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Investor Presentaiton

Scotiabank Moderate Net Impaired Loan Formations (Q1/08, $ millions) Domestic - Retail 116 - Commercial 20 136 International - Mexico 41 - Caribbean & 10 Central America - Latin America & Asia (4) 47 Scotia Capital Domestic Retail: formations reflect growing portfolio size; underlying credit trends remain strong Domestic Commercial: stable credit quality International: formations primarily in retail portfolios across division, largely mirroring underlying asset growth, partially offset by declassifications in commercial portfolios Scotia Capital: classifications in Canada & the U.S., partially offset by repayments on a number of accounts in Canada, U.S. & Europe - Canada 30 - U.S. & Other 3 33 Total 216 43 Scotiabank High Level of Unrealized Securities Gains* ($ millions) Q1/08 Q4/07 Q1/07 Emerging Market Debt 547 530 667 Fixed Income Equities 89 (14) (80) 259 456 574 895 972 1,161 *before related derivative and other hedge amounts 44
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