Strategy 2030: Investments to Future-Proof SEB

46 Cover pool characteristics: only Swedish residential mortgages in SEB's cover pool Cover pool 30 Sep 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019 . • Total residential mortgage assets (SEK bn) 714 688 653 613 Weighted average LTV (property level) 48% 47% 52% 51% Number of loans ('000) 762 766 759 737 Number of borrowers ('000) 431 437 432 428 Weighted average loan balance (SEK '000) 937 899 872 831 Substitute assets (SEK '000) 0 0 0 0 Loans past due 60 days (bps) 5 4 4 5 Net Expected Credit Losses (bps) 0 0 0 0 Overcollateralisation level 117% 133% 81% 73% Only Swedish residential mortgages, which historically have had very low credit losses More concentrated towards single family homes and tenant- owned apartments, which generally have somewhat higher LTVs On parent bank SEB AB's balance sheet contrary to major Swedish peers All eligible Swedish residential mortgages are directly booked in the cover pool on origination, i.e. no cherry picking Covered bonds are issued by SEB AB and investors have full and dual recourse to the parent bank's assets as well as secured exposure to the cover pool SEB runs a high overcollateralisation level SEB

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