Performance Review Q3 2007

Scotiabank Net Impaired Loans Flat Net Impaired Loans ($ millions) 579 579 584 570 479 207 239 329 357 158 245 211 245 215 208 110 118 95 35 19 Q3/06 Q4/06 Q1/07 Q2/07 Q3/07 International Domestic Scotia Capital 27 Some Increase in VaR Scotiabank Average 1 day VaR, $ millions Risk Factor Q3/07 Q2/07 Q3/06 Interest rate 9.0 7.2 7.2 Equities 8.7 5.2 6.2 Foreign exchange 3.3 2.7 2.1 & Commodities Diversification (5.4) (3.8) (6.3) All-Bank VaR 15.6 11.3 9.2 28

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