2010 Risk & Outlook Update

International Commercial: Lending Portfolio Q1/10 = $33 billion Peru • Well secured Other 7% 10% Asia/Pacific -(10 countries) 27% Mexico 11% Chile 18% Caribbean & -Central America 27% Portfolios in Asia/Pacific and Peru are performing well Closely monitoring portfolios in Mexico and Caribbean & Central America Scotiabank International Commercial: Lending Portfolio Q1/10 = $33 billion Well secured Holding Companies 2% Hotels & Gaming Financial Services 7% 9% Communications & Media 5% Automotive 3% Agrifoods & Consumer 16% Transportation 9% Real Estate 12% Good diversification Closely monitoring Caribbean hotel exposures Scotiabank Industrial Products 5% Infrastructure, Privatization & Power 14% Other 18% 41 42

View entire presentation