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Investor Presentaiton

Provisions for Credit Losses ($ millions) Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Canadian Retail 166 181 190 196 203 Canadian Commercial 14 13 14 21 14 Total Canadian Banking 180 194 204 217 217 Total - Excluding net acquisition benefit 180 212 221 232 221 International Retail 252 252 250 254 251 International Commercial 32 39 130 62 43 Total International Banking 284 291 380 316 294 Total - Excluding net acquisition benefit 301 315 415 343 337 Global Banking and Markets 27 54 118 38 39 All Bank 491 539 702 571 550 All Bank - Excluding net acquisition benefit 508 581 754 613 597 Increase in Collective Allowance 60 0 50 0 0 All Bank 551 539 752 571 550 PCL ratio (bps) - Total PCLs as a % of Average Net Loans & Acceptances Excluding Collective Allowance 42 45 59 47 45 Including Collective Allowance 47 45 64 47 45 27 Scotiabank®
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