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Investor Presentaiton

Scotiabank Domestic Banking Strong Asset Growth Helping Revenue revenues (TEB), $ millions 1,617 111* 1,510 1,471 903 944 326 245 933 282 Q1/08 vs. Q1/07 revenues: up 3% Retail & Small Business + strong asset & deposit growth - margin compression due to higher funding costs Commercial Banking + strong organic asset growth + positive impact of Travelers Leasing Wealth Management + Private Client Group +18% - + Mutual funds +15% Full service brokerage -11% 282 277 295 Q1/07 Q4/07 Retail & Small Business Commercial Banking/Other Wealth Management *VISA gain Scotiabank Q1/08 Q1/08 vs. Q4/07 revenues: down 7% ■ revenues unchanged ex. Q4 VISA gain 17 Strong Market Share Gains Year-over-Year Increase Residential Mortgages +18 basis points Personal Term Deposits +95 basis points Total Personal Deposits +56 basis points Mutual Funds +24 basis points Domestic market share figures as at December 2007 18
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