Investor Presentation Second Quarter 2018

TOTAL LOSS ABSORBING CAPITAL (TLAC) Well positioned to exceed requirements TLAC eligible debt required to reach 21.5% 1 $23B $58B 15.3% total capital $59.5B of senior debt maturing to Q2/22 • · $59.5B of senior debt maturing by Q2/22 Will exceed our TLAC requirement based on maintaining current capital levels and refinancing upcoming senior maturities SENIOR DEBT2 MATURITY TABLE (AT Q2/18) (Canadian Dollar Equivalent, $B) $59.5B $18 $16 $14 $13 $12 $10 Q2/2018 Sr. Debt Capital Stack Maturing to Q2/22 < 1 Year 2 Years 3 Years 4 Years 5 Years 5 Years > 1 As noted in the June 2017 draft TLAC guidelines 2 Senior Debt = Medium Term Notes and Deposit Notes as per MD&A. May not add due to rounding Scotiabank 39

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