In Canada, Scotia Capital offers a full range of mergers and acquisitions financial advisory services, and is a recognized leader in the field. In the United States, we advise clients on M&A transactions that are predominantly cross-border deals. In Mexico, we provide full service M&A capabilities, and have earned a solid reputation in the Mexican market.

Our services include:

• Acquisitions and divestitures of public and private companies
• Assessing strategic alternatives and maximizing shareholder value
• Takeover defense strategies and planning
• Restructurings, recapitalizations and workouts
• Fairness opinions and valuations

In the oil and gas sector, these services are provided through Scotia Waterous.

Our experience is complemented by our global reach, enhancing our ability to effectively execute assignments for our clients. Scotia Capital's own network of offices across Canada, in the United States, Mexico and Europe is extended by The Bank of Nova Scotia's international network. Our status as a member of the Scotiabank Group, together with our own broad network of contacts and relationships enables us to facilitate, where desired, a comprehensive approach to solving our clients' merger and acquisition objectives.

Our principal objective is to provide excellent service while meeting the highest standards of integrity. Over the years we have achieved an impressive track record in providing merger and acquisition services to Canadian and international clients. We have earned a reputation among our clients for advice which is both valuable and objective.

Scotia Waterous