First Quarter 2022 Investor Presentation

Swedish implementation of MREL requirements according to BRRD2 MREL requirement vs current position 31 March 2022, % of REA SEK 217bn CBR 6.6% SEK 284bn 6.6% SEK 274bn 7.1% Senior debt 4.6% Senior non- preferred debt Subordination requirement vs current position 31 March 2022, % of REA SEK 215bn 4.6% Senior non- preferred debt THE ME SEK 225bn SEK 187bn 6.6% CBR 6.6% Capital base 19.7% 22.6% 27.7% 27.2% 21.4% Leverage-based Risk-based Leverage-based Actual Own funds & eligible liabilities Target 1 Jan 2022 Requirement 1 Jan 2024 Target 1 Jan 2022 Risk-based 21.4% Capital base 13.5% 22.6% 19.7% 27.2% Risk-based Leverage-based Risk-based Leverage-based Actual Own funds & eligible liabilities Requirement 1 Jan 2024 • • On 18 October 2021, the Swedish Resolution Authority published its new MREL policy under BRRD2 • MREL requirement will be the higher of: - Risk-based: 2 x (P1+P2R) + CBR - Ccyb + P2G Leverage-based: 2 x Minimum Leverage ratio (3%) • Subordination requirement will be the higher of: Risk-based: 2 x (P1+P2) Leverage-based: 2 x Minimum Leverage ratio (3%) • Combined Buffer Requirement (CBR) is added on top of risk-based MREL and risk-based subordination requirements Requirements will be phased in, with full compliance no later than 1 January 2024. To date, SEB has issued c SEK 40bn in senior non-preferred debt SEB

View entire presentation