© 2012 E*TRADE Financial Corporation all rights reserved Safe Harbor Statement This presentation contains certain forward-looking statements regarding our business strategy and the related impact, our strategic and capital plans, certain deleveraging and cost-savings initiatives, the continuation of current trends, future events and the future performance of the Company. E*TRADE claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 for all forward- looking statements. Various factors, including risks and uncertainties referred to in the prospectus supplement related to this offering as well as in the 10-K, 10-Q and other reports incorporated in the prospectus supplement could cause our actual results to differ materially from those indicated by our projections or other forward-looking statements. Notice to investors 2 Non-GAAP Financial Measures In addition to financial results prepared in accordance with Generally Accepted Accounting Principles, or GAAP, this presentation will also contain certain non-GAAP financial measures. Management uses these non-GAAP measures to evaluate our performance and in planning for future periods. Management believes that adjusting GAAP measures by excluding or including certain items is helpful to investors and analysts who may wish to use some or all of this information to analyze our current performance, prospects and valuation. It is important to note these non-GAAP measures involve judgment by management and should be considered in addition to, not as a substitute for, the most directly comparable measures calculated and prepared in accordance with GAAP. Investors and potential investors are encouraged to review the reconciliation of non-GAAP financial measures with their most direct comparable GAAP financial measures included as an appendix to this presentation. This presentation presents data as of September 30, 2012, unless otherwise indicated. | 
