2013 Outlook Presentation

27 28 International Banking: Continued Growth in LatAm Revenues (TEB) ($ millions) Year-over-Year ⚫ Latin America +15% 1,848 1,756 1,663 219 178 196 • 485 492 471 996 1,086 1,144 Q2/12 Asia Q1/13 Q2/13 Caribbean & Central America Latin America • + Retail and commercial asset growth + Securities gains - Lower foreign exchange gains Caribbean & Central America +3% + Modest loan growth Asia +12% + Contribution from Thanachart Bank + Higher foreign exchange gains - Lower margin Quarter-over-Quarter Latin America +5% + Securities gains + Impact of acquisitions - Lower foreign exchange gains Caribbean & Central America -1% - Lower margin Asia +23% + - Higher foreign exchange gains + Higher trade finance volumes Scotiabank Global Wealth Mgmt: Improved Market Conditions Revenues (TEB) ($ millions) 1,014 965 905 172 162 141 803 842 764 Q2/12 Q1/13 Q2/13 Insurance Wealth Management Scotiabank • Year-over-Year Wealth Management +10% + Continuing strong AUA and AUM growth, both organic and through acquisitions + Improved financial markets Insurance +22% + Good growth in creditor insurance and cross sell + Positive reserve experience Quarter-over-Quarter Wealth Management +5% + Impact of Colfondos acquisition + Higher international revenues Insurance +6% + Positive reserve experience

View entire presentation