Scotiabank Investment Thesis

Additional Information Scotiabank Listings: Toronto Stock Exchange (TSX: BNS) New York Stock Exchange (NYSE: BNS) Scotiabank Credit Ratings Scotiabank Common Share Issue Information: 064149107 CA0641491075 . CUSIP: ISIN: FIGI: BBG000BXSXH3 NAICS: 522110 Moody's Investors Services Standard & Fitch Ratings Poor's Dominion Bond Rating Service Ltd. Aa2 A+ AA AA- A2 A- AA- AA (low) Baa1 BBB+ A (low) A-1 F1+ R-1 (high) Legacy Senior Debt¹ Senior Debt² Subordinated Debt (NVCC) Short Term Deposits/Commercial Paper P-1 Covered Bond Program Outlook Stable Aaa Not Rated AAA Stable AAA Stable Stable 1 Includes: (a) Senior debt issued prior to September 23, 2018; and (b) Senior debt issued on or after September 23, 2018 which is excluded from the bank recapitalization "bail-in" regime 2 Subject to conversion under the bank recapitalization "bail-in" regime For further information, please contact: www.scotiabank.com/investorrelations Scotiabank® 47

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