Q4 2023 Financial Update

53 55 Liquidity and funding SEB's covered bonds and cover pool Outstanding covered bonds, 31 December 2023 Cover pool, 31 December 2023 • 100% Swedish residential mortgages, which historically have had very low credit losses More concentrated towards single-family Moody's rating Aaa Total residential mortgage assets Total outstanding bonds SEK 331bn Number of loans SEK 713bn 748,000 Domestic benchmarks in SEK SEK 239bn Number of borrowers 423,000 • Benchmarks in EUR SEK 86bn Other bonds (non-benchmark) SEK 5bn Weighted average loan balance Substitute assets SEK 953,000 SEK O SEK bn Loans past due >60 days 10bps 400 Net expected credit losses Obps • 300 Amortizing % 68% 200 Weighted average max LTV 50% (property level) 100 OC level 116% • 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 homes and tenant-owned apartments, which generally have somewhat higher LTVs On parent bank SEB AB's balance sheet contrary to major Swedish peers All eligible Swedish residential mortgages are directly booked in the cover pool on origination, i.e., no cherry picking Covered bonds are issued by SEB AB and investors have full and dual recourse to the parent bank's assets as well as secured exposure to the cover pool SEB runs a high over-collateralisation level SEB

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