Investor Presentaiton

Interest rate sensitivity Strategy 2023 results Appendix 1 year NII sensitivity At 30 June 2023, assumes a static balance sheet (no assumed migration from current account to time deposits), no management actions from Global Treasury and a simplified 50% pass-through The reduction in NII sensitivity to a (100)bps parallel shift in interest rates, from $(4.0)bn at FY22 to $(2.6)bn at 2Q23 is due to balance sheet evolution, increased structural interest rate hedging and model improvements Currency USD HKD GBP EUR Other $m $m $m $m $m Total $m +25bps (187) 125 140 147 325 550 -25bps 187 (132) (173) (165) +100bps (747) 471 575 -100bps 695 (556) (703) (332) 596 1,273 2,168 (657) (1,383) (2,604) (615) 5 year NII sensitivity At 30 June 2023, assumes a static balance sheet (no assumed migration from current account to time deposits), no management actions from Global Treasury and a simplified 50% pass-through +25bps -25bps +100bps -100bps $m 550 (615) (892) 2,168 3,307 (2,604) (3,909) Year 1 Year 2 Year 3 Year 4 $m 854 1,172 (1,221) 4,523 (5,310) Year 5 Total $m $m 1,409 (1,450) 5,444 (6,188) $m $m 1,595 5,580 (1,647) (5,825) 6,185 21,627 (6,936) (24,947) Revenue offset into non-NII from the central costs of funding trading income The interest expense associated with the central costs of funding trading income is fully offset by trading and fair value income reported in Corporate Centre The NII sensitivity tables incorporate changes in this interest expense relating to the central costs of funding (i.e. the expense incurred by the banking book in funding trading and fair value activities) Not included are the offsetting changes in trading income reported in Corporate Centre, adding additional interest rate sensitivity in non-NII (shown in Banking NII 19 on slide 13) At 2023, c.$130bn of net trading assets* were centrally funded, predominantly at proxy overnight and short term interest rates in our major currencies. Simplistically, a 100bps parallel shift upwards in interest rates would result in +$1.3bn in funding costs, with an offsetting benefit in Corporate Centre non-NII* of +$1.3bn and vice versa for a 100bps parallel downward shift We expect to enhance our Banking NII 19 sensitivity disclosure in due course Trading, fair value and associated net asset balances Trading and fair value income 24

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