Scotiabank ESG and Financial Performance Update

Reconciliation for non-GAAP Financial Measures Caribbean and Central America: NIM and Risk Adjusted Margin ($ millions) Average total assets¹ Less: Non-earning assets Average total earning assets¹ Caribbean and Central America Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 32,409 33,219 34,522 35,124 35,372 2,718 2,656 2,611 2,662 2,547 29,691 30,563 31,911 32,462 32,825 Less: Trading Assets 12 14 16 16 Securities purchased under resale agreements and securities borrowed 70 81 109 117 Other deductions 3,369 3,534 3,550 3,566 3,267 (A) Average core earning assets¹ 26,322 26,947 28,266 28,771 29,424 Net Interest Income 322 357 401 412 430 Less: (B) Core Net Interest Income Less: 322 357 401 412 430 Provision for credit losses 39 51 43 35 25 (C) Risk Adjusted Net interest income on core earning assets 283 306 358 377 405 Net Interest Margin (B/A) 5.02% 5.25% 5.63% 5.68% 6.00% Risk Adjusted Margin (C/A) 4.41% 4.50% 5.02% 5.19% 5.65% 1 Average balances represents the average of daily balance for the period 87

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