Scotiabank Business Overview and Economic Outlook

Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Q4/19 Deposit Overview Strong growth in personal & business and government deposits Personal Deposits (Spot, Canadian Dollar Equivalent, $B) • $244 $250 $201 $211 $222 $223 $224 $204 $215 $225 $225 $235 $246 3Y CAGR 7.5% • Personal Deposits Majority of Q/Q growth from Canada Continued impact of system liquidity from central banks and government relief programs Important for both relationship purposes and regulatory value Q1/20 Business & Government Deposits¹ (Spot, Canadian Dollar Equivalent, $B) $197 $179 $170 $197 $168 $211 $221 $223 $227 $263 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 3Y CAGR 17.5% Q2/20 Q3/20 Q4/20 Q1/21 $270 $276 $274 • 1 Calculated as Business & Government deposits less wholesale funding as per Wholesale Funding Sources table in the MD&A, adjusted for Sub Debt. Excludes Financial Institution deposits. Business & Government Continuing to leverage relationships to grow deposits Focusing on deposits with regulatory value 50 50

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