Investor Day Summary

CANADIAN REGULATORY ENVIRONMENT: BAIL-IN AND TLAC Banks to begin reporting TLAC measures in Q1/19 ⚫ October 2011: Financial Stability Board (FSB) drafted recommendations regarding resolution regimes for global systemically important banks ⚫ 2014: Canadian consultation process began. In 2016, amendments to CDIC Act, Bank Act and other statutes were passed to allow for a bank recapitalization (bail-in) regime o Provided CDIC statutory power to convert specified eligible liabilities of domestic systemically important banks (DSIBS) into common shares in the event such banks become non-viable 。 Extended existing CDIC powers with respect to managing the unlikely scenario of a bank failure 2017-2018: Public consultation on bail-in regulations and related Total Loss Absorbing Capital "TLAC" ○ July 2017: draft guideline/consultations completed ○ March 2018: bail-in regulations registered and compensation regulations came into force ○ April 2018: final bail-in and TLAC regulations released ○ September 23, 2018: Final TLAC guideline and conversion and issuance regulations come into force • TLAC compliance for DSIBS ○ Beginning in fiscal Q1/22 (i.e., November 1, 2021), D-SIBS will be required to maintain a minimum risk-based TLAC ratio and a minimum TLAC leverage ratio as set out in orders made under the Bank Act Scotiabank | 36

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