Scotiabank Track Record

Medium-Term Financial Objectives Metric All Bank EPS Growth ROE Operating Leverage Capital Canadian Banking (Investor Day - April 2014) Net Income Growth International Banking (Investor Day - January 2016) Net Income Growth Objectives Q1 2017 Results 5-10% 14%+ Positive 10% 14.3% 4.5% Maintain strong ratios 11.3% 6-9% 12% (1 (1) 8-10% 14%2 (2) €2 (1) Canadian Banking net income attributable to equity holders growth is 7% when adjusting for real estate gains (2) International Banking net income attributable to equity holders growth is 18% when adjusting for foreign currency translation 10 Scotiabank®

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