The Bank of Nova Scotia and/or any of its subsidiaries nor Priority Pass Limited have any control over the said lounges' ownership and administration. Neither The Bank of Nova Scotia and/or any of its subsidiaries are affiliated with Priority Pass Limited.

® Visa is a registered trademark of Visa International Service Association. Verified by Visa® is a registered trademark of Visa in the United States and other countries. Used under licence by the Bank of Nova Scotia. (03/13)

®‡ MasterCard is a registered trademark of MasterCard International Incorporated.

®± "Magna Rewards" is a trademark of Magna Rewards Inc

®µ Registered Trademark of PriceSmart, Inc.

®§ American Airlines reserves the right to change the AAdvantage program and its terms and conditions at any time without notice, and to end the AAdvantage program with six months notice. Any such changes may affect your ability to use the awards or mileage credits that you have accumulated. Unless specified, AAdvantage miles earned through this promotion/offer do not count toward elite-status qualification or Million MilerSM status. American Airlines is not responsible for products or services offered by other participating companies. For complete details about the AAdvantage program, visit www.aa.com/aadvantage. American Airlines, including its AAdvantage program, is not a financial service provider. AmericanAirlines, AAdvantage and Million Miler are trademarks of American Airlines, Inc.