Investor Presentaiton

Portfolio Details: Scotiabank Global Registered Covered Bond Program¹ Loan-to-Value Ratios² Credit Scores 21% 0% 4% 2% 4% 9% ■599 and Below 18% ■0% - 20% 34% ■600 - 650 ■20%-40% ■651 - 700 ■40%-60% 15% 51% ■701 - 750 ■60%-80% ■751 - 800 ■80% and Above ■801 and Above 44% 19% Remaining Term Distribution Provincial Distribution 3% 2% 2% 3% 6% 10% 2% 2% 5% 13% ■Less than 12.00 12.00-23.99 ■24.00 35.99 36.00 41.99 42.00 47.99 56% ลล (1) As at January 28,2016 (2) Uses indexation methodology as outlined in Footnote 1 of the Scotiabank Global Registered Covered Bond Monthly Investor Report 26 50% 17% ■ Alberta ■British Columbia ■ Ontario ■Quebec ■Manitoba ■New Brunswick ■Newfoundland ■Nova Scotia ■Saskatchewan Scotiabank®

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