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iA Financial Group Completes the Acquisition of HollisWealth from Scotiabank

Quebec,

News Release

Industrial Alliance Insurance and Financial Services Inc. (“Industrial Alliance” or “iA Financial Group”) (TSX: IAG) and The Bank of Nova Scotia ("Scotiabank") (TSX: BNS) (NYSE: BNS) today announced that Industrial Alliance has completed the acquisition of HollisWealth from Scotiabank effective after close of business on Friday, August 4, 2017. The agreement was first announced on December 5, 2016.

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