Ms. Carina Ruas reports

SCOTIABANK ANNOUNCES ELECTION OF DIRECTORS

Scotiabank announced that the nominees listed in the management proxy circular dated Feb. 5, 2025, were elected as directors of the bank. The detailed results of the vote for the election of directors held at its annual meeting of shareholders on April 8, 2025, are set out below.

Election of directors

Each of the 12 nominees proposed by management was elected as a director of the bank.

Final voting results on all matters voted on at the annual meeting of shareholders held on April 8, 2025, will be published shortly on the Scotiabank website, and filed with the Canadian and United States securities regulators.

About Bank of Nova Scotia

Scotiabank's vision is to be its clients' most trusted financial partner and deliver sustainable, profitable growth. 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 Jan. 31, 2025), Scotiabank is one of the largest banks in North America by assets and trades on the Toronto Stock Exchange and New York Stock Exchange.