Scotiabank Business Line Results

Scotiabank Argentina - well reserved cross-border exposure, $ millions Q2/02 Q1/02 Brady Bonds 117 140 Trade/Interbank 114 125 Corporate/Other 462 487 Scotiabank Quilmes (carrying value) 92 308 Gross Exposure 785 1,060 Provisions (466) (707) Net exposure 319 353 29 Scotiabank # days Low variability of trading revenue... Net trading revenue, second quarter 2002 12 10 00 8 95th percentile 6 5th percentile 4 2 0 (4) (3) (2) (1) 01 2 3 4 5 6 7 8 9 10 11 $ millions 30

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