Ms. Thomas, age 59, is a corporate director with experience in brand management and consumer goods. She received her B.A. from the University of Michigan and attended the Total Quality Management Program at Washington University.

Ms. Thomas currently serves as a director of Spectrum Brands, Inc. and the Blue Cross/Blue Shield Companies of Florida. Ms. Thomas was a director and Interim Chief Executive Officer of Ocean Spray Company and a director of The Dial Corporation. She has held the positions of President of Warner-Lambert Consumer Healthcare Company (1997 to 2000) and was Chief Executive Officer of Pillsbury Canada Ltd. (1995 to 1997). Ms. Thomas did not serve as a director of any other publicly-traded companies during the period from 2004 to 2008.

Scotiabank Board Details:

• Director since September 28, 2004
• Member of: Audit and Conduct Review Committee and Human Resources Committee
• Has until fiscal 2013 to meet the Share Ownership Guidelines
• Independent
• Latest Retirement Date: ineligible for re-election in April 2020