Investor Presentation

Interest Rate Sensitivity NET INTEREST INCOME SENSITIVITY An immediate and sustained +100 bps parallel shift would have a negative impact on annual net interest income of $126 million for Year 1 and a positive impact of $191 million for Year 2 Canada POLICY RATE CHANGE AND OUTLOOK Change During BNS Fiscal Quarters Current Expected Increase Country Q1/22 Q2/22 QTD Q3/222 +75 bps Policy Rate 1.00% From Current Policy Rate To Dec 31, 20223 +150 bps • Above estimates assume a static balance sheet and no management actions¹ US +25 bps +50 bps 1.00% +150 bps Mexico +75 bps +100 bps +50 bps 7.00% +150 bps Colombia +150 bps +200 bps 6.00% +200 bps Peru Chile +150 bps +150 bps +50 bps 5.00% +75 bps +275 bps +150 bps +125 bps 8.25% INTEREST RATE ENVIRONMENT2 Canada & U.S. Interest Rate Environment (%) Mexico & Chile Interest Rate Environment 3.5 3.0 10.0 2.5 8.0 2.0 6.0 1.5 4.0 1.0 0.5 2.0 0.0 0.0 May-19 Nov-19 May-20 Nov-20 May-21 Nov-21 May-22 May-19 BoC Overnight Rate Fed Funds Rate CAD 5-Yr Swap Rate USD 5-Yr Swap Rate (%) Nov-19 May-20 Nov-20 May-21 Nov-21 May-22 Bank of Mexico Overnight Rate MXN 5-Yr Swap Rate Bank of Chile Monetary Policy Rate CLP 5-Yr Swap Rate 1 Additional detail regarding non-trading interest rate sensitivity can be found on page 36 of the Management's Discussion & Analysis in the Bank's Second Quarter 2022 Report to Shareholders, available on http://www.sedar.com 2 As of May 23, 2022 3 Source: Scotia Economics. US and Canada as at April 12, 2022 forecast, Pacific Alliance countries as at May 13, 2022 forecast 56

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