Investor Presentaiton

CANADIAN RESIDENTIAL MORTGAGE PORTFOLIO 47% Insured $104.4 $11.6 Total Portfolio: $210 billion $92.8 $37.6 $8.6 $30.9 $3.6 $15.9 $29.0 $1.7 $27.3 $11.6 $0.2 $9.5 $0.7 $14.2 $11.4 $8.8 53% Ontario BC & Territories Alberta Quebec Atlantic Provinces Manitoba & Saskatchewan Uninsured Freehold $184B Condos $26B (Spot Balances as at Q2/18, $B) Average LTV of uninsured mortgages is 54%¹ New originations² average LTV of 63% in Q2/18 1 LTV calculated based on the total outstanding balance secured by the property. Property values indexed using Teranet HPI data 2 New originations defined as newly originated uninsured residential mortgages and have equity lines of credit, which include mortgages for purchases refinances with a request for additional funds and transfer from other financial institutions Scotiabank® | 32

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