Scotiabank Pacific Alliance Expansion

COVID-19 Response in Core Markets United Canada Mexico Peru Chile Colombia Policy Action States Policy Rate Cuts¹ 150 bps 150 bps 300 bps 200 bps 125 bps 250 bps (Since March 1, 2020) Fiscal & Financial Measures 17.5% 22.3% 0.7% 20.0%2 17.5%² 2.8% (% of GDP) Liquidity program Wage and payroll Selected support programs Key Payment deferral Measures programs Small business and sectoral programs Vaccine Coverage³ 794% 416% 123% 173% 253% 60% (% of possible population covered) Vaccine Deployment4 44.79 79.14 17.05 6.86 84.99 13.46 (Vaccine doses administered per 100 people) COVID-19 Incidence Rate4 (Cumulative confirmed cases per 100k people) 3,483 9,914 1,839 5,658 6,594 5,992 Sources: Scotiabank Economics, Duke University, Johns Hopkins University, Our World in Data and national reports as of May 12, 2021, unless otherwise indicated 1 As of May 12, 2021 2 Includes pension withdrawals and deposit relief 3 Internationally comparable Duke University data adjusted for national reports; excludes doses via COVAX 4 As of May 12, 2021 Source: Our World in Data 56

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