IBM Signs IT Services Agreement With Scotiabank Mexico

TORONTO & MEXICO CITY - 20 Dec 2006: IBM (NYSE: IBM) has entered into a multi-million-dollar deal with Scotiabank Mexico to integrate its IT operations, including mainframe and midrange servers, site support, large-scale printing and help desk support.

The agreement covers the bank's 7,000 employees and 400 branches in Mexico. The agreement was signed earlier this year.

Additionally, IBM is implementing a new Disaster Recovery Plan that will allow the bank to restore its critical IT operations quickly in the event of a disaster.

IBM uses its global presence to support leading financial services institutions. Scotiabank is Canada's largest international bank and offers a full range of financial products and services to individuals.

Scotiabank Mexico and Grupo Financiero Scotiabank Inverlat, S.A. de C.V. are wholly owned subsidiaries of the Bank of Nova Scotia.

For more information about Scotiabank visit: www.scotiabank.com (or www.scotiabankinverlat.com for the Spanish version).

For more information about IBM visit: www.ibm.com

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www.ibm.com

www.scotiabank.com

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