CINDY HARDING

Scotiabank is one of North America's premier financial institutions and Canada's most international bank. With approximately 60,000 employees, Scotiabank Group and its affiliates serve more than 12.5 million customers in some 50 countries around the world, offering a diverse range of products and services, including personal, commercial, corporate and investment banking.

Since welcoming our first customers in 1832, Scotiabank has enjoyed continued success by building on traditional core strengths - risk management, cost control, diversification, customer satisfaction and great employees. Our goal is to be the best Canadian-based international financial services company.

Corporate Social Responsibility

Corporate social responsibility (CSR) is an essential part of the way we do business at Scotiabank. We believe that, as a socially responsible company, our corporate goals and objectives must align with the priorities of our stakeholders, including our customers, employees, shareholders and community partners.

In 2007, the Bank contributed more than $43 million in sponsorships and donations to a variety of Canadian and international projects and initiatives, primarily in education, health care, social services, and arts and culture.

Our Core Businesses

Scotiabank focuses on creating and seizing opportunities to better serve our customers, reward our shareholders, engage our employees and help our communities to prosper. Our success is reflected in our philosophy, One Team, One Goal, and in the strength of our three major business lines: Domestic Banking, International Banking and Scotia Capital.

Domestic Banking

Domestic Banking provides a comprehensive range of banking and investment services to over 7 million retail, wealth management, small business and commercial customers across Canada. Our multi-channel domestic delivery network includes more than 21,800 employees, over 1,000 branches, more than 2,850 automated banking machines, Internet, telephone and wireless banking, three call centres, 99 wealth management branches, four dealer finance centres and six commercial business support centres.

The Wealth Management Group -- which incorporates the key personal investment and advisory activities within the Scotiabank Group -- offers a comprehensive range of products and services. These encompass retail brokerage, mutual funds, and private client services (including personal trust, money management and private banking).

International Banking

International Banking encompasses Scotiabank's retail and commercial banking operations in more than 40 countries outside Canada - an international presence unmatched by our domestic competitors. The more than 34,000 employees of this business line, its subsidiaries and affiliates provide a full range of financial services to more than 5 million customers across the following geographic regions: the Caribbean and Central America, Mexico, Latin America and Asia.

Scotia Capital Inc.

Scotia Capital offers lending, investment banking and capital markets products to corporate, government and institutional clients. It provides full-service coverage across the NAFTA region, as well as a niche focus in select markets globally, through two divisions - Global Capital Markets and Global Corporate and Investment Banking. Scotia Capital has 17 offices and more than 300 relationship managers who are organized primarily around industry specialties. In 2007, Scotia Capital delivered record results for the fourth consecutive year.