Investor Presentaiton

Canadian Residential Mortgage Portfolio (1) (2) (Spot Balances as at Q3/15, $ billions) $92.6 $9.3 Total Portfolio: $189 billion Insured Uninsured 48% 52% Average LTV of uninsured mortgages is 53% $83.3 $30.6 $5.7 $29.7 $3.4 $24.9 $26.3 $15.3 $1.6 $12.1 $0.2 $8.7 $0.6 $13.7 $11.9 Ontario B.C. & Territories Alberta Quebec Atlantic Provinces $8.1 Manitoba & Saskatchewan ■Freehold - $168B Condos - $21B LTV calculated based on the current outstanding balance secured by the estimated value of the underlying property using Teranet sub-index data Some figures on bar chart may not add due to rounding 31 Scotiabank®

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