2010 Outlook

International Retail: Loans and Provisions (outstandings at Q4/09, $ billions) 9.9 2.9 0.8 Total Portfolio = $21B 77% secured ■Personal Loans (total = $6.5B) Credit Cards (total = $1.8B) ■Mortgages (total = $12.6B) 4.6 4.1 1.2 62 6.2 -0.4 12 0.1 2.3 3.0 1.2 2.8 0.5 0.6 C&CA (1) Mexico Chile Peru % of total 48% 24% 18% 10% PCL Q4/09 Q3/09 Q4/09 Q3/09 Q4/09 Q3/09 Q4/09 Q3/09 $ millions 31 36 38 46 14 15 38 49 % of avg. 121 130 306 349 136 149 657 833 loans (bps) (1) Caribbean and Central America Scotiabank International Commercial: Lending Portfolio Q4/09 $33 billion Other 7% Mexico 11% Chile 18% Peru 10% Asia/Pacific -(10 countries) 27% Caribbean & -Central America 27% Well secured Portfolios in Asia/Pacific and Peru are performing well Closely monitoring portfolios in Mexico and Caribbean & Central America Hotel exposures Impact of U.S. slowdown in Mexico. Scotiabank 51 52

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