Scotiabank Investor Day Summary

FOCUSED ON THE PACIFIC ALLIANCE Attractive growth opportunity for the Bank Pacific Alliance ○ Identified as a key area of growth for the Bank 。 Reflects a trade bloc with a free trade agreements to liberalize commerce and improve integration among Mexico, Peru, Chile, and Colombia ○ The strategic purpose is to strengthen trade flows with Asia and to compete with Brazil and Argentina, which participate in Mercosur 。 The Pacific Alliance accounts for 36% of Latin America's GDP, comparable to Brazil o Canada has bilateral free-trade agreements with all four Pacific Alliance countries and it has initiated an application for Associate Membership in the Alliance • Pacific Alliance Presents an Attractive Long-Term Opportunity ○ Altogether the 6th largest goods exporter in the world o Trade bloc with respective governments supporting growth/significant infrastructure spending o Strong GDP growth rates relative to peers Considerable room to increase banking penetration (avg. domestic credit/GDP of 66%) o Fast-growing middle-class with increasing financial demands o Favourable demographics for banking needs (median age of 29 years old) 。 Relatively stable legal, tax, and regulatory infrastructure in place ○ Central bankers have earned credibility and banking system is well-capitalized Scotiabank® 63

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