Fourth-quarter Financial Highlights 2023

17 Higher target following strong performance | Raising the bar further Strategic agenda reaffirmed Well equipped for sustainable high performance 2025 financial target Return on equity >15% Assumes CET1 requirement of 15%, including management buffer Rates assumed to normalise at ~2% Supported in 2025 by Cost-to-income ratio 44-46% Loan losses Normalised ~10bp annually Capital and dividend policies 60-70% dividend payout ratio; excess capital distributed through buy-backs Management buffer of 150bp above regulatory CET1 requirement

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