Investor Presentaiton

Scotiabank Scotiabank Appendix 33 Impact of foreign currency translation Average exchange rate US dollar/Canadian dollar Mexican peso/Canadian dollar 2006 2005 2004 0.8782 0.8217 0.7586 9.5422 9.0523 8.5968 2006 vs. Impact on income ($ millions) 2005 2005 vs. 2004 Q4/06 vs. Q4/06 vs. Q3/06 Q4/05 Net interest income $(202) $(164) $2 $(47) Other income (138) (123) 1 (24) Non-interest expenses 136 95 (6) 34 Other items (net of tax) 51 47 1 10 Net income (153) (145) (2) (27) Earnings per share (diluted) $(0.15) $(0.14) $(0.03) 34

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