Nordea Kredit Performance Update

Capital excellence Reducing capital excess - path to normalisation CET1 capital ratio and requirement CET1 ratio CET1 requirement +150-200bp ~15% ~12% Dividends & share buy-backs CCyB, systemic risk, other Pre COVID-19 During COVID-19 Capital generation and uses of capital (bp) 2021 2022-25 480 700 1,000 65 280 $100萬 65 Net -60bp Excess capital Normalisation above policy of capital Basel IV first phase Capital Annual generation dividends Second buy-back programme Organic growth requirements 25 * Pending regulatory approval ~15-16% Normalised conditions ~2025 ~200 - 300 -100 . • Normalised CET1 requirement Continued reactivation of countercyclical capital buffers and buffers for systemic risk Regulatory requirement expected to settle around 13%; up to additional 1% allowance for prudence - Management buffer of 150-200bp above regulatory requirement - Implied CET1 ratio of 15-16% Focus on capital excellence Capital deployment for profitable growth - Capital efficiency initiatives - Excess capital returned to shareholders Capital initiatives incl. model approvals* Bolt-on M&A and buy-back potential incl. contingency Nordea

View entire presentation