Investor Presentaiton

Canada's International Bank History Global footprint in over 55 countries Established on east coast of Canada in 1832 In U.S. and Caribbean 125+ years Representative offices in Asia and Latin America since 1960's Began expanding Caribbean presence into Central and South America in 1990's. Primary focus in the region is on the countries of Mexico, Peru, Colombia and Chile Scotiabank Credit Ratings³ Franchise in attractive markets As at Q1 2016 (C$) Scotiabank Total Assets $920B Moody's S&P Fitch DBRS Risk Weighted Assets $374B Senior Rating Aa3 A+ AA- AA Market Capitalization Q1/16 Net Income $69B 1,814M Outstanding Not Covered Aaa AAA ААА Core Banking Margin 2.38% Rated Bonds ROE 13.8% Outlook Negative Stable Stable Negative Productivity Ratio¹ 54.8% Capital Ratio² 10.1% # of Employees 89,297 (1) Taxable Equivalent Basis (2) Basel III "all-in" Common Equity Tier 1 Ratio (3) A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revisions or withdrawals at any time 4 Scotiabank®

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