Scotiabank Strategy & Financial Objectives

Canada's International Bank Franchise in attractive markets History Global footprint in over 55 countries Established on east coast of Canada in 1832 In U.S. and Caribbean 125+ years Representative offices in Asia and Latin America since 1960's Began expanding Caribbean presence into Central and South America in 1990's. Primary focus in the region is on the countries of Mexico, Peru, Colombia and Chile As at Q3 2016 (C$)1 Scotiabank Scotiabank Credit Ratings4 Total Assets $907B CET1 Risk Weighted Assets $358B Moody's S&P Fitch DBRS Market Capitalization $80B Senior Rating Aa3 A+ AA- AA Q3/16 Net Income $1,959M Outstanding Not ROE 14.8% Covered Aaa AAA AAA Rated Bonds Productivity Ratio² 52.8% Outlook Negative Stable Stable Negative Capital Ratio³ 10.5% # of Employees 88,783 (1) Adjusts for restructuring charge of $278 million after-tax ($378 million before-tax) (2) Taxable Equivalent Basis (3) Basel III "all-in" Common Equity Tier 1 Ratio (4) A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revisions or withdrawals at any time 5 Scotiabank®

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