Investor Presentaiton

58 Sweden: PMI and economic sentiment declining from high levels Sweden: Economic sentiment and GDP 7.5 5.0- 2.5 0.0 -2.5 -5.0- -7.5 -10.0 2008 2010 2012 2014 2016 2018 2020 2022 - Economic sentiment indicator (NIER) (hö axel) ■GDP, % q/q (vä axel) Sweden: PMI 75 - 130 70 120 65 110 60- 100 55 50 90 45 80 40 70 35 60 60 30 NIER survey declining from all-time high.. Strong expectations main contributor while current conditions are at more moderate levels SEB Nordic Outlook May 2022 2008 2010 2012 2014 2016 2018 2020 2022 - Manufacturing -Services Composite • PMI has declined slightly from a peak in April 2021 75 70 65 60 55 50 45 40 35 50 30 SEB

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