1. 1 HANSABANK’s Q1 2001 FINANCIAL RESULTS

2. 2 Highlights: Q1 2001 Group LTB privatisation agreement signed on April 23 Total revenues up by 24.3% compared to Q1 2000 Operating expenses up by 23.4% Net profit up by 25.8%, EPS 1.3 euros Cost-income ratio at 46.7% (46.2% in Q1 2000) ROE improved to 27.1% (from 25.4% in Q1 2000) Total capital adequacy 16.8% Hansabank 243,000 hanza.net users Estonia Share of transfers through electronic channels over 90% Retail mortgage portfolio: +46% to EUR 166 million Hansa Capital Loan growth yoy 63.2% Net profit growth yoy 52.6% Cost-income ratio 27.1% Net risk cost at 0.33% of the average portfolio.

3. 3 Highlights: Q1 2001 Hansabank New corporate investment projects worth EUR 42 million, Markets improvement in asset quality. Largest capital raiser in the Baltics: EUR 64 million of equity and debt transactions. Largest custodian, assets EUR 2.2 billion Largest asset manager, EUR 109 million, 30% growth during Q1 2001 Hansabanka ROE at 16.3% (Latvia)Deposits up 66.9% yoy 30,300 hanza.net users Hansabankas Deposits at EUR 85.3 million (Lithuania)Loans at EUR 43.2 million 2,400 hanza.net users

4. 4 Income Statement EUR in millions Q1 2001Q1 2000 Change Net interest income36.927.434.7% Non-interest income24.321.811.2% Total revenues61.249.224.3% Operating expenses32.025.923.4% Provisions, net2.12.2-5.0% Profit before tax27.121.128.8% Net profit26.220.825.8% ROE27.1%25.4% Cost-income ratio46.7%46.2%

5. 5 Revenues EUR in millions Q1 2001Q1 2000 Change Net interest income 36.927.434.7% Fees and commissions, net13.710.926.0% Income from financial operations7.69.4-19.7% Other income3.01.597.5% Total revenue 61.249.224.3%

6. 6 Expenses EUR in millions Q1 2001Q1 2000 Change Personnel expenses13.19.932.2% IT expenses1.91.342.7% Administrative expenses6.05.75.4% Other expenses6.35.220.6% Depreciation4.73.824.0% Total operating expenses 32.025.923.4% Provisions, net 2.12.2-5.0% Other income/(expense), net0.10.0 Tax and minority interest0.90.2 Net profit26.120.825.8%

7. 7 Net Profit by Business Units These numbers represent the results of business units, not legal entitities

8. 8 Balance Sheet EUR in millions Mar 01Mar 00 Change Loans1,8541,30342.3% Deposits1,946 1,375 41.5% Shareholders’ equity405 339 19.5% Total assets3,104 2,215 39.9% Assets under management108 69 23.4% Risk-weighted assets2,250 1,642 37.0% Tier I capital adequacy15.8% 17.5% Total capital adequacy16.8% 19.2% ROA3.5%3.8%

9. 9 Net Profit and Total Assets Net ProfitTotal Assets

10. 10 Strategical Ratios ROENIM

11. 11 Cost / Income RatioNon-interest Margin Strategical Ratios (continued)

12. 12 Risk Management EUR in millions Mar 01Mar 00 Change Loans1,854 1,30342.3% Loan loss reserve (LLR)45 418.6% LLR / Loans2.40% 3.15% Loan write-offs5.63.086.7% Loan recoveries5.71.6256.3% Loans overdue more than 60 days (NPL) 11.820.8 -43.3% NPL / Loans0.65%1.60% Net risk cost*0.00%0.44% * (write offs – recoveries) / average loans

13. 13 Shareholder Value Statement Mar 01Mar 00 Change Share price (EUR)8.58.9-4% Market capitalisation (EUR mil)672701-29 EPS (EUR)1.31.126% P/E6.48.4 P/B1.72.1 Daily turnover (incl. OTC) (EUR mil) 0.911.73

14. 14 EVA by business units EUR in millions Q1 2001Q1 2000 Hansapank Estonia7.610.9 Hansabanka-0.20.5 Hansabankas-0.6-1.0 Hansa Capital4.60.6 Hansabank Markets5.21.2 Group Treasury-1.6-2.3 Group total15.09.9