1H22 Financial Performance

5 Execution of the de-risking strategy delivering already Total Capital ratio above 13.5% OCR requirement and building P2G buffer1 CET 1 (phased-in 2:3; Preliminary; %) Tier 1 (phased-in2:3; Preliminary; %) Total Capital Excludes CCA call! 11.8% ~12.4% 8.7% CCyB CCB 2.5% P2R 1.7% P1 4.5% Relief Required CET 1 Jun-22 CET 1 (phased-in 2:3; Preliminary; %) ~14.5% -12.4% 11.8% 13.5% 13.9% 10.8% CCyB CCB 2.5% 2.1% Building P2G buffer¹ of 1.5% CCyB 2.5% CCB P2R 3.0% • 2.3% • Head-Office sale RE assets sale Restructuring funds P2R 6.0% P1 Relief P1 8.0% Relief 11.8% Pro-forma 4 Required Tier 1 Jun-22 Tier 1 Pro-forma 4 Required Jun-22 Total Capital Total Capital Pro-forma 4 Organic capital generation and acceleration of balance sheet deleverage (eg: sale of high-density restructuring funds) to continue strengthen bank's capital position going forward. novobanco (1) P2G of 1.5% applicable as of 1-Jan-23; (2) Preliminary; The inclusion of positive results depends on an authorization from the ECB; (3) On 12-Mar-20 the European Central Bank disclosed several measures that allow Banks to operate temporarily below the required capital level; P2G not included; (4) Pro-forma includes transactions announced after Jun-22: i) the positive impact of c.27bps from the sale of the Lisbon Head Office; ii) SPAs for the sale of RE assets with impact c.13bps; iii) SPA for Restructuring Fund with positive impact c. 25bps 41

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