2005 Financial Performance and Outlook

Scotiabank and a record of consistent dividend growth with two increases this year Annual dividend, cents/share 32.5¢ 1996 1998 * based on current rate Scotiabank $1.44* 2005 increase: 20% 2000 2002 2004 2006 7 Exceeded our 2005 performance targets ROE 2005 Target 20.9% VS. 17-20% EPS Growth 12% VS. 5-10% Productivity 56.3% VS. <58% 8

View entire presentation