1. Taking Advancement of Women Global 2007 Colloquium on Global Diversity Washington D.C. March 8 - 9, 2007

2. Agenda About Scotiabank Early Approach Relaunch Success Taking It Global

3. About Scotiabank Scotiabank and its affiliates serve approximately 12 million customers through close to 2,200 branches and offices with nearly 57,000 employees in some 50 countries around the world.* * Each dot indicates a branch or office in a major centre. Scotiabank is pursuing today’s global opportunities as the most international of Canada’s major banks.

4. Background – Advancement of Women (AoW) Taskforce Compliance No accountability No visibility No progress

5. Relaunch of AoW Initiative Initiative Relaunched Global Employee of Choice Strong Business Case Senior Level Steering Committee

6. The Business Case Improve Business Performance Maintain competitive position in the war for talent Leverage existing diverse talent pool

7. AoW Strategic Framework Senior Management Commitment Accountability Framework Networks Leverage External Presence Broaden & Deepen Talent Pool Clarify the Career Advancement Process Mentoring

8. Success

9. Leveraging our Canadian success Laying the groundwork for International Taking AoW Global

10. AoW Governance Structure Corporate HR WIN Champion Country Head/Local HR AoW Field Committee Steering Committee

11. Cultural Variances/Diverse Regions Absence of Metrics Lack of Role Models Concept of Work/Life Balance Integration Activities Learnings

12. Local research Establishing benchmarks Communicating business case, objectives & goals Localization Staying business-focused Critical Success Factors

13. Launched AoW to pilot countries in 2006 Commitment to launch to remaining countries by end of 2007 Where We Are Today

14. Business case that addresses local cultural and societal factors Securing and demonstrating senior-level commitment Momentum and visibility Embedding AoW in International

15. Progress to Date Bahamas Barbados Chile Dominican Republic Trinidad & Tobago Puerto Rico Mexico

16. Mexico – Top 50 ‘Great Places to Work’ Dominican Republic – 3rd Most Admired Organization Trinidad & Tobago – Employer of Choice for Women 1st Female Region Head Female Country Heads We’re on the Right Track

17. What’s Next for Scotiabank Strengthen our Global Employer of Choice position Sustain results achieved in Canada by extending deeper into the talent pool Maintain momentum in International by supporting the global launch/execution of the Advancement of Women initiative

18. Questions?