2013 Q1 Earnings Presentation

Canadian Banking: Residential Mortgage Portfolio ($ billions, as at January 31, 2013) $95 $9 Total Portfolio: $188 billion Insured Uninsured Average LTV of uninsured 58% mortgages is 42% 56%¹ $86 $29 $28 $5 -$3 $20 $16 -$1 -$1 $24 $25 $19 $15 Ontario B.C. Alberta Freehold - $169B Quebec Other Condos $19B Scotiabank 19 (1) LTV calculated based on the total outstanding balance secured by the property. Property values indexed using Teranet and CREA data. Risk Outlook Remains Stable • Asset quality remains high - Retail and commercial portfolios performing as expected Corporate portfolios continue to demonstrate strength Combination of growth in portfolios and product mix will result in rising provisions - Canadian Retail provisions stable - International Retail provisions will increase in line with portfolio growth, product mix, and a modest softening in economic conditions in certain countries Corporate and Commercial provisions remain modest Scotiabank 20

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