2010 Financial Overview

Canadian Banking: Market Share Market Share (%) 1 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Residential Mortgages 20.14 20.23 20.28 20.40 20.53 Total Personal Lending 18.30 18.29 18.26 18.27 18.27 Total Personal Deposits 10.89 10.84 10.89 10.83 10.81 Small Business Lending² 14.55 15.70 15.57 14.87 15.84 Mutual Funds 8.35 8.84 9.10 9.18 9.23 (1) Market share statistics are issued on a one-month lag basis. (Q4/10: September 2010) (2) Small Business statistics are on a four-months lag basis (Q4/10: June 2010) Total Personal Lending market share is based on a comparison of the big six banks. Total Personal Deposits market share is based on a comparison of the total industry. Mutual Funds market share is based on a comparison with total banks. Sources: Mutual Funds - IFIC; Personal Lending and Personal Deposits - Bank of Canada Scotiabank International Banking: Improving Environment Revenues (TEB) ($ millions) 1,384 1,424 1,252 292 311 298 548 509 424 530 564 584 Q4/09 Q3/10 Mexico Q4/10 Caribbean & Central America Latin America & Asia Scotiabank Year-over-Year Mexico + Retail volumes and spreads FX trading revenues ■ Caribbean & Central America + Impact of R-G Premier acquisition ■ Latin America & Asia + Growth in volumes + Increased contribution from T-Bank Quarter-over-Quarter ■ Mexico Lower net gains on securities ■ Caribbean & Central America + Impact of R-G Premier acquisition ■ Latin America & Asia + Contributions from T-Bank and Bank of Xi'an 35 36

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