#1LA BANQUE POSTALE Investor Presentation September 2023 ©L'Envol#2Contents 01. Overview 02. Group performance 03. Capital and Liquidity 04. Business line performances 05. La Banque Postale Home Loan SFH Appendices P3 P13 P22 P27 P33 P39 LA BANQUE POSTALE#3Overview 01. LA BANQUE POSTALE#4Large public bancassurer Wholly owned by LA POSTE GROUPE Banking and insurance services distributed by LA POSTE NETWORK A strategic public service mission: BANKING ACCESSIBILITY Ownership structure RÉPUBLIQUE FRANÇAISE Liberté Égalité Fraternité L 34% 66% LA POSTE GROUPE 100% LA BANQUE POSTALE 100% 2 CNP assurances 3 Caisse des Dépôts GROUPE 1. Caisse des Dépôts and its subsidiaries constitute a State-owned group serving the public interest and the country's economic development. The Group fulfils public interest missions in support of public policies implemented by the State and local authorities and may engage in open market activities. (Article L. 518-2 of the French Monetary & Financial Code) 2. Since end of June 2022 3. On Avril 11, 2023, creation of CNP Assurances Holding with the transfer of La Banque Postale's insurance businesses (La Banque Postale Assurances IARD, La Banque Postale Prévoyance, La Banque Postale Conseil en Assurances which are 100% owned by CNP Assurances Holding & La Banque Postale Assurance Santé 51% owned by CNP Assurances Holding, 14% by Malakoff Humanis and 35% by La Mutuelle Générale) along with CNP Assurances activities INVESTOR PRESENTATION - SEPTEMBER 2023 4 LA BANQUE POSTALE#5A diversified bancassurance group BANCASSURANCE FRANCE 70% business line NBI Retail banking 53% business line net profit - - Life and Non-life insurance BANQUE CNP POSTALE ASSURANCES SUEDER Consumer finance Digital banking and stimulus loan distribution INTERNATIONAL BANCASSURANCE 15% 27% business line NBI business line net profit CNP ЛЕЗИГЕЛЕВА INVESTOR PRESENTATION - SEPTEMBER 2023 = LA BANQUE POSTALE CORPORATE AND INVESTMENT BANKING 11% business line NBI - 15% business line net profit Bank loans and specialised finance Capital markets Transaction banking WEALTH AND ASSET MANAGEMENT 4% business line NBI 5% business line net profit Louvre Banque Privée LOUVRE BANQUE PRIVÉE - LBP AM - LBP Immobilier Conseil LBPAM 50 LA BANQUE POSTALE#6La Banque Postale, a multi-partner and international group Present in 19 countries 11th largest bancassurer in the euro zone¹ FRANCE 1st lender to local authorities² Partners Sfil 1(= Ostrum ASSET MANAGEMENT 1st in term creditor insurance³ 2nd in life insurance4 Distribution networks GROUPE LA BPCE BANQUE POSTALE Open model as growth driver LATIN AMERICA 3rd largest insurer in Brazil Among TOP 3 in pensions and consumer finance term creditor insurance Exclusive partnership with the 2nd largest public bank in Brazil EUROPE 5th largest life insurer in Italy Business line NBI 84.5% Business line NBI 4.3% Exclusive partnerships Santander UniCredit Open model as growth driver CAIXA CNP assurances Open model as growth driver 1. Based on total assets on 31 December 2022 (panel of 20 European banks) 2. Source: Finance Active 3. Source: Top 10 term creditor insurance providers in terms of premium income (including inward reinsurance), Argus de l'Assurance, September 2022 4 Source: France Assureurs, 2021 key data (September 2022, life and endowment premiums) 5. Source: Data November 2022, SUSEP ((Brazil's insurance supervisor); scope: CNP Vida e Previdência and CNP Seguros Holding (premium income) 6. Source: ANIA (national association of insurance companies) for market data in Italy: new business market share - December 2022 INVESTOR PRESENTATION - SEPTEMBER 2023 Business line NBI 11.2% 6 LA BANQUE POSTALE#7Leader in impact finance Rated 74/100 by Moody's ESG Solutions (1st banking group worldwide and 8th company worldwide out of 4,770 companies rated) AAA score from MSCI (among the 6% of banks rated AAA worldwide) A score from CDP1 for the 2nd year running for its climate commitment One of the few European banks to have obtained this score Low-carbon pathways approved by SBTI since 2021: 85% of CIB loan book² aligned with a low-carbon target consistent with the Paris Agreement Residential real estate | Commercial real estate | Corporate bonds | MLT corporate loans Exit from the fossil fuel sector by 2030 La Banque Postale only finances companies that have a science-based transition plan Net-Zero Banking Alliance: founding member re-elected for a 2nd term as the representative of European banks in the Steering Group Net zero emissions target for the entire banking business by 20403 Low-carbon pathways in carbon-intensive sectors (Scope 3) Effective 1.5°C alignment pathways • Coal → 0 net exposure since 2018 Electricity production →100% renewable energy At the level of La Banque Postale SA 'Details on non-financial ratings are provided in the appendices 2 Eligible for SBTI methodology, end-2020 data 3 Subject to the progress made by governments and economic actors Paris Agreement alignment pathways Alignment with 1.5°C by 2030 → Low exposure (€2.3m ● Residential real estate o Commercial real estate Automotive ● Aviation O Cement o Oil & Gas at year-end 2022) 4 The Net-Zero Banking Alliance has identified 9 sectors with high greenhouse gas emissions ("carbon intensive" sectors) that should be given priority when banks are determining low-carbon pathways: agriculture, aluminium, cement, coal, real estate, iron and steel, oil and gas, power generation and transport INVESTOR PRESENTATION - SEPTEMBER 2023 7 LA BANQUE POSTALE#8Committed player in impact investing Cross-cutting policies contributing to the Group's community ambitions across all business lines Climate policies o 2030 → 80% of the investment portfolio* aligned with the Paris Agreement Energy policies¹ O 2030 → 0 exposure to OECD companies whose business is exposed to thermal coal, 100% of assets invested in oil and gas sectors aligned with a carbon neutral pathway o 2040 → 0 exposure to companies whose business is exposed to thermal coal Biodiversity policies ● Biodiversity systematically integrated in our analysis and stock picking processes, in the design of our offers and in our shareholder commitment to control impacts and dependencies LBPAM STISSEMENT Label ISR RESPONSABLE SOCIA EMENT RÉPUBLIQUE FRANÇAISE 100% SRI² offer O 101 open-ended funds with SRI label (#1 in France³) o €28.8bn in assets under management ● Socially responsible range 5 charity and solidarity-based funds4 CNP assurances Sustainability-themed funds O First Net Zero project win for a European institutional customer First corporate finance contracts incorporating non-financial performance indicators Responsible insurer and investor ● 49% decrease in the carbon footprint of the investment portfolio (2022 vs. 2019) o 99.9% of traditional savings account investments incorporating ESG criteria6 (Article 8 of the SFDR) 0 €25.9bn worth of green investments in energy and environmental transition projects? 42% of forestry assets (by surface area) subject to a biodiversity measurement using a recognised method (Potential Biodiversity Inventories) 1Only applied to new money at CNP Assurances 2100% of open-ended funds have been awarded the French SRI label 3 Based on number of funds 4 Tocqueville Silver Age SRI, LBPAM SRI Actions Environnement, LBPAM SRI Actions France, LBPAM SRI Actions Solidaire, LBPAM SRI Human Rights 5 Federis SRI Actions US, LBPAM SRI Actions Amérique, Federis SRI Euro 6 Data at 31 December 2022 7 Green bonds, energy or environment-labelled buildings, forests, funds classified under Article 9 of the SFDR with an environmental sustainability objective, infrastructure assets and unlisted companies (private equity) whose main business is related to the environment. The definition of these green investments is broader than in the European taxonomy. Figure at 30 June 2023 *LBP AM scope INVESTOR PRESENTATION - SEPTEMBER 2023 8 LA BANQUE POSTALE#9LBP's Green Social Sustainability (GSS) Bond Framework The Framework has been developed according to the following latest market standards: ICMA's GBP, SBP, SBG, Harmonised Framework for Impact Reporting and EU Green Taxonomy The New GSS Bond Framework includes 5 green loan categories (covering 56 EU taxonomy activities) ... Renewable or low carbon energy Green buildings Green transportation Manufacturing industry ... and 5 social loan categories 3 Sustainable water & waste management Access to essential services Education Development and territorial cohesion Access to essential services Human & Social care Affordable housing Socioeconomic Advancement and Empowerment ICMA Green Bond Principles Pillars Use of Proceeds Management of 2 Project Evaluation & Selection Proceeds ICMA International Capital Market Association The Social Bond Principles External Review The Green Bond Principles The Sustainability Bond Guidelines - Main evolutions compared to the previous Green, Social & Sustainability Framework Sixteen green activities for which the SPO has verified that they can be aligned with the EU Green Taxonomy Within the framework La Banque Postale is adding new categories such as Sustainable Water and Waste Management, Manufacturing industry or Development and territorial cohesion Strengthening of the ESG risk process INVESTOR PRESENTATION - SEPTEMBER 2023 9 LA BANQUE POSTALE#10SPO of LBP's GSS Bond Framework ... ... including assessment of LBP's EU Taxonomy alignment evaluation process The Framework has obtained the SQS2-Very Good rating by the Second Party Opinion (SPO), MIS According MIS, the Framework is aligned with the best market practices for the four main components of the ICMA Green and Social Principles La Banque Postale Second Party Opinion - Green, Social and Sustainability Bond Framework Assigned SQS2 Sustainability Quality Score Summary We have assigned an SQS2 Sustainability Quality Score (very good) to La Banque Postale's (LBP) green, social and sustainability bond framework dated 7 July 2023. LBP has established its use-of-proceeds framework to finance projects across 10 eligible categories, of which five are green and five are social. LBP has described the main characteristics of the sustainability bonds within a formalized bond framework that is aligned with the International Capital Market Association's (ICMA) Green Bond Principles (GBP) 2021 (including June 2022, Appendix 1), Social Bond Principles 2023 and Sustainability Bond Guidelines 2021. The company has also incorporated recommended practices under these principles and identified best practices for all four components. The framework also demonstrates a significant contribution to sustainability. In addition, we consider that the 16 eligible subcategories falling under specified EU taxonomy economic activities within three eligible categories and Located in France adhere to all the EU taxonomy criteria based on the information provided by the entity, as detailed in Appendix 3. Sustainability quality score SQS2 Alignment with principles USE OF PROCEEDS Overall alignment Not aligned FACTORS SQS5 Weak SQS4 SQS3 Intermediate Good SQS2 Very good SQS1 Excellent Contribution to sustainability Overall contribution Partially aligned Aligned Best Poor practices Use of proceeds Evaluation and selection. Management of proceed Reporting ALIGNMENT Limited Moderate Significant Hight Expected impact Relevance and magnitude ADJUSTMENTS ESG risk management Coherence Nu adjustment No adjustment MOODY'S INVESTORS SERVICE ZOOM ON EU TAXONOMY ASSESSMENT 7. Moody's considers that the 16 eligible subcategories falling under specified EU taxonomy economic activities within three eligible categories adhere to all the EU taxonomy criteria A portion of eligible investments have been assessed: assets located in France, and assets falling under specified taxonomy activities within: Green buildings Renewable energy Clean transportation 1. Slides in Appendices The framework demonstrates a significant contribution to sustainability " INVESTOR PRESENTATION - SEPTEMBER 2023 LA BANQUE POSTALE#11Overview of green eligibility criteria vs the EU Taxonomy Green Eligible Activities EU Taxonomy n° mapping Green Buildings* 7.1 7.2 7.7 Green Building activities other than above Renewable Energy Projects* 4.14.2-4.3 Renewable Energy activities other than above Clean Transportation Projects* 6.1 6.2 6.3 - 6.4 6.5 6.7 6.10 -6.11 - 6.13 -6.15 Clean Transportation activities other than above Sustainable water and waste management Manufacturing industries EU Taxonomy Criteria Climate Change Mitigation Fully Aligned (SCC¹ + DNSH² + MSS³) X (for assets in France) X Other green eligibility criteria Aligned on SCC only X X X (for assets in France) X X X (for assets in France) X X X ✗ (RT 2012) * Assets for which the processes for checking alignment with the EU Taxonomy have been reviewed by the SPO 1 Substantial Contribution Criteria 2 Do No Significant Harm 3 Minimum Social Safeguards INVESTOR PRESENTATION - SEPTEMBER 2023 11 LA BANQUE POSTALE#12Asset management: Acquisition of La Financière de l'Echiquier by LBP AM in July 2023 LBP AM: A major player in conviction management with 3 recognised brands LBPAM T €67bn in assets under management¹ €80m in total net profit¹ Expansion of the distribution network TOCQUEVILLE Finance LFDE in France (IFAs network) and in 8 European countries with LFDE Extension of the partnership with Aegon Asset Management in LBP AM to 2035 (25% shareholder since 2015) Merger between Tocqueville Finance and La Financière de l'Echiquier² planned for early 2024 1 Pro-forma amount at end-2022. Source: companies 2 Subject to approval by the Autorité des marchés financiers INVESTOR PRESENTATION - SEPTEMBER 2023 12 LA BANQUE POSTALE#13Group performance LA BANQUE POSTALE#14Higher financial results in H1 2023 A Higher net banking income supported by market effects on CNP فينا Improved cost-income ratio | Positive jaw effect Low cost of risk Growth in attributable net profit Sound profitability High solvency position Robust liquidity ratios 1. H1 2022 figures restated following the application of IFRS 17 (see methodology in the Appendices section) 2. RONE =RNPG/Average RWA capitalised at 14% 3. Solvency Capital Requirement of CNP Assurances Holding as of 30/06/2023 INVESTOR PRESENTATION - SEPTEMBER 2023 €3,864m | +23.1%¹ 63.8% down 14.3 pts €101m i.e. 12 bps €580 +44.2%¹ RONE 8.6%2 CET1 | 18.3% SCR³ 259% LCR 153% NSFR 134% 14 LA BANQUE POSTALE#15Higher financial results in H1 2023 Business line NBI 3,480 +21.6% International NBI as a >3% CAGR 2020-2025 % of total 15% 20% in 2025 13% 4,230 30/06/22 IFRS 17 30/06/23 IFRS 17 Balance sheet 30/06/22 IFRS 17 30/06/23 IFRS 17 Business line cost- income ratio¹ -10 pts 2020-2025 -12.5 pts 77.9% 65.5% 30/06/22 IFRS 17 30/06/23 IFRS 17 Controlled RWA growth RONE² +1.1% <3.5% CAGR 2020-2025 8.6% 8.0% in 2023 96.5 97.6 (in €bn) CET1 18.3% Leverage ratio 6.9% NSFR 134% 31/12/22 IFRS 17 30/06/23 IFRS 17 5.4% 31/12/2022 IFRS 17 1. Based on a comparable scope of consolidation and at constant exchange rates. H1 2022 figures restated following the application of IFRS 17 (see methodology in the Appendices section). 2. RONE = Attributable net profit/Average risk weighted assets capitalised at 14%. RONE at 31/12/2022 = Attributable net profit at 31/12/2022/Risk weighted assets at 31/12/2022 under IFRS 17. INVESTOR PRESENTATION - SEPTEMBER 2023 30/06/23 IFRS 17 15 LA BANQUE POSTALE#16Consolidated and business line income statements (IFRS 17) (in € millions) H1 2022 HT 2023 Change restated HT 2022 business lines restated HT 2023 business lines Change (vs 2022 restated) Change (like-for-like) Net banking income 3,138 Operating expenses (2,432) 3,864 (2,443) 23.1% 3,480 0.5% (2,692) 4,230 (2,745) Gross operating profit 706 1 421 x 2.0 788 1 485 21.6% 2.0% 88.5% 21.4% 1.8% 88.3% Cost-income ratio 78.2% 63.8% - 14.3 pts 77.9% 65.5% - 12.5 pts -12,5 Pts Cost of risk (81) (101) 25,3% (81) (101) Operating profit 626 1320 x 2.1 707 1384 x 1.2 95.8% 24.5% 95.6% Change in goodwill 29 (and gains and losses on other assets) (37) na 29 (37) na na Share of profits of equity accounted 2 na 15 2 na 15 na companies Pre-tax profit 670 1 286 91.9% 752 1 350 79.6% 79.6% Income tax (133) (573) x 4.3 (117) (559) x 4.8 Net profit 537 713 32.8% 635 791 24.6% na 24.7% Non-controlling interests (134) (132) -1.6% (134) (132) -1.6% 87.1% Attributable net profit 402 580 44.2% 501 659 31.6% 7.7% (1) Group RONE 5.4% 8.6% 3.2 pts H1 2022 figures restated following the application of IFRS 17 (see methodology in the Appendices section) 1. RONE = Attributable net profit/Average risk weighted assets capitalised at 14%. RONE at 31/12/2022 = Attributable net profit at 31/12/2022/Risk weighted assets at 31/12/2022 under IFRS 17. INVESTOR PRESENTATION - SEPTEMBER 2023 16 LA BANQUE POSTALE#17Higher revenues (in € millions) - 3,138 +23.1% +21.4% 3,480 3,478 -220 19 944 H1 2022 NBI H1 2022 business Currency effect restated line NBI restated H1 2022 business Interest margin line NBI (constant exchange rates) Feed and commissions/Other Insurance 4,222 4,230 H1 2023 business line NBI (comparable scope of consilidation) Changes in consolidation scope 3,864 H1 2023 business line NBI H1 2023 NBI Growth in Insurance NBI supported by improved financial markets and higher gross inflows in France notably NIM impacted (-€220m i.e. -20%) by the rise in regulated savings interest rate and the pressure on credit margin linked to the application of the usury rate Commissions unchanged in a context of the decision to freeze bank charges for the full year 2023 INVESTOR PRESENTATION - SEPTEMBER 2023 17 12 LA BANQUE POSTALE#18Expenses under control in an inflationary environment (in € millions) 2,432 +0.5% +1.8% 2,740 2,745 2,692 2,692 46 -20 22 5 O H1 2022 expenses H1 2022 business Currency effect and restated line expenses restated changes in consolidation scope H1 2022 business line expenses (constant exchange rates) Staff expense excl. Insurance Operating expenses (incl. distribution) Insurance H1 2023 business line expenses (comparable scope of consilidation) - - Ongoing development of diversification businesses: CIB and et private banking Consolidation of non-life insurance subsidiaries into CNP Assurances Holding Decrease in Single Resolution Fund contribution (-€35m) recorded in the Corporate centre INVESTOR PRESENTATION - SEPTEMBER 2023 Changes in consolidation scope H1 2023 business line expenses 2,443 H1 2023 expenses 18 LA BANQUE POSTALE#19Controlled risk profile (in Єm) 12 bps Low cost of risk 12 bps Structurally low NPE rate 101 (1) 81 Bancassurance France 43 CIB Wealth & Asset Management 0.9% 0.8% 88 58 58 0.6% 0.6% H1 2022 Total exposure by stage HT 2023 Provisions by stage 2020 2021 2022 HT 2023 Satisfactory NPE coverage rate (in €bn) (in €bn) As a % of total exposure 1.69 286.2 1.6 294.2 294.4 9.3.1.6 1.63 2.2 298.7 2.6 1.51 0.9% 1.35 27.7 19.5 11.6 0.79 0.86 6.5% 0.67 38.3% 41.2% 35.5% 0.62 32.4% 273.0 283.2 264.5 276.5 92.6% 0.58 Stage 3 0.50 0.69 0.66 Stage 2 0.22 0.27 0.15 0.17 2020 2021 2022 HT 2023 Stage 1 2020 2021 2022 HT 2023 2020 2021 2022 HT 2023 1. H1 2022 figures restated following the application of IFRS 17 (see methodology in the Appendices section) INVESTOR PRESENTATION - SEPTEMBER 2023 19 LA BANQUE POSTALE#20Provisions kept at a cautious level Corporates (in Єm) Provisions 330 2020 2021 2020 ⚫2021 208 94 13 Coverage rate Corporates 2022 2022 HT 2023 HT 2023 114 65 18 Sector- based Leveraged transactions GBL1 Individual Statistical Statistical provisions provisions. provisions. S1 S2 Statistical provisions S3 Retail customers (in Єm) Home loans S1/S2 156 1. GBL: Government backed loans 230 110 243 103 19% 20% 11% 4% 0% 2% Sector- based Leveraged transactions Statistical GBL1 Individual Statistical Statistical provisions provisions. provisions. provisions S1 S2 S3 Retail customers 2020 2020 2021 2021 2022 2022 HT 2023 • HT2023 34% 64% 0,2% 2% 2,6% Home Home loans S3 Consumer loans S1/S2 Consumer loans S3 Bank Home loans loans overdraft S3 Consumer loans S1/S2 Consumer loans S3 Bank overdraft S1/S2 INVESTOR PRESENTATION - SEPTEMBER 2023 66% 20 LA BANQUE POSTALE#21Diversified high-quality asset portfolio No exposure in Ukraine or Russia Corporate exposures in sectors most sensitive to macroeconomic context limited to €2bn Exposure at default (EAD) at 30 June 2023 Sovereigns and local public sector 26% 11% 16% 9% Retail banking 49% Financial institutions 9% 2% 4% Total EAD Corporates 16% 16% (customers) €182bn 43% Exposure (EAD) to the most sensitive sectors at 30 June 2023 (€bn) 0.6 0.3 1,1% of EAD customers 0.6 0.2 0.2 Sovereigns Consumer loans Local public sector Postal chequing accounts Corporates Banks Home loans Agriculture Commercial real estate Solar energy Retail Automotive INVESTOR PRESENTATION - SEPTEMBER 2023 220 21 LA BANQUE POSTALE#22Capital and Liquidity LA BANQUE POSTALE#23Robust solvency 14.7% 31/12/2022 IFRS 4 CHANGE IN CETI RATIO 3.2% RISK-WEIGHTED ASSETS (in €bn) 18.3% +1.1% 17.9% 97.6 96.5 0.4 1.3 8.3 8.3 Impact IFRS 17 01/01/2023 IFRS 17 30/06/2023 1. Data restated following the application of IFRS 17 INVESTOR PRESENTATION - SEPTEMBER 2023 87.8 31/12/2022 IFRS 17 (1) 88.0 30/06/2023 Market RWAS Credit RWAS Operational RWAS 23 LA BANQUE POSTALE#24A sound balance sheet structure Total MREL RWA 25.2% 28.1% Requirement 01/01/2024 01/01/2023 IFRS 17 Subordinated MREL LRE RWA 30.2% Headroom 5.0 pts 28.2% 27.0% 22.5% 30/06/2023 IFRS 17 9.5% 9.9% Headroom 7.6% 2.3 pts. Requirement 01/01/2024 01/01/2023 IFRS 17 30/06/2023 IFRS 17 Requirement 01/01/2024 01/01/2023 IFRS 17 30/06/2023 IFRS 17 Headroom vs. CET1 Required capital Total capital ratio 22.4% 1.5% 18.3% 2.5% Headroom² Headroom² +9.1 pts 13.26% 9.4 pts 8.88% 18.3% 3.0% Regulatory requirement CETI Ratio 30/06/2023 (excl. P2G) Regulatory requirement (excl. P2G) 30/06/2023 CETI ATI T2 Leverage ratio 6.9% 6.9% Regulatory requirement (ECB) 01/01/2023 IFRS 17 Including ATI shortfall, distance to MDA stands at 941 bps 1. MREL requirements applicable from January 1st 2024 onwards without combined buffer requirements, along with the combined buffer requirements applicable on June 30th 2023 2. Required CETI and headroom vs. required CETI excluding ATI shortfall INVESTOR PRESENTATION - SEPTEMBER 2023 30/06/2023 IFRS 17 Headroom 3.9 pts Headroom 5.7 pts 24 LA BANQUE POSTALE#25Higher deposits with large part of Retail customers Deposit outstandings by type of customer (€bn) 1.0% 208.3 210.8 210.4 196.0 200.7 200.5 12.3 30/06/2022 10.1 31/12/2022 10.0 30/06/2023 Deposit outstandings by product (€bn) 1.0% 208.3 210.8 210.4 Sight deposits Retail 85.5 84.1 82.2 Corporate Regulated savings Term deposits 106.7 108.9 109.0 16.0 30/06/2022 17.8 31/12/2022 19.2 30/06/2023 95% of deposit outstandings are Retail, particularly granular ■ 87% of Retail deposit oustandings are insured' 1. Under the French deposit guarantee fund (FGDR) regime INVESTOR PRESENTATION - SEPTEMBER 2023 25 25#26Very solid liquidity structure High liquidity ratios Liquidity coverage ratio NSFR 153% 134% Loan to deposit ratio 87% Liquidity reserve Funding mix High proportion of deposits and low dependence on MLT wholesale resources³ 5% 2% 2023 Funding plan Achieved at 81% as at 31/07/2023 4% 4% Covered bonds SP & SNP ATI €0m T2 €0m €235bn 89% Deposits 17% Wholesale ATI & Tier 2 SNP €1,500m 85% Retail deposits SP €1,500m Corporate deposits CB €2,500m 63.8 56.4 54.4 2 Data as at 30/06/2023 53.6 45.5 SECURITIES Latest public issuances January 2023 - Social Covered Bond €1,250m MS +27 bps maturity 8Y 50.6 CUSHION UNENCUMBERED 42.8 49.1 52.1 Level 1 LIQUID SECURITIES January 2023 - Senior Non Preferred €750m MS +155 bps maturity 7Y 37.4 (HQLA)¹ April 2023 - Senior Preferred €1,000m MS+85 bps maturity 5Y 3.9 5.4 5.5 31/12/2020 4.3 3.0 5.1 3.0 9.3 31/12/2021 31/12/2022 30/06/2023 High quality unencumbered liquid securities (HQLA) 2.3 30/06/2023 Level 2 April 2023 - Covered Bond €1,000m MS+22 bps maturity 5Y June 2023-Senior Preferred (CHF) CHF180m SARON MS+82 bps 4Y CHF150m SARON MS+95 bps 7Y Other eligible securities ECB Cash and Central bank 1. High-Quality Liquid Securities (HQLA): HQLA are assets that can be easily and immediately converted into cash with little or no loss of value. INVESTOR PRESENTATION - SEPTEMBER 2023 26 LA BANQUE POSTALE#27Business line performances LA BANQUE POSTALE#28Bancassurance France Financial results (in € millions) H1 2022 restated H1 2023 Change vs. H1 2022 restated Change vs. H1 2022 (like-for-like) 25.5% Business performances Home loan originations Life insurance new money² +14.5% -24.7% 6.6 9.0 7.9 Net banking income 2,354 2,955 25.5% 5.0 Operating expenses (2,162) (2,195) 1.5% 1.4% Gross operating profit 192 760 x 4.0 n.a. Cost-income ratio 92.3% 74.6% -17,7 Pt -17,8 Pts 30/06/2022 30/06/2023 30/06/2022 30/06/2023 Cost of risk (88) (43) -51.1% -51.1% Operating profit 104 717 x 6.9 n.a. Outstanding loans: €70.3bn (+6.9%) Profit before tax 106 681 x 6.4 n.a. Attributable net profit 157 353 x 2.3 72.2% Consumer finance loans originations Unit-linked contribution² +3.1 pts +3.0% 35.3% 1.3 32.2% - - Higher results thanks to improved financial markets and a base effect in 2022 Sound gross inflows in life insurance (+14.5%) Decrease in home loan originations (-24.7%) due to a contraction in the real estate market and rising interest rates; stable market share at 5.5% (as a proportion of retail home loan outstandings) NIM impacted by the rise in regulated savings interest rate and the pressure on credit margin linked to the application of the usury rate Positive jaw effect H1 2022 figures restated following the application of IFRS 17 (see methodology in the Appendices section) 1. Source: Banque de France 2. CNP Assurances (partnership with La Banque Postale) INVESTOR PRESENTATION - SEPTEMBER 2023 1.3 30/06/2022 30/06/2023 Outstanding loans: €5.9bn (+8.2%) 30/06/2022 30/06/2023 28 LA BANQUE POSTALE#29International Bancassurance Financial results Traditional Savings/Pensions UL Savings/Pensions Personal Risk/Protection Business performances Latin America: written premiums¹ Europe excl. France: written premiums¹ (in €bn) (in €bn) (in € millions) HT 2022 restated H1 2023 Change vs. H1 2022 restated Change vs. H1 2022 (like-for-like) -35.4% 5.6 Net banking income 446 656 46.9% 45.5% -15.7% 3.9 0.1 Operating expenses (179) (176) -1.8% -2.8% Gross operating profit 267 480 79.4% 78.0% Cost-income ratio 40.1% 26.8% -13,3 Pt -17,8 Pts 0.7 0.7 Cost of risk n.a. n.a. 30/06/2022 Operating profit 267 480 79.4% 78.0% Profit before tax 249 482 93.8% 92.0% Attributable net profit 43 172 4.0% n.a. New money (in €bn) 30/06/2023 Latin America Savings/Pensions Unit-linked 3.3 2.7 3.6 0.1 1.7 3.1 2.5 2.3 1.3 0.6 0.6 30/06/2023 as a % of total 30/06/2022 Europe excluding France Savings/Pensions New money (in €bn) Unit-linked as a % of total Higher results thanks to a favourable market effect Strong positive jaw effect Decrease in Savings/Pensions new money: in Brazil due to the reorientation of savings inflows towards banking products and in Italy due to the competition from government bonds (BTP) 1. Savings/Pensions new money and Protection written premiums H1 2022 figures restated following the application of IFRS 17 (see methodology in the Appendices section) INVESTOR PRESENTATION - SEPTEMBER 2023 -20.5% 3.2 0.1 2.5 0.1 3.1 2.5 -39.5% 97.4% 97.5% 5.0 46.2% 2.7 43.0% 3.0 1.7 2.3 1.3 30/06/2022 30/06/2023 30/06/2022 30/06/2023 30/06/2022 30/06/2023 30/06/2022 30/06/2023 29 LA BANQUE POSTALE#30Corporate and Investment Banking Financial results Business performances Number of active customers Loan book (in €bn) (in € millions) H1 2022 H1 2023 Change +9.5% Net banking income 526 455 -13.6% 7 519 825 8 236 889 160 Operating expenses (251) (263) 4.5% 145 3 288 3 032 Gross operating profit 275 192 -30.2% Cost-income ratio 49.1% 61.3% 12,2 Pts 3 517 3 899 Cost of risk 5 (58) na 30/06/2022 30/06/2023 Operating profit 280 134 -52.2% Financial institutions groups & major institutions Profit before tax 280 134 -52.2% Attributable net profit 208 99 -52.2% Factoring volumes (purchased receivables) (in €bn) - - Loan originations down by 27% vs. H1 2022 which was particularly dynamic Lower margins due to the impact of the usuary rate on local public sector and to the increasing cost of resources Change in expenses reflecting investments to accelerate CIB development Normalization in the cost of risk at 13 bps vs. a reversal posted in H1 2022. INVESTOR PRESENTATION - SEPTEMBER 2023 10.3 +8.0% 11.2 +5.9% 43.4 41.0 10.9 10.2 1.5 2.3 10.0 11.6 19.3 18.7 30/06/2022 30/06/2023 SMES/ISES Local public sector & Institutions Large corporates Asset and Project Finance and structured financing (in €bn) +15.0% 1.4 1.3 30/06/2022 30/06/2023 30/06/2022 30/06/2023 30 LA BANQUE POSTALE#31Wealth and Asset Management Financial results Business performances Wealth Management Asset Management (in € millions) H1 2022 H1 2023 Change Net banking income 154 165 7.6% Assets under management (in €bn) Vs H1 2022 +6.5% Operating expenses (100) (112) 12.2% Gross operating profit 54 53 Cost-income ratio 65.1% 67.9% Cost of risk 2 -0.9% +2,8 Pts -96.4% 54.8 55.8 58.3 Outstanding home loans €5.0bn +8.2% Operating profit 56 53 -3.9% Profit before tax 117 53 -54.4% Attributable net profit 93 34 -63.1% Asset deposits €17.1bn +22.7% Attributable net profit up by €3m excluding capital gains (€63m) from the sale of equity stakes in AEW Europe and Ostrum AM effective 13/05/2022 Higher assets under management: +6.5% for LBP AM, +22.7% for Louvre Banque Privée year-on-year Rise in operating expenses reflecting the creation of the wealth management business unit and the execution of LFDE acquisition Acquisition of 100% of LFDE not taken into account in 2023 H1 indicators (acquisition effective 04/07/2023) 30/06/2022 31/12/2022 30/06/2023 SIX 2022 022 ALPHA LEAGUE SAX 202 X ALPHA LEA Tocqueville Finance on the Alpha League Table podium for the second year in a row MIEUX VOTRE VIVRE ARGENT LBP AM and Tocqueville: most awarded companies at the Grands Prix des SICAV 2023 Managed funds² €9.5bn +24.8% TROPHÉES 2023 MEILLEURS FONDS Le Revenu 2023 Gold Trophy: "Best listed offer over 3 years"" for the full LBP AM Tocqueville Finance offer INVESTOR PRESENTATION - SEPTEMBER 2023 1. Assets under management 2. Assets under discretionary management 31 LA BANQUE POSTALE#32Corporate centre Financial results (in € millions) HT 2022 H1 2023 restated Change Net banking income -342 -366 Income and expenses relating to insurance contracts Management fees -348 -356 -24 -8 -12 -10 2 ALM gains 19 -19 General operating expenses & cost of risk 261 302 42 Income and expenses relating to insurance contracts 348 356 SRF and FGDR contributions -88 -53 Operating loss -81 -64 Income tax Net loss Non controlling interests Attributable net loss -17 -14 22% M 35 17 3 -98 -78 20 О na -98 -78 20 H1 2022 figures restated following the application of IFRS 17 (see methodology in the Appendices section) INVESTOR PRESENTATION - SEPTEMBER 2023 IFRS 17: Restatement between NBI and operating expenses of distribution expenses relating to insurance contracts. Lower contribution to SRF (-€35M) and FGDR: contributions by the bank to the EU Single Resolution Fund and its French equivalent, Fonds de Garantie des Dépôts et de Résolution. 52 32 LA BANQUE POSTALE#3305. LBP Home Loan SFH LA BANQUE POSTALE#34La Banque Postale Home Loan SFH: legal framework A STRONG LEGAL FRAMEWORK AND ADVANTAGEOUS TREATMENT FOR INVESTORS INVESTOR INFORMATION: A DEDICATED WEBSITE - - - - - - - LBP Home Loan SFH is a French credit institution, wholly owned by LBP, licensed by the French banking and insurance supervisor (ACPR) Minimum contractual over-collateralisation (OC) of 8.1% versus legally required minimum of 5%, using the same weightings Under CRD IV/CRR (article 129) and LCR delegated act, covered bonds with minimum size of €500m rated AA- or better are eligible for inclusion in level 1B for LCR and benefit from a 10% RW Covered bonds are secured by a segregated asset pool and a preferential legal claim for covered bond investors Absolute seniority for repayment purposes, no early redemption or acceleration Regulated covered bonds are exempt from bail-in (BRRD) Compliant with European Covered Bond Premium Label expectations LBP Home Loan SFH LA BANQUE POSTALE Main information on La Banque Postale Home Loan SFH .115 rue de Sèvres - 75006 Paris - France • Credit institution approved by the French Prudential and Resolution Authority (ACPR) • Paris Trade and Companies Registry: 522 047 570 • Limited company with Executive and Supervisory Boards 100 % of the capital is owned by La Banque Postale Specific controller: Cailliau Dedouit and Associates Statutory Auditors: KPMG - Mazars ECBC Label to ensure full transparency of the asset pool B COVERED BOND LABEL. HTT INVESTOR PRESENTATION - SEPTEMBER 2023 34#35La Banque Postale Home Loan SFH Strong and granular cover pool (1/2) LA BANQUE POSTALE HOME LOAN SFH Programme size Rating Currency Listing Governing law Amount issued Maturity type Registrar and paying agent for NSV Total outstanding Number of loans Average loan balance Cover Pool amortisation profile WA LTV Indexed WA LTV Owner occupier loans Programme terms and Cover pool (cf. ECBC template: reporting date as of 30/06/2023) €30bn AAA by S&P € Euronext Paris European Covered Bond (Premium) Label French Law, ability to issue German law-governed Namensschuldverschreibungen €20,216 (as at 30/06/2023) Hard/Soft bullet LBBW €26,750bn (as of 25/07/2023) 315,814 €84,702 Contractual: 8.0 years / Expected Upon Prepayments: 6.1 years 67% 56% 89,5% Interest rates INVESTOR PRESENTATION - SEPTEMBER 2023 100% fixed rates 35#36La Banque Postale Home Loan SFH Strong and granular cover pool (2/2) LOAN PURPOSE Buy to let Second home 2% 8.7% BORROWER EMPLOYMENT BREAKDOWN Civil Servants 21% Employees 71% 5% Self-employed 1% 2% -Retired/Pensioner 89.5% Owner occupier Other non-working GEOGRAPHICAL DISTRIBUTION Ile-de-France 27% (Paris included) Other regions 44% 38% 1st lien mortgages MORTGAGES AND GUARANTEES Guarantees (Crédit Logement) OF THE COVER POOL 56% O INVESTOR PRESENTATION - SEPTEMBER 2023 12% 10% 13% Occitanie Provence-Alpes Côte d'Azur Auvergne- Rhône-Alpes Sources: La Banque Postale Home Loan SFH, ECBC Template, as of 30/06/2023 36#37French residential real estate market (1/2) A structurally sound market... STRUCTURAL DEMAND FOR HOUSING Number of transactions for existing properties (aggregated data on a 12-month basis, in thousands) 37 000 1300 1 100 900 700 500 2006 2007 2008 2009 2010 2011 32 000 2012 2013 2014 2015 2016 27 000 2017 2018 2019 2020 2021 250 240 230 220 210 200 Source: French Ministry of Finance, French Ministry of Housing, Notary data and La Banque Postale 2022 190 33% 2007 2008 32% 2009 2010 2011 2012 INVESTOR PRESENTATION - SEPTEMBER 2023 2013 Source: Observatoire Crédit Logement/CSA, La Banque Postale 32% 2014 31% 2015 2016 2017 31% 2018 2019 30% 2020 2021 021 2022 2023 30% 29% 01-20 07-20 Source: ACPR, La Banque Postale 01-21 SOUND HOME LOAN MARKET WITH PRUDENT LENDING CRITERIA AND LIMITED SUPPLY Average maturity at inception for new home loans (in months) Number of new constructions launched (3-month data aggregated, annualized - k) Sales of newly built homes (seasonally adjusted, quarterly) 22 000 17 000 2015 2016 2017 2018 Sales 2019 Debt-to-service to income 2020 Units on the market 2021 2022 2023 07-21 01-22 07-22 01-23 600 500 400 300 200 2000 2002 2004 2006 2008 Source: Ministry for the Ecological and Inclusive Transition, La Banque Postale 2010 2012 2014 2016 2018 2020 2022 37 LA BANQUE POSTALE#38French residential real estate market (2/2) ...with some adjustments to be expected THE MARKET IS NOT OVERVALUED Existing properties' prices New flats' prices - whole France 2,5 2,0 8,0 130 (%) 2,2 12% 1,8 1,8 1,9 7,0 120 1,7 1,7 10% 110 6,0 1,5 1,4 1,4 1,4 8% 1,5 1,3 1,0 1,0 0,9 0,7 1.4 0,5 0,4 0,0 -0,5 2016 100 1,2 5,0 1,0 0,7 0,6 0,6 | 1,1 0,9 90 6% 4,0 0,7 80 4% 3,0 70 2% 0,0 2,0 60 T 1,0 50 IT 0% -0,1 0,0 40 -2% 2017 2018 2019 Quarterly trend (LHS) 2020 2021 Annual trend (RHS) 2022 Source: IHS; La Banque Postale 1997 1999 2001 2003 2005 2007 2009 2011 Evolution YoY (RHS) Source: Ministry of housing; La Banque Postale HIGHER HOME LOAN RATES MAY LEAD TO A LIMITED CORRECTION Home loan interest rate (excluding fees and insurance) and 10Y OAT 2013 2015 2017 2019 2021 2023 Index (2015-100) (LHS) 5,5% 5,0% 4,5% 4,0% 3,5% 3,0% 2,5% 2,0% 1,5% 1,0% 0,5% 0,0% -0,5% 06 07 08 09 10 11 12 Home loan interest rate 13 14 15 16 17 18 19 20 21 22 23 10Y OAT Sources: Crédit Logement/CSA; Banque de France; La Banque Postale INVESTOR PRESENTATION - SEPTEMBER 2023 38 LA BANQUE POSTALE#39Appendices LA BANQUE POSTALE#40Robust credit profile recognised by rating agencies Rating Fitch Ratings Moody's Standard & Poor's Short-term rating F1+ P1 A-1 Long-term rating A A2 A+ Senior Preferred A+ A2 A+ Senior Non-Preferred A Baa2 BBB- Tier 2 BBB+ Baa3 BB+ ATI BBB- Ba2 BB- Outlook Stable Stable Negative Last updated 19 December 2022 26 July 2022 7 December 2022 INVESTOR PRESENTATION - SEPTEMBER 2023 40 LA BANQUE POSTALE#41Recognised ESG policy The only French bank to achieve an A score on the 2022 CDP Climate Change questionnaire, reflecting the soundness of its climate protection strategy ISS ESG ethix-climate-oekom D- MOODY'S ESG Solutions + BOSTA Citoyenne RATING B- D+ C- B- 74 0 30 50 60 74 Re-elected to the 100 Net-Zero Banking Alliance's Steering Group, representing 71 European banks SUSTAINALYTICS CDP 8.8 A D- D C B A MSCI Date of most recent rating: ISS ESG (01/2023), Moody's ESG Solutions (06/2023), Sustainalytics (04/2022), CDP (2022), MSCI (05/2023) INVESTOR PRESENTATION - SEPTEMBER 2023 AAA CCC B BB BBB A AA AAA In the Top 3 worldwide in the “Public and Regional Banks" category (271 banks rated) Best bank in the "Retail and Specialised Banks" category (95 banks rated) Leading bank worldwide and 8th company worldwide (4,770 companies rated) Leading French bank and 4th worldwide in the "Diversified Banks" category (416 banks rated) In the Top 100 of the Sustainalytics universe (approximately 15,000 companies rated) Ranked among the 2% of companies with an A score worldwide and among the 24 French companies with an A score Ranked among the top 6% of AAA-rated banks worldwide (out of a total of 196 banks) 41 LA BANQUE POSTALE#42Substantial Contribution Criteria Climate change mitigation (1/2) Adherence assessment for activities 7.1, 7.2, 7.7, 4.1, 4.2, 4.3 Adherence to "Substantial contribution" for Climate Change Mitigation Related issuer information Important note on the Green Buildings category: This category displays two parallel sets of eligibility criteria, only one of which is Taxonomy-related. This adherence assessment relates only to the portion of projects within the category following Taxonomy criteria. Eligible Category Corresponding EU Taxonomy economic activity Green Buildings 7.1. Construction of new buildings Adhere Criterion 1: The issuer confirms that the Primary Energy Demand (PED) of buildings will be at least 10 % lower than the threshold set for the nearly zero-energy building (NZEB). In the French context, in accordance with government guidance, compliance with the RE2020 building standard is considered to meet the NZEB-10% taxonomy criterion. Criterion 3: The life-cycle Global Warming Potential (GWP) will be calculated for buildings above 5000m2. Adhere Criterion 2: Buildings above 5000m2 will undergo testing for air-tightness and thermal integrity. Adhere 7.2. Renovation of existing buildings Adhere 7.7. Acquisition and ownership of buildings Adhere Adhere Adhere Renewable Energy 4.1. Electricity generation using solar photovoltaic technology Adhere The issuer confirms that building renovations will comply with applicable EU requirements and/or lead to a reduction of primary energy demand (PED) of at least 30%. Criterion 1: Buildings built before 31 December 2020 will have an EPC class A or be within the top 15% of the national or regional building stock expressed as operational Primary Energy Demand (PED). Criterion 2: The issuer reports that for buildings built after 31 December 2020, the building will meet the criteria specified in the Taxonomy under 7.1. Criterion 3: Large non-residential buildings will be efficiently operated through energy performance monitoring and assessment, in line with the third criterion. Solar electricity will be generated using photovoltaic (PV) technology only. 4.2. Electricity generation using concentrated solar power (CSP) technology Adhere Solar electricity will be generated using concentrated solar power (CSP). 4.3. Electricity generation from wind power Adhere Electricity will be generated only from wind-based (onshore and offshore) resources. La Banque Postale: Second Party Opinion - Green, Social and Sustainability Bond Framework Assigned SQS2 Sustainability Quality Score INVESTOR PRESENTATION - SEPTEMBER 2023 42 LA BANQUE POSTALE#43Substantial Contribution Criteria Climate change mitigation (2/2) Adherence assessment, activities 6.1, 6.2, 6.3, 6.4, 6.5, 6.7, 6.10, 6.11, 6.13, 6.15 Eligible Category Clean Transportation Corresponding EU Taxonomy economic activity 6.1. Passenger interurban rail transport 6.2. Freight rail transport 6.3. Urban and suburban Adherence to "Substantial contribution" for Climate Change Mitigation Adhere Adhere Adhere Related issuer information For activities 6.1 and 6.2, the issuer confirms that trains and passenger coaches have zero direct (tailpipe) CO2 emissions or that they are bimodal. The issuer has visibility on specific assets financed under these activities through acquisition contracts with the constructor. The investments in public transport will be limited to zero-tailpipe emissions vehicles. transport, road passenger transport 6.4. Operation of personal Adhere Criterion 1: The propulsion of financed devices will come from the user or a zero emissions motor. mobility devices, cycle logistics Adhere Criterion 2: Devices can be operated on bicycle and pedestrian infrastructure. Adhere The investments will include vehicles with emissions lower than 50g CO2/km or zero emissions vehicles. 6.5. Transport by motorbikes, passenger cars and light commercial vehicles 6.7. Inland passenger water transport Adhere 6.10. Sea and coastal freight Adhere water transport, vessels for port operations and auxiliary activities 6.11. Sea and coastal passenger water transport 6.13 Infrastructure for personal mobility, cycle logistics 6.15. Infrastructure enabling low- carbon road transport and public transport INVESTOR PRESENTATION - SEPTEMBER 2023 Adhere Adhere Adhere The vessels will have zero direct (tailpipe) CO2 emissions or, for hybrid and dual fuel vessels, will derive at least 50% of their energy from zero direct (tailpipe) CO2 emission fuels or plug-in power. One of the investments under this activity are cruise ships using wind energy (sails). The issuer confirms that no container or bulk carriers based on fossil fuels will be financed. Vessels will either be zero emissions according to point (a) of the Taxonomy criterion, or will have emissions at least 50% lower than the average reference CO2 emissions value defined for heavy duty vehicles (vehicle sub group 5-LH) in accordance with Article 11 of Regulation 2019/1242, as per point (c) of the Taxonomy criterion. Vessels will either be zero emissions (e.g. cruising sailboats) or hybrid and dual fuel vessels deriving at least 25% of their energy from zero direct (tailpipe) CO2 emission fuels or plug-in power Infrastructure planned under this eligible activity consists of, and is limited to, bicycle parking stations. The specific infrastructure planned under this eligible activity consists of, and is limited to, electric vehicle charging points. La Banque Postale: Second Party Opinion - Green, Social and Sustainability Bond Framework Assigned SQS2 Sustainability Quality Score 43 LA BANQUE POSTALE#44Methodology: Application of IFRS 17 GENERAL PRINCIPLES IFRS 17 - Insurance Contracts is applicable retrospectively in accordance with IAS 8; it replaces IFRS 4 for annual reporting periods beginning on or after 1 January 2023. Comparative figures for the first half of 2022 and the year ended 31 December 2022 have therefore been presented on a pro forma basis in the consolidated financial statements of La Banque Postale Group. The transition impacts are recognised in equity using the three methods provided for in the standard: • • The Full Retrospective Approach (FRA), used for La Banque Postale Assurances IARD and for certain cohorts of CNP Assurances contracts; The Fair Value Approach (FVA), whereby insurance contracts are measured at fair value at the transition date and in line with the approach adopted on creating the major state- owned financial group announced on 4 March 2020. This approach is used for the majority of insurance contracts written by CNP Assurances, particularly savings and pensions contracts; The Modified Retrospective Approach (MRA), a simplified version of the FRA used for La Banque Postale Prévoyance. Effective from the IFRS 17 transition date on 1 January 2022, a new balance sheet indicator was created - "Insurance contract liabilities" - comprising the following three components: the Best Estimate (BE), based on the discounted present value of future cash flows arising from insurance contracts; the Contractual Service Margin (CSM), which represents profits not yet recognised in the income statement; and the Risk Adjustment (RA). PRESENTATION OF THE CONSOLIDATED FINANCIAL STATEMENTS UNDER IFRS 17 The presentation of the financial statements has been adjusted in line with the new presentation of insurance activities required under IFRS 17. The main restatements applicable to the presentation of La Banque Postale Group's consolidated balance sheet are as follows: . " Cancellation of intangible insurance assets such as portfolios of insurance contracts and financial contracts with a discretionary participation feature previously recognised separately in the financial statements. These items are now included in the projected future cash flows from insurance contracts; Discontinuation of shadow accounting for deferred participation assets on the assets side and net deferred participation liabilities on the liabilities side; Discontinuation of the overlay approach permitted by IFRS 4 and chosen upon first-time application of IFRS 9. The effects of IFRS 9 now apply in full to the financial asset and liability portfolios of insurance entities; Measurement of equity instruments available for sale at fair value through other comprehensive income not reclassifiable to profit or loss; Value of investment property measured at fair value through profit or loss, in accordance with the option offered by IAS 40, as amended following the publication of IFRS 17, for hedges of savings and pensions contracts only. The main restatements and reclassifications applicable to the presentation of La Banque Postale Group's income statement are as follows: Income and expenses relating to ceded insurance and reinsurance contracts are presented separately under net banking income (NBI); Expenses relating to the insurance contracts of insurance entities and those incurred by the Bank for insurance product distribution are presented by category as a deduction from NBI; The internal margin related to fees and commissions received by the Bank and expenses incurred by the Bank is reclassified to the "Corporate Centre" to give a clearer picture of the business lines within segment information; The cost of credit risk on financial investments of insurance activities is presented on a separate line as an insurance item in NBI. INVESTOR PRESENTATION - SEPTEMBER 2023 44 LA BANQUE POSTALE#45Risk-weighted assets - CHANGE IN RWAS Conservative RWA calculation approach using standard method Gradual and controlled diversification of lending businesses Credit risk accounting for most of total RWAS RWAs' growth driven by the integration of CNP Assurances +€7.8bn +€2.9bn +€3.9bn In €bn As a % of total RWAS 96.5 97.6 91.1 85.5 0.4 1.3 76.9 0.8 Market RWA 1.3% 69.9 0.7 65.2 1.0 59.5 54.2 1.1 2.0 2.1 1.2 75.6 81.3 87.8 88.0 Credit RWA 90.2% 43.8 48.2 53.9 59.4 66.3 9.2 9.3 2015 2016 2017 9.4 9.5 9.3 8.9 8.3 8.3 Operational RWA 8.5% 2018 2019 2020 2021 2022 HT 2023 (IFRS 17) (IFRS 17) INVESTOR PRESENTATION - SEPTEMBER 2023 Basel 3/CRR 45 LA BANQUE POSTALE#46Commercial real estate: exposure concentrated on prime assets almost exclusively located in France Share of commercial real estate financing in the portfolio Total EAD (customers) €182bn Exposure by geography² Exposure by asset type² 3% 6% 7% 3% 2% 48% Corporates: 16.0% o/w real estate professionals: 3.1% o/w non real estate professionals: 1.1% 35.0% 0.8% 0 64.2% 33% Unaudited management data 1. Real estate professionals: real estate investors, real estate developers, real estate companies 2. Scope: Contracts linked to a specific asset 3. Scope: total perimeter (real estate professionnals) INVESTOR PRESENTATION - SEPTEMBER 2023 Paris area French regions International Offices Retail Warehouses Hotels Residential Others Healthcare facilities Average maturity at inception: 9.0 years³ Average remaining maturity: 5.9 years³ Average LTV: 41.1%2 - NPE: 1.4%³ % of collateralised exposure: 72.1%³ 46 LA BANQUE POSTALE#47A sound Corporate credit portfolio As at 30 June 2023 CORPORATE LOAN BOOK BY STAGE: €29bn REAL ESTATE RETAIL 18.8% 10.5% ENERGY & UTILITIES HEALTH, SOCIAL & EDUCATION TRANSPORT & LOGISTICS TELECOMMUNICATIONS, MEDIA & COMMUNICATION BUILDING TOURISM, HOSPITALITY, CATERING, ENTERTAINMENT AUTOMOTIVE OTHER SERVICES FACILITIES OTHER INDUSTRIES LOGISTICS 8.0% 6.2% 6.1% 15.5% 4.4% 3.6% 3.3% 3.3% 2.9% 2.8% 2.6% OTHER FINANCIAL SERVICES 2.5% UTILITIES 2,3% IT & TECHNOLOGY 1.7% HOLDING ACTIVITIES 1.7% FOOD & BEVERAGE 1.7% COMMODITIES 1.7% AGRICULTURE 1.5% AEROSPACE & DEFENSE 1.3% FINANCE 1.3% CONSUMER GOODS (NON FOOD) LUXURY, COSMETICS, HEALTHCARE SERVICES & OTHERS 0.9% 10.9% 10.8% CHEMICALS, PHARMACEUTICALS INVESTOR PRESENTATION - SEPTEMBER 2023 BUCKET 1 BUCKET 2 BUCKET 3 47 LA BANQUE POSTALE#48LBP SA Debt issues (Excluding Covered Bonds, public issuances, as at August 31, 2023) Debt Nominal Currency Issue date Coupon Call date 750,000,000 EUR 12/07/2019 0.250% 1,000,000,000 EUR 03/05/2023 4.00% no call no call SP 180,000,000 CHF 12/07/2023 2.7725% no call 150,000,000 CHF 12/07/2023 2.8275% no call Maturity 12/07/2026 03/05/2028 12/07/2027 12/07/2030 ISIN FR0013415692 FR001400HOZZ CH1277240938 CH1277240946 500,000,000 EUR 16/10/2017 1.00% 750,000,000 EUR 13/07/2018 2.00% 750,000,000 EUR 24/04/2019 1.375% no call no call no call 750,000,000 EUR 17/06/2020 0.500% 17/06/2025 16/10/2024 13/07/2028 24/04/2029 17/06/2026 FR0013286838 FR0013349099 FR0013415692 FR0013518024 SNP 750,000,000 EUR 23/06/2021 0.750% 500,000,000 EUR 09/02/2022 1.000% 425,000,000 GBP 21/09/2022 5,625% 750,000,000 EUR 17/01/2023 4.375% 650,000,000 EUR 09/06/2016 3.000% no call 09/02/2027 21/09/2027 no call no call 23/06/2031 FR00140044X1 09/02/2028 FR00140087C4 Tier 2 500,000,000 EUR 26/10/2020 0,875% 750,000,000 EUR 02/02/2021 0.750% 26/10/2025 03/05/2027 500,000,000 EUR 05/12/2022 5.500% 05/12/2028 750,000,000 EUR 20/11/2019 3.875% 20/05/2026 21/09/2028 17/01/2030 09/06/2028 26/01/2031 02/08/2032 05/03/2034 Perp FR001400CRO] FR001400F5F6 FR0013181898 FR00140009W6 FR0014001R34 FR001400DLD4 FR0013461795 ATI 750,000,000 EUR 29/09/2021 3.000% 20/11/2028 Perp FR0014005090 48 INVESTOR PRESENTATION - SEPTEMBER 2023 Social Green LA BANQUE POSTALE#49Debt maturity schedule As at August 31, 2023 PUBLIC BENCHMARKS (in €m) 4,310 4,039 3,510 1,800 550 2,978 2,025 286 2,659 960 750 2,071 1,003 12 500 1,750 1,458 758 1,294 1,295 500 750 750 1,051 992 500 750 1,924 206 154 4 151 -44 45 951 752 750 757 752 755 772 101 500 94 106 19 11 100. 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 > 2036 INVESTOR PRESENTATION - SEPTEMBER 2023 Covered Senior Prefered Tier 2 AT 1 Senior Non Prefered 49 LA BANQUE POSTALE#50Crédit Logement/Mutual Guarantee Fund (MGF) Crédit Logement is a market leader on the French residential property market. It guarantees home loans, in the form of a joint and several guarantee that protects the lender against borrower default. In 2022, almost 346 519 property transactions were covered by a Crédit Logement guarantee, allowing them to finance their property purchase without a mortgage. (-23.3% of production vs. 2021 as home loan market is declining) 51% of LBP Home loans are guaranteed by Crédit Logement Crédit Logement Outstanding guarantees at the end of 2022: €429.7bn (+3,9% / 2021) corresponding to 3,444,338 loans Long-term rating (Aa3/stable by Moody's and AA/low stable by DBRS) Backed by the French banking system in the last resort Mutual Guarantee Fund (MGF): - The Crédit Logement financial guarantee is based on the principle of pooling risk, with each borrower contributing to a Mutual Guarantee Fund (MGF): The MGF provides the funds to repay the bank in case the borrower defaults MGF: €6.9bn at the end of 2022 INVESTOR PRESENTATION - SEPTEMBER 2023 CRÉDIT LOGEMENT OWNERSHIP STRUCTURE - - HSBC Continental Europe Others 17% BNP Paribas La Banque Postale Société Générale Crédit Foncier 6% 17% 7% 3% Groupe BPCE 9% 10% Crédit Mutuel/CIC 16% 16% Crédit Agricole LCL CREDIT LOGEMENT GUARANTEE: ADVANTAGES FOR LBP No cost involved and automatic process to obtain the guarantee approval Excellent risk control (a second risk review and dynamic benchmark) Full and rapid compensation when a guaranteed loan is in default Recovery process fully managed by Crédit Logement Guaranteed home loans eligible to refinancing via SFH LA 50 BANQUE POSTALE#51Disclaimer This document has been prepared by La Banque Postale solely for use in investor meetings. This document is confidential and is not to be reproduced by any person, nor to be distributed to any person other than its original recipient. La Banque Postale takes no responsibility for the use of these materials by any person. This presentation does not constitute a prospectus or other offering document of securities, in whole or in part. This presentation does not constitute or form part of any offer or invitation to sell or issue or any solicitation of any offer to buy or subscribe for any security nor shall it (or any part of it) form the basis of (or be relied on in connection with) any contract or investment decision in relation thereto. Recipients should conduct their own investigation, evaluation and analysis of the information set out in this document and should rely solely on their own judgement, investigation, evaluation and analysis in evaluating La Banque Postale, its business and affairs. No representation or warranty, express or implied, is given by or on behalf of La Banque Postale, or any of its directors, officers, employees, advisors, agents, affiliates or any other person as to (a) the accuracy, fairness or completeness of the information or (b) the opinions contained in this document, and, save in the case of fraud, no liability whatsoever is accepted for any such information or opinions. The information and opinions contained in this presentation are provided as at the date of this document and are subject to change without notice, although neither La Banque Postale nor any other person assumes any responsibility or obligation to provide the recipients with access to any additional information or update or revise any such statements, regardless of whether those statements are affected by the results of new information, future events or otherwise. All liability (including, without limitation, liability for indirect or economic loss) is hereby excluded to the fullest extent permissible by law. Certain statements included in this presentation are "forward-looking". Such forward-looking statements speak only at the date of this document, involve substantial uncertainties and actual results and developments may differ materially from future results expressed or implied by such forward-looking statements. Neither La Banque Postale nor any other person undertakes any obligation to update or revise any forward looking statements. All written, oral and electronic forward-looking statements attributable to La Banque Postale, or persons acting on its behalf are expressly qualified in their entirety by this cautionary statement. = This document may contain a number of forecasts and comments relating to the targets and strategies of La Banque Postale Group. These forecasts are based on a series of assumptions, both general and specific, notably unless specified otherwise the application of accounting principles and methods in accordance with IFRS (International Financial Reporting Standards) as adopted in the European Union, as well as the application of existing prudential regulations. This information was developed from scenarios based on a number of economic assumptions for a given competitive and regulatory environment. La Banque Postale Group may be unable: to anticipate all the risks, uncertainties or other factors likely to affect its business and to appraise their potential consequences; to evaluate precisely the extent to which the occurrence of a risk or a combination of risks could cause actual results to differ materially from those provided in this presentation. There is a risk that these projections will not be met. Investors are advised to take into account factors of uncertainty and risk likely to impact the operations of La Banque Postale Group when basing their investment decisions on information provided in this document. Unless otherwise specified, the sources for the rankings are internal. INVESTOR PRESENTATION - SEPTEMBER 2023 51 LA BANQUE POSTALE#52Contacts Géraldine Lamarque Head of Group Financial Communication [email protected] Linda Chibah Group Financial Communication [email protected] Victoire Bortoli Group Financial Communication [email protected] Julien Rouch Group Financial Communication [email protected] Gabriel Beya-Tumba Group Financial Communication [email protected] LA BANQUE POSTALE#53LA BANQUE POSTALE La Banque Postale 115 rue de Sèvres 75275 Paris Cedex 06 www.labanquepostale.com/investors