Financial Performance Highlights

Healthy revenue generation and expense management Growing and healthy revenue base ■ Total revenues continue to grow strongly with a CAGR of 7% between 2016 and 2020. Q1 2021 revenue grew by 16% versus Q1 2020. Highest growth achieved in revenues from lending activities and markets (investments) in 2020 and continues in Q1 2021. Revenue composition since 2015 constitutes an average of 75% coming from lending activities, with commissions at 18% and markets at 7%. All values in USD millions Operating Expenses remain under control, with prudent efficiency policies ☐ ☐ Operating expenses remain well managed and growing at a slower pace compared to revenue, with focus on capitalizing on synergies across subsidiaries. Efficiency ratio improved by ~5% in Q1 2020 versus Q1 2020. Over the last 5 years, staff costs comprise 47% of expenses, depreciation at 11%, and rent & occupancy at 7%. Other operating expenses split across several categories, with no concentration. Total Revenue Loans Markets Revenue Commissions Investment Banking Operating Expenses Efficiency Ratio (Excl. Dep) Operating Expenses CAGR +2% CAGR +7% 247 50.6% 1% 219 9% 46.3% 197 43.1% 44.3% 43.5% 43.5% 189 190 16% +15% 37.9% 61 53 33 69.7 63.6 64.4 67.8 64.4 74% 15.2 16.3 2016 2017 2018 2019 2020 Q1 2020 Q1 2021 2016 2017 2018 2019 2020 Q1 2020 Q1 2021 23

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