Investor Presentaiton

Overview of Canadian Bail-in Regulations Introduction • In effect since September 23, 2018 • Canada's resolution authority is Canada Deposit Insurance Corp (CDIC) • Bail-in framework provides CDIC the statutory power to convert certain eligible debt into common equity to recapitalize a non-viable DSIB Supplements existing NVCC framework and other resolution tools 。 Several tools available including bail-in and restructuring the bank 。 Goal to return the bank to viability Applies to six Canadian DSIBs, including Scotiabank Bail-In Basics A statutory conversion power that allows for the permanent conversion of eligible shares and liabilities of a non-viable bank into common shares, incremental to OSFI's conversion of NVCC Bail-in conversion would occur in the context of an open bank; the bank remains open and operating and continuing to provide critical services to its customers CDIC has flexibility to determine: Quantum of conversion - portion of bail-in debt to be converted into common shares Timing of conversion - if it will take place immediately or over a period of time Process for converting - if conversion will take place in one or more steps CDIC must adhere to certain parameters Adequate recapitalization Order of conversion Equally ranking instruments Relative creditor hierarchy Scotiabank® 55 55

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