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Investor Presentaiton

Opening up a world of opportunity Our Strategy Asia Wealth Digital Business Services Financials Focus on our strengths: A focused international business in the US and NRFB US: leading international corporate business and a new wealth management platform CMB and Global Banking 18 Non Ring-Fenced Bank in Europe and the UK: a leaner, simpler operating model RWAS 19, $bn revenue, $bn 1.9 mid single digit CAGR Costs 19, $bn. >(15)% 3.9 3.6 c.(25)% 173 167 Costs 19, $bn c.(20)% 6.9 6.9 2020 Medium- term 20 2019 2020 2022 2019 202021 2022 2019 202021 2022 Key initiatives Key initiatives Continuing to invest in serving internationally-connected wholesale clients Maintaining a leading position in USD clearing, trade and FX and continue to drive outbound revenues ā—† Focusing on an international Wealth platform to connect our clients to the US Wealth market Enhancing a limited number of branches to also serve as wealth management centres for our globally mobile and affluent clients ā—† Exploring organic and inorganic options for the retail banking franchise Focusing on a Wholesale footprint that serves international customers both inbound and outbound to our network, especially Asia and the Middle East Continuing to invest in transaction banking franchise with strong linkage to Asia Simplified operating model with two hubs (London & Paris) with reduced complexity in cost and RWA consumption Continuing with the strategic review of our retail banking operations in France and are in negotiations in relation to a potential sale although no decision has yet been taken. If any sale is implemented, given the underlying performance of the French retail business, a loss on sale is expected 21
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