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Investor Presentaiton

Opening up a world of opportunity Group targets, dividend and capital policy Our Strategy Asia Wealth Digital Business Services Financials Adjusted costs of ≤$31bn in 2022 on Dec 2020 average FX rates Costs RWAS <$30bn using FY20 average FX rates, a $1bn increase in our cost reduction target Plan to keep costs broadly stable from 2022, while increasing the proportion of technology spend Gross RWA reduction of >$100bn by end-202221 Whilst allocating more capital and tangible equity to WPB and Asia, away from the US and NRFB CET1 ratio ≥14% Capital Dividends Manage in a 14-14.5% range over medium-term; manage range down further long-term 20 Sustainable cash dividends Transition towards a payout ratio of 40-55% from 2022 onwards³ Dividends could be supplemented by buybacks or special dividends, over time and not in the near-term 65 We will no longer offer a scrip dividend option, and will pay dividends entirely in cash We will not be paying quarterly dividends during 2021 but will consider whether to announce an interim dividend at 1H21 results66 ROTE ≥10% over the medium-term 41

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