Investor Presentaiton

Diluted EPS Reconciliation ● This quarter included a restructuring charge of $278 million after-tax, or $0.23 per share $ per share Q2/16 Reported Diluted EPS $1.23 Add: Amortization of Intangibles $0.02 Add: Restructuring Charges $0.23 Adjusted Diluted EPS excluding $1.48 Restructuring Charges Scotiabank® 19

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