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Investor Presentaiton

(1) PCL Ratios (Total PCL as % of average loans & Q3/14 Q4/141 Q1/15 Q2/15 Q3/15 BAS) Canadian Banking Retail Commercial 0.22 0.35 0.17 0.13 0.12 0.24 0.25 0.26 0.13 ☐ 0.08 Total 0.21 0.33 0.23 0.24 0.23 International Banking Retail 2.14 2.20 2.41 2.31 2.41 Commercial 0.33 1.08 0.35 0.20 ☐0.26 Total 1.19 1.62 1.33 1.19 1.27 Total - Excluding Colpatria credit mark 1.31 1.89 1.40 1.21 1.30 Global Banking & Markets 0.02 0.02 0.08 0.08 0.08 All Bank 0.37 0.53 0.42 0.41 0.42 All Bank - Excluding Colpatria credit mark 0.39 0.58 0.43 0.41 0.42 Excluding the impact for accelerated loan write-offs for bankrupt retail accounts of $62 million pre-tax (See Appendix - Notable Items), adjusted Q4/14 All Bank PCL ratio is 0.47 and Total Canadian Banking is 0.24 14 Scotiabank®
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