Q1 2014 Trading Results and Financial Overview

Canadian Residential Mortgage Portfolio ($ billions, as at January 31, 2014) 32 (1) (2) $94 $9 Total Portfolio: $189 billion Insured Uninsured 55% 45% Average LTV of uninsured mortgages is 57%¹ $85 $30 $29 $5 -$3 $16 $25 $26 -$1 $12 -$0 $8 $14 $12 -$0 $7 Ontario B.C. & Territories Alberta Quebec Atlantic Manitoba & Provinces Saskatchewan Condos $19B Freehold - $170B LTV calculated based on the total outstanding balance secured by the property. Property values indexed using Teranet and CREA data Some figures on bar chart may not add due to rounding Appendix Scoti You' 17 Scotiabank Scotiabank 9

View entire presentation