2013 Outlook Presentation

Global Wealth Management: Key Metrics ($ billions) Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 Assets Under Administration 275 272 283 304 313 Assets Under Management' 109 109 115 131 135 Mutual Funds Market Share in Canada vs. Schedule 1 Banks¹ 18.4% 18.3% 18.3% 18.3% 18.1% (1) Excludes Scotiabank's investment in CI Financial. Includes ING Scotiabank 29 30 Global Banking & Markets: Resilient Platform Revenues (TEB) ($ millions) 949 910 901 528 507 496 403 421 405 Q2/12 Q1/13 Q2/13 Global Capital Markets Global Corporate & Investment Banking Scotiabank • Year-over-Year Global Capital Markets -2% + Fixed income revenues - Lower precious metals and commodities revenues Global Corp. & Investment Banking ~0% + Higher volumes - Lower margin - Lower investment banking revenues Quarter-over-Quarter Global Capital Markets -6% + Higher equities revenues -Lower fixed income and precious metals revenue Global Corp. & Investment Banking -4% + Higher volumes in Canada and the U.S. - Lower margin

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