First Quarter 2022 Investor Presentation

63 35 Sweden: budget deficit is declining despite more fiscal measures Sweden: Central government budget balance SEK bn 200 175- 150 125 100 75 50- 25 0 2019 2020 2021 2022 Sweden: Central government debt % of GDP 200 150 1000 50 45 100 40 50 35 0 -50 30 -100 25 -150 20 --200 15 --250 2023 - Deviation from NDO's forecast (LHS) Forecast, National Debt Office (RHS) -Actual (RHS) SEB Nordic Outlook March 2022 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 - Total-Ex relending to the Riksbank SEB

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