Nordea Kredit Performance Update

Asset & Wealth Management Total income up despite market turbulence and lower assets under management Total income, EURm +5% • 319 346 295 306 311 • 20 19 19 26 28 262 287 311 283 272 14 13 15 11 Q221 Q321 Q421 Net fee and commission income Net interest income Assets under management, EURbn 45 Q122 Q222 Net fair value result and other -7% 384 393 411 389 356 Q221 . Total income up 5%, driven by better asset management margins and higher net interest income Assets under management down 7% to EUR 356bn • Net inflow of EUR 1.3bn (annualised 1%) during quarter Record-high net flows in Private Banking across Nordics despite market turbulence Cost-to-income ratio 42% Cost-to-income ratio*, % +1pp 47 45 11 41 41 42 42 Q321 Q421 Q122 Q222 Q221 Q321 Q421 Q122 Q222 Nordea * With amortised resolution fees

View entire presentation