International Retail Loans and Provisions

Capital - Strong Position Basel III Common Equity Tier 1 (CET1) (%) · • 10.8 10.3 10.6 10.4 10.3 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 CET1 Risk-Weighted Assets ($B) . Highlights Internal capital generation of $3.6 billion in fiscal 2015 Repurchased 15.5 million shares in fiscal 2015 Annual dividend payment of $2.72, reflecting a dividend payout ratio of 48% on 2015 earnings CET1 Risk-weighted assets were up $10 billion Q/Q • Retail and business lending 358 348 • 335 Basel III Leverage ratio of 4.2% 329 312 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 7 Capital position remains strong Scotiabank®

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