Investor Presentaiton

Trend in Gross Impaired Loans ($ millions). 6,000 5,000 4,000 3,000 2,000 1,000 Q2/07 Q3/07 Q4/07 Q1/08 Q2/08 Q3/08 Q4/08 Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 GILS ex. R-G GILS as a % of Loans & BAs ex. R-G IIIIII R-G Premier Bank GILS as a % of Loans & BAS Scotiabank Canadian Retail: Loans and Provisions (balances at Q2/10, $ billions) 128 Total = $173B -- 92% secured 24 12 2.00% 1.50% - 1.00% 0.50% 0.00% 9 41 Mortgages(1) % secured PCL 100% Lines of Credit 69% Personal Loans 96% Credit Cards(2) 36% Q2/10 Q1/10 Q2/10 $ millions 1 1 30 Q1/10 26 Q2/10 60 Q1/10 Q2/10 61 57 Q1/10 52 % of avg. <1 <1 53 45 208 213 254 221 loans (bps) (1) Before securitizations of $16 billion & mortgages converted to MBS of $18 billion; 52% insured (including $11 billion portfolio insurance); LTV in mid-50s for uninsured portfolio Scotiabank (2) Includes $6 billion of Scotialine VISA 42

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