Investor Presentation: Scotiabank & R-G Premier

Transaction Overview • US$5.3 billion in loss covered loans (~60% retail) Approximately US$0.3 billion in other assets US$2.2 billion in local branch deposits FDIC to provide necessary funding ➤ Approximately US$3.0 billion FDIC covers 80% of loan losses ➤ 10 years for residential real estate loans ➤ 5 years for all other loans Scotiabank Investor Presentation | April 30, 2010 3

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