Nordea Kredit Performance Update

Large Corporates & Institutions Very strong lending growth and high customer activity in volatile markets Total income, EURm +7% 505 529 541 434 454 231 267 262 228 247 167 129 112 115 119 -107 -91 .88 -133 167 Q221 Q321 Q421 Q122 Q222 Net interest income Net fee and commission income Net fair value result and other Lending*, EURbn 44 • . Total income up 7% • Net interest income up 13% and lending volumes up 16% • Commission income lower following weaker capital markets High customer activity and gains related to restructurings driving significant net fair value increase Net loan loss reversals of EUR 14m Return on capital at risk 18% and cost-to-income ratio 38% Return on capital at risk**, % +1pp +16% 51 19 50 18 17 47 13 13 44 44 Q221 Q321 Q421 Q122 Q222 Q221 Q321 Q421 Q122 Q222 Nordea Excluding repos **With amortised resolution fees

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