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MANAGEMENT PROXY CIRCULAR - Scotiabank

ANNUAL MEETING OF SHAREHOLDERS April 13, 2021 MANAGEMENT PROXY CIRCULAR YOUR VOTE IS IMPORTANT Please take some time to read this MANAGEMENT PROXY CIRCULAR for important information about the business of the meeting and to learn more about Scotiabank . Scotiabank is a leading bank in the Americas. Guided by our purpose for every future wehelpour customers, their families and their communities achieve success through a broad range of advice, products and services. Notice of annual meeting of common shareholders of The Bank of Nova Scotia WHEN Tuesday, April 13, 2021 9:00 (Eastern) WHERE Via Live Webcast Online at Given the continued uncertainty surrounding the COVID-19 pandemic and the importance of the health and safety of our employees, shareholders, communities and other stakeholders, we have taken the proactive step to obtain a court order that allows us to hold our annual meeting using electronic means.

We are soliciting proxies mainly by mail, but you may also be contacted by phone or in person by employees of Scotiabank or Computershare Trust Company of Canada, our transfer agent. We may also engage solicitation agents at a nominal cost. Unless indicated otherwise, information in this management proxy circular (circular) is as of

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