Q4 2023 Financial Update

35 55 Credit portfolio and asset quality Real estate clients working on deleveraging activities Average capital structure for large real estate companies as per Q3 2023 Based on SEB's average client (listed real estate companies) Large real estate clients "BBB-rated" or lower (~20% of total real estate exposure) Actions related to SEB's real estate clients since June 2022 Other holdings/JVs Actions taken (Q2-22-Q3-23) Actions taken (Q4-23) Actions available 0% 100% Capital expenditure cuts Asset divestments Equity (~50%) Bond buybacks Hybrids ~80% of equity and liabilities Corporate actions New equity Investment properties Unsecured Bonds Secured Bonds Unsecured short-term bank debt Secured Bank debt Assets Equity and liabilities 1 Representing SEB's share of clients' bond-to-bank refinancing. Suspended dividends Bond-to-bank refinancing 1 SEB Renegotiation of terms and conditions actions Repossessed collateral Going concern Default SEB

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