Fourth-quarter Financial Highlights 2023

Net fair value result Market-making and treasury down after very strong Q422 8 Net fair value result, EURM -61% 396 345 117 97 290 445 62 225 17 7 154 24 260 234 211 206 194 -12 -47 -5 Q422 Q123 Customer areas* Q223 Q323 Q423 Treasury & other** Market-making operations Excludes fair value adjustments to loans held at fair value in Nordea Kredit **Includes valuation adjustments and FX • • • Continued solid customer risk management activity, driven by FX and rates products Market-making down, driven by falling market rates Treasury negatively affected by lower valuations of bond portfolios and hedge inefficiencies, driven by rate volatility Nordea

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