Scotiabank Investor Day Summary

Compensation Regime No creditor worse off: creditors and shareholders are compensated where they have been made worse off than they would have been in a liquidation • Persons who hold the following claims at the time of entry into resolution are entitled to compensation: o Shares of the institution Subordinated debt vested in CDIC at the time of entry into resolution 。 NVCC subordinated debt subsequently converted into common shares pursuant to contractual terms Liabilities subsequently converted into common shares pursuant to Bail-in power ○ Any liability of the institution if the institution was wound-up at the end of the resolution process ○ Any liability of the institution that was assumed by a CDIC-owned work-out company or bridge bank which was subsequently liquidated or wound-up • Compensation = liquidation value-resolution value. · ⚫ Right to compensation is not transferrable Scotiabank® 43

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