Mr. Aaron Regent reports

SCOTIABANK WELCOMES STEVEN VAN WYK TO ITS BOARD OF DIRECTORS

Bank of Nova Scotia (Scotiabank) has appointed Steven Van Wyk to its board of directors, effective immediately.

Mr. Van Wyk brings expansive experience to the board, having served as former group chief information officer (CIO) of HSBC. Throughout his distinguished career, he has held several senior-level technology roles, including CIO of PNC Financial Services Group Inc., and global CIO of ING Groep NV. Additionally, he held leadership positions at Morgan Stanley, including as CIO/chief operating officer of its individual investor group.

"We are pleased to welcome Steven to Scotiabank's board of directors. Steven's extensive experience and proven leadership in technology for large, global financial services institutions will be invaluable to our board as we continue to support the bank's strategy and ambition to deliver more value for clients," said Aaron Regent, chair of the board for Scotiabank.

Mr. Van Wyk holds a BA in business management and accounting from the University of Central Iowa and was awarded an honorary doctorate of public service from Central College in 2019. He is a certified public accountant, certified internal auditor and Series 27 financial/operations principal. Mr. Van Wyk currently chairs the board of the Banking Industry Architecture Network, a non-profit seeking to establish a common architecture framework for enabling banking interoperability.

About Bank of Nova Scotia

Scotiabank's vision is to be its clients' most trusted financial partner to deliver sustainable, profitable growth and maximize total shareholder return. Guided by its purpose, "for every future," Scotiabank helps its clients, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.4-trillion (as at July 31, 2024), Scotiabank trades on the Toronto Stock Exchange and New York Stock Exchange.