Scotiabank ESG and Financial Performance Update

Reconciliation for non-GAAP Financial Measures Pre-Tax, Pre-Provision Profit ($ millions) Business Line Pre-tax, pre-provision profit Q2/22 Revenue All-Bank Expenses Pre-tax, pre-provision profit Reported Basis Q1/23 Q2/23 7,942 7,980 7,929 4,159 4,464 4,576 3,783 3,516 3,353 Adjusted Basis¹ Q2/22 Q1/23 Q2/23 7,942 7,980 7,929 4,135 4,443 4,555 3,807 3,537 3,374 Revenue Canadian Banking Expenses Pre-tax, pre-provision profit 2,903 3,164 3,134 1,324 1,449 1,457 1,579 1,715 1,677 2,903 3,164 3,134 1,319 1,447 1,456 1,584 1,717 1,678 Revenue 2,407 2,701 2,752 2,407 2,701 2,752 International Banking Expenses 1,268 1,436 1,479 1,258 1,426 1,468 Pre-tax, pre-provision profit 1,139 1,265 1,273 1,149 1,275 1,284 Revenue 1,737 1,889 1,918 1,737 1,889 1,918 Pacific Alliance Expenses 782 873 915 773 865 906 Pre-tax, pre-provision profit 955 1,016 1,003 964 1,024 1,012 Caribbean and Revenue 503 597 623 503 597 623 Expenses 305 345 344 304 344 343 Central America Pre-tax, pre-provision profit 198 252 279 199 253 280 Revenue 1,358 1,323 1,300 1,358 1,323 1,300 Global Wealth Management Expenses 803 802 818 794 793 809 Pre-tax, pre-provision profit 555 521 482 564 530 491 Revenue 1,262 1,503 1,352 Global Banking and Markets Expenses 653 773 752 Pre-tax, pre-provision profit 609 730 600 1 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Second Quarter 2023 Report to Shareholders, available on http://www.sedar.com - 84

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