Investor Presentaiton

Strong Capital Generation and Position Capital levels are well above minimum regulatory requirements. Expect CET1 >11%. CET1 Ratio 11.2% 11.4% +33 bps +14 bps -65 bps 11.1% -10 bps +1 bp +10 bps Q3/18 Internal Capital RWA Impact Generation (ex. FX) Impact of Acquisitions Share issuance / (buybacks) (net) Other Including FX Q4/18 Impact of Announced Dispositions Q4/18 Pro- Forma Strong Capital Levels 14.9% 1.8% 1.6% 15.3% 14.6% 14.5% 14.3% 1.8% 1.9% 1.7% 1.5% 1.5% 1.4% 1.8% 1.4% 12.0% 11.5% 11.2% 11.4% 11.1% Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 CET1 Tier 1 Tier 2 Scotiabank® 11

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