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Investor Presentaiton

PCL Ratios (Total PCL as a % of Average Net Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Loans & Acceptances) Canadian Banking Retail 0.24 0.25 0.26 0.26 0.28 Commercial 0.12 ☐ 0.13 0.08 0.15 0.14 Total 0.23 0.24 0.23 0.24 0.26 International Banking Retail (1) 2.37 2.28 2.37 2.18 2.09 Commercial (1) 0.35 0.19 0.26 0.26 0.28 Total 1.33 1.19 1.27 1.17 1.14 Total - Excluding credit marks 1.40 1.21 1.34 1.29 1.24 Global Banking and Markets 0.08 0.08 0.08 0.14 0.27 All Bank 0.42 0.41 0.42 0.42 (2) 0.45 (2) €2 (1) Colombia small business portfolio reclassed to Retail from Commercial - prior periods have been restated Excludes collective allowance increase; including collective allowance increase, All Bank PCL ratio was 0.47 Scotiabank® 15
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