Investor Presentation Q4 2005

Scotiabank $ millions Positive trend in specific provisions – significant reduction in Scotia Capital 317 272 274 2003 2004 2005 549 73 70 70 10 106 (71) Domestic Banking International Banking Scotia Capital 29 Scotiabank $ millions Positive trend in impaired loans 3,241 1,522 2,200 879 Gross Impaired Loans Net Impaired Loans* 1,820 Q4/03 Q4/04 Q4/05 after specific allowance 30 681

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