Scotiabank Canadian Legislative Covered Bonds Presentation

Canada's International Bank History • Established on east coast of Canada in 1832 • In U.S. and Caribbean 125+ years • Representative offices in Asia and Latin America since 1960's Began expanding Caribbean presence into Central and South America in 1990's. Primary focus in the region is on the Pacific Alliance countries of Mexico, Peru, Colombia and Chile Franchise in attractive markets Q2 2017 (C$) Scotiabank Scotiabank Credit Ratings (1) Total Assets $922B CET1 Risk Weighted Assets $375B Moody's S&P Fitch DBRS Market Capitalization $91.2B Senior Rating A1 A+ AA- AA Net Income $2.1B Outlook Negative Stable Stable Negative ROE 14.9% Covered Bonds Aaa Not Rated AAA AAA Productivity Ratio 54.7% CET 1 Capital Ratio (2) 11.3% # of Employees 88,679 (1) A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revisions or withdrawals at any time (2) Basel III "all-in" basis 5 Scotiabank®

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