Trading Revenue and Financial Performance Analysis

Scotiabank #days Low variability of trading revenue... Trading revenue, 2002 50 45 40 35 30 25 20 15 10 10 LO 5 0 (8) (7) (6) (5) (4) (3) (2) (1) 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 $ millions 37 Scotiabank ...reflecting moderate market risk $ millions, November 1, 2001 to October 31, 2002 20 20 10 0 -10 -20 38 Actual P&L VaR 1 day

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