Fourth-quarter Financial Highlights 2023

Capital excellence Normalised capital position - strong capital generation Capital generation and uses of capital 2024-2025 Available for shareholder returns and bolt-on M&As - Capital Increase in equity capital policy to remain at policy level Excess capital YE2023 Capital requirements Retail models & Basel IV Growth incl. Norwegian Cumulated 2024-25 profit acquisition Shareholder returns supported by strong capital generation EUR 17-18bn Share buy-backs Year Average quarterly capital generation, bp 2017-2019 ~40 • Implied target CET1 ratio of ~15% - Management buffer adjusted to 150bp above regulatory requirement Normalised CET1 requirement - REA inflation of EUR ~16bn from new retail models and Basel IV Outperform in capital returns Strong capital generation. Steady progression in dividend per share unchanged dividend policy - Capital level optimised 2021-2023 via share buy-backs Future excess capital generation returned to shareholders via regular share buy-backs Dividends Executed buy-backs 4 2024 2025 2022-2023 2020-2022 2023-2025 Paid dividends 6 23 * Indicative, based on 15% RoE and current dividend policy ~50 Net capital generation Dividend accrual ~80-90* Nordea

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