Investor Presentaiton

37 AML, Crypto and Russia risks in check Financial authorities strengthen their controls of risky financial activities Direct exposure to Russia, Ukraine and Belarus is negligible, representing only 0.01% of the total loan portfolio of Estonian banks • A new regulation to reduce risks associated with Virtual Asset Service Providers (VASPS) came into force on 15 June 2022 with the following changes: • Additional minimum capital and audit requirements, reporting requirements and stricter rules for operations • Stricter rules have resulted in the number of licenses dropping to 53 as of 31 December 2023 from 381 on 31 December 2021 • The Estonian Financial Supervision and Resolution Authority (FSA) will license and supervise VASPs in future according to new draft law (expected to be in 2025) Combating money laundering remains a strategic priority for Estonia's FSA and legislative changes were passed in 2021 to comply with the latest money laundering directive from the European Union (EU 2018/1673) • Since 2022, the FSA has raised capital requirements and tightened housing loan requirements to prevent further risks to the banking system • Swedish banks and US financial companies owned 81.8% of Estonia's banking capital as of Q2 2023 Geographical breakdown of loan portfolio (Q3 2023) Poland 1.1% Latvia 8.8% Lithuania 15.0% Nordic Russia Other 0.6% 0.004% 0.0% Other Europe 1.8% Estonia 72.9% 25% Non-EU deposits (including from the UK) are dropping 6,000 5,000 20% 4,000 15% 3,000 10% 2,000 1,000 5% 0 0% 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Q3 Source: Estonian Financial Supervision and Resolution Authority Non-resident total, EURm (lhs) Non-resident total, share in total deposits % (rhs) -Non-resident outside EU, share in total deposits % (rhs) Source: Estonian Financial Supervision and Resolution Authority REPUBLIC OF ESTONIA MINISTRY OF FINANCE

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