Investor Presentaiton

Continued focus on sustainability The Bank received strong ESG ratings and aims to be net zero by 2040 AS SUSTAINALYTICS ESG 2024 INDUSTRY TOP RATED Reitun Sustainalytics places Arion Bank in the top 5% of banks (around 1,000 banks globally) and the top 3% of regional banks (around 400 banks). On a scale of 0-100, Arion Bank received 10.5 points, with fewer points signifying lower risk which places the Bank in the low-risk category Arion Bank has achieved the score "outstanding" in Reitun's ESG rating, scoring 90 out of 100 possible points and placing it in category A3. The rating is based on the Bank's performance in environmental, social and governance (ESG) issues in its operations. This is the third year in row the Bank has achieved this score UN environment finance programme initiative Principles for Responsible Banking net-zero banking alliance 1= BUSINESS 1.5°C O AMBITION FOR SCIENCE BASED TARGETS DRIVING AMBITIOUS CORPORATE CLIMATE ACTION ■ Within next two years the Bank will work towards getting SBTI to validate its science-based climate targets Next steps in our sustainability journey Aim to reduce financed emissions in the sectors which have the most impact in line with net zero target by 2040 Have targets on financed emissions validated by SBTi within two years Increase percentage of investment by women A harmonized risk assessment for different sectors and regions with respect to ESG risk and the financial impact on the Bank Implementing CSRD legislation and report on sustainability according to ESRS standards Further engagement with customers regarding sustainability Work according to Arion Bank's Sustainability Policy for the Arctic 13

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