Q4 Financial Performance

Scotiabank $ millions Minimal net formations in Q4/03 Scotia Capital - Canada 89 - U.S. (45) - Europe/Asia (36) 8 Domestic 42 International 41 Transfer re foreclosed assets (114) Total (23) 31 9 Scotiabank $ millions Positive trend in net formations 450 394 383 350 250 150 50 153 II. -50 50 Q4/02 Q1/03 -150 32 193 ☐ Other ■Scotia Capital re foreclosed assets 91 (114) Q2/03 Q3/03 Q4/03

View entire presentation