1999 Mid-Year Financial Review

Scotiabank Exceeded 1999 targets to date Medium 1H 1999 1999 Goals Term Goals ROE 15.3% VS. 14%+ 16-18% EPS growth 11% VS. 10%+ 12-15% Productivity 59.7%* VS. <60% <60% Tier 1 7.8% VS. 7% 7.5%+ excluding special gain of $77 million in Q1/99 3

View entire presentation