Q2 2014 Financial Review

International Banking - Revenue & Volume Growth Revenues (TEB) ($ millions) Average loans & acceptances ($ billions) (1) 14% Y/Y 2% 18 17 Y/Y 16 20 21 19 1,844 1,853 1,874 127 117 100 58 64 67 433 436 473 1,244 1,303 1,338 Q2/13 Q1/14 Q2/14 Income from investments in associated corps Non-interest revenue Net interest income Including deposits from banks 21 Q2/13 Q1/14 Q2/14 Business Residential mortgages Personal & credit cards Average deposits 1 ($ billions) 16% Y/Y 23 23 43 39 33 24 24 47 Q2/13 Q1/14 Q2/14 Non-personal Personal Scotiabank International Banking - Regional Growth Revenues (TEB) ($ millions) Average loans & acceptances ($ billions) 14% Y/Y 2% 23 24 Y/Y 19 26 26 27 219 183 174 48 52 55 485 499 482 Q2/13 Q1/14 Q2/14 Latin America Caribbean & Central America Asia 1,140 1,171 1,218 Constant FX Volume growth Y/Y Retail Commercial Total Latin America 13% 11% 12% C&CA 1% -9% -4% Q2/13 ■Asia Q1/14 Q2/14 Asia N/A 19% 19% Caribbean & Central America Latin America Total 9% 10% 9% (1) Excludes bankers acceptances 22 Scotiabank 11

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