Investor Presentaiton

MREL strategy and issuance plan Interim MREL target (incl. CBR) Distance to interim MREL target ■ MREL target was communicated in April 2021 and is in line with Group's expectations 22.76% of RWAs1. 0.90% CBR 3.25% 17.27% MREL target (incl. CBR) Extended transitional period until 1 January 2026 in order to reach the final MREL target (in line with the Greek banking system). ■ A binding interim target of 14.02% of RWAs¹ must be met by 01 January 2022. ☐ Currently no subordination requirements. Alpha Bank's MREL strategy for 2021 Alpha Bank is committed to fully abide to regulatory thresholds as to MREL interim and final targets set. Alpha Bank intends to issue capital (own funds instruments) from Holdco and senior instruments from Opco to get capital benefit and funding cost optimization. ■ The two Tier II transactions placed in the market form part of this commitment. ■ Based on the Business Plan of the Bank, a benchmark senior preferred transaction is envisaged for H2 2021. 1| The combined buffer requirement (CBR) applies on top of MREL target Interim MREL Target 14.02% 14.02% MREL target CBR MREL Target 16.40% MREL GAP Total Capital Ratio OpCo Group H1 2021 (pro-forma including Share Capital Increase) 47 ALPHA SERVICES AND HOLDINGS

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