Strategy 2030: Investments to Future-Proof SEB

68 Baltic SEB in the Baltics Second largest bank in terms of lending market share in the Baltic region Estonia Latvia Lithuania 17% Other 28% 33% # FTEs (including division and service centers in SEB AB) # offices 1,103 2,011 2,893 22% Luminor 9% 15 22 22 20% 25% 29% SEB # customers 486,000 464,000 877,000 21% Operating profit as % of total group 4% 2% 5% 38% 25% 31% Swedbank Credit exposure as % of total credit portfolio 2.6% 1.3% 2.9% Estonia Latvia Lithuania Credit portfolio growth EUR bn Corporate & property mgmt Households Source: Estonian Financial Supervision Authority, Association of Latvian Commercial Banks, Association of Lithuanian Banks, Q1 2022 Strong development of profitability and efficiency SEK bn 15 0.52 Business equity 0.50 0.50 0.51 Return on business equity -C/I 0.44 6.4 6.0 6.9 7.2 7.7 8.1 10 5.5 5.2 5.1 5.0 5.2 0.41 0.40 0.39 0.40 0.35 24.4% 22.6% 24.5% 25.1% 18.6% 19.3% 5 12.9% 14.5% 16.8% 22.3% 8.6 8.7 8.6 8.6 9.4 10.3 10.8 10.6 10.9 10.7 11.0 9.7% 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 YTD 2022 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021YTD 2022 2020: Business equity increased due to updated credit risk models in Q1 2011-2018: Excluding Real Estate Holding Companies 2011: Write-back of provisions of SEK 1.5bn SEB

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