Investor Presentaiton

Q4 2016 Trading Results and One-Day Total VaR Millions 30 25 25 20 20 15 10 100 5 Q4 2016 Trading Results and One-Day Total VaR Лими • 1-Day Total Var • Actual P&L 0 -5 -10 -15 Average 1-Day Total VaR Q4/16: $10.4 MM Q3/16: $11.0 MM Q4/15: $13.1 MM 33 Scotiabank®

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