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Investor Presentation

寫 Scotiabank Performance Review Sabi Marwah Senior Executive Vice-President & Chief Financial Officer 7 Scotiabank $ millions, after tax Q1/04 vs. Q4/03 Items in the quarter Q1/04 vs. Q1/03 24 Revaluation of tax assets 24 New CICA guideline 10 10 (Section 1100) (10) Premium on preferreds (1) 201 (16) Stronger Canadian dollar (95) 8 Total (62) 2c EPS impact (cents) (12c) 8
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