Investor Presentaiton

Global Registered Covered Bond Program¹ Global Covered Bond Program: CAD$100 billion program size, $60 billion outstanding ($30B self-issued) LOAN-TO-VALUE RATIOS² CREDIT SCORES³ 45% 53% 36% 7% 21% 15% 3% 2% 0% 3% 14% 0-20% 20-40% 40-60% 60-80% 80+% <599 600-650 651-700 701-750 751-800 800+ REMAINING TERM DISTRIBUTION (MONTHS) 10.0% 9.3% Alberta 0.2% Territories 2.0% Saskatchewan 25.6% 22.5% 20.4% 13.6% 0.9% 7.9% Quebec <12 12-23.99 24-35.99 36-41.99 42-47.99 48+ 0.2% P.E.I. PROVINCIAL DISTRIBUTION 1.1% 22.3% British Columbia 60.2% Ontario Manitoba 1.7% 0.9% New Brunswick 1.2% Newfoundland Nova Scotia 1 As at July 30, 2020. Charts may not add to 100% due to rounding 2 Uses indexation methodology as outlined in Footnote 1 on page 3 of the Scotiabank Global Registered Covered Bond Monthly Investor Report 3 Excludes unavailable credit scores 85

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