Increasing Scale, Improving Focus

Other Regions Strong contribution from leading Caribbean & Central American franchise • Caribbean & Central America 。 16 countries contributing - CAD $700MM in earnings in 2018 。 Well-established, diversified franchise that serves retail, commercial and corporate customers ○ Actively managing footprint to ensure scale in larger growth markets and reduce risk profile: О Announced sale of operations in 9 smaller countries in Caribbean in Q1/19 Completed acquisition of Banco Dominicano del Progreso in Q2/19. Doubles customer base and creates 4th largest bank Completed sale of pension and insurance operations in the Dominican Republic in Q2/19 ○ Announced sale of banking and insurance operations in El Salvador in Q2/19 О Announced sale of Announces the sale of operations in Puerto Rico and the U.S. Virgin Islands in Q3/19 o Recognized by Global Finance magazine as: Asia "Best Bank Award 2017" in the Bahamas, Barbados, Costa Rica, Turks & Caicos and U.S. Virgin Islands; "World's Best Consumer Digital Bank 2017" in 24 countries across Latin America and the Caribbean; and "Best in Mobile Banking" in the Caribbean region 。 Thailand: 49% interest in Thanachart Bank ("TBank") (2007) О ○ Announced definitive agreement to reduce investments in Thailand in Q3/19, resulting in Scotiabank owning approximately 6% of a Merged Bank (among ING Groep, TBank and TMB) CAD $3.0B carrying value as of October 31, 2018 CAD $590MM of net income for twelve months ended October 31, 2018 。 China: 19.9% interest in Bank of Xi'an (2009) ○ CAD $1.2B market value as of Q2/19 CAD $772MM carrying value as of October 31, 2018 ○ CAD $456MM of net income for twelve months ended October 31, 2018 Scotiabank. 42

View entire presentation