Nordea Kredit Performance Update

Capital Significant buffer to capital requirements Capital position and requirements (%) 16.6% 6.3% 6.3% 20.9% 10.3% -0.3% 2.0% 2.5% -1.0% 4.5% CET1 ratio Q2 2022 CET1 requirement Total capital ratio Q2 2022 Actual CCyB O-SII CCOB Pillar 2 requirement Minimum CET1 requirement 14.6% +0.4% 2.0% -0.3% 1.5% 10.3% Own funds requirement 24 *Decided increases of CCyB buffer rates: Norway from 1.5% to 2.0% in Q4 2022 and 2.5% in Q1 2023, Denmark from 0% to 1.0% in Q3 2022, to 2.0% in Q4 2022 and 2.5% in Q1 2023 and Sweden from 0% to 1.0% in Q3 2022 and to 2.0% in Q2 2023. OSII buffer to increase from 2.0% to 2.5% in Q1 2023 . CET1 capital ratio 16.6% • • - 6.3 percentage points above regulatory requirement - - Capital policy of 150-200bp management buffer above regulatory requirement (MDA level) CET1 buffer of 6.3 percentage points Corresponds to EUR 9.5bn MDA level expected to increase in 2022 and 2023 following decided increases in countercyclical capital buffer rates and O-SII buffer* Good progress on share buybacks - Third EUR 1.5bn program approved by the ECB in July Nordea

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