#1SNB SNB 3Q 2023 Investor Presentation Saudi National Bank Riyadh | November 2023#2Contents SNB Profile SNB | 3Q 2023 | Investor Presentation Operating Environment P. 3-9 P. 10-12 Strategy & Operational Update P. 13-17 Financial Results Highlights Financial Results Details Segmental Review Appendix P. 18-23 P. 24-38 P. 39-43 P. 44 - 46 SNB 2#3SNB SNB Profile 3Q 2023 SNB | 3Q 2023 | Investor Presentation#4SNB Overview SNB is Saudi Arabia's largest banking group with a well-diversified business model, leading client offering, and presence in 8 countries Our Purpose: To propel our nation towards Vision 2030 and beyond. Our Performance Deposits Financing SAR Bn 596 SAR Bn Operating Income SAR Bn Net Income¹ 26.0 SAR Bn " 625 15.0 Our Presence Saudi National Bank❘ Headquartered in Riyadh 477 branches 3,733 ATMs 101 Remitt. centers 8,607 Employees Subsidiary Samba Bank (Pakistan) Advanced Digital Capabilities Retail User Penetration 83% Wholesale User Penetration 77% Offices in Shanghai & Seoul Retail Sales 47 branches, 50 ATMs 988 Employees 68% Retail Transactions 99% Wholesale Transactions 99% Retail Account Opening 93% Wholesale Account Opening 77% Cost of Risk 0.12% SAMA LDR 78.2% Total Assets SAR Bn 1,027 Cost/Income Ratio² 27.7% T1 Capital Ratio 18.4% Subsidiary TFKB (Turkey) 306 branches 522 ATMs 3,923 Employees Customers Subsidiary SNB Capital (KSA) 28 branches 388 Employees Employees³ 12.2mn 16,180 Wholesale Branches Bahrain, UAE & Singapore Market Cap SAR Bn SNB | 3Q 2023 | Investor Presentation POS market share (# of transactions) 19% POS market share (value) 22% SNB Robust credit standing Ratings LT ST Outlook S&P A- A-2 Stable Fitch A- F2 Stable Moody's (unsolicited) A1 P-1 Positive 195.2 Capital Intelligence A+ A1 Positive Figures as of 3Q 2023, unless otherwise specified | 1 Net Income Attributable to Equity Holders | 2 Excludes amortization of intangibles | 3 Includes Alahli Esnad (2,274 employees) - fully owned subsidiary engaged in outsourcing and manpower services in KSA 4#5SNB History SNB was founded as NCB in 1953 and then formed through the merger with Samba Financial Group in 2021 SNB A Beginning In 1953, the National Commercial Bank (NCB) was formed by Royal Decree 1953 الأهلي NCBI together as one SNB | 3Q 2023 | Investor Presentation الأهلي NCB Realize Tomorrow 1997 Largest Initial Public Offering (IPO) In 2014, NCB went public with its benchmark SAR 22.5bn IPO that was the largest the region had seen Continued Growth In 1997, NCB was converted to a joint stock company 2014 الأهلي NCB SNB Saudi National Bank 2021 The Largest and Fastest Merger in the Region In 2021, NCB merged with Samba Financial Group; creating the Saudi National Bank, KSA's National banking champion and regional financial powerhouse 5#6SNB in KSA and GCC Context SNB is the leading bank in KSA and among the top 3 in the GCC countries SNB Rank in KSA SNB Rank in GCC Assets (SARbn) Assets #1 #3 Peer 1 Peer 2 Financing #1 #2 SNB Peer 3 Deposits #1 #3 Peer 4 Operating Income (SARbn) Total Investments #1 #2 Peer 3 Peer 1 Total Income #1 #3 SNB Top 5 Banks in GCC by Rank Financing (SARbn) 1,222 Peer 1 1,211 SNB 1,027 Peer 4 853 Peer 2 488 801 Peer 2 21.0 Net Income #1 #2 Peer 4 20.5 SNB | 3Q 2023 | Investor Presentation 26.0 Peer 3 Net Income (SARbn) 33.4 Peer 3 465 SNB 840 596 591 29.9 SNB Peer 2 12.7 Peer 4 Peer 1 Sources: SNB, Capital IQ. Peers (1, 2, 3, 4) represent GCC-based banks sorted in descending order by total assets; financial position is benchmarked based on 3Q 2023 data. 12.5 12.2 15.0 17.8 60#7SNB market position as of 3Q 2023 Leading, diversified franchise KSA Total Market Overall Banking (Assets) SAR 3,643Bn 1,027 SNB Market Share in SARbn 2,616 SNB Market Share in % Rank KSA 28% #1 Wholesale Banking (Domestic Financing) SAR 1,315Bn 262 1,053 20% #1 Retail Banking (Domestic Financing) SAR 1,095Bn 316 779 29% #2 Treasury (Investments) SAR 765BM 267 498 35% #1 Asset Management¹ SAR 792Bn 240 552 30% #1 (AUMS) Brokerage (Value Traded) SAR 1,963 Bn 346 SNB | 3Q 2023 | Investor Presentation 1,618 18% #1 Sources: SNB, Bank Financial Statements | ¹ As of 2Q 2023 SNB 7#8Progress on ESG SNB has issued three instruments including green and sustainability issuances totaling SAR 3.1 billion and has a SAR 7.1 billion portfolio of eligible sustainable assets First financial institution in KSA to implement sustainable finance framework Promoting good Ethical governance Promoting Sustainable finance SAR SNB Group sustainability framework Allocation of green and social assets and their expected benefits: Renewable energy and Employment Generation Supporting Green and Social Projects Preserving the environment around us 4 Solar Plants and 1 Wind Farm Empowering individuals and communities Power over 100,000 homes Created over 4,000 direct jobs annually Displace nearly 4 million MWh per year SNB has a total of 5 eligible assets with environmental benefits and 492 SMEs with social benefits related to employment generation SNB | 3Q 2023 | Investor Presentation Source: SNB Sustainable Finance Allocation and Impact Report 2023 SNB 8#9Credit Ratings Strong credit profile Rating Agency Saudi Arabia SNB Ratings SNB Outlook Long-term -O A- S&P > A Outlook: Stable BBB+ O Stable A-2 o O A-2 Short-term 2019 2020 2021 2022 2023 Long-term A- O- A- Fitch A+ Outlook: Stable Stable F1 ° Short-term O F2 2019 2020 2021 2022 2023 Long-term A1 o o A1 A1 Moody's Positive Outlook: Positive P-1 o o P-1 Short-term 2019 2020 2021 2022 2023 Long-term A+ A+ Capital Intelligence A+ Outlook: Stable Positive A1 o o A1 Short-term 2019 2020 2021 2022 2023 SNB | 3Q 2023 | Investor Presentation Sources: SNB, S&P, Fitch, Moody's, Capital Intelligence. Quotes SNB "Key strengths: (1) Leading market position in Saudi Arabia; (2) Strong capitalization, supported by stable and predictable earnings; (3) Balanced risk profile." "SNB's National Rating is the highest among Saudi banks as the bank is the largest in the country and its financial metrics are at the higher end of the sector." "SNB's baal BCA reflects the bank's (1) strong funding and liquidity, underpinned by its position as Saudi Arabia's largest bank; and (2) strong solvency, which includes robust capitalization and resilient profitability." "The affirmation of SNB's ratings reflects its status as the leading Saudi bank. The Bank is the largest bank in the KSA enjoying majority government ownership and robust franchises and market positions..." 9#10SNB Operating Environment 3Q 2023 SNB | 3Q 2023 | Investor Presentation#11Operating Environment Supportive KSA macro-economic environment Average Monthly Oil Prices (US$/bbl) Oil Demand Outlook (mmbd) 104.0 Real GDP Growth (% Y/Y change) SNB 140 +20.0 103.2 120 +15.0 103.0 102.5 100 95 89 +10.0 101.8 80 102.0 +5.0 60 101.0 +0.0 40 100.0 100.0 99.6 20 99.4 -5.0 +4.8 +0.2 -6.6 0 99.0 -10.0 Sep-13 Sep-15 Sep-17 Sep-19 Sep-21 Sep-23 2013 2015 2022 2023F Brent -WTI ΠΕΙΑ ■IEA ■ OPEC Real GDP 2017 Oil Activities 2019 2021 9M 23 Non-Oil Activities Non-Oil GDP (% Y/Y change) 9.0 Inflation (%) Fiscal Balance 5.0 300 10.0 4.0 200 5.0 6.0 3.0 100 O 2.6 0.0 2.0 0 3.0 0.0 -3.0 1.0 -100 -5.0 0.0 -200 -10.0 -1.0 -300 -15.0 -2.0 -400 -6.0 -3.0 -500 -20.0 2013 2015 2017 2019 2021 2023F 2013 2015 2017 2019 2021 2023F 2013 2015 2017 2019 Fiscal balance (SARbn) 2021 2023F % of GDP (RHS) SNB 3Q 2023 | Investor Presentation Macro-economic Indicators Sources: SNB Economics, KSA MOF, Thomson Reuters, Bloomberg, EIA, IEA, OPEC 11#12Operating Environment Strong and stable banking sector SNB Overall Banking Industry Lending & Deposits (Y/Y % change) 20.0 Overall Banking Industry Lending by Sector (M/M% change) Average Monthly Value of Gross Mortgage Origination by All Banks (SARbn) 4.0 14,000 200.0 3.0 12,000 15.0 2.0 10,000 1.5 1.0 8,000 10.0 9.9 0.4 8.3 0.0 6,000 -1.0 4,000 5.0 -2.0 2,000 0.0 -3.0 0 Sep-19 Sep-20 Sep-21 Sep-22 Sep-23 Sep-21 Mar-22 Sep-22 Mar-23 Sep-23 2017 Total Lending Total Deposits Corporate Loans Personal Loans 2020 Spaces Allu 2023YTD¹ -% Y/Y (RHS) 0.0 -50.0 150.0 100.0 50.0 Overall Banking Industry Loan to Deposit Ratio (%) 110.0 100.0 90.0 80.0 Annual Money Supply (% Y/Y change) 3M SAIBOR (% average) 14.0 7.0 103.6 12.0 6.0 - 5.8 10.0 5.0 8.0 4.0 6.0 3.0 4.0 2.0 79.7 2.0 1.0 0.0 0.0 2013 2015 2017 2019 2021 2023YTD¹ 2013 2015 2017 2019 2021 9M 23 70.0 Sep-19 Sep-20 Sep-21 Sep-22 Sep-23 Regulatory LTD ratio Headline LTD ratio SNB 3Q 2023 | Investor Presentation 1 September-23 | Macro-economic Indicators Sources: SNB Economics, SAMA 12#13SNB Strategy & Operational Update 3Q 2023 SNB | 3Q 2023 | Investor Presentation#14Strategy SNB is focused on our strategic objectives SNB's Group Strategic Focus Areas This Translates to Specific Strategic Objectives and Initiatives for our Business Segments Grow domestic market share in Retail & Corporate financing & CASA Retail Grow market share and accelerate digitization I Optimization of costs & funding, and Wholesale value capture I Fortify digital leadership via digitization, zero-back office & digital ventures Grow value contribution from Subsidiaries I SNB | 3Q 2023 | Investor Presentation IL Wholesale Grow assets market share and enhance returns 立 SNB Grow market share in financing Grow market share in CASA Excel in digital sales and deploy leading digital propositions, capabilities and customer journeys Drive payroll customer acquisition Evolve distribution model for the future through smaller and leaner formats Corporate Grow market share; leverage V2030 Upgrade Transaction Banking proposition Expand digital platform Treasury Generate robust funding & capital Boost investment returns while mainting portfolio flexibility and resilience Subsidaries Grow value contribution SNB Capital Strengthen and future-proof existing business Shape the growth of local and regional capital markets Drive efficiency and productivity of assets and people International Grow in scale Drive efficiency & productivity Digital Ventures Digital attacker and incubator 14#15Strategy 2022 marked by further focus on growth and optimization in Retail/Wholesale and increasing subsidiaries' value contribution in line with the Group Strategy Retail M Wholesale Subsidiaries dab SNB | 3Q 2023 | Investor Presentation • SNB 2022 Highlights Financing Market Share, % Mortgage Lending, SARbn Average Employees/Branch, emp. • NSCI and fee income growth, efficient -56bps +21% -11% 29% 28% 142 9.2 118 8.2 • risk and cost management Strong performance of residential finance, a key strategic area aligned with the Vision 2030 ambition. • Optimized performance at the branches. 2022 Highlights FY 21 FY 22 FY 21 FY 22 FY 21 FY 22 Financing Market Share, % Financing, SARbn • Active support to a range of Vision 2030 initiatives (giga projects and major infrastructure projects financing). -135bps +7% Operating Income, SARbn +11% 21% 20% 216 231 13 14 Global Transaction Banking growth. Robust performance of MSME franchise. FY 21 FY 22 FY 21 FY 22 FY 21 FY 22 2022 Highlights Operating Income¹, SARmn Net Income¹, SARMN • Enhanced value proposition and positioning. +38% +33% Higher efficiency and productivity of assets and people. 4,522 2,328 3,267 1,748 • New opportunities in local and regional markets. FY 21 FY 22 FY 21 FY 22 1 Includes Capital Markets and International segments combined • Asset / Wealth Management: launched 8 funds Securities: broadened product range to diversify revenue streams Investment Banking: closed over 30 transactions (incl. the PIF's Century Green Bond). 15#16Digital Convergence Fostering digital leadership through customer adoption, growing digital sales and scaling up innovation Digitize the Bank Digital Penetration 888 Digital Innovation SNB Retail Digital Banking Digital Penetration, % Clients Digital Account Opening, % accounts Digital Sales, % Units Fortify digital leadership +5ppts +7ppts +7ppts ☐ Deploy leading digital > proposition 78% 83% 83% 86% 92% 93% 61% 63% 68% Deliver distinctive customer journeys > > SNB | 3Q 2023 | Investor Presentation 9M 21 9M 22 9M 23 9M 21 9M 22 9M 23 9M 21 9M 22 9M 23 Corporate Digital banking Digital Penetration, % Clients Digital Account Opening, % accounts PoS Transaction Value, Billion Solidify corporate relationships +3ppts +10ppts +11% 74% 77% 67% 77% 86.4 96.2 ■ Facilitate digital platforms with leading functionalities and trade capabilities Accelerate digital sales Digital Ventures 9M 22 9M 23 9M 22 9M 23 9M 22 9M 23 A lifestyle digital banking proposition enabling a financial ecosystem for FinTech partnerships > towards strengthening SNB's presence in the Kingdom's Fintech space Comprehensive digital product suite tailored to niche segments for daily banking and beyond Incubate innovative product concepts and solutions for SNB Group 1 Subject to obtaining required regulatory approvals Pilot launch Commercial launch¹ Commenced 2H 23 16#17Merger Update Synergy realization has exceeded the upgraded target and SNB continues to make progress on delivering merger benefits SNB Unlocking merger benefits... > with realized cost synergies already touching revised target of SAR 1.4Bn 1,472 Realized¹ SAR Bn 1,472 1,164 1,400 2nd Revised Target o 1,200 1st Revised Target Cost Synergies Realized 800 Original Target of total revised targeted cost synergies SAR Bn 1,400 520 ° 2020 2021 2022 3023 2023 Integration costs on track... as 94% of revised targeted cash spend of SAR 940Mn already committed SAR Mn 884 is committed of total revised targeted integration costs 940 SAR Mn SNB | 3Q 2023 | Investor Presentation Sources of Cost Synergies -15% 1,100 Integration Cost Categories 900 940 884 -18% +4% -6% Original 1st Revised 2nd Revised Committed @ 3Q 2023 Integration Cost Composition 1 on a rolling 12-month basis 105% of revised targeted cost synergies realized Operational efficiencies Optimization of technology stack Natural FTE attrition Capex: IT stack optimization spend, data migration & rebranding Opex: Advisory, marketing & relocation 63% of the total integration cost is CAPEX 17#18SNB Financial Results Highlights 3Q 2023 SNB | 3Q 2023 | Investor Presentation#193Q 2023 Performance Highlights Robust net income from increased solid financing growth and healthy credit quality Robust financing growth SAR Bn from Wholesale financing and Retail financing, 595.7 SAR Bn > 261.9 SAR Bn > 315.6 < +9% YTD +13% YTD +8% YTD Solid CASA growth SAR Bn 455.7 < +6% YTD including Mortgage financing SAR Bn 156.3 +10% YTD SNB though moderating CASA ratio but comfortable SAMA LDR with strong and stable liquidity. > 72.9% > 78.2% LCR 278% 282% > 116% ✓ -240bps YTD NSFR -438bps YTD O 113% 4Q 22 3Q 23 Despite moderating NSCI margin healthy credit & top-quartile efficiency leading to robust net income³ growth and superior returns. CIR¹ -O 27.7% ROTA 3.07% 27.2% O 0.39% SAR Mn 15,047 2.05% 2.12% COR² -6bps YoY 9M 22 O 0.12% 9M 23 < +9% YOY ROTE 16.8% 17.5% 9M 22 9M 23 SNB | 3Q 2023 | Investor Presentation 1 CIR excluding amortization of intangibles | 2 CoR including POCI | 3 Net Income Attributable to Equity Holders 19#20Balance Sheet Summary Balance sheet expansion of 9% mainly from financing, cash & interbank and investments, funded by deposits and interbank SNB Total Assets (SARbn) Total Assets Movement YTD (SARbn) 996.2 945.5 1,027.1 86 +9% 87 84 50.4 2.1 1,027.1 20.7 8.5 596 945.5 578 545 258 265 267 58 67 79 4Q 22 2Q 23 3Q 23 Cash & interbank Investments ■Financing ■ Other Total Liabilities (SARbn) 825.3 778.7 46 47 14 13 568 151 602 163 858.2 625 169 5C 51 14 14 +36% +3% +9% +2% 4Q 22 Cash & interbank Investments Financing Other 3Q 23 Total Liabilities Movement YTD (SARbn) +10% 56.5 0.7 4.2 858.2 18.1 778.7 +12% +10% +5% +9% 4Q 22 2Q 23 3Q 23 4Q 22 Interbank Deposits Debt securities Other 3Q 23 ■Interbank Deposits ■Debt securities ■ Other SNB | 3Q 2023 | Investor Presentation 20#21Income Statement Summary Net income rose 9% YoY from higher operating income and lower risk cost Net Income Attributed To Equity Holders Movement YoY (SARmn) 13,815 467 612 Operating Income SAR 1,079mn (+4%) +9% 1,027 (415) (459) 15,047 +3% +9% +6% -68% +17% 9M 22 NSCI¹ 2 Fee & other income Operating Risk cost Other³ 9M 23 expenses SNB | 3Q 2023 | Investor Presentation Net Income (SARmn) SNB 4,725 4,765 5,022 5,016 5,010 QoQ LLLLI +1% +5% -0% -0% 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 Returns YTD (%) 2023 Guidance ROTE: 16.5% to 17.5% 17.4% 17.3% 16.6% -O 17.5% 16.8% O 2.18% 2.09% 2.16% 2.05% O 2.12% 9M 22 FY 22 ―0-ROTE 1Q 23 1H 23 --ROTA 9M 23 1 NSCI includes FV unwind of SAR 351mn (9M 22: SAR 774mn) | 2 Operating expenses exclude amortization of intangibles of SAR 615mn (9M 22: SAR 640mn) | 3 Other include amortization of intangibles, other non-operating expenses (incl. hyperinflationary adjustment), zakat, and non-controlling interest 21#22Segmental Highlights Solid net income contributions from Retail, Wholesale and International Total Assets Movement YTD (SARbn) Total Liabilities Movement YTD (SARbn) SNB Total Assets Composition (%) Capital Markets 1.4% +9% +10% 61 1 1,027 62 858 21 945 19 (1) 779 (0) (1) Wholesale 56.4% +5% +12% +7% -2% +5% +15% -2% -4% 4Q 22 Retail Whole- Capital sale Markets Int'l 3Q 23 4Q 22 Retail Whole- Capital sale Markets Int'l 30 23 Total Operating Income Movement YoY (SARmn) Net Income Before Zakat & Tax Movement YoY (SARmn) Total Operating Income Composition (%) +4% +9% 1,079 569 25,965 363 1 99 17,262 928 24,886 15,872 (575) Wholesale 38.5% +10% -5% +0% +28% +16% +4% 9M 22 Retail Whole- Capital sale Markets Int'l 9M 23 9M 22 Retail Whole- sale +0% Capital Markets +11% Int'l 9M 23 SNB | 3Q 2023 | Investor Presentation Int'l 3.1% Retail 39.0% Capital Markets 5.3% Int'l 9.9% Retail 46.4% 22 22#23Outlook & Guidance Modest offsetting guidance revisions for COR and CIR leave ROE expectations unchanged Macro-Economic Outlook¹ Real GDP Growth +0.03% o/w Non-oil GDP Growth +5.9% SNB SNB Financial Guidance FY 2022 Baseline 9M 2023 Actual FY 2023 Guidance Status Financing Growth SAR 545Bn NSCI Margin Fiscal Balance -2.0% +9% Low double-digit Unchanged 3.15% 3.07% 3.0% to 3.2% Unchanged Cost to Income Ratio² 27.1% 27.7% Below 28.5% Downgraded US FFR 5.25 to 5.5% Cost of Risk 0.33% 0.12% 0.1% to 0.3% Upgraded Inflation 2.6% Tier 1 CAR 18.3% 18.4% 18% to 19% Unchanged Avg Brent Oil Price USD 82/bbl ROTE SNB | 3Q 2023 | Investor Presentation 16.6% 17.5% 16.5% to 17.5% Unchanged 1 Macroeconomic Indicator Sources: SNB Economics, KSA MOF, IMF, US Federal Reserve, EIA | 2 CIR excluding amortization of intangibles 23#24SNB Financial Results Details 3Q 2023 SNB | 3Q 2023 | Investor Presentation#25Balance Sheet Summary Balance sheet expansion of 9% mainly from financing, cash & interbank and investments, funded by deposits and interbank SNB SAR (mn) Cash & interbank Investments Financing Other assets Total assets Interbank 3Q 2023 4Q 2022 A Total Assets (SARbn) 3Q 2022 Δ 964.4 78,792 58,108 +36% 266,772 258,292 +3% 595,721 545,311 +9% 88,455 -11% 945.5 976.1 996.2 1,027.1 86 88 83 87 84 252,182 +6% 536,176 +11% 536 545 566 578 596 Deposits 85,847 83,786 +2% 1,027,133 945,496 +9% 964,421 +7% 169,114 150,995 +12% 143,528 +18% 624,769 568,283 +10% 596,886 +5% 87,608 -2% 252 258 264 265 267 QoQ 88 -2% 58 +3% 63 +2% 67 +3% 79 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 Debt securities 13,666 Other liabilities Total liabilities Share capital Retained earnings Others Equity attributable to shareholders Tier 1 sukuk NCI Total equity Total liabilities & equity 12,987 +5% 12,318 +11% 50,614 46,453 +9% 48,506 +4% 858,162 778,719 +10% 801,238 +7% 60,000 44,780 +34% 44,780 +34% 9,573 19,279 -50% 21,918 -56% 83,560 86,427 -3% 80,256 +4% 153,133 150,486 +2% 146,954 +4% 15,188 15,488 -2% 15,488 -2% 650 804 -19% 742 -12% 168,971 166,778 +1% 163,183 +4% 1,027,133 945,496 +9% 964,421 +7% ■Cash & interbank Investments ■Financing ■ Other Total Liabilities (SARbn) 801.2 778.7 805.0 825.3 858.2 51 49 12 46 46 13 14 64 47 14 기면 14 597 602 625 568 611 144 151 135 163 169 QoQ -3% +3% +3% +4% 3Q 22 4Q 22 1Q 23 20 23 3Q 23 ■Interbank Deposits ■Debt securities ■ Other SNB | 3Q 2023 | Investor Presentation 25 25#26Financing & Advances Solid, broad-based financing expansion Financing & Advances, Net (SARbn) QoQ 536.2 545.3 566.3 577.8 595.7 2 17 2 17 19 129 2 16 26 16 228 233 243 252 262 289 293 303 308 316 +2% +4% +2% +3% 3Q 22 4Q 22 1Q 23 20 23 3Q 23 ■Retail Wholesale ■Int'l ■ Other Mortgages (SARbn) +10% 138.2 142.4 148.1 151.7 156.3 LLLLI +4% QoQ 3Q 22 4Q 22 1Q 23 20 23 3Q 23 SNB | 3Q 2023 | Investor Presentation SNB Financing & Advances, Net Movement YTD (SARbn) +9% 2023 Guidance Low double-digit 21.9 8.3 13.9 545.3 7.4 595.7 (0.8) (0.2) Retail SAR +22.2bn (+8%) Wholesale SAR +29.2bn (+13%) +10% +5% +10% +36% -5% -7% 4Q 22 Mortgages Others Corporate Fl Int'l Other 3Q 23 Financing & Advances, Net Composition (%) Corporate 39.3% Retail 53.0% о Financing & Advances, Net by Sector (%) Manufacturing 7.8% Other 0.4% Commerce 11.7% Int'l 2.7% FI 4.7% Utilities & health 6.9% Banking & Consumer 53.0% financials 4.5% Transport & comms 3.7% - Building & construction 2.6% Other 9.8% 26#27Investments Investments up 3% primarily in other fixed income SNB Investments, Net (SARbn) Investments, Net Movement YTD (SARbn) 252.2 258.3 263.6 264.8 266.8 +3% 22 26 23 24 24 57 52 45 10.5 266.8 56 58 5 258.3 (1.6) (0.1) (0.3) 174 175 183 189 198 Domestic: SAR +8.6bn (+3%) QoQ +2% +2% +0% +1% -0% +14% -6% -2% 3Q 22 4Q 22 1Q 23 2Q 23 30 23 4Q 22 SGDS¹ Other fixed income Funds & equity Int'l 3Q 23 ■Fixed rate securities Floating rate securities ■Funds & equity Investments, Net by Geography (%) USA 13.2% GCC & Middle East 5.7% Saudi Arabia 66.7% Europe 3.5% Turkey 2.5% Other 8.4% Investments, Net by Grade (%) Non-investment grade 4.8% Other investment grade 29.5% О Funds & equity 9.0% SGDS¹ 56.7% SNB | 3Q 2023 | Investor Presentation 1 Saudi Government Debt Securities including SAMA bills (investment grade) 27 22#28Deposits CASA growth of 6% YTD, though CASA ratio moderated from higher growth in time and other deposits given higher rate environment SNB Customers' Deposits (SARbn) 596.9 610.8 602.2 624.8 568.3 22 21 23 21 24 120 137 134 146 117 438 QoQ 3Q 22 CASA Ratio (%) 428 470 447 456 -5% +7% -1% +4% 4Q 22 1Q 23 2Q 23 3Q 23 ■CASA ■Time ■ Other Time 23.3% 75.3% 77.0% 74.3% 73.4% - 72.9% 3Q 22 4Q 22 1Q 23 20 23 3Q 23 SNB | 3Q 2023 | Investor Presentation Customers' Deposits Movement YTD (SARbn) +10% 26.7 2.2 624.8 29.4 568.3 (1.9) Domestic: SAR +56.2bn (+10%) Int'l: SAR +0.3bn (+1%) +7% +21% -20% +14% 4Q 22 CASA Time & other CASA Time & other 3Q 23 Customers' Deposits by Type (%) О Customers' Deposits by Geography (%) Other 3.7% Int'l 4.1% CASA 72.9% Domestic 95.9% 28#29Income Statement Highlights Net income rose 9% YoY from higher operating income and lower risk cost SNB SAR (mn) NSCI¹ 9M 2023 9M 2022 Δ 3Q 2023 3Q 2022 A Net Income (SARmn) +6% Fee & other income Total operating income Operating expenses² Impairments 20,122 19,510 +3% 5,843 5,376 +9% 25,965 24,886 +4% 6,820 1,917 6,578 +4% 1,870 +3% 4,725 4,765 5,022 5,016 5,010 8,737 8,448 +3% Income from operations Other non-op. expenses (399) (7,812) (7,421) +5% (492) (1,519) -68% 17,661 15,946 +11% (74) +438% (2,762) (2,431) +14% 77 6,052 (379) (541) -114% 5,477 +11% (70) +442% QoQ +1% +5% -0% -0% 3Q 22 4Q 22 1Q 23 20 23 3Q 23 Net income before zakat & tax 17,262 15,872 +9% 5,673 5,407 +5% Zakat & tax (2,088) Net income after zakat & tax 15,174 NCI (128) Net income 15,047 (1,934) +8% 13,938 +9% (122) +4% 13,815 +9% (716) 4,957 53 5,010 (646) +11% 4,761 +4% (36) -246% 4,725 +6% Returns YTD (%) 2023 Guidance ROTE: 16.5% to 17.5% 17.4% 17.3% 17.5% 16.6% 16.8% o EPS ROTE 2.42 17.5% 2.25 +8% 16.8% +0.7ppt NSCI Margin 3.07% Cost to income ratio 27.7% Cost of risk 0.12% 3.13% -6bps 27.2% +47bps 0.39% -28bps 0.80 0.76 +5% 17.1% 17.3% -0.2ppt 3.01% 3.07% -6bps 29.3% 26.3% +292bps -0.05% 2.05% 0.42% -47bps SNB | 3Q 2023 | Investor Presentation 2.09% 2.18% 2.16% 2.12% 9M 22 FY 22 1Q 23 1H 23 9M 23 --ROTE -ROTA 1 NSCI includes FV unwind of SAR 351mn (9M 22: SAR 774mn) | 2 Operating expenses exclude amortization of intangibles of SAR 615mn (9M 22: SAR 640mn) 29#30NSCI & Margin NSCI growth of 3% from earning assets expansion partly offset by margin moderation from shift in funding mix Net Special Commission Income Movement YoY (SARmn) +3% +6% 2,593 6,809 19,510 2,542 18,736 (774) 19,771 351 20,122 (10,567) (344) +27% 9M 22 FV unwind Adjusted NSCI Retail financing Domestic: SAR +1,378mn (+8%) +112% +55% Wholesale Inv. & financing placements +339% -24% CoF Int'l Adjusted NSCI FV unwind 9M 23 Special Commission Income (SARmn) +47% Special Commission Expense (SARmn) +166% SNB Net Special Commission Income Composition (%) Wholesale 34.4% о Capital Markets 1.3% Int'l 5.9% Retail 58.3% NSCI (SARMn) +4% 13,137 10,251 11,117 11,930 8,955 6,317 6,578 6,776 6,778 6,524 6,820 5,406 4,339 3,475 2,378 QoQ +14% +8% +7% +10% QoQ +46% +25% 3Q 22 4Q 22 1Q 23 20 23 3Q 23 3Q 22 4Q 22 1Q 23 20 23 3Q 23 3Q 22 4Q 22 1Q 23 2Q 23 LLI +25% +17% ILLLI -4% +5% 3Q 23 SNB | 3Q 2023 | Investor Presentation 30#31NSCI & Margin NSCI margin declined by 6bps driven mainly by -7bps impact from International, while the overall domestic NIM was stable YoY Net Special Commission Margin Movement YoY (%)¹ -6bps 0.35% 0.99% 0.28% 3.13% Domestic: +Obps 9M 22 Retail financing Wholesale financing Average Earning Assets (SARbn) 799.6 34 263 226 277 +8% 859.8 30 275 250 305 2023 Guidance 3.0%-3.2% NSCI Margin YTD (%)¹ SNB 3.24% 3.15% 3.11% 3.13% O - 3.07% 3.07% -1.61% -0.07% Investments & placements Cof Int'l 9M 23 9M 22 FY 22 10 23 1H 23 9M 23 Average Bearing Liabilities (SARbn) 718.2 23. 20 31 130 439 Commission Yield & Funding Cost YTD (%) 5.35% 5.44% +7% 5.67% 5.58% 768.1 4.16% 4.16% 4.94% 19 3.92% O 27 167 3.13% 2.38% 2.61% - 2.80% 2.02% 439 1.13% 0.87% 100 115 9M 22 9M 23 9M 22 9M 23 Retail financing ■Investments & Placements Corporate financing ■Int'l ■Time deposits Int'l funding Demand deposits Wholesale funding Other SNB | 3Q 2023 | Investor Presentation 9M 23 --3M SAIBOR² 9M 22 FY 22 --Commission yield 1Q 23 --Cof 1H 23 1 NSCI margin calculation excludes FV unwind | 212-month rolling average of 3M-SAIBOR 31#32Fee & Other Income Fee and other income increased 9% YoY from higher international income, partially offset by lower fees generated domestically SNB Fee & Other Income (SARmn) Fee & Other Income Movement YoY (SARmn) 1,953 1,973 1,870 1,917 +9% 1,342 760 680 747 894 5,843 792 5,376 343 493 526 509 488 348 (123) (24) (63) (217) 852 949 1,037 1,078 1,017 QoQ -28% +46% +1% -3% (261) 30 22 (299) 4Q 22 (336) 1Q 23 (312) (355) -5% Domestic: SAR -427mn (-9%) -2% -3% +26% +186% 2Q 23 3Q 23 9M 22 ■Banking services Fee Income From Banking Services, Net Composition (%) FX ■Inv.-related ■ Other¹ Fee income from banking services FX Inv.-related Other Int'l 9M 23 Fee Income From Banking Services, Net Movement YoY (SARmn) Capital Markets 31.7% Wholesale 25.5% SNB | 3Q 2023 | Investor Presentation Int'l 18.9% Retail 23.9% 500 3,131 2,755 91 20 (35) (85) (115) -9% -12% Domestic: SAR -123mn (-5%) -15% +5% +24% +535% 9M 22 Brokerage Inv. Mgt. Financing & cards Trade finance Other Int'l 9M 23 1 Other is "Other operating income (expense), net" as per the Financial Statements 32 22#33Operating Expenses Operating expenses up 6% YoY from higher G&A expenses domestically and increased International costs impacted by inflation pressures SNB Operating Expenses (SARmn)¹ Operating Expenses Movement YoY (SARmn)¹ 2,557 2,404 2,226 2,157 2,236 +6% 815 626 593 778 686 6,781 377 7,196 120 355 346 367 335 386 139 133 134 147 125 (4) (8) (70) 1,105 1,164 959 1,157 1,228 Domestic: SAR +39mn (+1%) QoQ -3% +4% +8% +6% -0% -2% -8% +7% +54% 3Q 22 4Q 22 10 23 2Q 23 3Q 23 9M 22 Employee- related Premises Depreciation G&A Int'l 9M 23 Premises ■Depreciation ■G&A ■Employee-related Cost to Income Ratio YTD (%)¹ 2023 Guidance Below 28.5% 27.1% 26.9% - 27.7% 27.2% 25.6% 26.6% - 26.2% 26.2% 25.8% 24.3% 9M 22 FY 22 --Cost to Income Ratio 1Q 23 1H 23 -O-Group, excl. Int'l 9M 23 SNB | 3Q 2023 | Investor Presentation Cost to Income Ratio Movement YoY (%)¹ +47bps 27.2% 0.2% 0.9% 27.7% -0.5% 9M 22 Domestic NOR Domestic OPEX Int'l 9M 23 1 Operating expenses and cost to income ratio exclude amortization of intangibles of SAR 615mn (9M 22: SAR 640mn) 33#34Financing Credit Impairments & Cost of Risk 28bps reduction in COR from Wholesale recoveries Impairment Charge For Financing & Advances Movement YoY (SARmn) 1,555 -68% 128 503 (1,105) (75) Domestic: SAR-977mn (-77%) -124% +34% -26% 9M 22 Wholesale Retail Int'l 9M 23 Impairment Charge for Financing & Advances Composition (%) Capital Markets 0.3% Wholesale -42.0% SNB | 3Q 2023 | Investor Presentation Int'l 43.4% Retail 98.3% 1 COR including POCI Cost of Risk YTD (%)¹ 0.39% o 0.33% 0.35% 0.33% 0.29% 0.20% 0.27% SNB 2023 Guidance 0.1% to 0.3% O 0.12% 0.13% * 0.07% 9M 22 FY 22 -O-Group 1Q 23 1H 23 --Group excl. Int'l 9M 23 Cost of Risk Movement YoY (%) ¹ -28bps 0.39% 0.02% 9M 22 Retail 0.12% -0.27% -0.02% Domestic: -25bps Wholesale Int'l 9M 23 34#35Credit Quality Improving NPL ratio YTD from write-offs in Wholesale Credit Impaired Financing Movement YTD (SARbn) NPL Ratio (%) 1.62% SNB -8% 9.0 0.1 3.2 11.5 8.3 1.57% 1.53% 1.59% (0.8) (0.0) 1.36% 1.34% Domestic: SAR -0.7bn 1.37%¹ - 1.33% NPLS 4Q 22 (-8%) +7% -11% -1% Retail Wholesale Int'l NPLs 3Q 23 POCI balance Impaired financing 3Q 23 1.30% 1.30% 3Q 22 4Q 22 -0-Group 1Q 23 2Q 23 --Group excl Int'l 3Q 23 NPL Composition (%) Int'l 5.7% Wholesale 76.6% О Retail 17.8% SNB | 3Q 2023 | Investor Presentation 1 Group including POCI: 1.90% NPL Composition by Sector (%) Building & construction 9.5% Consumer 17.8% Manufacturing 28.6% о Other 6.0% Commerce 38.1% 35#36Credit Quality NPL coverage remained healthy ECL Allowance by Stage (SARbn) 11.3 6 11.4 11.4 10.6 10.8 6 6 Total Financing & Advances, Gross by Stage (SARbn) SNB +9% 544.5 553.8 573.9 585.8 603.9 9 22 9 25 8 25 8 25 8 25 3 3 3 3 3 514 519 541 553 571 2 2 2 2 2 QoQ +1% -7% +2% +5% QoQ +2% +4% +2% +3% 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 3Q 22 4Q 22 1Q 23 20 23 3Q 23 ■Stage 1 Stage 2 ■Stage 3 ■Stage 1 Stage 2 ■Stage 3 ECL Allowance Movement YTD (SARbn) -0% NPL Coverage by Stage (%) 69.5% o 11.4 0.2 11.4 (0.2) (0.0) +11% -6% -1% 4Q 22 Stage 1 Stage 2 Stage 3 30 23 SNB | 3Q 2023 | Investor Presentation 69.3% 72.3% 73.3% - 78.0% 13.0% 12.8% 11.7% 14.1% - 12.3% 0.40% - 0.35% 0.35% 0.33% 0.36% 3Q 22 4Q 22 1Q 23 20 23 3Q 23 -0- Stage 1 Stage 2 ―0-Stage 3 36#37Capitalization Capitalization remains healthy Total capital (SARbn) QoQ 129.0 132.6 136.2 135.4 133.9 5 5 5 5 5 15 15 16 14 14 108 112 115 116 114 Total Eligible Capital Movement YTD (SARbn) 15.0 132.6 +1% SNB 133.9 (7.8) (1.2) (3.4) (1.3) +3% +3% -1% -1% 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 4Q 22 Net income ■CET1 ■AT1 ■T2 Dividend payout Foreign ccy reserve Revaluation reserve Other 3Q 23 Risk weighted assets (SARbn) QoQ 691.3 696.1 705.9 21 60 15 61 611 620 638 Capitalization Ratios (%) 2023 Guidance T1 CAR: 18-19% +1% 19.8% 19.0% 19.3% 684.3 699.6 19.1% m m 31 37 28 37 32 18.7% 19.1% o 18.4% 37 17.9% 18.3% 18.6% 619 630 17.0% O 16.4% 15.6% 16.1% 16.2% +1% +1% -3% +2% 3Q 22 4Q 22 1Q 23 2Q 23 30 23 ■Credit risk Operational risk ■Market risk SNB | 3Q 2023 | Investor Presentation 3Q 22 4Q 22 <--CAR 1Q 23 -O-CET1 ratio 20 23 3Q 23 - Tier 1 ratio 37#38Liquidity Liquidity is strong and stable Stable Funding (SARbn/%) 115.6% 115.4% 113.4% 119.1% 653.6 634.2 654.6 651.3 662.3 QoQ -3% +3% -1% +2% 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 Available stable funding --NSFR Liquidity Coverage (SARbn/%) 266.4% O 290.4% 277.6% 271.8% 174.9 179.9 172.6 173.9 172.9 QoQ 3Q 22 112.7% SAMA Loan-to-Deposit Ratio (%) SNB 90.0% 77.3% 82.6% O 78.2% 81.2% 79.1% 3Q 22 4Q 22 -O-SAMA LDR 1Q 23 20 23 --Regulatory ceiling 3Q 23 Leverage (SARbn/%) 12.9% 12.4% 12.4% 281.5% 12.4% 998.5 985.3 1,053.9 1,055.9 - 11.9% 1,081.1 +3% -4% +1% -1% QoQ -1% 4Q 22 1Q 23 2Q 23 3Q 23 3Q 22 HQLA <--LCR SNB | 3Q 2023 | Investor Presentation +7% +0% +2% 1Q 23 20 23 3Q 23 4Q 22 Leverage ratio exposure -Basel III leverage ratio 38#39SNB Segmental Review 3Q 2023 SNB | 3Q 2023 | Investor Presentation#40Retail Robust 16% net income growth YoY on NSCI growth and positive "jaws" SNB SAR (mn) Total assets Financing and advances, net Total liabilities Customers' deposits 30 2023 20 2023 A 400,982 395,897 +1% 315,573 308,082 +2% 361,828 358,303 +1% 349,179 347,892 +0% 30 2023 40 2022 Δ 400,982 380,314 +5% 315,573 293,430 +8% 361,828 343,086 +5% 349,179 331,223 +5% Net Income Before Zakat & Tax Movement YoY (SARmn) +16% 1,510 15 5,719 (430) 6,647 (118) (48) Operating Income SAR +1,079 (+10%) +15% -59% -0% +31% -169% 9M 2023 9M 2022 A Net special commission income Fee & other income 296 Total operating income Operating expenses Impairments (494) 11,740 10,230 +15% 726 -59% 12,036 10,957 +10% (4,875) (4,889) -0% (376) +31% 3Q 2023 3Q 2022 3,984 3,522 A 9M 22 NSCI +13% Fee & other income Expenses Impairments Other income (expenses) 9M 23 22 218 -90% 4,006 3,739 (1,649) +7% Financing & Advances (SARbn) (1,611) +2% +8% (127) Other income (expenses) (19) 28 -169% 2 Net income before zakat & tax 6,647 5,719 +16% 2,233 (13) 2,041 (75) +69% -117% 293.4 308.1 315.6 Customers' Deposits (SARbn) +5% 331.2 347.9 349.2 +9% +2% QoQ +0% QoQ Cost to income ratio 40.5% 44.6% -412bps 41.2% 43.1% -192bps 4Q 22 2Q 23 3Q 23 4Q 22 2Q 23 3Q 23 Cost of risk 0.22% 0.18% +4bps 0.16% 0.10% +6bps | |- SNB | 3Q 2023 | Investor Presentation 40#41Wholesale 4% net profit growth YoY as fee income growth and credit recoveries were partly offset by higher funding costs SNB Net Income Before Zakat & Tax Movement YoY (SARmn) SAR (mn) Total assets Financing and advances, net Total liabilities Customers' deposits 3Q 2023 2Q 2023 A 579,657 555,741 +4% 261,946 251,682 +4% 464,852 437,411 +6% 250,173 231,239 +8% 3Q 2023 4Q 2022 A 579,657 519,030 +12% 261,946 232,691 +13% 464,852 403,053 +15% 250,173 210,982 +19% 8,347 (649) 74 (30) +4% 1,075 8,710 (108) Operating Income SAR -575 (-5%) -9% +2% +2% -126% -243% 9M 2023 9M 2022 Net special commission income 6,929 7,577 Fee & other income 3,059 2,985 A -9% +2% Total operating income 9,988 10,563 -5% 3Q 2023 3Q 2022 A 2,256 2,554 -12% 1,100 3,356 9M 22 NSCI Fee & other income Expenses Impairments Other income (expenses) 9M 23 1,194 -8% 3,747 -10% Financing & Advances (SARbn) Customers' Deposits (SARbn) Operating expenses (1,440) Impairments 225 (1,410) (851) +2% -126% Other income (expenses) (63) 44 -243% (15) (511) (436) +17% 205 -154% (382) -26% +13% +19% 251.7 261.9 250.2 232.7 231.2 211.0 (21) Net income before zakat & tax 8,710 8,347 +4% 3,033 2,908 +4% +4% QoQ +8% QoQ Cost to income ratio 14.4% Cost of risk -0.11% 13.3% +107bps 0.51% -62bps -0.31% 15.2% 11.6% +359bps 0.68% -99bps 4Q 22 2Q 23 3Q 23 4Q 22 2Q 23 3Q 23 SNB | 3Q 2023 | Investor Presentation 41#42Capital Markets Net income stable YoY as higher NSCI offset by lower brokerage income SNB SAR (mn) Total assets Financing and advances, net Assets under management Total liabilities 30 2023 20 2023 A 14,824 14,862 -0% 2,166 1,991 +9% 239,500 239,500 +0% 3,860 3,929 -2% 30 2023 40 2022 A 14,824 13,844 +7% 2,166 2,449 -12% 239,500 230,444 +4% 3,860 3,951 -2% Net Income Before Zakat & Tax Movement YoY (SARmn) +0% 936 47 1 936 (1) (6) (41) Operating Income SAR +6 (+0%) +23% -4% -0% +79% +7,373% 9M 2023 9M 2022 A 3Q 2023 3Q 2022 A 9M 22 NSCI Net special commission income Fee & other income 257 210 +23% 100 121 -18% Fee & other income Expenses Impairments Other income (expenses) 9M 23 1,113 1,154 -4% 384 206 +87% Total operating income 1,369 1,363 +0% 484 327 +48% Assets Under Management (SARbn) Brokerage Volume Traded (bn) Operating expenses (426) (427) -0% (151) (140) +8% +1% Impairments (2) (1) +79% 0 0 230.4 239.5 232.2 -34% 521.7 Other income (expenses) (6) (0) +7373% (6) 0 Net income before zakat & tax 936 936 +0% 327 187 +75% -3% QoQ AUM related fee income 610 586 +4% 209 194 +8% 4Q 22 2Q 23 3Q 23 9M 22 9M 23 Brokerage related fee income 295 410 -28% 111 104 +6% | | 346.0 SNB | 3Q 2023 | Investor Presentation 42#43International Strong fee & other income momentum drives 11% net income growth SAR (mn) Total assets Financing and advances, net Total liabilities 30 2023 20 2023 A 31,671 29,664 +7% 15,936 16,001 -0% 27,606 25,641 +8% 27,606 30 2023 40 2022 A 31,671 32,308 -2% 15,936 16,740 -5% 28,628 -4% Net Income Before Zakat & Tax Movement YoY (SARmn) +11% 894 70 870 (377) Customers' deposits 25,388 23,064 +10% 25,388 25,075 +1% (326) Operating Income SAR +569 (+28%) SNB 969 (164) -21% +186% +54% -24% +111% 9M 2023 9M 2022 A 3Q 2023 3Q 2022 A 9M 22 NSCI Net special commission income 1,196 1,522 -21% 480 410 +17% Fee & other income Expenses Impairments Other income (expenses) 9M 23 Fee & other income 1,376 482 +186% 411 224 +84% Total operating income 2,572 2,003 +28% 891 634 +41% Financing & Advances (SARbn) Operating expenses (1,072) (695) +54% (451) (244) +85% -5% Impairments Other income (expenses) (221) (291) -24% (311) (147) +111% (1) (83) -99% 16.7 16.0 15.9 Customers' Deposits (SARbn) +1% 25.1 25.4 23.1 (360) (36) +901% Net income before zakat & tax 969 870 +11% 79 271 -71% Cost to income ratio Cost of risk SNB | 3Q 2023 | Investor Presentation -0% QoQ +10% QoQ 41.7% 34.7% 1.71% +697 bps 2.17% -46bps 50.6% 38.4% +1551 bps -0.01% 2.00% -280bps 4Q 22 2Q 23 3Q 23 4Q 22 2Q 23 3Q 23 43#44SNB Appendix 3Q 2023 SNB | 3Q 2023 | Investor Presentation#45Additional Information Write to Us The Saudi National Bank Tower, Unit No. 778 King Abdullah Financial District 3208, Al Aqeeq District, King Fahad Road Riyadh, Kingdom Of Saudi Arabia, 13519-6676 Visit our website alahli.com Access SNB's current and previous Investor Disclosures SNB Corporate Reports Email Us [email protected] SNB | 3Q 2023 | Investor Presentation Access SNB's 3Q 2023 Earnings Call Replay SNB 30 2023 Earnings Call Replay Link Access SNB's Sustainability Reports SNB Sustainability Reports SNB 45#46Disclaimer SNB The Saudi National Bank (SNB) prepared this presentation on a proprietary basis as general background information about the activities of SNB. The information contained herein is given in summary form and for discussion purposes only. Some of the information that is relied upon by SNB is obtained from sources believed to be reliable, but SNB (nor any of its directors, officers, employees, agents, affiliates or subsidiaries) does not guarantee the accuracy or completeness of such information, and disclaims all liability or responsibility for any loss or damage caused by any act taken as a result of the information. This presentation including the information covered therein is not intended either to be relied upon or construed as an advertisement for, or an offer, solicitation or invitation to sell or issue, or to subscribe, underwrite or otherwise acquire any securities in any jurisdiction. It should and must not be treated as giving tax, legal, investment or other specialist advice or a recommendation to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. Neither shall any part of this information nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision or commitment relating thereto, nor does it constitute a recommendation regarding the subject of this presentation. All statements included in this presentation other than statements of historical facts, including, without limitation, those regarding financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives) are forward-looking statements and may thus include words like "anticipate", "believe", "intend", "estimate", "expect", "will", "may", "project", "plan" and such other words of similar meaning. Such forward-looking statements are based on numerous assumptions regarding present and future business strategies and the relevant future business environment. Any forward-looking statements speak only as of the date of this presentation and SNB expressly disclaims to the fullest extent permitted by law any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Nothing in the foregoing is intended to or shall exclude any liability for, or remedy in respect of, fraudulent misrepresentation. Due to rounding, numbers and percentages presented throughout this presentation may not add up precisely to the totals provided. SNB is not under any obligation to update, complete, amend, revise or keep current the information contained herein, and any opinions expressed herein are subject to change materially without notice. Accordingly, no representation or warranty, express or implied, is or will be made by SNB, their respective advisors or any such persons' directors, officers or employees, or any other person as to the accuracy, completeness or fairness of the information or opinions contained in this presentation, and any reliance you place on them will be at your sole risk. Investors must rely solely on their own examinations of the Offering and relevant documentation in making a determination as to whether to invest in the securities described. An investor should seek independent professional advice when deciding if an investment is appropriate. Securities that may be discussed herein may not be suitable for all investors. Investors are required to make their own independent investigation and appraisal of the business and financial condition of SNB and its subsidiaries, the nature of the securities and the merits or suitability of the securities or any transaction to any investor's particular situation and objectives, including the possible risks and benefits of purchasing any securities. Any such determination should involve an assessment of the legal, tax, accounting, regulatory, financial, credit or other related aspects of the offering or the securities. Without prejudice to the foregoing, SNB, their advisors and any such persons' directors, officers or employees expressly disclaim any liability whatsoever, in negligence or otherwise, for any loss howsoever arising, directly or indirectly, from use of, or reliance on, this presentation or its contents or otherwise arising in connection therewith. SNB | 3Q 2023 | Investor Presentation 46