IBOS Business Development Meeting Ulster Bank, May 21-22, 2015 Alan Scheller

Nordea is the largest financial services group in the Nordic and Baltic Sea region Nordea = Nordic ideas 11 million customers - 8 home markets - Approx. 10 million personal customers - 530 000 corporate customers, incl. Nordic Top 500 Distribution power - Approx. 700 branch office locations Approx. 7 million netbank customers International units in Beijing, London, Frankfurt, New York, Singapore Financial strength - EUR 10.2bn in full year income (2014) - EUR 669.3bn of assets (Q4 2014) - EUR 29.8bn in equity capital (Q4 2014) - AAA credit rating - Common Equity Tier 1 capital ratio of 15.7% (Q4 2014) EUR ~46.3bn in market cap Feb 2015 - One of the largest Nordic corporations - A top-10 European retail bank

Market Cap Development EURbn 2010 2011 2012 2013 2014 13 Feb 2015 1. Santander 2. BNP Paribas 3. Lloyds 4. Barclays 6. BBVA 7. Nordea 8. SocGen 9. Unicredit 10. RBS 11. Intesa 12. Credit Agricole 13. DnB NOR 14. SHB 15. SEB 17. Erste 19. KBC 20. Commerzbank 16. Danske 18. Swedbank 66,0 57,0 52,2 37,2 34,0 32,8 30,0 29,9 26,7 25,7 22,8 17,1 14,9 13,6 13,3 9,1 7,0 13,4 12,1 1. Santander 2. BNP Paribas 3. BBVA 4. Deutsche 5. Barclays 7. Lloyds 6. Nordea 9. RBS 8. Intesa 11. SHB 10. SocGen 13. DNB 12. Unicredit 14. Swedbank 18. Commerzbank 16. SEB 20. KBC 15. Credit Agricole 17. Danske 19. Erste 50,3 36,7 32,8 24,2 25,7 27,3 21,3 13,4 14,3 12,7 21,0 12,3 12,4 11,6 6,7 5,3 3,5 9,9 9,1 10,9 1. Santander 2. BNP Paribas 3. Lloyds 4. Barclays 5. BBVA 6. Deutsche 7. Nordea 9. SocGen 8. RBS 11. Intesa 10. Unicredit 13. DNB 12. SHB 14. Credit Agricole 18. KBC 16. SEB 20. Commerzbank 15. Swedbank 17. Danske 19. Erste 63,0 52,9 41,6 30,7 37,9 39,6 29,3 21,4 22,1 20,2 24,3 15,6 16,8 15,2 10,3 9,5 8,4 14,0 12,9 14,1 1. Santander 2. BNP Paribas 3. Lloyds 4. Barclays 5. BBVA 6. Nordea 7. Deutsche 9. Unicredit 8. SocGen 11. RBS 10. Intesa 13. Swedbank 12. Credit Agricole 14. SHB 18. Danske 16. SEB 20. Erste 15. DNB 17. KBC 19. Commerzbank 73,7 70,5 67,7 39,7 51,8 52,7 35,4 27,8 31,1 25,2 33,7 23,2 23,3 22,3 16,8 13,3 10,9 20,8 17,2 21,1 1. Santander 2. Lloyds 3. BNP Paribas 4. Barclays 5. BBVA 6. Nordea 7. Intesa 9. RBS 8. Deutsche 11. SocGen 10. Unicredit 13. SHB 12. Credit Agricole 14. Swedbank 18. KBC 16. Danske 20. Erste 15. SEB 17. DNB 19. Commerzbank 88,0 69,7 61,4 38,9 49,0 51,8 38,4 31,3 32,4 28,2 34,7 24,1 27,7 23,4 19,4 12,5 8,3 22,7 19,9 22,8 1. Santander 2. Lloyds 3. BNP Paribas 4. Barclays 5. BBVA 6. Nordea 7. Intesa 9. RBS 8. Deutsche 11. SocGen 10. Unicredit 13. SHB 12. Credit Agricole 14. Swedbank 18. KBC 16. SEB 20. Erste 15. DNB 17. Danske 19. Commerzbank 88,4 72,6 60,3 46,3 52,9 57,1 44,7 32,4 33,4 30,9 38,9 25,3 30,8 24,3 21,5 13,1 10,0 22,9 22,6 23,2 5. Deutsche 36,3 Source: Thomson Reuters Datastream

What’s hot ? New boss in Transaction Products – with insight into partner banking - of which we (Cash Management Sales & Solutions) are a part Simplification – ”do the right things and do them right” Digitilization – E-branch banking, customer on line video meetings, mobile banking for households and corporates, SWIPP (via mobile, account to account immediate payments to/from many banks in Denmark) Core banking system – one ledger leading to One Bank, approx 5 years; ”all” development ressources devoted to this project leaving little room for other developments DZero as AHB – on a selective basis, in EUR out of Finland, allocation of overnight line on Vostro costs us capital

Cash Management awards in 2014 and 2015 In 2014 and 2015 Nordea Cash Management has received the following awards from Treasury Management International and Global Finance: Nordics: Best Bank for Cash & Liquidity Management 2014 Best Bank for Payments & Collections 2014 Best Bank for Financial Supply Chain Management 2014 Best Bank for Cash Management 2015 in the Nordic region Best Bank for Cash Management 2015 in Sweden