Investor Presentaiton

CANADIAN RESIDENTIAL MORTGAGE PORTFOLIO 45% Insured $106.0 $11.9 Total Portfolio: $212 billion $94.1 $38.3 $8.9 $30.9 $3.7 (Spot Balances as at Q3/18, $B) $15.9 $29.4 $1.7 $27.2 $11.5 $14.2 $11.3 $0.2 $9.5 $8.8 $0.7 55% Ontario BC & Territories Alberta Quebec Atlantic Provinces Manitoba & Saskatchewan Uninsured Freehold $185B Condos $27B Average LTV of uninsured mortgages is 53%¹ New originations² average LTV of 63% in Q3/18 1 LTV calculated based on the total outstanding balance secured by the property. Property values indexed using Teranet HPI data. 2 New originations defined as newly originated uninsured residential mortgages and have equity lines of credit, which include mortgages for purchases refinances with a request for additional funds and transfer from other financial institutions. Scotiabank 34

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