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Investor Presentaiton

International Banking - Regional Growth Revenues (TEB) ($ millions) +18% Y/Y Average Loans & Acceptances ($ billions) +19% Y/Y 31 33 28 2,4501 2,357 108 90 68 71 59 2,075 74 724 712 605 Q1/15 Q4/15 Q1/16 Latin America ■Caribbean & Central America Constant FX 1,396 1,555 1,618 Retail Commercial³ Total Loan Volumes 2 Y/Y Latin America4 18% 17% 17% Q1/15 Q4/15 Asia ■Caribbean & Central America ■Latin America Q1/16 C&CA 2% -4% 0% Total 12% 11% 12% (1) Includes $30 million of negative goodwill related to the acquisition of Discount Bank in Uruguay and was entirely offset by integration charges (2) Colombia small business portfolio reclassed to Retail from Commercial - prior periods have been restated (3) Excludes bankers acceptances 2 F (4) Excluding impact of acquisitions - Discount (Uruguay), Cencosud (Chile), Peru Citi - and at constant FX, retail and total bank volumes were up 12% and 15% respectively 24 Scotiabank®
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