Nordea Kredit Performance Update

Real estate management industry (REMI) Low relative exposure and well-diversified REMI portfolio REMI as % of total lending, Q1 2022 reports* 28 16 16 13 13 12 6 3 Peer A Peer B Peer C Nordea REMI total REMI Sweden REMI geographic diversification 8% 0% 9% 11% 12% 30% 67% 29% 82% 78% 41% Peer C Peer B Peer A Nordea Sweden Other Nordic Non-Nordic 33% • • Nordea has low share of total lending towards REMI compared with peers Nordea REMI portfolio (EUR 30bn*) is well diversified with low exposure to Swedish REMI lending compared with peers - Nordea exposure 3% vs. Swedish peer average of 13% - High-quality portfolio Our stress tests suggest very limited provisions even from potential large price decreases - Strict underwriting standards with focus on cash flows, diversified businesses in favourable locations and interest rate risk hedging requirements 19 Excluding tenant owners' associations (TOA) Source: company disclosures Nordea

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