Investor Day Summary

FX MOVEMENTS VERSUS CANADIAN DOLLAR Canadian (Appreciation) / Depreciation Currency Q1/18 Q4/17 Q1/17 Q/Q Y/Y SPOT U.S. Dollar 0.813 0.775 0.769 (4.9%) (5.8%) Mexican Peso 15.13 14.86 16.03 (1.8%) 5.6% Peruvian Sol 2.615 2.520 2.514 (3.8%) (4.0%) Colombian Peso 2,301 2,358 2,248 2.4% (2.4%) Chilean Peso 490.1 493.3 498.4 0.7% 1.7% AVERAGE U.S. Dollar 0.791 0.800 0.750 1.2% (5.5%) Mexican Peso 15.04 14.52 15.50 (3.6%) 3.0% Peruvian Sol 2.558 2.597 2.533 1.5% (1.0%) Colombian Peso 2,336 2,358 2,265 1.0% (3.1%) Chilean Peso 495.0 506.7 498.2 2.5% 0.9% Scotiabank® 37

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