Market Leader with Potential for Further Penetration

Our Shareholder Focus • Raising our 2023 ROTE guidance to >17% Highly Profitable . ROTE of >13% in 2025 • ROTE of >16% on 15% CET1 ratio4 in 2025 Highly Capital Generative • Expected to generate 200-250 bps per annum of CET1 pre distributions Current CET1 ratio 15.2%1, expected to increase significantly • Committed Dividend resumed after 12 years, paid out of 2022 profits to Shareholder distributions • . Payout ratio building prudently and progressively towards 30-50% on adjusted recurring profitability² Accruing 30% payout ratio³ for 2023 (equivalent to 8% yield) 1) 2) 3) Includes unaudited/unreviewed profits for 1Q2023 and for compliance with CRR an accrual for an estimated final dividend at a payout ratio of 30% of the Group's adjusted recurring profitability in line with the Group's approved dividend policy. Any recommendation for a dividend is subject to regulatory approval Profit after tax before non-recurring items (attributable to the owners of the Group) taking into account distributions under other equity instruments such as the annual AT1 coupon. For compliance with CRR an estimated final dividend at a payout ratio of 30% of the Group's adjusted recurring profitability was accrued in line with the Group's approved dividend policy. Any recommendation for a dividend is subject to regulatory approval 4) CET1 ratio for 2025 expected to be at c.19% 59

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