Nordea Kredit Performance Update

Covered bonds Nordea covered bond operations Four aligned covered bond issuers with complementary roles Nordea Eiendomskreditt Nordea Hypotek Nordea Kredit Nordea Mortgage Bank + Legislation Cover pool assets Cover pool size* Covered bonds outstanding* OC* Issuance currencies Rating (Moody's / S&P) Norwegian Swedish Norwegian residential mortgages Swedish residential mortgages primarily EUR 20.5bn (eq.) EUR 63.4bn (eq.) EUR 10.8bn (eq.) EUR 34.4bn (eq.) 120% NOK Aaa/ - Included in Nordea Green Framework Issued Green CB's Yes 84% SEK Aaa / - Yes Yes Danish Danish residential & commercial mortgages Balance principle EUR 61.1bn (eq.)** 7%** DKK, EUR - / AAA Finnish Finnish residential mortgages primarily EUR 23.8bn EUR 20.7bn 15% EUR, GBP Aaa/ - Yes Yes (inaugural issue in 2021) Yes (inaugural issue in 2019) Covered bonds are an integral part of Nordea's long term funding operations Issuance in Scandinavian and international currencies COVERED BOND LABEL- All Nordea covered bond issuance entities (MCI's) are covered by Nordea's updated 2021 green bond framework 32 * Reported values as per Q1 2022 ** The figures in Nordea Kredit only include capital centre 2 (SDRO). Nordea Kredit no longer reports for CC1 (RO), as this capital centre only accounts for a minor part (<1%) of the outstanding volume of loans and bonds Nordea

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