Investor Presentaiton

Executive summary - Group income statement performance QoQ net profit reconciliation (EUR m) YoY net profit reconciliation (EUR m) +145.6% • . . -11.5% 533 [63] 127 86] 472 80 587 138 [55] 783 8 Q3 21 Operating Operating Risk costs Other income expenses result 1,136 721 183 242 1,923 Taxes on Minorities income Q4 21 2020 Operating Operating Risk costs Other income expenses result Taxes on Minorities 2021 income Q4 21 net result slightly down due to seasonally higher costs, higher provisioning and accelerating operating income growth Operating income benefits from strong NII growth and another record fee income quarter (asset management) Operating expenses up due seasonally higher marketing and legal/consulting costs as well as higher personnel costs (bonus accruals, employee share programme) • • • Yoy net profit growth primarily driven by substantially higher operating income and significant decline in risk costs Operating income benefits from broad-based macro recovery, translating into strong fee performance (double digit increases in payment services, asset management and brokerage fees) Record minorities charge due to strong profitability at savings banks ERSTES Group Page 7

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