Investor Presentaiton

Trend in Gross Impaired Loans ($ millions) 6,000 5,000 4,000 3,000 2,000 1,000 Q3/07 Q4/07 Q1/08 Q2/08 Q3/08 Q4/08 Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 GILS ex. R-G IIII R-G Premier Bank -- GILS as a % of Loans & BAs ex. R-G ― GILS as a % of Loans & BAs Scotiabank Canadian Retail: Loans and Provisions (balances at Q3/10, $ billions) 134 Total = $179B; 92% secured 24 12 2.00% 1.50% 1.00% 0.50% 0.00% 9 39 Mortgages(1) % secured PCL 100% Lines of Credit 68% Personal Loans 97% Credit Cards (2) 35% Q3/10 $ millions 1 Q2/10 1 Q3/10 29 Q2/10 30 Q3/10 Q2/10 Q3/10 69 61 46 Q2/10 57 % of avg. <1 <1 49 53 224 208 201 254 loans (bps) (1) Before securitizations of $15 billion & mortgages converted to MBS of $20 billion; 53% insured (including $15 billion portfolio insurance); LTV in mid-50s for uninsured portfolio Scotiabank (2) Includes $6 billion of Scotialine VISA 40

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