Investor Presentaiton

Provisions for Credit Losses ($ millions) Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Canadian Retail 154 157 165 166 181 Canadian Commercial 11 12 8 14 13 Total Canadian Banking 165 169 173 180 194 International Retail 246 242 262 252 252 International Commercial 39 24 31 32 39 Total International Banking 285 266 293 284 291 Total - Excluding credit marks 301 270 309 315 318 Global Banking and Markets 13 13 14 27 54 All Bank 463 448 480 491 539 All Bank - Excluding International Banking credit marks 479 452 496 522 566 Increase in Collective Allowance 0 0 0 60 0 All Bank 463 448 480 551 539 PCL ratio (bps) - Total PCLS as a % of Average Net Loans & Acceptances Excluding Collective Allowance Including Collective Allowance 42 41 42 42 45 42 41 42 47 45 Scotiabank® 28 28

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