Mr. Mayberry, age 64, is a corporate director and the retired Chair of the Board and Chief Executive Officer of Dofasco Inc., a manufacturer of primary steel products. Following the March 3, 2009 Annual Meeting, Mr. Mayberry assumed the role of Chairman of the Board of the Bank. He holds a B.A. from the University of Western Ontario and a diploma from McMaster University in Metallurgy of Iron and Steel. He has been awarded an Honorary Doctor of Laws from McMaster University and is a member of the Order of Canada.

At different times during the period from 2004-2008, Mr. Mayberry served as director of the following publicly-traded companies: CFM Corporation, Decoma International Inc., Inco Limited and MDS Inc., where he also served as Non-Executive Chairman.

Scotiabank Board Details:

• Director since March 29, 1994
• Member of: Executive and Risk Committee. Ex-officio member of Audit and Conduct Review Committee, Corporate Governance and Pension Committee and Human Resources Committee.
• Meets Share Ownership Guidelines
• Independent
• Latest Retirement Date: ineligible for re-election in April 2015