Investor Relations Presentation

CANADIAN BANKING Strong Core Canadian Base • Highlights: Contributed 34% of YTD Q3/14 consolidated net income As at Q3 2014 Total Assets (avg.) Total Deposits (avg.) In C $ $281B $188B 1 Q3/14 Net Income $565MM • Double digit growth in personal loans and credit cards Productivity Ratio Branches # of Employees Total Revenue (YTD2014) 1,038 19,899 51.4% Strategic Priorities: • • • Transform retail and deepen relationships within targeted customer segments Build on our expertise in payments and accelerate credit card growth Leverage commercial banking platform to achieve greater market penetration Retail & Small Business Banking C$ millions • Extend Tangerine's offerings to meet banking needs of self-directed customers • Improve operational excellence and deliver sustained cost savings 77% 23% Commercial Banking Net Income¹ $2,151 $1,798 $1,705 CAGR 20% (1) Attributable to equity holders 2012 2013 YTD 2014 5

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