Investor Presentaiton

SCOTIABANK TO ACQUIRE MD FINANCIAL MANAGEMENT ("MD") Acquiring a leading wealth management business and entering into a long-term collaboration to provide an excellent experience for the medical community ATTRACTIVE BUSINESS AND CLIENTS • Unique opportunity to build valuable wealth management market share and capture primary banking relationships in highly attractive HNW client segment • • Largest independent platform in the Canadian wealth management landscape with readily achievable standalone growth opportunities Strengthens Scotiabank's Private Investment Counsel position in Canada, with Canadian Banking AUM to increase to $230BN+ from the acquisitions of MD and Jarislowsky Fraser LEVERAGING SCOTIABANK'S STRENGTHS • • Ability to deepen MD customer relationships through Scotiabank's leading retail, small business and private banking products and services Leverage Scotiabank's leading asset management capabilities and brand recognition (1832 Asset Management / Jarislowsky Fraser) • Significant achievable synergies and value enhancement opportunities MUTUALLY BENEFICIAL • Creates a meaningful long-term collaboration whereby the Canadian Medical Association ("CMA") will exclusively promote Scotiabank as the preferred provider of financial products and services to physicians and their families in Canada • AGREEMENT Ongoing opportunity to attract new physicians, residents and medical school students, continuing MD's approach of reaching clients early to develop long-term relationships with members Scotiabank® | 3

View entire presentation