Investor Presentaiton

Global Banking & Markets Revenues (TEB) ($ millions) — Revenue & Volume Growth Average Loans & Acceptances ($ billions) -14% +9% Y/Y Y/Y 1,122 1,098 71 70 64 965 546 565 444 Q3/14 Q2/15 Q3/15 All-Bank Trading Revenue (TEB, $ millions) 576 533 521 453 407 353 347 3071 30 Q3/14 Q2/15 ■Business Banking Q3/15 ■Capital Markets (1) Adjusted for notable items (See Appendix - Notable Items) 24 24 277 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Scotiabank®

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