Covered Bond Framework Q1 2021

Nordea covered bond operations Q1 2021 Four aligned covered bond issuers with complementary roles Legislation Cover pool assets Cover pool size Covered bonds outstanding ос Issuance currencies Rating (Moody's / S&P) Nordea Eiendomskreditt Nordea Hypotek Nordea Kredit Nordea Mortgage Bank + Danish Danish residential & commercial mortgages Balance principle EUR 59.1bn (eq.)* Finnish Finnish residential mortgages primarily EUR 23.2bn EUR 21.0bn Norwegian Swedish Norwegian residential mortgages Swedish residential mortgages primarily EUR 17.7bn (eq.) EUR 59.1bn (eq.) EUR 12.9bn (eq.) EUR 41.2bn (eq.) 37% 44% 8%* NOK SEK DKK, EUR Aaa/ - Aaa / - - / AAA Covered bonds are an integral part of Nordea's long term funding operations Issuance in Scandinavian and international currencies ECBC Covered Bond Label on all Nordea covered bond issuance 10% EUR, GBP Aaa / - COVERED BOND LABEL. 4 *The figures in Nordea Kredit only include capital centre 2 (CC2). Nordea Kredit no longer reports for CC1 (RO), as this capital centre only accounts for a minor part (<1%) of the outstanding volume of loans and bonds. Nordea

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