Investor Presentaiton

Downward Trend in Net Impaired Loan Formations ($ millions) Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Canadian Retail 184 154 147 135 148 Canadian Commercial 42 15 47 71 27 226 169 194 206 175 International Retail 259 184 211 149 167 International Commercial 135 15 (12) (36) (37) 394 199 199 113 130 Global Wealth(1) 15 Scotia Capital (109) (68) (10) 13 (4) Total 511 300 383 332 316 (1) Comparative amounts are not broken out separately as they were not significant in prior periods. Scotiabank Downward Trend in Net Impaired Loan Formations ($ millions) 1,200 1,000 800 600 400 200 0 Q1/08 Q2/08 Q3/08 Q4/08 Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Scotiabank 41 42

View entire presentation