RNS ANNOUNCEMENT

The Bank of Nova Scotia

7 July 2025

Publication of Final Terms

Not for release, publication or distribution, directly or indirectly, in or into the United States.

The Final Terms dated 3 July 2025 in respect of the issue by The Bank of Nova Scotia (the "Issuer") of €30,000,000 4.04 per cent. Callable / Puttable Senior Notes due 7 July 2045 (the "Notes") pursuant to its Euro Medium Term Note Programme (the "Programme") are available for viewing.

The Final Terms in respect of the Notes must be read in conjunction with the Prospectus dated 11 July 2024 and the supplemental prospectuses dated 27 August 2024, 10 December 2024, 25 February 2025 and 27 May 2025 relating to the Programme (together, the "Prospectus") which constitutes admission particulars for the purposes of the ISM Rulebook.  Full information on the Issuer and the offer of the Notes is only available on the basis of the combination of the Final Terms and the Prospectus.

To view the Final Terms in respect of the Notes, please paste the following URL into the address bar of your browser: http://www.rns-pdf.londonstockexchange.com/rns/0319Q_1-2025-7-7.pdf

DISCLAIMER - INTENDED ADDRESSEES

Please note that the information contained in the Prospectus and the Final Terms, may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Prospectus) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Final Terms is not addressed.  Prior to relying on the information contained in the Final Terms you must ascertain from the Prospectus, as supplemented by the Final Terms, whether or not you are part of the intended addressees of the information contained therein.

The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act").  Subject to certain exceptions, the Notes may not be offered, sold or delivered in or into the United States or to or for the account or benefit of US persons (as defined in Regulation S under the Securities Act).  No public offering of the Notes is being made in the United States.

MiFID II professionals/ ECPs-only/ No PRIIPs or UK PRIIPs KID - Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or UK.

Your right to access this service is conditional upon complying with the above requirement.

For further information, please contact

The Bank of Nova Scotia

40 Temperance Street

Toronto, Ontario

Canada M5H 0B4

Attn: Managing Director & Head, Global Equity Derivatives