International Banking and Growth

Capital - Strong Position Basel III Common Equity Tier 1 (CET1) (%) 10.9 9.8 9.4 10.8 10.3 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 CET1 Risk-Weighted Assets ($B) 335 302 300 308 312 . • . Highlights Basel III CET1 ratio of 10.3%, down 50bps Q/Q • Pension liability revaluation Share buyback Q1/15 internal capital generation of $0.8 billion Repurchased 7 million shares under NCIB in Q1/15 CET1 Risk-weighted assets up $23 billion Q/Q to $335 billion • • Impact of a weaker Canadian dollar on foreign currency denominated assets Growth in personal and business lending Basel III Leverage ratio of 4.1% Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 7 Capital position remains strong Scotiabank®

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