Georgetown, Guyana – June 9, 2022 - Scotiabank announced today that the agreement for the sale of its banking operations in Guyana to First Citizens Bank Limited has expired. The agreement has been terminated in accordance with its terms.

Scotiabank remains committed to providing the highest level of customer service and quality banking solutions to our customers in Guyana and across the Caribbean.

About Scotiabank

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, 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 a team of over 90,000 employees and assets of approximately $1.3 trillion (as at April 30, 2022), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit http://www.scotiabank.com and follow us on Twitter @ScotiabankViews.

For investor enquiries only:
John McCartney
Investor Relations, Scotiabank
John.mccartney@scotiabank.com