Scotiabank Risk Overview

Strong Capital Position Q/Q CHANGE IN CET1 RATIO (%)¹ 21 bps 9 bps 11.5% (16 bps) (12 bps) (2 bps) 11.5% Q4 2022 Reported Earnings less RWA Growth dividends (ex. FX) Canada FVOCI Recovery securities Dividend Other (net) Q1 2023 Reported Internal capital generation 462.4 Q/Q CHANGE IN RISK WEIGHTED ASSETS ($Bn) 2.7 6.7 (0.7) 0.2 0.2 471.5 Q4 2022 Business Growth Book Quality FX & Other Market Risk Operational Q1 2023 Risk 1 This measure has been disclosed in this document in accordance with OSFI Guideline - Capital Adequacy Requirements (November 2018) . • . Internal capital generation supported organic growth across all business lines and contributed an additional 5 basis points to the CET1 ratio The revaluation of FVOCI securities mitigated much of the one-time impact of the Canada Recovery Dividend Adoption of Basel III reforms in Q2 2023 is estimated to benefit capital by approximately 20 to 30 bps • Q/Q growth in RWA of $9.1 billion was primarily from continued strong business line growth Foreign currency also contributed to higher RWA this quarter 11

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