Exhibit 99.1

CONSOLIDATED CAPITALIZATION OF THE BANK

The following table sets forth the consolidated capitalization of The Bank of Nova Scotia (the “Bank”) as at October 31, 2023:

	As at October 31, 2023
	(in millions of Canadian dollars)
Subordinated Debentures		9,693
Equity
Common Equity
Common Shares		20,109
Retained Earnings		55,746
Accumulated Other Comprehensive Income		(6,918	)
Other Reserves		(84	)
Total Common Equity		68,853
Preferred Shares and Other Equity Instruments		8,075
Total Equity Attributable to Equity Holders of the Bank		76,928
Non-controlling Interests
Non-controlling Interests in Subsidiaries		1,739
Total Equity		78,667
Total Capitalization		88,360

CONSOLIDATED EARNINGS RATIOS

The following table provides the Bank’s consolidated ratios of earnings to fixed charges, based upon financial information calculated in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) for each of the years in the five year period ended October 31, 2023.

	October 31,
	2023		2022		2021		2020		2019
Consolidated Ratios of Earnings to Fixed Charges
Excluding interest on deposits		4.33		5.78		9.00		5.91		6.61
Including interest on deposits		1.25		1.82		2.56		1.66		1.67
Consolidated Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
Excluding interest on deposits		3.64		5.14		7.55		5.16		5.88
Including interest on deposits		1.23		1.78		2.46		1.63		1.65

For purposes of computing these ratios:

• earnings represent income from continuing operations plus income taxes and fixed charges (excluding capitalized interest and net income from investments in associated corporations);

• fixed charges, excluding interest on deposits, represent interest (including capitalized interest), estimated interest within rent, and amortization of debt issuance costs;

• fixed charges, including interest on deposits, represent all interest; and

• preferred dividends include dividends from preferred shares and other equity instruments.