Ms. Simona Salter reports

SCENE+ LAUNCHES COAST-TO-COAST AT SHELL CANADA, TURNING EVERYDAY STOPS INTO EVERYDAY REWARDS

Beginning today, Canadians can earn, redeem and save with Scene+, Bank of Nova Scotia and Tangerine at over 1,400 Shell Canada stations from coast to coast. With the addition of fuel, Scene+ now brings one of Canadians' most frequent purchases into its growing rewards ecosystem -- giving more than 15 million Scene+ members new ways to earn and redeem on the purchases that shape their daily lives.

With Shell joining the program nationwide, Scene+ now spans more of the categories Canadians use most often, from groceries and fuel to dining, entertainment, banking, home improvement, travel and on-line shopping. Members can also combine Scene+ rewards with accelerated earn rates from eligible Scotiabank and Tangerine cards, Shell Go+ perks, and instant fuel savings at participating Shell locations.

"Our expansion to Shell locations across the country is a milestone moment for Scene+ and our members," said Tracey Pearce, president, Scene+. "The loyalty landscape is dynamic, and we are continuing to lead by staying relentlessly focused on what our members tell us they want. With Shell, we are bringing rewards into one of Canada's most frequent spending categories, making every stop an opportunity to unlock more value."

The national rollout follows a successful launch in Alberta earlier this year that helped inform the broader expansion and demonstrated member interest in instant savings through a competitive fuel offer of up to 10 cents per litre in value for Scotiabank and Tangerine cardholders, along with additional perks through the Shell app.

"Building on our Alberta launch earlier this year and as part of our planned rollout, Scene+ is now available at Shell stations across Canada, making it easier for customers to earn and redeem rewards as part of their everyday routine," said Kent Martin, general manager, Shell Canada Mobility and Convenience. "By bringing Scene+ to more than 1,400 Shell-branded locations nationwide, we're focused on adding practical value and convenience -- whether customers are fuelling up or stopping by for everyday needs."

At the core of the Scene+ program today is a simple value equation: for most redemptions, 1,000 Scene+ points equals $10 in value. With Shell now part of the program, members can earn and redeem across even more purchases, including eligible fuel, car wash and in-store convenience purchases.

"Our clients want rewards that fit seamlessly into their everyday lives and deliver value faster," said Simona Salter, executive vice-president, cards, loyalty, payments and client experience at Scotiabank. "With accelerated earning and faster redemption, Scotiabank's payment cards turn everyday spending -- including fuel -- into meaningful moments of value, reinforcing our role at the centre of our clients' lives."

"Tangerine clients are looking for more intuitive ways to get more from their everyday spending," said Gaurav Singh, senior vice-president, client solutions, at Tangerine. "With fuel now part of the Scene+ program, they can earn and redeem in more places they already go -- turning routine purchases into real value over time."

By bringing fuel into Scene+, Scotiabank, Tangerine and Shell are helping Canadians make rewards integrated into everyday life.

About Bank of Nova Scotia

Scotiabank's vision is to be its clients' most trusted financial partner and deliver sustainable, profitable growth. Guided by its purpose: "For every future," it helps its 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 $1.5-trillion (as at Jan. 31, 2026), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange and the New York Stock Exchange.