Fourth-quarter Financial Highlights 2023

Costs Costs in line with plan: up 2% excluding write-offs Year-over-year bridge, EURM 9 1,417 +2% 177 1,212 5 24 4 1,240 51 46 - Q422 Underlying Tech & risk costs M&A Regulatory FX mgmt. integration fees investments costs Q423 Intangible Q423 asset including write-offs write-offs Quarter-over-quarter bridge, EURm 1,194 42 13 1,417 +4% 177 1,240 24 7 Q323 Underlying Tech & risk costs mgmt. M&A integration FX Q423 Intangible asset investments costs write-offs Q423 including write-offs • - Costs excluding write-offs up 2%, driven by integration costs and inflation - Underlying costs driven by salary inflation and higher business activity Continued additional investments in technology and risk management in line with plan - M&A integration costs related to proposed acquisition of Danske Bank's personal customer business in Norway Intangible asset write-offs primarily due to change in treatment of development costs related to digital services Nordea

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