Scotiabank Earnings Overview

Scotiabank Growth across all business lines net income, $ millions 9 Scotiabank 293 264 211 200 171 169 Q2/03 Q2/04 82 (8) Domestic International Scotia Capital Other 5 ROE Exceeding 2004 targets to date Q2/04 YTD/04 Target 21.8% 20.6% VS. 16-19% EPS Growth 34% 28% VS. 10-15% Productivity 54.3% 54.3% VS. <58% 6

View entire presentation