Q2 2014 Financial Review

Strategic Priorities Canadian Banking International Banking Global Wealth & Insurance Global Banking & Markets Transform retail and deepen relationships within targeted customer segments • Build on our expertise in payments and accelerate credit card growth • Leverage commercial banking platform to achieve greater market penetration Extend Tangerine's offerings to meet banking needs of self-directed customers Improve operational excellence and deliver sustained cost savings • Leverage expertise in key markets with a focus on becoming the primary bank to our customers ⚫ Optimize our operating model to maximize efficiency to best serve our customers • Make it easier for our customers to do business with us ⚫ Drive growth and scale in our priority region of Latin America ⚫ Focus on acquiring and building loyal and profitable client relationships ⚫ Expand international capabilities in key wealth and insurance businesses Continue to build scale in global asset management ⚫ Drive growth in Global Transaction Banking through integrated cash management, payments and trade finance solutions Strengthen customer relationships and product capabilities to enhance profitability Optimize our coverage model to drive cross-sell ⚫ Grow our business in regions that capitalize on the Bank's existing geographic footprint Financial Review Scoti You' Sean McGuckin Chief Financial Officer 5 Scotiabank Scotiabank 3

View entire presentation