Q1 2022 Results Presentation

Cost Trajectory Returning to Normal Levels Operating Expenses and Cost to Income Ratio / +27% headline increase in costs during Q1 2022 to $159m from a combination of consolidation of BBE as well as the Group returning to a more normal level of activity Operating Expenses, $m 125 +27% 159 44 Bank ABC 37 15 Other Cost Relentless focus on cost discipline and 10 continuing investments into the Group's Premises & Equipment digital transformation and strategic initiatives 100 Staff Cost 78 Cost to income ratio reflects 'flat jaws' and the continuing levels of investment into the Group's digital initiatives Q1'21 Q1'22 C/I ratio Normalized 63% 65% C/I Ratio 55% 57% (ex-Digital) 6

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