Investor Presentaiton

Q3 2019 CANADIAN RESIDENTIAL MORTGAGES Credit fundamentals remain strong NEW ORIGINATIONS UNINSURED LTV* DISTRIBUTION Q3/18 Q2/19 Q3/19 Canada GVA 61% Total Originations ($B) Uninsured LTV 11.9 7.1 14.0 63% 64% 64% GTA 63% GTA BC & Territories Total Originations ($B) Uninsured LTV 3.6 2.3 4.5 62% 64% 63% 63% GVA Atlantic Prairies 68% ON QC Provinces 64% 65% 67% Total Originations ($B) Uninsured LTV 1.4 0.9 1.6 60% 63% 61% *Average LTV ratios for our uninsured residential mortgages originated during the quarter FICO® DISTRIBUTION - CANADIAN UNINSURED PORTFOLIO1 Average FICO Score Canada 789 GTA 791 GVA 795 15% 11% 12% 4% < 635 636-706 58% • 707- - 747 748-788 > 788 FICO is a registered trademark of Fair Isaac Corporation 1 FICO® distribution for Canadian uninsured portfolio based on score ranges at origination 2 Percentage is based on Total Mortgages . Only <0.70% of uninsured portfolio² has a FICO® score of <620 and an LTV >65% Canadian uninsured mortgage portfolio is $133 billion as at Q3/2019 Scotiabank. | 26

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