2018 Financial Performance

TLAC Requirements and Eligibility Two concurrent minimum TLAC compliance requirements by Q1/22 21.5% minimum risk-based TLAC ratio & 6.75% minimum TLAC leverage ratio TLAC eligibility Tier 1 and 2 regulatory capital as per CAR guideline + Bail-in debt • Eligibility criteria for bail-in debt to qualify as TLAC Subject to permanent conversion into common shares in whole or in part pursuant to CDIC Act Directly issued by Canadian parent operating company Not secured or covered by a guarantee of the issuer or related party Perpetual or have remaining term >365 days No acceleration rights outside of bankruptcy, insolvency, wind-up, liquidation or failure to make principal or interest payments for 30 business days or more Callable without OSFI prior approval if, following the transaction, the minimum TLAC requirement is satisfied By Q1/22, Scotiabank will exceed the minimum TLAC requirement (plus Domestic Stability Buffer requirement) based on maintaining current capital levels and refinancing upcoming senior maturities Scotiabank® 40

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