Investor Presentaiton

Scotiabank Canadian Banking - Market Share Deposit Momentum Continues Qtr/Qtr Yr/Yr Residential Mortgages (3) bps (9) bps Personal Term Deposits +12 bps +87 bps Total Personal Deposits +16 bps +61 bps Mutual Funds +9 bps +28 bps Canadian Banking market share figures as at September 2008 39 Scotiabank ($ millions) 350 300 Trading Revenues 250 200 150 247 100 50 0 Q3 Reported 47 47 -74 FX & Prec. Metals Derivative & Other (ex. Lehman) 40 -171 61 Securities Lehman Trading Loss Q4 Reported

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