Scotiabank Financial Performance Review

Scotiabank Scotiabank Overview Rick Waugh President & Chief Executive Officer Achieved record earnings in 2007 EPS ($) 4.01 3.55 3.15 2.82 2.34 0.84 Dividends/Share ($) 1.50 1.32 1.10 2003 2004 2005 2006 1.74 2007 4 Results 2007 EPS: $4.01 - up 13% vs. 2006 Q4 EPS: $0.95 - up 7% vs. Q4/06 down 7% vs. Q3/07 Dividend Increase annual dividends up 16% ◉ +2 cents increase to $0.47/qtr

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