Global Wealth & Insurance and Banking Performance Review

Other Segment 2 Net Income ($MM) (1) (2) Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 16 13 Highlights ■ Net income up Y/Y Higher revenues from asset/liability management Increased securities gains Higher taxes (37) (62) (77) Includes Group Treasury, smaller operating segments, and other corporate items which are not allocated to a business line. The results primarily reflect the net impact of asset/liability management activities. Attributable to equity holders of the Bank Risk Review Scoti You' Stephen Hart Chief Risk Officer 13 Scotiabank Scotiabank 7

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