Slides
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11 Landshypotek Bank Investor presentation - third quarter 2026 2026-10-22
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22 1) Working for a richer countryside 2) Sustainability & ESG 3) Agriculture market overview 4) Housing market overview 5) Financial update 6) Asset quality 7) Capital adequacy 8) Funding, liquidity and cover pool 9) Contacts and financial calendar Table of content
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33 Executive summary: • Low-risk Swedish mortgage bank with a leading position in agriculture and forestry and a strong presence in residential mortgages. • Customer-owned with a long-term governance structure, where profits are reinvested in the bank or returned to the agriculture and forestry sectors. • Sustainability is embedded in the business model, with agriculture and forestry at the core of the bank’s climate and biodiversity strategy. • Conservative credit profile supported by: - 99.9% % of the loan portfolio being first-lien mortgages. - Average LTV of 44%. - 99% of agriculture and forestry customers having personal liability. • Proven credit performance through multiple economic cycles: - Total credit losses since 1985 of SEK 384m. - Average annual credit loss rate of 0.026%. • Strong capital, liquidity and funding position, supported by an AAA-rated covered bond programme.
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Working for a richer countryside 4 In short: Landshypotek Bank’s purpose is to improve the conditions for living, working and doing business in rural Sweden. The bank combines- a leading position in agriculture and forestry with a growing presence in residential mortgages. A low-risk business model is underpinned by strong collateral, low leverage and long-standing customer relationships. Strategic priorities Strengthen our leading position Develop the leading position in agriculture and forestry Grow with customers Expand with existing and new customers across core retail segments Improve efficiency Strengthen profitability and customer value over time
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With the same purpose since 1836 5 • The core offering consists of mortgages for agriculture, forestry and residential properties, as well as savings accounts. • The bank aims to deliver long-term, sustainable financial services and competitive savings terms. • Partnerships and collaborations are selectively used to support the bank’s continued development. • Landshypotek was founded in 1836 to provide competitive financing and financial services to Sweden’s farmers and foresters. • The bank has long-standing expertise in mortgage lending and a deep understanding of the conditions for living and doing business in rural Sweden. • Since 2017, Landshypotek has also challenged the Swedish residential mortgage market by offering competitive mortgage products to households across the country.
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Landshypotek is more than just a bank 6 • Approximately 31,000 agriculture and forestry loan customers are members of Landshypotek Ekonomisk Förening • Landshypotek Ekonomisk Förening is the sole owner of Landshypotek Bank • The ownership structure provides long-term governance and close alignment between the bank and its customers • Profits are reinvested in the bank or returned to the agriculture and forestry sectors • The association also plays an important role in maintaining customer proximity and a long-term perspective in the bank’s development Landshypotek Ekonomisk Förening Democratic ownership, representatives and appraisals Loan customers in Landshypotek BankContributions (4%) of loan value Members Landshypotek Bank
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Position, focus and strategy 7 • One of the ten largest banks in Sweden and the market leader in agriculture and forestry finance, with a market share of approximately 23% • A lending portfolio of approximately SEK 87bn in agriculture and forestry and SEK 33bn in residential mortgages • Since 2017, also a challenger in the Swedish residential mortgage market • Owned by approximately 31,000 agriculture and forestry customers through Landshypotek Ekonomisk Förening • The ownership structure supports long-term governance and customer alignment • Profits are reinvested in the bank or returned to the agriculture and forestry sectors • 99.9% of the loan portfolio consists of first-lien mortgages • Average LTV of 44% • 99% of agriculture and forestry customers have personal liability • S&P Covered Bond rating AAA, S&P issuer rating (long) A, Fitch issuer rating (long) A+ Protect and develop the bank’s leading position in agriculture and forestry Grow with existing and new customers, primarily within the retail market Increase profitability and efficiency for the benefit of both the bank and its customers Market leader and challenger Low-risk business model Circular economy
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88 Sustainability and ESG In short: • Sustainability embedded in the business model • A lending portfolio that stands out – great absorptions and essential emissions • Four material sustainability topics set the agenda – climate change, biodiversity, own workforce and governance • Updated Green Bond Framework to facilitate the transition within agriculture
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99 ESG at a glance Sustainability embedded in the business model • Lending focused on Swedish agriculture, forestry and housing. • Agriculture and forestry are essential for food security, especially in times of geopolitical uncertainty, and play a key role in the biodiversity and climate transition. • Forest and agricultural land provide significant carbon sequestration and a wide range of ecosystem services. • Agriculture and forestry are biological systems influenced by natural factors beyond human control, including weather and climatic conditions. • Agriculture and forestry are part of natural ecosystems and the biogenic carbon cycle, which differs fundamentally from fossil carbon emissions. • Growing forests absorb carbon dioxide, while agricultural emissions are primarily linked to methane from enteric fermentation and manure management. • There is no one-size-fits-all approach. Balancing climate mitigation, climate adaptation, biodiversity and other sustainability objectives is essential. • The updated Green Bond Framework supports transition finance, resilience and biodiversity across both agriculture and forestry.
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Climate and biodiversity 10 Climate transition and nature are core portfolio topics Climate • Climate transition plan with a net-zero target for the lending portfolio by 2045. • Climate risks integrated into credit analysis, pricing and customer dialogue. • Green financing supports emissions reductions, climate adaptation and resilience. • Risks include physical climate risks as well as transition risks related to policy changes (e.g. fossil fuel taxation, carbon pricing and land-use regulation such as LULUCF and the EU Nature Restoration Law) and evolving customer, consumer and investor preferences. Biodiversity • Agriculture and forestry both depend on and affect biodiversity • Biodiversity integrated into customer assessments and green financing • Dedicated biodiversity position paper and customer initiatives
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1111 ESG – From strategy to execution Climate portfolio analysis • Portfolio with a net positive climate impact • Forest carbon sequestration exceeds financed emissions • Customer dialogue and financing support the climate transition and adaptation of agriculture Green Bonds • Outstanding green bond volume (sustainable forestry and agriculture only): SEK 12.4bn (approximately 12% of total financing) • Target to increase green funding by 50% by 2030 vs. 2024 levels (SEK 11.5 billion) • Green bond framework include sustainable forestry, sustainable agriculture, renewable energy and green buildings Climate and Risk Transitions plans • Climate and Risk Transition Plans provide a roadmap for managing climate-related risks and supporting the transition of the portfolio • Define targets, priorities and actions to support the bank's long-term resilience and transition • Integrated into business planning, risk management and customer engagement Own workforce • Balanced gender representation across senior management and governing board • Strong employee engagement (eNPS 38 in 2026)
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1212 Agriculture market overview In short: • Forest profitability has eased slightly due to lower timber prices, although strong prices in recent years have left many forest owners financially well positioned • A better-than-expected harvest, good crop quality and rising prices have improved farm profitability, although higher fuel and fertilizer costs remain a challenge. Well- established winter crops provide a positive outlook for the next season • Dairy producers benefit from rising milk prices and stronger international markets, while beef prices remain firm despite a slight decline. In contrast, pig producers face a more challenging market as weaker EU conditions put downward pressure on prices • Higher energy, fuel and fertilizer costs linked to the conflict in the Middle East are adding uncertainty ahead of next season's input purchases • There is a significant investment need across the entire sector
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Property price development 2005-2025 13 Data source: Ludvig & Co (refers to only open market purchases mediated by Ludvig & Co), SCB • Agricultural property prices rose by 1.2% quarter-on-quarter in Q2, according to SCB, while property sales declined by 24% year-on-year • Forest property market activity weakened in the first half of 2026, with prices rising in southern Sweden but falling in central and northern regions • In 2025, forest land prices increased by 7.1%, led by central Sweden, while growth was weakest in the north. Agricultural land prices were largely unchanged overall, despite regional differences, while maintaining a long-term upward trend across all regions Arable land Forestry +1% +7% 1Y +18% +22% 5Y
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Forestry 14 Timber price trend (Q2 2016 – Q2 2026) Data source: The Swedish Forest Agency, National Institute of Economic Research Economic tendency Forest Industry (Sep 2016 – Sep 2026) • Falling timber prices have slightly reduced profitability, but many forest owners remain financially well positioned due to several years of strong timber prices
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Crops 15 Development grain / fertilizer price ratio (Aug 2017 – Aug 2026) Production (1,000 tonnes) Data source: Swedish Board of Agriculture • The grain-to-fertilizer price ratio rose by 3.3% month-on-month and 2% year- on-year in August, reflecting higher grain prices • Preliminary estimates indicate that grain production in 2026 will be 9% lower than in 2025, while remaining 9% above the average for the preceding five years
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Dairy 16 Development milk / feed price ratio (Aug 2017 – Aug 2026) Production, Sep – Aug (1,000 tonnes) Data source: Swedish Board of Agriculture • The milk-to-feed price ratio remained stable month-on-month in August, despite higher milk prices, but was approximately 28% below its August 2025 level. Milk prices continued to rise, with the preliminary September average up around 8% compared with six months earlier • Milk deliveries continue to perform strongly. Total production increased by 4.6 % past 12 months compared to previous year. Latest three months, production has increased by 2.6 % year to year
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Cattle and Pig 17 Dev. beef/pig / feed price ratio (Aug 2015 – Aug 2025) Production, Sep – Aug (1,000 tonnes) Data source: Swedish Board of Agriculture • Price ratios for cattle and pig producers decreased by 3 % month-on-month due to lower slaughter prices. Compared to August 2025 the beef/feed ratio improved by 18% while pig/feed ratio decreased by 22 % • Past twelve months pig production increased by 3.1 %. In June-August production was 4.6 % higher compared to same period 2025. Beef production increased by 1.4 % over the past twelve months
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1818 Housing market overview In short: • Consumer confidence remains close to historical averages, supported by improved perceptions of economic conditions despite mixed inflation and interest rate expectations • The housing market continues to show a cautiously optimistic trend, with modest price increases
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House price development Q2 2016 – Q2 2026 19 Data source: SCB Houses +2% 1Y +/-0% 5Y • The price increased by 1.8% quarter over-quarter in Q2. Supply has decreased, with 3.2% fewer houses sold in Q2 compared with the same period in 2025 • Persistent demand has supported rising residential property prices in Q2, despite expectations of higher mortgage rates
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The financial situation of the households 2016-2026 20 Data source: National Institute of Economic Research • The Consumer Confidence Indicator rose sharply in September, reaching its highest level since December 2021, while remaining close to its historical average. The increase was driven by more positive assessments of household finances and the Swedish economy compared with twelve months earlier. Forward-looking expectations were largely unchanged, while inflation expectations declined and expected variable mortgage rates increased
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2121 Financial update In short: • Higher net interest income during the third quarter 2026 compared to the same period 2025. • Expenses are higher compared to the same period of 2025. • Credit losses generated a negative net earnings impact of SEK -4 million
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Q3 result 22 * From the fourth quarter of 2025, the resolution fee costs have been moved from net interest income to a new cost line item “Imposed fees.” The comparative figures for the year 2024 have been restated. Landshypotek AB SEKm Q3 2026 Q2 2026 Δ QoQ Q3 2026 Q3 2025 Δ last year YTD 2026 YTD 2025 Δ YoY Net interest income 289 304 -15 289 287 2 886 867 19 Net commission income 7 7 0 7 7 0 20 21 0 Net gain financial items 2 -7 10 2 1 2 3 1 2 Other income 1 2 0 1 2 0 4 4 0 Total income 299 305 -6 299 296 4 914 894 21 Total expenses -142 -171 29 -142 -134 -7 -481 -453 -28 Profit before impairments 158 134 23 158 162 -4 433 441 -7 Credit impairments -4 -5 1 -4 -3 -1 -12 -10 -2 Imposed fees -11 -18 7 -11 -10 -1 -39 -31 -8 Operating profit 142 111 31 142 148 -6 382 400 -18 Tax expense for the period -30 -23 -6 -30 -32 2 -80 -87 7 Net profit 113 88 25 113 116 -4 302 313 -11 • Net interest income increased compared to Q3 2025, mainly driven by higher margins on deposits. • Costs have increased compared to Q3 2025. The increase was planned and in line with the bank’s strategic initiative. • Credit losses generated a negative net earnings impact of SEK -4 million.
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Continued lending growth with stable cost levels 23 0 20 000 40 000 60 000 80 000 100 000 120 000 140 000 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Q3 * From the fourth quarter of 2025, the resolution fee costs have been moved from net interest income to a new cost line item “Imposed fees.” The comparative figures for the year 2024 have been restated. 0,51 0,52 0,53 0,52 0,53 0,55 0,52 0,50 0,48 0,53 0,53 0,53 0,25 0,35 0,45 0,55 0,65 0,75 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Q3 Loan portfolio, SEKm Cost income ratio excl loan losses*
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2424 Asset quality In short: • Landshypotek Bank has 3 lines of defence that work together at different stages in order to mitigate risks. Risk organisation is the second line that is in charge of risk governance and control • 99% of customers have personal liability and 99.9% have post collateral with mortgage deed in real estate or tenant owned apartment • Loan portfolio is collateralized with low LTV assets (44%) • The value of arable land and forestry comprises most of the collateral • Well diversified portfolio in terms of geographical and business distribution • Exposures are classified based on loan size, turnover and income • Excellent performance
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99% of customers have personal liability and 99.9 % post collateral with mortgage deed in real estate 25 • Business is conducted as sole proprietorship (Sw. enskild näringsidkare) – due to Swedish legislation on land ownership • Sole proprietorship is a private individual with personal liability • Exposure weighted LTV 44% • Customers post collateral with mortgage deed in real estate • Capital-intensive in relation to turnover and earnings • Structural changes lead to larger units • The structural changes have been gradual
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Loan portfolio is collateralisedwith low LTV assets 26 99.9%Mortgage deed in real estate Collateral 44%LTV Loan to value 99.9% of the loan portfolio is first-lien mortgages with LTV of 44% Value 33% 28% 34% 5% Barn and facilities Residentuals Arable land Forest
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Well diversified portfolio in terms of geographical and business distribution 27 Asset portfolio per business unit, SEKbn Asset portfolio, business distribution, % Average loan per customer is SEK 2.1 m 24 21 23 22 30 Region Väst Region Nord Region Syd Region Öst Residential 44% 13% 12% 12% 9% 8% 1% 1% Employment Plants & crops Forest Other Contracting Livestock Pigs Poultry
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Internallyusedestimatesare significantlylower than estimates for capital adequacy 28 Internally used estimates are significantly lower for PD, LGD and consequently EL. Exposure weighted LTV ratio is 44% 1,01% 1,89% 0,03% 1,73% 14,11% 0,28% PD LGD EL
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Great performance in credit losses due to high asset quality and solid processes 29 • YTD losses for 2026 accounts for 11,6m. 2025 accounts for 13.7m (0.012 %) in credit losses. Losses in 2024 amounted to SEK 3.7m (0.003%) • Total credit losses since 1985 amounts to SEK 384m which makes an average per year of 0.026% (in comparison: EL deduction of SEK 330m for a year) • Continuous review of processes in identifying, monitoring and controlling credit risk in order to avoid potential credit loss • The insolvency department and the workout unit are proactively handling customer insolvency -0,10% 0,00% 0,10% 0,20% 0,30% 0,40% 0,50% 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023 2025
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3030 Capital adequacy In short: • CET1 capital ratio strong compared to requirements • Landshypotek Bank has high leverage ratio
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Total capital and capital requirements- Consolidated situation 31 • The CET1 capital target is to have a CET1 ratio of at least 12.1%, including the internal capital buffer. The margin to the capital target is 7.7 % of REA • The Total capital target is to have a Total capital ratio of at least 15.4 %, including the internal capital buffer.The margin to the capital target is 5.9% of REA • The stress tests performed by the bank for recovery planning and ICAAP confirm that the bank is very well capitalized and can sustain its business operations also under extremely adverse macro conditions • The additional capital in the form of Pillar 2 guidance (P2G) of 0.5 percent is included in the internal capital buffer 4,5% 4,5% 3,5%2,0% 2,0% 2,5% 2,5% 1,1% 1,9% 19,8% 21,3% CET1 requirements CET1 availability Total capital requirements Total capital availability Capital Pillar 2 regulation (P2R) Capital conservation buffer Countercyclical buffer Min T1 and T2 capital Minimun CET1 requirement 10,1% 14,4%
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5,0% 3,0% 0,4% 5,4% 3,0% CET1 AT1 Pillar 1 Leverage ratio and capital requirements- Consolidated situation 32 The additional P2G of 0.5 % is included in the internal buffer
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Capital development over the years 33 The EL deduction from CET1 is a consequence of using IRBF for corporate exposures. The EL calculation for corporate exposures is very conservative since it is calculated using IRBF regulatory prescribed LGD estimates as opposed to IRBA LGD estimates. The deduction regarding AT1 capital at the consolidated situation is explained by the fact that subordinated loans issued by Landshypotek Bank cannot be fully utilized in the calculation of capital at the consolidated situation. However, as the utilization rate is calculated based on the surplus of capital compared to capital requirement (sum of pillar 1, pillar 2 and buffers), if the capital requirement were to be identical with the capital base, the subordinated loans would be fully included also at the consolidated situation. Deductions, SEKm Total capital, SEKm - Consolidated situation 4 434 4 754 4 936 4 696 4 836 5 123 5 400 5 690 6 243 6 363 6 741 6 805 700 567 572 440 471 311 293 608 517 511 500 1 701 1 200 935 939 772 501 543 509 508 437 4 934 6 455 6 836 6 198 6 346 6 335 6 372 6 544 7 045 7 479 7 695 7 316 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Q3 CET1 AT1 T2 8182 7316 304 389 173 Equity, AT1 instr. EL deduction AT1 deduction Other deductions Regulatory Capital
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High leverage ratio despite large deductions 34 Leverage ratio, per Q2 2026 Deductions, per Q3 2026 *Consolidated situation * 8182 7316 304 389 173 Equity, and T1 instr. EL deduction AT1 deduction Other deductions Regulatory Capital 0% 1% 2% 3% 4% 5% 6% 7% Swed- bank Lands- hypotek SEB SHB LF Bank SBAB
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3535 Funding, liquidity and cover pool In short: • Landshypotek Bank’s low risk business model is reflected in the balance sheet structure • Landshypotek Bank is subject to full resolution planning and MREL requirement • Landshypotek Bank takes a conservative funding position • The cover pool has very low LTV, long seasoning and is geographically well diversified
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BRRD implementation - Landshypotek Bank is critical to the financial system 36 • Swedish National Debt Office (the Resolution Authority) has decided that Landshypotek Bank is subject to full resolution planning and MREL requirement • SNDO preferred resolution strategy: (i) bail in combined with restructuring or (ii) bail-in combined with bridge institution • MREL requirement 2026 • Total risk weighted 22.30% of REA • Total leverage 6.00% of TEA • Subordinated risk weighted 19.80% of REA • Subordinated leverage 6.00% of TEA • The plan is to have one outstanding issue per calendar year to have a good balance between granularity and liquidity • MREL fulfilment Q3 • Total risk weighted 23.43% of REA • Total leverage 7.01% of TEA • Subordinated risk weighted 23.43% of REA • Subordinated leverage 7.01% of TEA
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Funding plan 2026 37 Funding need SEKm Maturing covered Maturing and callable senior 12 015 1 050 Callable senior Non-preferred Callable subordinated 700 600 Increased liquidity portfolio Credit growth 700 6 700 Total 21 765 Funding plan SEKm Covered Senior 20 142 0 Senior Non-preferred Subordinated 1 400 0 Deposits Equity -16 239 Total 21 765 Executed SEKm 15 450 0 1 000 0 -356 271 16 365
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Conservative liquidity and funding position 38 • LCR 308% • NSFR 117% • Stressed liquidity coverage is 238 days, internal limit 180 days • Liquid assets SEK 13.6 bn. Duration 2.4 years • High-quality assets AAA and AA+ rated Swedish Covered Bonds and Swedish Municipalities • Eligible as collateral for transactions with the Swedish Central Bank
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Level of deposits, currently SEK 25.3 bn 39 Focus on stickiness Deposit portfolio 20% 63 % 5% 12% Member Non member Included in deposit insurance Excluded from deposit insurance • Target members and smaller deposits included in deposit insurance • Increased competition in the deposit space has decreased the inflow • The aim is to improve loans/deposit ratio as long as it makes economic sense
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Cover pool 40 Cover pool Rating (S&P) AAA Lending volume SEK 114,727m Geographic distribution Sweden 100% Average loan size SEK 1,043,730 Number of loans 109,920 Number of properties 42,911 Substitute assets SEK 1,100m Swedish covered bonds, AAA SEK 900m Municipalities SEK 200m Covered bonds outstanding SEK 95,959m Overcollateralisation Amount SEK 19,742m Ratio 20.57% Interest rate profile Floating 77% Fixed 23% Amortisation profile Amortising 99% Non-amortising 1% Property type Agriculture properties 71% Residential properties 29% LTV Volume-weighted average 44.96% 40
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Cover pool and geographical distribution 41 Years 6,04 12,92 Seasoning Loan level Customer level Month 72 155 Property level 17.89 215 Volume SEK 1,307m SEK 2,251m Concentration (borrowers) Top 5 Top 10 % of volume 1.14% 1,96% Top 20 SEK 3,901m 3.40% County % of total Volume Skåne 15,5% Västra Götaland 15,0% Stockholm 10,6% Östergötland 9,3% Örebro 6,2% Södermanland 4,6% Halland 4,1% Värmland 4,2% Uppsala 4,0% Jönköping 4,1% Kalmar 3,5% Gotland 2,7% Kronoberg 2,7% Gävleborg 2,4% Jämtland 1,7% Västmanland 1,8% Västernorrland 1,8% Västerbotten 1,6% Dalarna 1,6% Blekinge 1,5% Norrbotten 0,8%
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Cover pool 42 Loan amount by LTV bucket Stress test LTV -15% price drop Total change in cover pool -1,78 % 27,5% 22,9% 18,4% 13,9% 9,4% 5,3% 2,3% 0,2% 0,0% 0% 5% 10% 15% 20% 25% 30% 0-10 10-20 20-30 30-40 40-50 50-60 60-70 70-75 75-80 LTV loan level 0 5 000 10 000 15 000 20 000 25 000 30 000 0-10 10-20 20-30 30-40 40-50 50-60 60-70 70-75 75-80 MSEK LTV loan level LTV loan level with a 15% price drop
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43 Key takeaways: • Low-risk Swedish mortgage bank with a leading position in agriculture and forestry and a strong presence in residential mortgages. • Customer-owned with a long-term governance structure, where profits are reinvested in the bank or returned to the agriculture and forestry sectors. • Sustainability is embedded in the business model, with agriculture and forestry at the core of the bank’s climate and biodiversity strategy. • Conservative credit profile supported by: - 99.9% % of the loan portfolio being first-lien mortgages. - Average LTV of 44%. - 99% of agriculture and forestry customers having personal liability. • Proven credit performance through multiple economic cycles: - Total credit losses since 1985 of SEK 384m. - Average annual credit loss rate of 0.026%. • Strong capital, liquidity and funding position, supported by an AAA-rated covered bond programme.
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Just a reminder! Long-term trend for population and farm land 44 • The need for food the coming 20-25 years is double the amount that has been produced during the last 10,000 years • The demand of agricultural commodities for biofuels use will increase • Production improvements have compensated for growing population • Restrictions on pesticides and plant breeding as well as shortage of water put pressure on further efficiency improvements • There are also higher demands on global production to be more sustainable from an economic, social, environmental and climate perspective • “Buy land, they’re not making it anymore” (Mark Twain) Source: UN 0 2 4 6 8 10 1950 1975 2000 2020 2050 Billion People on the planet Available land for farming (acres) 44
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45 Financial calendar 2026-2027: Year-end report 2026 4th of February 2027 Annual report 2026 12th of March 2027 Anna Casselblad, Chief Financial Officer anna.casselblad@landshypotek.se +46 70 751 05 76 Magnus Svensson, Head of Treasury magnus.svensson@landshypotek.se +46 72 576 43 60 Martin Kihlberg, General Counsel & Chief Sustainability Officer martin.kihlberg@landshypotek.se +46 73 848 43 59 Visiting: Regeringsgatan 48, 111 47 Stockholm Postal: P.O Box 14092, SE 104 41 Stockholm Contact and financial calendar
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4646 DISCLAIMER Acceptance of limitations: The information in this presentation (the “Material”) is furnished by Landshypotek Bank AB (the “Company”) solely for the rec ipient’s information. The intended recipients are determined solely by the Company. By attending a meeting where the Material is presented, or by reading the Material, you agr ee to be bound by the limitations and notifications described below. The Material is strictly confidential and may not be disclosed or distributed to any other person unless expressly agreed by the Company. Use of the Material: This Material does neither constitute an offer to sell nor a solicitation of an offer to buy any securities, and it does not constitute any form of commitment or recommendation in relation thereto. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, the fairnes s, accuracy or completeness of the information in the Material. No financial advice: The Company is not giving financial advice to any potential investor, and this Material shall not be deemed to be financial a dvice from the Company to any potential investor. Investors should not subscribe for or purchase any financial instruments or securities only on the basis of the information provided he rein. Investors are encouraged to request from the Company and other sources such additional information as they require to enable them to make informed investment decisions, to seek advice from their own le gal, tax and financial advisors and to exercise an independent analysis and judgment of the merits of the Company. No liability: Although the Company has endeavored to give a correct and complete picture of the Company, the Company cannot be held liable for any loss or damage of any kind arising from the use of the Material. Information sources: The information in this Material is presented by the Company or constitutes publicly available material and has been produced by the Company exclusively for information purposes. This Material may contain forward-looking statements that reflect the Company’s current views with respect to certain future events a nd potential financial performance. Such statements are only forecasts and no guarantee can be given that such expectations are correct. The information relating to the Company does not constitute a comp lete overview of the Company and must be supplemented by the reader wishing such completeness. Actuality: The Material is dated 2026-10-22. The Company cannot guarantee that there has been no change in the affairs of the Company since such date, nor do they intend to, and assume no obligation to, update or correct any information included in the Material. The Material may however be changed, supplemented or corrected wi thout notification. Prospectus: The Material does not constitute a prospectus for purposes of the Prospectus Regulation (EU) 2017/1129. Accordingly, the Mate rial has not been approved by any supervisory authority. Please see the Company's registered prospectuses at https://www.landshypotek.se/en/about-landshypotek/investor-relations/investment-programmes/funding-programmes/ Distribution: The information in this Material is not for release, publication or distribution, directly or indirectly, in or into the Unit ed States or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. No securities referred to in this Material have been or will be registered by t he Company under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or the securities laws of any state of the United States. This Material may not be distributed into or in the United States or t o any “US person” (as defined in Rule 902 of Regulation S under the Securities Act). Applicable law: The Material is subject to Swedish law, and any dispute arising in respect of the Material is subject to the exclusive jurisd iction of Swedish courts (with District court of Stockholm as court of first instance).
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