International Banking Revenue and Loan Growth

STABLE CORE BANKING MARGIN 2.46% 2.47% 2.46% 2.47% 2.44% Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 YEAR-OVER-YEAR HIGHLIGHTS • • Change in business mix from the impact of International Banking acquisitions and higher margins in Canadian Banking Lower margins in Global Banking and Markets and lower contribution from asset/liability management activities Scotiabank® 23 23

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