1H22 Financial Performance

Moving towards expanding loan book with €2.0bn customer loans originated YTD Theme 4: Growth Loans to Customers: Origination New Distribution Model & Omnichannel • Promote customer relationship: an innovative functional layout focused on customer relationship and an integrated experience (ie: distinctive self- service, employee mobility, digital communication) . • • 3-yr nationwide investment program of ~€120mn Deploying a specialized approach for priority sectors (ie: Agriculture, Tourism, Manufacturing, Retail & Services) • Partnering with specialists to provide our customers a wide range of solutions (ie: EU-funding) • To determine each segment profitability (with strategic implications); ⚫ Dynamic allocation of balance sheet growth between different segments and its capital impact >165 Branches converted (~55% of total) SME representing >65% of Corporate origination Pricing of new loans is subject to RAROC hurdles (€bn; %) Corporate Mortgage Consumer & Other 41% 1.0 1.0 1.0 Reconfiguration 8% 9% 10% 0.8 of Sectorial View 25% 11% 0.6 29% 32% 0.6 27% 12% 8% 35% 35% 66% 62% 58% 61% 57% 53% New Capital allocation model 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 New management team and organization focused to deliver the next stage of novobanco's development, competing as a strong and independent Portuguese corporate and retail bank novobanco 16

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