<SEC-DOCUMENT>0001279569-25-001256.txt : 20251201
<SEC-HEADER>0001279569-25-001256.hdr.sgml : 20251201
<ACCEPTANCE-DATETIME>20251201112602
ACCESSION NUMBER:		0001279569-25-001256
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20251201
FILED AS OF DATE:		20251201
DATE AS OF CHANGE:		20251201

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BANK OF NOVA SCOTIA
		CENTRAL INDEX KEY:			0000009631
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		ORGANIZATION NAME:           	02 Finance
		EIN:				134941099
		STATE OF INCORPORATION:			Z4
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	002-09048
		FILM NUMBER:		251538142

	BUSINESS ADDRESS:	
		STREET 1:		40 TEMPERANCE STREET
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5H 0B4
		BUSINESS PHONE:		(416) 866-3672

	MAIL ADDRESS:	
		STREET 1:		40 TEMPERANCE STREET
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5H 0B4

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANK OF NOVA SCOTIA /
		DATE OF NAME CHANGE:	19970702
</SEC-HEADER>
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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 14pt"><B>UNITED
STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><BR> <B>Washington, DC
20549</B></FONT></P>

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<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Form
6-K</B></FONT></P>

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<P STYLE="font: 12pt/13.7pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Report
of Foreign Private Issuer</FONT></P>

<P STYLE="font: 12pt/13.7pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to Rule 13a-16 or 15d-16 of</FONT></P>

<P STYLE="font: 12pt/13.7pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
Securities Exchange Act of 1934</FONT></P>

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    <TD STYLE="width: 50%; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
    the month of: December, 2025</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 50%; font: 12pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Commission
File Number: 002-09048</FONT></TD></TR>
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<P STYLE="font: 24pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>THE BANK OF NOVA SCOTIA</B></P>

<P STYLE="font: 10pt/13.7pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">(Name
of registrant)</FONT></P>

<P STYLE="font: 10pt/13.7pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><BR><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt/13.7pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>40
Temperance Street, Toronto, Ontario, M5H 0B4</B></FONT></P>

<P STYLE="font: 10pt/13.7pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Attention:
Secretary's Department (Tel.: (416) 866-3672)</B></FONT></P>

<P STYLE="font: 10pt/13.7pt Arial, Helvetica, Sans-Serif; margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;(Address
of Principal Executive Offices)</B></FONT></P>

<P STYLE="font: 10pt/13.7pt Arial, Helvetica, Sans-Serif; margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt/13.7pt Arial, Helvetica, Sans-Serif; margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt/13.7pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:</FONT></P>

<P STYLE="font: 10pt/13.7pt Arial, Helvetica, Sans-Serif; margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form
20-F <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form
40-F <U>&nbsp;&nbsp; X</U></FONT></P>

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<P STYLE="font: 10pt/13.7pt Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SIGNATURES</B></FONT></P>

<P STYLE="font: 10pt/13.7pt Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.</FONT></P>

<P STYLE="font: 10pt/13.7pt Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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    <TD STYLE="width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 53%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>THE BANK OF NOVA SCOTIA</B></FONT></TD></TR>
<TR>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date: December 1, 2025</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="text-decoration: underline"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>/s/
    Meigan
    Terry&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </U></FONT></TD></TR>
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    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Meigan Terry</FONT></TD></TR>
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    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: SVP, Global Communications</FONT></TD></TR>
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<P STYLE="font: 10pt/13.7pt Arial, Helvetica, Sans-Serif; margin: 3pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt/13.7pt Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>EXHIBIT
INDEX</B></FONT></P>

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    <TD STYLE="width: 81%; border-bottom: black 1.5pt solid; text-align: center; padding-right: 80pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Description
    of Exhibit</FONT></TD>
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    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ex991.htm">99.1</A></FONT></TD>
    <TD><A HREF="ex991.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">News Release dated December 1, 2025</FONT></A></TD>
    </TR>
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    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
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<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Exhibit 99.1</B></FONT></P>

<P STYLE="margin: 0; text-align: right">&nbsp;</P>

<P STYLE="margin: 0; text-align: right">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt"><B><IMG SRC="logo.jpg" ALT="">&nbsp;</B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">&nbsp;</P>

<P STYLE="font: bold 24pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Scotiabank and Davivienda close previously announced
transaction to transfer Scotiabank's banking operations in Colombia, Costa Rica and Panama</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">TORONTO, Dec. 1, 2025 /CNW/ - Scotiabank and Davivienda
announced today the closing of the previously announced transaction to transfer Scotiabank's banking operations in Colombia, Costa Rica,
and Panama to Davivienda. The combined operations of both institutions will operate under a new holding company, Davivienda Group.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">As previously&nbsp;announced&nbsp;on&nbsp;January
6, 2025, Scotiabank entered into an agreement with Davivienda providing for the transfer of the above referenced operations in exchange
for an approximate 20% ownership stake in Davivienda Group.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Davivienda Group will leverage Scotiabank's global
experience and Davivienda's local expertise in the region, built on a differentiated client approach and innovation. As part of the integration,
Davivienda Group will introduce a transitional brand, DAVIbank, for Scotiabank's former operations in Colombia and Costa Rica. In Panama,
they will operate under the Davivienda brand.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">&quot;Reaching this milestone is key to delivering
on our International Banking strategy as we are now at scale in all markets in which we operate in the region, supporting continued improvement
in our profitability across our international footprint,&quot; said Scott Thomson, President and CEO of Scotiabank. &quot;The transaction
provides Scotiabank with the opportunity to participate in a business with a proven management team that will be well-positioned to become
a leading franchise through increased scale, synergies, and an expanded client base.&quot;</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Scotiabank and Davivienda will collaborate to strengthen
their combined global reach, which will allow Davivienda to increase its international product offering as an important regional player
and Scotiabank to continue to support&nbsp;Corporate, Wealth and Global Banking and Markets clients with its services across Davivienda's
footprint.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">&quot;The closing of this transaction is a significant
milestone in bringing together complementary capabilities, scale, and expertise to unlock the full potential of our combined value proposition,&quot;
said Francisco Aristeguieta, Group Head, International and Global Transaction Banking. &quot;This agreement reflects Scotiabank and Davivienda's
shared culture, and positions both institutions to deliver innovative solutions and create long-term value for clients across the region.&quot;</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">&quot;We are very excited about formalizing this strategic
partnership with Scotiabank,&quot; said Javier Su&aacute;rez, CEO of Davivienda Group. &quot;This transaction marks a powerful step forward,
positioning us to unlock new opportunities for business development. By leveraging Scotiabank's extensive global capabilities and Davivienda's
deep regional expertise across Colombia and Central America, we are positioned to deliver enhanced value for our stakeholders, scale our
operations, and drive business growth.&quot;</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">The Bank is expected to record a loss in Q1 2026 of
approximately CAD $300 million after-tax in the Other segment, primarily relating to the release of cumulative foreign currency translation
losses, net of hedges.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Scotiabank's investment in Davivienda will be recorded
as an investment in associate for accounting purposes. The CET1 ratio for Q1 2026 is expected to benefit by an approximate 10 basis points,
primarily from the reduction in risk-weighted assets net of the Davivienda investment.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>About Scotiabank<BR>
</B>Scotiabank's vision is to be our clients' most trusted financial partner and deliver sustainable, profitable growth. Guided by our
purpose: &quot;for every future,&quot; we help our 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&nbsp;$1.4 trillion&nbsp;(as at&nbsp;July 31, 2025), Scotiabank is one of the
largest banks in&nbsp;North America&nbsp;by assets, and trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE:
BNS). For more information, please visit&nbsp;www.scotiabank.com&nbsp;and follow us on X @Scotiabank.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>Forward-looking statements<BR>
</B>From time to time, our public communications include oral or written forward-looking statements. Statements of this type are included
in this document, and may be included in other filings with Canadian securities regulators or the U.S. Securities and Exchange Commission
(SEC), or in other communications. In addition, representatives of the Bank may include forward-looking statements orally to analysts,
investors, the media and others. All such statements are made pursuant to the &quot;safe harbor&quot; provisions of the U.S. Private Securities
Litigation Reform Act of 1995 and any applicable Canadian securities legislation. Forward-looking statements may include, but are not
limited to, statements made in this document, the Management's Discussion and Analysis in the Bank's 2024 Annual Report under the headings
&quot;Outlook&quot; and in other statements regarding the Bank's objectives, strategies to achieve those objectives, the regulatory environment
in which the Bank operates, anticipated financial results, and the outlook for the Bank's businesses and for the Canadian, U.S. and global
economies. Such statements are typically identified by words or phrases such as &quot;believe,&quot; &quot;expect,&quot; &quot;aim,&quot;
&quot;achieve,&quot; &quot;foresee,&quot; &quot;forecast,&quot; &quot;anticipate,&quot; &quot;intend,&quot; &quot;estimate,&quot; &quot;outlook,&quot;
&quot;seek,&quot;&nbsp; &quot;schedule,&quot; &quot;plan,&quot; &quot;goal,&quot; &quot;strive,&quot; &quot;target,&quot; &quot;project,&quot;
&quot;commit,&quot; &quot;objective,&quot; and similar expressions of future or conditional verbs, such as &quot;will,&quot; &quot;may,&quot;
&quot;should,&quot; &quot;would,&quot; &quot;might,&quot; &quot;can&quot; and &quot;could&quot; and positive and negative variations thereof.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">By their very nature, forward-looking statements require
us to make assumptions and are subject to inherent risks and uncertainties, which give rise to the possibility that our predictions, forecasts,
projections, expectations or conclusions will not prove to be accurate, that our assumptions may not be correct and that our financial
performance objectives, vision and strategic goals will not be achieved.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">We caution readers not to place undue reliance on
these statements as a number of risk factors, many of which are beyond our control and effects of which can be difficult to predict, could
cause our actual results to differ materially from the expectations, targets, estimates or intentions expressed in such forward-looking
statements.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">The future outcomes that relate to forward-looking
statements may be influenced by many factors, including but not limited to: general economic and market conditions in the countries in
which we operate and globally; changes in currency and interest rates; increased funding costs and market volatility due to market illiquidity
and competition for funding; the failure of third parties to comply with their obligations to the Bank and its affiliates, including relating
to the care and control of information, and other risks arising from the Bank's use of third parties; changes in monetary, fiscal, or
economic policy and tax legislation and interpretation; changes in laws and regulations or in supervisory expectations or requirements,
including capital, interest rate and liquidity requirements and guidance, and the effect of such changes on funding costs; geopolitical
risk; changes to our credit ratings; the possible effects on our business and the global economy of war, conflicts or terrorist actions
and unforeseen consequences arising from such actions; technological changes, including the use of data and artificial intelligence in
our business, and technology resiliency; operational and infrastructure risks; reputational risks; the accuracy and completeness of information
the Bank receives on customers and counterparties; the timely development and introduction of new products and services, and the extent
to which products or services previously sold by the Bank require the Bank to incur liabilities or absorb losses not contemplated at their
origination; our ability to execute our strategic plans, including the successful completion of acquisitions and dispositions, including
obtaining regulatory approvals; critical accounting estimates and the effect of changes to accounting standards, rules and interpretations
on these estimates; global capital markets activity; the Bank's ability to attract, develop and retain key executives; the evolution of
various types of&nbsp;fraud&nbsp;or other criminal behaviour to which the Bank is exposed; anti-money laundering; disruptions or attacks
(including cyberattacks) on the Bank's information technology, internet connectivity, network accessibility, or other voice or data communications
systems or services, which may result in data breaches, unauthorized access to sensitive information, denial of service and potential
incidents of identity theft; increased competition in the geographic and in business areas in which we operate, including through internet
and mobile banking and non-traditional competitors; exposure related to significant litigation and regulatory matters; environmental,
social and governance risks, including climate change, our ability to implement various sustainability-related initiatives (both internally
and with our clients and other stakeholders) under expected time frames, and our ability to scale our sustainable-finance products and
services; the occurrence of natural and unnatural catastrophic events and claims resulting from such events, including disruptions to
public infrastructure, such as transportation, communications, power or water supply; inflationary pressures; global supply-chain disruptions;
Canadian housing and household indebtedness; the emergence or continuation of widespread health emergencies or pandemics, including their
impact on the global economy, financial market conditions and the Bank's business, results of operations, financial condition and prospects;
and the Bank's anticipation of and success in managing the risks implied by the foregoing. A substantial amount of the Bank's business
involves making loans or otherwise committing resources to specific companies, industries or countries. Unforeseen events affecting such
borrowers, industries or countries could have a material adverse effect on the Bank's financial results, businesses, financial condition
or liquidity. These and other factors may cause the Bank's actual performance to differ materially from that contemplated by forward-looking
statements. The Bank cautions that the preceding list is not exhaustive of all possible risk factors and other factors could also adversely
affect the Bank's results, for more information, please see the &quot;Risk Management&quot; section of the Bank's 2024 Annual Report,
as may be updated by quarterly reports.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Material economic assumptions underlying the forward-looking
statements contained in this document are set out in the 2024 Annual Report under the headings &quot;Outlook&quot;, as updated by quarterly
reports. The &quot;Outlook&quot; and &quot;2025 Priorities&quot; sections are based on the Bank's views and the actual outcome is uncertain.
Readers should consider the above-noted factors when reviewing these sections. When relying on forward-looking statements to make decisions
with respect to the Bank and its securities, investors and others should carefully consider the preceding factors, other uncertainties
and potential events.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Any forward-looking statements contained in this document
represent the views of management only as of the date hereof and are presented for the purpose of assisting the Bank's shareholders and
analysts in understanding the Bank's financial position, objectives and priorities, and anticipated financial performance as at and for
the periods ended on the dates presented, and may not be appropriate for other purposes. Except as required by law, the Bank does not
undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by or on its behalf.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Additional information relating to the Bank, including
the Bank's Annual Information Form, can be located on the SEDAR+ website at&nbsp;www.sedarplus.ca&nbsp;and on the EDGAR section of the
SEC's website at&nbsp;www.sec.gov.&nbsp;</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">SOURCE Scotiabank</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2025/01/c1926.html</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">%CIK: 0000009631</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0"><B>For further information: </B>For media inquiries only: Scotiabank: Claire
Dawson, Global Communications, Claire.dawson@scotiabank.com; For investor enquiries only: Meny Grauman, SVP Investor Relations, Scotiabank,
meny.grauman@scotiabank.com, +1 (416) 473 3843</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">CO: Scotiabank</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">CNW 10:26e 01-DEC-25</P>

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