1. Stockbrokers Meeting 2009 Scotiabanks Hospitality Suite Wednesday 2 nd December, 2009

2. Stockbrokers Meeting, Wednesday 2nd December, 2009 AGENDA Welcome and Strategic FocusMr. Richard P. Young Managing Director Scotiabank Trinidad and Tobago Limited FinancialsMr. Adrian Lezama Assistant General Manager, Finance Scotiabank Trinidad and Tobago Limited Questions Closing RemarksMr. Richard P. Young Lunch

3. Stockbrokers Meeting, Wednesday 2nd December, 2009 …amongst the top ten best per forming financial services firms in the world, according to international management consult Oliver Wyman. Copyright © 2009 Oliver Wyman. Annual State of the Financial Services Industry – 2009. As measured by the Oliver Wyman Shareholder Performance Index SM (SPI) of the world's 400 largest financial services firms. Best performing financial companies with market value >USD$15 BN (Aug 07 - Dec 08).

4. Stockbrokers Meeting, Wednesday 2nd December, 2009 THE SCOTIA WAY Proud to serve our Communities Customer comes first Team is everything We empower our people OUR CORE PURPOSE To be the best at helping customers become financially better off by providing relevant solutions to their unique needs

5. Stockbrokers Meeting, Wednesday 2nd December, 2009 Key Strategic Initiatives C U S T O M E R Driving sustained, profitable growth

6. Stockbrokers Meeting, Wednesday 2nd December, 2009 Our Overall Strategy Revenue Growth Capital Management Leadership Prudent Risk Management Cost Containment

7. Stockbrokers Meeting, Wednesday 2nd December, 2009 Financials Adrian Lezama Assistant General Manager Finance

8. Stockbrokers Meeting, Wednesday 2nd December, 2009 Overview 2009 Another Record Year Profits after Tax up 5.4% to $455.1MM EPS :258¢ - up 5.4% ROE : 22.86% ROA : 3.00% Dividend growth up 4 cents to 100 cents Strong Capital Ratio –20.91% Adequate Cash reserves $2.0B vs. $1.3B Strong Topline Growth – 14.3%

9. Stockbrokers Meeting, Wednesday 2nd December, 2009 Consistent Earnings 10 year Compounded Annual Growth Rate (CAGR) 13.11%

10. Stockbrokers Meeting, Wednesday 2nd December, 2009 Strong Balance Sheet 10 Year CAGR 12.11%

11. Stockbrokers Meeting, Wednesday 2nd December, 2009 Net Interest and Non-Interest Revenue 10 Year CAGR 11.83% $1,135M 14.3%

12. Stockbrokers Meeting, Wednesday 2nd December, 2009 Total Expenses before Loan Losses 10 Year CAGR 11.06% $462.6M 11.96%

13. Stockbrokers Meeting, Wednesday 2nd December, 2009 Performance Ratios Return on Assets

14. Stockbrokers Meeting, Wednesday 2nd December, 2009 Performance Ratios Return on Equity

15. Stockbrokers Meeting, Wednesday 2nd December, 2009 Earnings per Share

16. Stockbrokers Meeting, Wednesday 2nd December, 2009 Return to Shareholders Share price appreciation plus dividends received 10 year CAGR 12.04%

17. Stockbrokers Meeting, Wednesday 2nd December, 2009 Questions

18. Stockbrokers Meeting, Wednesday 2nd December, 2009 Closing Remarks Richard P. Young

19. Stockbrokers Meeting 2009 Scotiabanks Hospitality Suite Wednesday 2 nd December, 2009