BANK N S HALIFAX

Ticker: BNS CUSIP: 064149107 Class: COM

PenderFund Capital Management Ltd.'s Holding History (CIK: 0001706164)

Note: Option positions (PUT/CALL) are excluded.

Q4 2018

Shares 375 Value ($000) $5 Avg Close $36.87 Range $33.02 - $41.17

Q3 2018

Shares 5,040 Value ($000) $375 Avg Close $39.46 Range $37.73 - $40.94

Q2 2018

Shares 5,040 Value ($000) $384 Avg Close $40.25 Range $37.68 - $42.27

Q1 2018

Shares 5,040 Value ($000) $393,000 Avg Close $41.93 Range $39.44 - $44.16

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2018	375	$5	$36.87	$33.02 - $41.17
Q3 2018	5,040	$375	$39.46	$37.73 - $40.94
Q2 2018	5,040	$384	$40.25	$37.68 - $42.27
Q1 2018	5,040	$393,000	$41.93	$39.44 - $44.16