Investor Presentaiton

PCL Ratios (Total PCL as a % of Average Net Loans Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 & Acceptances) Canadian Banking Retail 0.30 0.30 0.31 0.32 0.34 Commercial 0.14 0.20 0.14 0.21 0.14 Total 0.28 0.29 0.28 0.30 0.31 Total - Excluding net acquisition benefit 0.30 0.31 0.29 0.31 0.32 International Banking Retail 2.09 2.13 2.01 2.10 2.19 Commercial 0.97 0.47 0.33 0.35 0.51 Total 1.50 1.26 1.15 1.21 1.33 Total - Excluding net acquisition benefit 1.63 1.39 1.32 1.32 1.45 Global Banking and Markets 0.57 0.19 0.19 0.04 0.01 All Bank 0.59 (1) 0.47 0.45 0.45 0.49 (1) Adjusting for collective allowance increase; including collective allowance increase, All Bank PCL ratio was 0.64 14 Scotiabank®

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