Investor Presentaiton

Net Impaired Loan Formations Slowing ($ millions) Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Canadian Retail 246 167 205 184 154 Canadian Commercial 98 67 24 42 15 344 234 229 226 169 International Retail 264 276 254 259 184 International Commercial 93 232 5 135 15 357 508 259 394 199 Scotia Capital 303 161 139 (109) (68) Total 1,004 903 627 511 300 Scotiabank Improved Coverage Ratios Q2/10 Q1/10 Q2/09 Earnings coverage of PCL (1) 5.6x 5.1x 3.5x Total Allowance as a % of GIL - ex. R-G Premier Bank acquisition 81% 71% 79% 75% Total Allowance as a % of Loans & BAS - ex. R-G Premier Bank acquisition 1.52% 1.06% 0.92% 1.04% (1) Pre-tax, pre-provision income to total PCL Scotiabank 17 18

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