Scotiabank Investor Presentation

• • Performance Highlights Positive earnings momentum EPS up 21% year-over-year ROE 17.7% vs. 15.7% ➤ Productivity 58.0% vs. 61.0% Good core results across business lines Strong revenue growth - up 18% • Further improvement in capital ratios 3 Consistent Earnings Growth Net Income, $ millions 73¢ 400 300 200 100 EPS, 88¢ 75 5 50 25 0 Q2/99 Q4/99 Q2/00 4 2

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