Strategy in action

39 40 Unrealized Securities Gains ($ millions) Q2/12 Q1/12 Emerging Market Debt 249 260 Other Debt 267 321 Equities 443 406 959 987 Net Fair Value of Derivative Instruments and Other Hedge Amounts (131) (255) Total 828 732 Scotiabank Stable PCL Ratios (Total PCL as % of average loans & BAs) Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Canadian Banking Retail 0.28 0.22 0.22 0.23 0.22 Commercial 0.36 0.66 0.45 0.36 0.26 Total 0.29 0.27 0.25 0.25 0.22 International Banking Retail 1.95 1.83 1.98 1.90 1.79 Commercial (0.04) 0.09 0.25 0.00 0.09 Total 0.70 0.73 0.87 0.65 0.71 Global Banking and Markets Corporate Banking 0.15 0.12 0.21 0.06 0.00 All Bank (Collective & Individual) 0.36 0.35 0.38 0.32 0.30 Scotiabank

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