Investor Presentaiton

Bank of Åland in Brief 4 Bank of Åland Plc MTN Programme Economy and Markets • • A Finnish bank targeting high net worth and affluent individuals • Top ranked in customer loyalty Tradition of stability and very low credit losses 11.6 % ROE and all time high net operating profit of EUR 39.7 M in 2020, despite Covid-19 BBB rating with a positive outlook from S&P EUR 3 bn combined Medium Term Note, Covered Bond, Tier 2 Note and Additional Tier 1 Capital Note Programme dated 12 March 2021 (Finnish Law) Two cover pools: Cover Pool FIN and Cover Pool SWE • Legal LTV cap at 70 % and minimum 2 % over-collateralization Published commitment to a strong over-collateralization and six months liquidity AAA (stable) rating from S&P on both Cover Pool FIN and Cover Pool SWE The Covid-19 has already had and will continue to have its effects on the global economy. The Nordic economies have suffered less than most European peers Before Covid-19 the demand-led Finnish and Swedish economies were growing strongly Finnish house prices have risen moderately compared to the Nordic neighbors. A trend explained by the fast amortizing plans of Finnish mortgages ALANDSBANKEN

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