Strategy 2030: Investments to Future-Proof SEB

15.0 Sweden: Riksbank hiked by 50bps in June and 100bps in September with further hikes expected in next six months Sweden: Inflation CPIF, year-on-year percentage change 15.0-CPI Sweden: Interest rate outlook Repo rate, % 3.5. 12.5 -CPIF ex. energy SEB 12.5 3.0- -CPIF forecast 2.5 10.0 10.0 2.0 7.5 7.5 1.5- 5.0 5.0 1.0 2.5 2.5 0.5- SEB forecast 0.0 0.0 0.0 - -Riksbank rate path -2.5 -2.5 -0.5 -Market pricing 2019 2020 2021 2022 2023 2024 2022 2023 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 -0.5 2024 SEB Nordic Outlook August 2022 60 SEB

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