1H22 Financial Performance

2 YTD increase of RE exposure to €909mn due to revaluation of the assets based on sale price agreed in SPAS (pro-forma NBV -15%) Evolution of Real Estate Exposure (Єmn NBV) Real Estate Portfolio: Coverage by Asset Type² (€bn;%) 49% % Total 1.9% 1.8% 2.0% 1.5% TOP 20 RE assets represent 60% of the Coverage Assets Ratio portfolio. Of those high- 56% 44% 24% 46% quality assets, 8 are (%) -6% yielding and 3 in advance stage of sales processes 909 0.82 869 Foreclosed 824 GBV 168 REO (net) 701 229 170 Pro-forma excluding Impairment 0.46 0.41 Investment properties & 741 €208mn NBV of Logistic sale 640 654 0.18 announced in May-22 Other NBV 0.12 0.36 0.23 0.05 Land Commercial Residential Other Jun-21 Dec-21 Jun-22 Jun-221 Ex-Logistic portfolio sale Coverage is supported by a robust appraisal policy, individual asset reviews, market pricing (bids received) and yield performance. novobanco 35 (1) Closed in Jul-22; -82% of assets transferred to the buyer; remaining to be transferred once necessary approvals obtained; (2) Figures adjusted to exclude the sale of the logistic portfolio

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