Investor Presentaiton

Accounting asymmetry impacting net interest income Treasury interest rate differential (in € mln) WB Financial Markets (in € mln) 33 36 359 443 47 349 18 282 287 267 261 26 184 120 346 452 43 176 345 215 -102 -137 19 27 -234 -225 78 50 47 -141 2Q2022 3Q2022 4Q2022 NII Other 1Q2023 2Q2023 2Q2022 3Q2022 NII 4Q2022 1Q2023 2Q2023 Fees I Investment & Other Treasury benefited from favourable market opportunities through money market and FX transactions ■ These activities had a negative impact on net interest income, which was more than offset by a positive impact in other income ■ The magnitude of this accounting asymmetry depends on the volume of trades and the interest rate differential between euro and other currencies (mostly US dollar) Financial Markets benefited from good client flow and market volatility, supporting total income Increasing interest rates led to higher funding costs, resulting in a reduction in net interest income, while other income, related to the opposite position, rose significantly This accounting asymmetry is more pronounced in a positive rate environment and is also influenced by product mix developments 20 20

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