Q4 2023 Financial Update

Capital Reasons for management capital buffer Sensitivity to currency fluctuations Sensitivity of Swedish pension surplus to interest rates 43 I SEK EUR ☐ DKK GBP USD Other NOK 60 Pension liabilities 9% 50 40 36% 30 44% Share of credit risk REA 20 20 10 0 2021 2022 2023 ...& general macroeconomic uncertainties. Impact of +5% SEK vs. other currencies is 50bps on CET1 ratio Impact of -50 bps discount rate correspond to -20bps of REA - at current level of net pension assets, impact would be absorbed by surplus SEB

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