#1Finanzgruppe NORD/LB Group Presentation December 2023 NORD/LB Creating true value.#2Agenda TO 01 02 - 03 04 50 NORD/LB at a glance Sustainability in the business model Finanzgruppe 05 9M2023 Results News from the business Appendix 2 segments NORD/LB#3NORD/LB at a glance Ownership structure and ownership region Ownership structure 1,2 11,94% FIDES Gamma³ 11,94% FIDES Delta4 8.92% Lower Saxony Savings Banks and Giro Association 1.79% Saxony-Anhalt Savings Banks Holding Association 1.24% Special Purpose Holding Association of the Mecklenburg-Western Pomeranian Savings Banks 57.92% State of Lower Saxony5 6.25% State of Saxony-Anhalt Headquarters and ownership region Hanover Braunschweig Magdeburg NORD/LB 1 Slight deviations may occur due to rounding. 2 Status: 31 December 2023 3 Fides Gamma: trustee company of the DSGV/savings banks 4 Fides Delta: trustee company of the DSGV/Landesbanken 5 Divided into: State of Lower Saxony 2.68 percent, Niedersachsen Invest GmbH (NIG) 40.27 per cent and Hannoversche Beteiligungsgesellschaft Niedersachsen mbH (HanBG) 14.97 per cent Finanzgruppe 3 NORD/LB#4NORD/LB at a glance Strong roots in our region - leading market positions in attractive segments Private & Business Customers Corporate Customers & Savings Banks Network ■ German SMEs ■ Specialised industry expertise Corporate Finance Markets ■ Institutional clients ■ Public customers Savings Banks NORD/LB CBB A€ Special Finance Energy and infrastructure Aircraft OO 000 Commercial Real Estate Deutsche Hypo Attractive provider with a holistic approach to care and sustainable orientation Excellent know-how in the field of renewable energies and infrastructure projects Excellent expertise in aircraft and commercial real estate financing Long-standing stable network business with partners of the S-Finanzgruppe Finanzgruppe 4 NORD/LB#5NORD/LB at a glance Our brands NORD/LB ■ Private & Commercial Customers Corporate Customers & Savings Banks Network ■ Markets ◉ Special Finance (energy, infrastructure and aircraft) ■ Real Estate Banking Customers ■ Special Credit and Portfolio Optimization (SCPO) DEUTSCHE HYPO NORD/LB Real Estate Finance Commercial real estate financing Braunschweigische Landessparkasse Ein Unternehmen der NORD/LB ■ Private & Commercial Customers NORD/LB Covered Bond Bank Luxembourg Fixed Income Relationship Management & Sales Europe Factoring Finanzgruppe 5 NORD/LB#6NORD/LB at a glance Our Ratings Bank Ratings MOODY'S Fitch Ratings Issuer Rating A3 A- Outlook positiv stable Short-term liabilities P-2 F1 Unsecured Ratings Senior Preferred A3 A Senior Non-Preferred Baa2 A- Subordinated capital / Tier 2 Ba2 B+ Covered Bond Ratings Mortgage Pfandbriefe Public Sector Pfandbriefe Aa1 Aal ESG Ratings Corporate Finanzgruppe DBRS A (high) stable R-1 (middle) A (high) A A (low) SUSTAINALYTICS ISS ESG‣ C (Prime) MSCI 19.4 (low-risk) BBB 6 NORD/LB#7NORD/LB at a glance NORD/LB: Creating true value For our environment For our customers For our society We support our clients in the transition to a climate- neutral economy We are an international specialist financier with decades of tradition, great expertise and numerous awards We contribute to achieving climate goals through financing renewable energy and sustainable real estate. We help communities and cities to improve the quality of life by financing schools, hospitals and the expansion of the fibre optic network, among other things With our financing of small and medium-sized enterprises, we are the companion of the technology and innovation engine of the German economy We have excellent industry expertise in energy and food, agricultural banking, construction and project development Finanzgruppe 7 NORD/LB#8NORD/LB at a glance A firm eye on the future Finanzgruppe ре We are a reliable partner and offer customised solutions for SMEs We are an expert in future-oriented special financing (renewable energies, infrastructure, mobility) We are a client-induced problem solver and intermediary in capital market products We consider sustainability as part of our DNA, which is part of our business model We are mastering the digital transformation with the help of the new, modern bank IT, thus ensuring innovation and speed We are returning to strong earnings performance after implementing the NORD/LB 2024 Initiative 8 NORD/LB#9NORD/LB at a glance Heading towards an economically successful future with a clear plan and significant success NORD/LB Group's transformation is making progress ■ Costs decrease Equity base strengthened Our goals by 2024 ■ Generate attractive returns ■ Staff reduction ■ Focus on core business ■ Consolidate solid equity base Expansion of the product range has started ■ Innovative offerings, especially in the area of credit asset management ■ Added value for our clients through asset know-how and structuring expertise Business model is clearly outlined Clear focus on German SMES ■ Clear focus on inter- national special and project financing ■ More than 250 years of experience as a universal bank ■ Great advisory competence ■ Tailor-made customer solutions Market leader for medium-sized corporate clients We understand our customers and speak their language Finanzgruppe 6 NORD/LB#10Agenda 01 02 03 04 05 NORD/LB at a glance Sustainability in the business model Finanzgruppe 9M2023 Results News from the business Appendix segments 10 10 NORD/LB#11Sustainability at NORD/LB Our transformation programme covers a wide range of ESG issues - with a strong focus on strengthening governance Dimension E S G Finanzgruppe " " Activities of NORD/LB (selection) Signatories to the Climate Commitment of the German Financial Sector CO2 footprint measured: Implementation of CO2 accounting for transparency measurement of the CO₂ footprint for ~52% of the financing portfolio with a focus on the corporate book and project finance (incl. emissions-intensive sectors) NORD/LB is one of the world's leading financiers of renewable energies (~€ 10.5 billion) and sustainable real estate (~€ 4 billion) NORD/LB's Green Bond Programme complies with the Green Bond Principles. Successful first issue of € 500 million Green Senior Preferred Bonds in benchmark size. This means that the current green funding volume totals around € 2.8 billion (Green Pfandbriefe & Senior Bonds) Analysis of selected parts of the portfolio for EU taxonomy compliance Target: Expansion of the definition of sustainable products to include social suitability criteria Enhancement of the existing ESG guidelines, Human rights officer already started to work Integration of ESG components in target agreements of the board members and leading employees Formalise and strengthen internal governance and organisation on the topic of ESG -> ESG Strategy implemented Definition and collection of key performance indicators (KPI and KRI) for internal sustainability management reporting ESG training for the Managing Board, managers and employees on ESG topic was implemented as part of an ESG Academy Integration of ESG risks in key elements of the risk framework, in particular risk strategy, risk inventory and risk appetite Anchoring ESG aspects in the credit process and credit risk 11 NORD/LB#12Sustainability at NORD/LB ESG Framework and Sustainable Loan Framework (SLF) The ESG Framework of NORD/LB Pe The ESG framework supports business decision-making at all levels and provides a frame of reference for how NORD/LB intends to deal with business opportunities and risks related to direct and indirect sustainability impacts. The ESG framework includes explicit provisions on business exclusions. These include pornography, controversial weapons, shipwrecking, the construction of new coal-fired power plants, the construction of new hydroelectric power plants and dams in areas worthy of protection, and online gambling. In addition, general industry-specific regulations are defined for business activities in order to implement minimum ESG standards in the relevant areas. For implementation, ESG policies exist for the following business areas: ESG Policy Agriculture ESG Policy Mining, Metals, Oil and Gas " ESG Policy Fisheries & Farming ESG Policy Aircraft Finance and Real Estate ESG Policy Timber industry and processing as well as paper production ESG Policy Palm oil ESG Policy Armament The SLF of NORD/LB Pē Through the implementation of the Sustainable Loan Framework, NORD/LB has a methodology and associated procedures for the internal classification of financing as "sustainable loans". The Sustainable Loan Framework was developed on the basis of NORD/LB's existing Green Bond Framework, the EU taxonomy and with the help of NORD/LB expert input and is constantly being further developed. The classification of "sustainable" loans is carried out through a multi-stage process based on internally defined eligibility criteria. In a first step, the SLF comprises ecological criteria and will be expanded in further stages to include social and governance criteria. NORD/LB Sustainable Loan Framework der NORD/LB Gruppe Friedrichswall 10 30159 Hannover Deutschland Note: In the case of business transactions relating to renewable resources which take place outside the high-income OECD states or outside the European Union, NORD/LB takes into account the "Performance Standard 6 Biodiversity Conservation and Sustainable Management of Living Natural Resources" of the International Finance Corporation of the World Bank where necessary. In the case of business transactions relating to non-renewable raw materials which take place outside the high-income OECD states or outside the European Union, NORD/LB also takes into account the "Environmental and Social Risk Briefings" of the UNEP FI Initiative on the relevant sectors, where necessary. Finanzgruppe 12 NORD/LB#13Sustainability at NORD/LB Sustainability at NORD/LB What we have already achieved Strategies In consultation with our stakeholders, we have drawn up a climate, data and transition strategy in general outlines Project Set up the "CARE" project, among other things to implement the extensive regulatory requirements for sustainability Governance Signing of the German 0000 ** financial sector climate agreement and resolution of the ESG governance model ම Sustainability Board Establishment of a bank-wide information centre with an expert working group on sus- tainability topics as well as centres of expertise Frameworks Integration of a Sustainable Loan Framework and a Green Bond Framework into the Bank's processes as well as ESG guidelines Our goals and ambitions Strategies Development of the current climate strategy into a bank- wide sustainability strategy Employees Establishment of an ESG Academy with training and qualification offers as well as expansion of the ESG centres of expertise Transition paths Development of transition paths for sector decarboni- sation for the most emission- intensive sectors and defi nition of net zero targets A Taxonomy Introduction of the EU Taxonomy: Determination of the Green Asset Ratio and Taxonomy Disclosure Control Regular reporting and transparency creation through a sustainability KPI dashboard E ΓΚΡΙ Finanzgruppe 13 NORD/LB#14Sustainability at NORD/LB NORD/LB's commitment to sustainability With its sustainable financing, NORD/LB is making a steadily growing contribution to financing the green economy and is active in the area of social and environmental sustainability. NORD/LB supports in particular customers in the energy and agricultural sectors, from the social and healthcare sectors and commercial real estate finance. Real estate financing Under our Deutsche Hypo brand, our commercial real estate financing covers the entire green value chain - in particular through financing by means of green loans, around 1/4 of which are green real estate €17.4bn¹ Renewable energies NORD/LB has been a pioneer in the financing of renewable energies and infrastructure projects for over 30 years, primarily in the areas of wind energy, photovoltaics and battery storage ~€11bn¹ Infrastructure In terms of infrastructure projects, we focus on the following areas: Social infrastructure, transport and digital infrastructure ~€6.2bn¹1 Aircraft financing Founding member and driving force in the Impact on Sustainable Aviation Alliance. Focus on innovations in propulsion technologies and new types of aircraft (e.g. sustainable aviation fuels, electrified aircraft, etc.) Value creation potential from the field to the socket. The field of renewable energies enables Agricultural Banking agricultural entrepreneurs to open up new fields of activity and to reduce CO2 emissions, e.g. by building a biogas plant, a photovoltaic system or new energy-saving technologies THE GLOBAL Memberships and commitments COMPA Signatory of €3.1bn¹ €2.5bn¹ WE SUPPORT UNEP FRINCIPLES FOR FINANCE INI AVL 1 as at 30 September 2023 Finanzgruppe RESPONSIBLE BANKING VU KLIMA-ALLIANZ HANNOVER 2035 14 charta der vielfalt Klimaschutz-Selbstverpflichtung des Finanzsektors Für Diversity in der Arbeitswelt NORD/LB#15Sustainability at NORD/LB Sustainability is successfully integrated into the operational business activities of the NORD/LB Group Integrating sustainability into our core business is our key lever for securing the future orientation and competitiveness of the NORD/LB Group, our customers and our business partners in the long term. 2012 Implementation of first ESG¹ guidelines for the lending business 2016 2018 Group Sustainability Publication of the Group Sustainability Group Sustainability Report in Report according to the accordance with the GRI Standards GRI G4 guidelines.² 2021 Implementation of a Sustainability Boards for the strategic integration of sustainability into the Bank's supply chain First NORD/LB Green Pfandbrief 2013 Signing of the UN Global Compact First Group Sustainability Report according to the GRI guidelines³ Implementation of further Guidelines for the lending business 2017 2020 First Green Pfandbrief of Deutsche Hypo Placement of green unsecured bonds and promissory note loans as private placements Taking up green time deposits Signing of the "Principles for Responsible Banking First "Lettre de Gage énergies renouvelables (Luxembourg Renewable Energy Pfandbrief) 2022 Signing of the Climate Protection Commitment of the German Financial Sector 2023 First Green Senior Preferred Bond in Benchmark Format 1 Environmental, Social and Governance 2 Global Reporting Initiative (GRI) guidelines, standard version G4 Finanzgruppe 15 NORD/LB#16Sustainability at NORD/LB NORD/LB's Green Bond Programme and Green Loan The NORD/LB Green Bond Programme Pe The NORD/LB Green Loan ....was expanded in 2023 to include the market segment Renewable Energies By implementing the Green Loan product, NORD/LB is strengthening its role as a competer business partner for financing energy-efficient buildings: Consideration in margin design Already four Green Pfandbriefe issued (2017, 2018, 2021, 2022), " each with a volume of € 500 million (benchmark) Incentivising sustainable properties ■ More than € 880 million in Green Senior Preferred Bonds - (benchmark 2023, € 500 million) or green term deposits Establishing and expanding a loyal, sustainable/green green investor base and complies with the Green Bond Principles ...is the platform for the "Green Pfandbrief" product under the brand of the Association of German Pfandbrief Banks (vdp) and has a high quality of credit and sustainability ratings; there active contribution to the content of the brand since 2017 Furthermore: Exclusion of controversial tenants Classification of the green building based on various criteria, with emphasis on: Energy consumption and demand Year of manufacture Certification Distance to local public transport Soil sealing Building fabric Furthermore: Exclusion of controversial tenants Further information on sustainability and the Green Loan: https://www.nordlb.de/die-nordlb/nachhaltigkeit https://www.nordlb.de/die-nordlb/nachhaltigkeit/green-banking GERMANY Grüner Pfandbrief SINCE MADE IN UALITY MADE 1769 ** Finanzgruppe ...features a Second Party Opinion (SPO) from ISS ESG The Green Bond Principles 16 NORD/LB#17Sustainability at NORD/LB The enhanced Green Bond Framework The expanded Green Bond Framework now also includes renewable energies. Assets Solar PV (photovoltaic) EU Taxonomy UN SDG Goals 4.1. Electricity generation using solar photovoltaic technology AFFORDABLE AND CLEAN ENERGY Wind (on- and offshore) 4.3. Electricity generation from wind power Battery Storage 4.10. Storage of electricity Green Buildings 7.7. Acquisition and ownership of buildings AFFORDABLE AND CLEAN ENERGY 13 CLIMATE ACTION 13 CLIMATE ACTION AFFORDABLE AND CLEAN ENERGY 13 CLIMATE ACTION SUSTAINABLE CITIES AND COMMUNITIES ■ The updated framework continues to comply with the Green Bond Principles of the International Capital Markets Association (ICMA) ■ Outlook: NORD/LB aims to continue to develop its framework in the future by including further asset classes. ■ NORD/LB took part in the ECB Climate Stress Test 2022, which was carried out by 104 institutes, whereby only 41 institutes (including NORD/LB) had to determine the complete stress test projections for the various climate scenarios with a forecast horizon of up to 30 years. NORD/LB achieved an above-average result here Finanzgruppe 17 NORD/LB#18Agenda 10 01 02 - 03 50 04 NORD/LB at a glance Sustainability in the business model Finanzgruppe 05 News from 9M2023 Results the business segments Appendix 18 NORD/LB#199M2023 Results 9M2023 highlights Best Nine-Months-Result since the beginning of the transformation Upswing in revenues while maintaining cost discipline Additional risk provisions for management adjustment Negative impacts from non-operating items decline significantly Launch of Project,fitt' - implementation of the new Bank Steering IT Finanzgruppe 19 NORD/LB#209M2023 Results Transformation on track - strength across key financials Revenues, in €m Net commission income 951 " Net interest income 147 783 112 804 671 9M 2022 9M 2023 Cost-income ratio, in % 101% 69% 9M 2022 9M 2023 Finanzgruppe Positive interest-rate environment boosts net interest income Net commission income benefits from new business and lower expenses for guarantees Earnings before taxes, in €m 31 253 9M 2022 9M 2023 CET-1 ratio, in % 0.6 Cost-income ratio shows sustained improvement thanks to strong revenues 14.6 14.8 20 20 30 Sep 2022 30 Sep 2023 Solid operating business development Gradual decline in transformation expenses Potential of the business model becomes visible reported incl. recognition of 3Q result Capital strengthened through profit retention RWA growth in line with expansion of business activities NORD/LB#219M2023 Results Operationally profitable - non-operating items less relevant 9M2023, in €m 1,035 (p.y. 847) -706 (p.y. -721) -34 (p.y. 98) -42 (p.y. -192) 253 (p.y. 31) 328 (p.y. 126) Operating revenues¹ Expenses² Operating profit before risk provisioning and non- operating Items Risk provisions Non-operating items Earnings before taxes 30 Sep 23 Total revenues excl. non- operating items Administrative expenses plus expenses from restructuring and transformation Incl. €41m allocation to management adjustment³ Positive 3Q effect from investments offset by certain fair value effects 1 Income excluding interest rate-related and valuation-related effects as well as one-off and recurring effects that are not related to the original banking business 2 Administrative expenses and result from restructuring and transformation 3 Additional allocation related to Management Adjustment as of 31 Dec 2022 Note: Minor deviations may occur due to roundings Finanzgruppe 21 NORD/LB#229M2023 Results Portfolio quality remains at a high level - additional buffer reinforced Development of risk provisions 9M2023, in €m Additions Total -34 Private & Comm. Customers 0 Corporate Cust. & SBN -39 Markets Energy and Infrastructure Aviation SCPO Commercial Real Estate -69 Other NPL ratio, in % 0.7 0.7 -1 30 Sep 2022 30 Sep 2023 Finanzgruppe 0 2 Recoveries 30 44 Management Adjustment, in €m 300 260 77 66 107 I Private & Comm. Customers Corporate Cust. & SBN 103 7 SCPO 6 Commercial Real Estate 103 79 6 6 30 Jun 2023 30 Sep 2023 Risk reduction from transformation is sustainable Broad sector diversification while concentration and cluster risks are being avoided Stable Non-Performing Loan ratios across all portfolios, moderate increase in real estate 22 NORD/LB#239M2023 Results - Successful transformation – risks substantially reduced Total assets as of 30 Sep, in €bn 165 2017 120 113 2022 2023 9M consolidated profit, in Єm 2017 228 Finanzgruppe 2023 195 Total Risk-Weighted Assets as of 30 Sep, in €bn 52 39 42 42 2017 2022 2023 Similar result with significantly lower risks 23 NORD/LB#249M2023 Results Strong capital base and liquidity CET1 ratio Total capital ratio MREL ratio² 17.4% 15.4% incl. 3Q-result¹ 13.9% 9.3% 14.8% reported Requirement NORD/LB Leverage ratio 3.0% 5.5% Requirement NORD/LB 1 Incl. earnings after taxes and 3Q2023 changes in OCI 2 based on risk-weighted assets Finanzgruppe Requirement NORD/LB 20.4% 43.9% Requirement NORD/LB Liquidity coverage ratio Net stable funding ratio 100% 129% 115% 100% Requirement NORD/LB Requirement NORD/LB 24 24 NORD/LB#259M2023 Results Outlook: Significant improvement in full year earnings vs. 2022 Supporting the economy and society as 'Bank for the energy transition' Managing macroeconomic and cyclical challenges Maintaining our defensive risk policy Seizing tailwinds - sustainably strengthening profitability Switching to semi-annual reporting Finanzgruppe 25 25 NORD/LB#26Agenda 10 01 02 - 03 NORD/LB at a glance Sustainability in the business model Finanzgruppe 50 04 05 9M2023 Results News from the business Appendix segments 26 NORD/LB#27News from the business segments Positive results in key core segments Operating segment results*, in €m 45 208 -22 143 34 104 512 Private & Commercial Corporate Customers Customers & Savings Banks Markets Energy and Infrastructure Aviation Finance Commercial Real Estate Total Operating Segments Network Customers (7 30 Sep 2023 30 Sep 2022 45 208 34 143 -22 104 512 -19 197 59 165 30 92 524 Influenced by valuation effects in the previous year and impact from guarantees * Profit before risk provisioning and taxes Note: Minor deviations may occur due to rounding Finanzgruppe 27 NORD/LB#28News from the business segments Segments at a glance Exposure at Assets by segments 1,2 as at 30 Sep 2023 €89.2bn Default Risk provisions Revenues Private/Commercial Custo- €8.0bn €0m €228m mers 100% 19% 20% 4% 10% ■Private and Commercial Customers Corporate Customers & Savings Bank Network €40.9bn €-39m €344m 8% Corporate Customers & Savings Bank Network ■ Markets 39% ■Special Finance Markets Special Finance €0m €119m €20.4bn €29m €247m ■Commercial Real Estate Commercial Real Estate €17.4bn €-69m €168m SCPO (Special Credit and Portfolio Optimization) SCPO (Special Credit and Portfolio Optimization) €3.5bn €44m €-7m 1 Slight deviations may occur due to rounding 2 Excluding treasury/consolidation/other and reconciliation (with these items the segment assets amount to €112.9bn) Finanzgruppe 28 NORD/LB#29News from the business segments Positioning as the Bank of the Energy Transition Corporate Customers in Єm 9MQ23 Revenues Markets Special Finance 9M22 in €m 9M23 9M22 in €m 9M23 9M22 344 304 Revenues 5 RP1 119 0 147 Revenues 247 87 1 RP1 29 41 RP1 -39 Arranging sustainable promissory note mandates for energy suppliers (€ >300 million) Support for agricultural entre- preneurs in the expansion of renew. energiesSupporting energy suppliers in the expansion of renewable energies (€ 650 million) Implementation of flexible financing modules in the value chain of the food industry (>€ 200 million) ■ Intensification of syndicated business with savings banks 1 Risk provisioning Positioning as a sustainable product provider Mortgage Pfandbrief issue: € 500 million, 31 years; more than four times oversubscribed at € 2.1 billion ■ Green Pfandbrief issue: € 500 million, 5 years, order book more than five times over-subscribed with almost 100 individual orders and over € 2.7 billion ■ 2nd rank in the Inspiratia Infrastructure- as well as in the Energy-Lender League Tables 2022 Financing of national and international wind-, solar- and battery storage-projects Top infrastructure projects especially in digital infrastructure, social housing and primary care ■ Active membership as a foun- ding member and driving force in the Impact on Sustainable Aviation Alliance 2 BREEAM is a rating system for ecological and sociocultural aspects of the sustainability of buildings 3 The WELL Building Standard measures, assesses and monitors building characteristics that impact health, well-being and productivity Finanzgruppe 29 Commercial Real Estate in €m 9M23 9M22 Revenues 168 144 16 ☐ RP1 -69 Our green banking strategy is showing growing success, especially in the financing of sustainable buildings. We cover the entire green value chain, including financing by green loans Satellite Nine 4: Modernisation of a Hamburg office building with almost 13,700 m² of leasable space in St. Georg; BREEAM² certification is planned Varso Place: Mixed-use ensemble including offices, hotel, retail, gastronomy; BREEAM2 (outstanding) and WELL3 (Gold) certified NORD/LB#30News from the business segments Private & Commercial Customers: Firmly rooted in the home region 9930 Exposure by industry¹ 100% 11% 15% 36% 1 Jan - in €m¹ as at 30 Sep 2023 Exposure at Default €8.0bn Expenses Result² Risk provisions 30 Sep 2023 - 1 Jan 30 Sep 2022 Revenues 228 150 183 - 169 45 - - 19 0 Earnings before taxes 45 2 22 ■Land, housing 27% Public administration ■ Private households 11% 1 Slight deviations may occur due to rounding 2 Result before restructuring, reorganisation and taxes Finanzgruppe Other service industry ■ Other industries 30 ■ We offer all private and commercial customers in the business region of Braunschweigische Landessparkasse (BLSK) and as NORD/LB in Hanover, Hamburg, Bremen and Oldenburg tailor-made advice and sell financial products and services. ■ In private banking we are excellent specialists for inheritance and foundation management, portfolio management and individual asset management. ■ Our range is supplemented by the services of our partners such as Öffentliche Versicherung Braunschweig and Versicherungsgruppe Hannover as well as all the companies in the strong savings bank network NORD/LB#31News from the business segments Corporate Customers & Savings Bank Network: together a strong partner for small and medium-sized enterprises 1 Jan - in €m¹ 9930 Exposure by industry¹ as at 30 Sep 2023 Exposure at Default €40.9bn 30 Sep 2023 1 Jan- 30 Sep 2022 Revenues Expenses Result² - 344 136 304 208 - 108 197 100% Risk provisions Earnings before taxes - 39 5 169 202 18% 13% ■ Manufacturing industry Energy, water, mining and construction ■ Trade, maintenance and repairs 13% ■ Agriculture, forestry and fishing 10% ■Transport/communications 36% 5% 5% ■Financing institutes/insurance companies ■ Service industries/other 1 Slight deviations may occur due to rounding 2 Result before restructuring, reorganisation and taxes Our customers benefit from our in-depth and recognised expertise in agricultural banking, the energy and food industry, leasing companies, acquisition finance and as a service provider for payment transactions/ cash management and trade finance Our broad product expertise (including working capital management, debt purchase, syndicated loans, digital promissory notes and risk management) enables us to react flexibly to volatile developments in the market environment and to support our clients as a financial partner in the best possible way With tailor-made ESG-based and green financing solutions for our medium-sized corporate customers in bilateral and syndicated lending business as well as promissory notes, we facilitate sustainable and responsible action We provide the giro central function for the savings banks in Lower Saxony, Saxony-Anhalt, Mecklenburg-Western Pomerania and Schleswig-Holstein and are a partner in the syndicated loan business of savings banks for corporate customers We support municipalities with a focus on the S-Group region in financing and nationwide in the derivatives business Finanzgruppe 31 NORD/LB#32News from the business segments Markets: Regular, successful benchmark issues Revenues Expenses 1 Jan - 30 Sep 2023 119 1 Jan- 30 Sep 2022 - 147 88 in €m¹ Accompanied benchmarks First nine months of year 2023 (selection) NORD/LB NORD/LB NORD/LB € 500,000,000 2.875% Pfandbrief € 500,000,000 € 3.125% Pfandbrief € 500,000,000 € 4.875% Green Senior Preferred Jan 2023 March 2030 Joint Lead Feb 2023 Feb 2026 Joint Lead July 2023 July 2028 Joint Lead BANCO BPM € 500,000,000 3,870% Covered Bond Sept 2023-Sept 2026 Joint Lead Result² Risk provisions Earnings before taxes - 85 34 59 0 1 34 60 HYPO NOE € 500,000,000 3.625% Covered Bond Aug 2023 March 2026 Joint Lead Northrhine-Westphalia €2,500,000,000 2.75% LSA € 1,000,000,000 3.125% Covered Bond Apr 2023 Oct 2028 Joint Lead Northrhine-Westphalia €2,500,000,000 2.9% LSA Nationwide Building Society € 1,000,000,000 3.625% Covered Bond Mar 2023 - Mar 2028 Joint Lead rentenbank €1,500,000,000 3.25% Senior Unsecured Jan 2023 Jan 2032 Jan 2023 Jan 2053 Joint Lead Joint Lead March 2023-Sep 2030 Joint Lead RBC € 500,000,000 3.500% Covered Bond July 2023 July 2028 Joint Lead BPCE € 750,000,000 3.375% Green Covered Bond June 2023 June 2033 Joint Lead Extensive, customised range of money and capital market products in the private placement segment ■ Issuer of covered bonds (public, mortgages), including green bonds and lettres de gage (covered bonds under Luxembourg law) as well as bearer bonds, promissory note loans and money market paper ■ Successful positioning as lead manager/arranger in the placement of bond issues, especially in covered bonds ■ International refinancing programmes³: € 25 billion EMTN, € 10 billion Euro CP programme and € 4 billion Negotiable European CP programme ■ As at 30 September2023: The NORD/LB Group has € 9.5 billion in ECB- eligible unencumbered/free securities and promissory notes, of which € 9.0 billion are held by NORD/LB AÖR 1 Slight deviations may occur due to rounding 2 Result before restructuring, reorganisation and taxes 3 NORD/LB AÖR (single entity) Finanzgruppe 32 NORD/LB#33News from the business segments Special Finance: Energy and infrastructure financing Exposure by industry¹ 100% as at 30 Sep 2023 Exposure at Default €17.3bn Revenues Expenses Result² 1% 7% ■ Education Digital infrastructure in €m¹ 1 Jan - 30 Sep 2023 1 Jan - 30 Sep 2022 235 242 - 91 - 77 143 165 Risk provisions - 1 - 4 Earnings before taxes 142 161 ■ Health 38% 12% ■ Photovoltaik 3% 15% Other energy (incl. battery storage) Other infrastructire (incl. legacy) ■Social housing 6% 11% ■Transportation 4% 3% Wind (onshore) ■Wind (offshore) Energy: We have been pioneers in financing renewable energy projects since the mid-1990s. We have financed over 1,000 projects (mainly wind and photovoltaic) in Germany as well as numerous European markets, the Americas and Asia-Pacific. In the financing of battery storage, we look back on projects totalling more than 1,000 megawatts, thus providing holistic support for the energy transition Infrastructure: For more than twenty years, we have been one of the leading financiers of infrastructure projects that meet the basic needs of our society. We are active in several sectors, with particular focus and expertise in the areas of: social infrastructure, digital infrastructure as well as transport. Our competent and dedicated team prides itself on its client-centric and innovative approach to financing and, as a signatory to the UN Principles for Responsible Banking (PRB), ensures that projects deliver long-term social and environmental benefits 1 Slight deviations may occur due to rounding 2 Result before restructuring, reorganisation and taxes Finanzgruppe 33 NORD/LB#34News from the business segments Special Finance: Aircraft financing Sector breakdown Aircraft portfolio incl. guarantees¹ 100% as at 30 Sep 2023 Exposure at Default €3.1bn in €m¹ Revenues Expenses Result² Risk provisions Earnings before taxes 1 Jan - 30 Sep 2023 - 12 34 - 22 30 83 1 Jan - 30 Sep 2022 66 - 36 30 46 764 ■ Narrowbodies 5% 11% 21% Widebodies 40% ■Regional Jets ■Freighter 8% ■ Turboprop 15% Other 1 Slight deviations may occur due to rounding 2 Result before restructuring, reorganisation and taxes 3 Includes negative imputed valuation effects (approx. € -30.1 million) in connection with the guarantee from the state of Lower Saxony and guarantee fees. 4 Includes positive imputed valuation effects (approx. € +38.8 million) as part of the guarantee from the state of guarantee from the state of Lower Saxony and guarantee fees Finanzgruppe 34 NORD/LB has been successfully active in the international aircraft financing market for more than 40 years. With our financing, we promote mobility and support global passenger and freight transport ■ We have a broadly diversified portfolio with more than 300 aircraft and (spare) engines. In addition, there is a portfolio of corporate loans for airlines and leasing companies, among others ■ Within the framework of our extensive structuring and financing expertise, we offer our clients a wide range of products. The focus is on operating leases and finance leases as well as portfolio transactions and direct loans ■ Focus on modern and more fuel-efficient aircraft types to enable sustainable and economical concepts in the aviation industry. NORD/LB is a founding member of the "Impact on Sustainable Aviation Alliance" ■ Under the guarantee of the State of Lower Saxony, around 10 per cent of the total portfolio is covered NORD/LB#35News from the business segments Commercial Real Estate: Focus on Germany Country breakdown¹ 100% as at 30 June 2023 Exposure at Default €17.4n in €m¹ Revenues Expenses Result² 1 Jan - 30 Sep 2023 - 168 65 104 1 Jan - 30 Sep 2022 144 - 52 92 Risk provisions Earnings before taxes - 69 35 16 108 7% 6%1% 6% ■ Germany ■Benelux ■ UK ■France 57% 23% ■ Spain ■ Other The commercial real estate financing business appears on the market under the "Deutsche Hypo" brand, thus representing more than 150 years of history, which is continued from the integrated Deutsche Hypothekenbank Customer benefits: Tailor-made financing concepts and individual, qualified advice with broad know-how from various segments and the most important real estate markets in Europe Financing mainly of office and commercial buildings, shopping centres, hotels, logistics buildings and multi-storey residential buildings in preferred conurbations with a correspondingly good tenant structure and good cash flow Financing in Europe with focus on Germany. Furthermore financing of commercial real estate in France, UK, Benelux, Poland, Spain and Austria Green Banking: Completion of the product range by financing of green buildings 1 Slight deviations may occur due to rounding 2 Result before restructuring, reorganisation and taxes Finanzgruppe 35 NORD/LB#36News from the business segments SCPO (Special Credit and Portfolio Optimization): Portfolios further reduced SCPO-Reduction portfolios 1,2 100% 18% 4% 59% 1 Jan - in €m¹ as at 30 Sep 2023 Exposure at Default €3.5bn 30 Sep 2023 Revenues Expenses Result² Risk provisions - 7 15 Earnings before taxes 1 Jan - 30 Sep 2022 - 24 - 22 - 44 213 - 31 $55 29 264 ■ Ships 19% Housing ■ Supra-regional municipal financing Corporate and agricultural customers ■ Since the end of 2020, the reduction portfolio has been managed in the Special Credit and Portfolio Optimization (SCPO) unit. Since then, the exposure has been reduced from € 9 billion to around € 3.5 billion as at 30 September 2023 ■ The shipping portfolio has been almost completely reduced. At the end of September 2023, it totals € 129 million ■ In addition non-core loans from housing (€0.6 billion as at 30 September 2023 / € 2.7 billion as at 31 December 2020) and supra- regional municipal financing (€ 2.1 billion / € 2.5 billion) as well as non- strategic parts of corporate and agricultural customers (€ 0.6 billion / € 2.2 billion) were further reduced as planned 1 Slight deviations may occur due to rounding 2 Result before restructuring, reorganisation and taxes 3 Includes negative imputed valuation effects (approx. € -20.9 million) in connection with the guarantee from the state of Lower Saxony and guarantee fees 4 Includes negative imputed valuation effects (approx. € -34.9 million) in connection with the guarantee from the state of Lower Saxony and guarantee fees Finanzgruppe 36 NORD/LB#37Agenda 10 01 02 - 03 04 50 NORD/LB at a glance Sustainability in the business model Finanzgruppe 50 05 9M2023 Results News from the business Appendix 37 segments NORD/LB#38Appendix Commercial real estate portfolio: 30.09.2023 Regional and Asset class distribution, in €m 9,971 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,589 2,000 1,000 Others Logistics Retail Residential Office ■ Average loan duration of 4-5 years with a range of 3-10 years ☐ Mainly fixed interest rates, loans with floating interest rates require hedging for a substantial part of their value No real estate financing in the USA With their management adjustment, NORD/LB has made extensive provisions to be able to react to an economic weakness in the real estate sector 1,211 956 875 659 Germany Netherlands Great Britain France Poland Others Finanzgruppe 38 38 Exposure at Default (Mio. €) Average LTV (%) NPL-Ratio (%) Management Adjust. (Mio. €) 17.380 51,24 1,55 102,9 NORD/LB#39Appendix Income statement of NORD/LB Group (IFRS) 1 Previous year's figures adjusted Finanzgruppe 1 Jan- 1 Jan.- Change Income statement [in €m] 30 Sep 30 Sep [in %] 2023 2022¹ Net interest income 804 671 +20 Net commission income Profit/loss from fair value management 147 112 +31 Risk provisions -36 -69 -48 -34 98 >100 Disposal profit/loss from financial instruments not measured at fair value through profit or loss 14 -31 >100 Profit/loss from hedge accounting 20 5 >100 Profit/loss from shares in companies 10 5 +100 Profit/loss from investments accounted for using the equity method 4 37 -89 Administrative expenses -675 -655 +3 Other operating profit/loss 31 -75 >100 Earnings before restructuring, transformation and taxes 283 97 >100 Profit/loss from restructuring and transformation -31 -66 69 -53 Earnings before taxes 253 31 >100 Income taxes -58 6 >100 Consolidated profit/loss 195 37 >100 Other comprehensive income (OCI) 302 367 -18 Comprehensive income for the period under review 497 404 +23 39 NORD/LB#40Appendix Selected balance sheet items of NORD/LB Group (IFRS) 1 Previous year's figures adjusted Finanzgruppe Balance sheet data (in €m) 30 Sep 31 December 2023 20221 Change (in %) 112,878 109,325 +3 Total assets Financial assets at fair value through other comprehensive income 10,921 10,633 +3 Financial assets at amortised cost 88,428 86,033 +3 of which: loans and advances to banks 14,078 12,890 +9 of which: loans and advances to customers 71,447 69,968 +2 Other assets 3,538 2,726 +30 Financial liabilities at amortised cost 96,706 93,342 +4 of which: liabilities to banks 30,054 28,403 +6 of which: Liabilities to customers 45,029 45,308 -1 of which: securitised liabilities Provisions Other liabilities Equity (on balance sheet) 40 21,453 19,423 +10 2,269 2,433 -7 -716 -1,027 -30 6,815 6,300 +8 ထ NORD/LB#41Appendix NORD/LB exposure by business segment and region Exposure by rating¹ as at 30 June 2023 €116.9bn 100% 1%1% 1% 11% 4% 2% ■ Very good to good ■Good / satisfactory ■Reasonable / satisfactory Increased risk ■ High risk 80% 1 Slight deviations may occur due to rounding Finanzgruppe Very high risk ■Default (NPL) 41 Exposure by region¹ as at 30 June 2023 €116.9bn 100% 2% 1% 5% 7% 15% 0 70% North America ■Middle and South America, Middle East/Africa Asia/Australia ■Germany Euro countries (without Germany) ■Other Europe NORD/LB#42Appendix Composition of the MREL¹ funds MREL as at 30 Sep 2023 €19.2bn in €m MREL-TREA²: 43.94 per cent (Minimum requirement: 20.35 per cent) MREL-TREA (subordinated): 39.45 per cent (Subordinated debt requirement: 20.35 per cent) MREL-LRE³: 16.25 per cent (Minimum requirement: 7.11 per cent) MREL-LRE (subordinated): 14.59 per cent (Subordinated debt requirement: 7.11 per cent 1 Minimum Requirement for own funds and Eligible Liabilities 2 Total Risk Exposure Amount 3 Leverage Ratio Exposure Finanzgruppe 42 Senior unsecured non-preferred; 9,369 Own funds; 7,264 Deposits (not covered, not preferential); 283 Senior unsecured preferred; 1,858 Subordinated debt; 395 NORD/LB#43Appendix Financial calendar What When Year-end results 2023 00 0 March 2024 (as at 31 December 2023) 25 26 19 Finanzgruppe 43 NORD/LB#44Appendix Essential links Finanzgruppe ogo Declaration on the German Corporate Governance Code: https://www.nordlb.com/legal-notices/corporate-governance श्री NORD/LB's protection scheme https://www.nordlb.com/legal-notices/security-mechanisms Sustainability (reports, ratings) https://www.nordlb.com/nordlb/sustainability https://www.nordlb.com/nordlb/sustainability/green-banking NORD/LB managing board and supervisory board https://www.nordlb.com/nord/lb/committees-and-executive-bodies NORD/LB Annual, Interim and Disclosure reports and other publications www.nordlb.com/reports 44 NORD/LB#45Appendix Contact NORD/LB Norddeutsche Landesbank - Girozentrale - Corporate Communications & Investor Relations Friedrichswall 10 30159 Hanover [email protected] www.nordlb.de/www.nordlb.com Friedrich Karl Strödter Head of Investor Relations friedrich [email protected] Tel.: +49 511 361-3878 Mobil: +49 176 15 29 01 34 Gender-sensitive language NORD/LB is committed to diversity and tolerance. This should also be expressed in the language we use. We therefore refrain from using the generic masculine wherever possible, in which other genders are "included". Instead, we prefer to use neutral formulations or double nouns. If this is not possible in individual places, we point out that the corresponding formulations expressly include all genders. Finanzgruppe 45 45 Jonas Sachs Investor Relations [email protected] Tel.: +49 511 361-5128 Mobil: +49 176 15 29 00 01 NORD/LB#46Appendix Additional Information (I/II) This presentation (hereinafter referred to as the,,Information") was drawn up by NORDDEUTSCHE LANDESBANK - GIROZENTRALE -(,,NORD/LB"). The competent supervisory authorities for NORD/LB are the European Central Bank (,,ECB"), Sonnemannstraße 20, D-60314 Frankfurt am Main, and the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht -,,BaFin"), Graurheindorfer Str. 108, D-53117 Bonn, and Marie-Curie-Str. 24-28, D-60439 Frankfurt am Main. Details about the extent of NORD/LB's regulation by the respective authorities are available on request. Generally, this Information or the products or services described therein have not been reviewed or approved by the competent supervisory authority. This Information is addressed exclusively to recipients in Germany (hereinafter the,,Relevant Persons" or ,,Recipients"). The contents of this Information are disclosed to the Recipients on a strictly confidential basis and, by accepting this Information, the Recipients agree that they will not forward to third parties, copy and/or reproduce this Information without NORD/LB's prior written consent. This Information is only addressed to the Relevant Persons and any persons other than the Relevant Persons must not rely on the information in this Information. In particular, neither this Information nor any copy thereof must be forwarded or transmitted to Japan, Canada or the United States of America or its territories or possessions or distributed to any employees or affiliates of Recipients resident in these jurisdictions. This Information is not an investment recommendation/investment strategy recommendation, but promotional Information solely intended for general information purposes. For this reason, this Information has not been drawn up in consideration of all statutory requirements with regard to the impartiality of investment recommendations/ investment strategy recommendations. Furthermore, this Information is not subject to the prohibition of trading before the publication of investment recommendations/ investment strategy recommendations. This Information and the information contained herein have been compiled and are provided exclusively for information purposes. This Information is not intended as an investment incentive. It is provided for the Recipient's personal information, subject to the express understanding, which is acknowledged by the Recipient, that it does not constitute any direct or indirect offer, recommendation, solicitation to purchase, hold or sell or to subscribe for or acquire any securities or other financial instruments nor any measure by which financial instruments might be offered or sold. All actual details, information and statements contained herein were derived from sources considered reliable by NORD/LB. For the preparation of this Information NORD/LB uses issuer-specific financial data providers, own estimates, company information and public media. However, since these sources are not verified independently, NORD/LB cannot give any assurance as to or assume responsibility for the accuracy and completeness of the information contained herein. The opinions and prognoses given herein on the basis of these sources constitute a non-binding evaluation of NORD/LB. Any changes in the underlying premises may have a material impact on the developments described herein. Neither NORD/LB nor its governing bodies or employees can give any assurance as to or assume any responsibility or liability for the accuracy, adequacy and completeness of this Information or any loss of return, any indirect, consequential or other damage which may be suffered by persons relying on the information or any statements or opinions set forth in this Information (irrespective of whether such losses are incurred due to any negligence on the part of these persons or otherwise). Past performances are not a reliable indicator of future performances. Exchange rates, price fluctuations of the financial instruments and similar factors may have a negative impact on the value and price of and return on the financial instruments referred to herein or any instruments linked thereto. In connection with securities (purchase, sell, custody) fees and commissions apply, which reduce the return on investment. An evaluation made on the basis of the historical performance of any security does not necessarily give an indication of its future performance. This Information neither constitutes any investment, legal, accounting or tax advice nor any representation that an investment or strategy is suitable or appropriate in the light of the Recipient's individual circumstances, and nothing in this Information constitutes a personal recommendation to the Recipient thereof. The securities or other financial instruments referred to herein may not be suitable for the Recipient's personal investment strategies and objectives, financial situation or individual needs. Finanzgruppe 46 NORD/LB#47Appendix Additional Information (II/II) Also this Information as a whole or any part thereof is not a sales or other prospectus. Correspondingly, the information contained herein merely constitutes an overview and does not form the basis for an investor's potential decision to buy or sell. A full description of the details relating to the financial instruments or transactions which may relate to the subject matter of this Information is set forth in the relevant (financing) documentation. To the extent that the financial instruments described herein are NORD/LB's own issues and subject to the requirement to publish a prospectus, the conditions of issue applicable to any individual financial instrument and the relevant prospectus published with respect thereto as well NORD/LB's relevant registration form, all of which are available for downloading at www.nordlb.de and may be obtained, free of charge, from NORD/LB, Georgsplatz 1, 30159 Hanover, shall be solely binding. Any potential investment decision should at any rate be made exclusively on the basis of such (financing) documentation. This Information cannot replace personal advice. Before making an investment decision, each Recipient should consult an independent investment adviser for individual investment advice with respect to the appropriateness of an investment in financial instruments or investment strategies as contemplated herein as well as for other and more recent information on certain investment opportunities. Each of the financial instruments referred to herein may involve substantial risks, including capital, interest, index, currency and credit risks, political, fair value, commodity and market risks. The financial instruments could experience a sudden substantial deterioration in value, including a total loss of the capital invested. Each transaction should only be entered into on the basis of the relevant investor's assessment of its individual financial situation as well as of the suitability and risks of the investment. NORD/LB and its affiliates may, for their own account or for the account of third parties, participate in transactions involving the financial instruments described herein or any underlying assets, issue further financial instruments having terms that are the same as or similar to those governing the financial instruments referred to herein as well as enter into transactions to hedge positions. Such actions may affect the price of the financial instruments described in this Information. To the extent the financial instruments referred to herein are derivatives, they may involve an initial negative market value from the customer's point of view, depending on the terms and conditions prevailing as of the transaction date. Furthermore, NORD/LB reserves the right to pass on its economic risk from any derivative transaction it has entered into to third parties in the market by way of a mirror image counter-transaction. Further information on any fees which may be included in the sales price is set forth in the brochure ,,Customer Information Relating to Securities Transactions" which is available at www.nordlb.de. The information set forth in this Information shall supersede all previous versions of any relevant Information and refer exclusively to the date as of which this Information has been drawn up. Any future versions of this Information shall supersede this present version. NORD/LB shall not be under any obligation to update and/or review this Information at regular intervals. Therefore, no assurance can be given as to its currentness and continued accuracy. By making use of this Information, the Recipient shall accept the foregoing terms and conditions. NORD/LB is a member of the protection scheme of Deutsche Sparkassen-Finanzgruppe. Further information for the Recipient is set forth in clause 28 of the General Terms and Conditions of NORD/LB or at www.dsgv.de/sicherungssystem. ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ NORD/LB's use of data from MSCI ESG Research LLC or its affiliates ("MSCI") and the use of MSCI logos, trademarks, service marks or index names herein does not constitute sponsorship, endorsement, recommendation or promotion of NORD/LB by MSCI. MSCI services and data are the property of MSCI or its information providers and are provided "as is". MSCI names and logos are trademarks or service marks of MSCI. Finanzgruppe 47 NORD/LB