International Banking Volume Growth and Sector Highlights

OTHER SEGMENT1 Results reflect lower net gains NET INCOME² ($MM) (23) (48) (55) (78) (86) Q4/16 Q1/17 Q2/17 Q3/17 Q4/17 YEAR-OVER-YEAR HIGHLIGHTS Lower net gain on investment securities and real estate gains Partly offset by lower expenses 1 Includes Group Treasury, smaller operating segments, and other corporate items which are not allocated to a business line. The results primarily reflect the net impact of asset/liability management activities 2 Attributable to equity holders of the Bank ⑤Scotiabank® | 13

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