Investor Presentaiton

CAPITAL POSITION REMAINS STRONG CET1 ratio increased by 10 basis points in Q3/19 11.7% ~50 bps +33 bps -17 bps -4 bps -9 bps 11.2% -2 bps +3 bps 11.1% | Q2/19 Earnings Less Dividends RWA Impact (ex. FX) Share Buybacks Pension (Net of Issuances) Re-Measurement Puerto Rico Q3 Impact Other Including FX Q3/19 Reported Impact of Announced Divestitures Q3/19 Pro-Forma Internal Generation • Strong internal capital generation of 16 basis points • Repurchased 2.8 million common shares in Q3/19; 10 million shares fiscal 2019 YTD Q3/19 pro-forma CET1 ratio of 11.7% including announced divestitures Scotiabank. | 7

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