Digital Progress: Canada

Commercial Real Estate Portfolio comprised of Commercial Real Estate, and Construction loans which include project management and trade contractors LOANS OUTSTANDING Q2/22 Q1/23 Q2/23 26.2 24.3 19.9 Total Portfolio: $67.1Bn Y/Y: +27% Q/Q: +6% 11.6 12.4 15.4 16.1 9.5 11.9 4.0 4.3 4.5 3.1 2.9 3.1 4.2 4.8 4.8 Residential/Multi Family REITS Office Retail Industrial Other² BY GEOGRAPHY BY SEGMENT • • HIGHLIGHTS Growth in Real Estate and Construction loans has been primarily from under-supplied sectors (Residential and Industrial), representing 75% of portfolio Exposure is geographically diversified across Canada, PAC, US and other regions, with US exposure largely to investment grade corporate borrowers Industry headwinds continue due to rising interest rate, high inflation and supply constraints which are in part mitigated by long standing relationships to top tier developers with experience managing through cycles Including Office REITs, total exposure to Office subsector was $6.9Bn (10% of portfolio), of which ~2/3rds was investment grade facilities primarily to large, diversified proponents APAC Other 6% 3% US 12% Other 2 Retail 5% Q2/23 Office (including REITS) 7% Canada $4.3 Bn 63% Office 7% APAC 1.2 17% PAC 0.7 10% Residential /Multi US 0.3 4% PAC 13% Q2/23 $67.1 Bn Canada 66% REITS 18% Q2/23 $67.1 Bn Other 0.4 6% Family 39% Total $6.9 Bn Industrial 24% 1 REITs include REITS-Industrial (7%), REITS-Retail (3%), REITS-Residential (3%), REITS-Office (3%) and REITS-Diversified (2%); 2 Other includes Engineering & Project Management and Trade Contractors 46

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