Financial Overview and 2012 Outlook

Q4 2011 Trading Revenue Distribution (# days) 51 8 6 4 2- Scotiabank 0 (14) (12) (10) (8)(7)(6)(5)(4)(3)(2)(1) 0 1 2 3 4 5 6 7 8 9 101112131415161718192021 ($ millions) • 79% of days had positive results in Q4/11 26 26

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