FY 2021 BALANCED APPROACH BETWEEN INVESTMENT AND COST MANAGEMENT

STRONG PERFORMANCE AGAINST OUR MEDIUM-TERM OBJECTIVES National Bank's Medium-Term Objectives Growth in Diluted EPS excluding specified items(1) FY 2021 Results Medium-Term Objectives 48.2% √ 5-10% Return on Equity excluding specified items(2) 20.8% √ 15-20% Dividend Payout Ratio excluding specified items(2) 31.3 % 40-50% CET1 Capital Ratio(3) 12.4 % √ > 11.00 % Leverage Ratio(3) 4.4 % √ > 3.75 % (1) Represents a non-GAAP financial measure. See slide 2. (2) Represents a non-GAAP ratio. See slide 2. (3) Represents a capital management measure. See slide 2. 6

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