Investor Presentaiton

Well Positioned in Higher ROE Markets Banking ROE by Market¹ 25.0% 19.1% 20.0% 15.0% 10.0% 5.0% 0.0% 15.3% 12.1% 11.0% 6.7% Pacific Alliance Mexico Peru Colombia Chile Canada US Asia Europe Royal Bank TD Bank Scotiabank JP Morgan China Germany BofA Japan UK Citigroup South Korea France BMO CIBC India Spain Indonesia Malaysia Switzerland Italy Vietnam Netherlands Wells Fargo SunTrust US Bancorp BB&T PNC Financial Fifth Third M&T Philippines Hong Kong 1 Return on equity in latest reporting period for leading bank by market share in loans for each country. Canada and US figures are average for leading banks. Belgium Denmark 8

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