Interim report
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Landshypotek Bank AB Interim Report January – September 2026 Page 1 Landshypotek Bank AB Interim report Q3 2026 January – September 2026 Net interest income SEK million 0 50 100 150 200 250 300 350 Q3Q2Q1Q4Q3 20262025 Lending to the public SEK billion 102 106 110 114 118 122 Q3Q2Q1Q4Q3 20262025 January – September 2026 compared with January – September 2025 • Operating profit amounted to SEK 382 million (399). • Net interest income amounted to SEK 886 million (867). • Costs totalled SEK 481 million (453). • Net credit losses negatively impacted earnings with SEK 12 million (loss: 10). • Loans to the public amounted to SEK 120.8 billion (116.5). • Deposits from the public amounted to SEK 25.6 billion (26.6). July – September 2026 compared with April – June 2026 • Operating profit amounted to SEK 143 million (111). • Net interest income amounted to SEK 289 million (304). • Costs totalled SEK 142 million (171). • Net credit losses negatively impacted earnings with SEK 4 million (loss: 5). • Loans to the public amounted to SEK 120.8 billion (119.3). • Deposits from the public amounted to SEK 25.6 billion (25.7). Comment from CEO Johan Ericson: The quarter was marked by continued lending growth, very good credit quality and a strong operating profit. The high activity towards the end of the quarter helped our mortgage business grow faster than the market, while growth in farming and forestry financing remained stable. Our steadily growing business, with lending of nearly SEK 121 billion and deposits of approximately SEK 26 billion, positions us well to continue develop- ing Landshypotek as a broader specialist bank in lending and savings.
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Landshypotek Bank AB Interim Report January – September 2026 Page 2 Supported by a growing customer base, net interest income for the first nine months rose to SEK 886 million, up from SEK 867 million for the same period last year. Margins came under pressure in the quarter, however, as we have not fully passed on rising market interest rates to customers. Our focus is on the long term. Our total lending amounted to SEK 120.8 billion, compared with SEK 116.5 billion one year earlier. A strong mortgage offering led to a high influx of customers at the end of the quarter and growth above the rate of market growth. Activity was also high in farming and forestry financing, and growth here was stable. We have strengthened our savings offering, including fixed-rate savings, which helped stabi- lise deposits at around SEK 26 billion. Credit quality remains very good, and credit losses are low and attributable to a few individual exposures. We continue to invest in developing the bank, which means costs are up on last year, although developing as planned. The growing business, continued strong credit quality and seasonally lower costs strengthened operating profit to SEK 143 million for the third quarter, compared with SEK 111 million for the previous quarter. Operating profit for the first nine months was SEK 382 million, compared with SEK 399 million for the corresponding period last year. CEO’s Statement Stable growth provides momentum for development The third quarter showcased the strength of our business. We continue to grow our lending, credit quality is very good and costs are developing according to plan. This gives us favourable conditions to continue developing the bank and creating greater value for our customers. During the quarter, we advanced another step in our efforts to connect the capital market with farming and forestry. In September, we issued the first green bond in Sweden and the Nordic region with an exclusive focus on farming. The proceeds will fund investments in Swed- ish farms in areas such as precision agriculture, irrigation ponds and arable farming measures that promote biodi- versity and long-term soil productivity. We also continue to develop our offering in line with our customers’ needs. Our new business succession programme enables us to support our farming custom- ers even better through one of the most significant and complex transitions, both for the farm and for the family. For our mortgage customers, we have improved and simplified our pricing. Farming customers are at the core of Landshypotek. While this year’s harvest varied across the country and between individual farms, overall production volumes in Sweden were good. Swedish farmers also had better conditions than many farmers elsewhere in Europe, who were hard hit by drought. Following rapid costs increases this spring, conditions have improved for many farm businesses thanks to higher prices, increased production and national support. We are also noting growing understanding of the long-term importance of farming for food security, emergency preparedness and the green transition, which reinforces the image of farming as an industry of the future. Our strategy is to create increased customer value by developing Landshypotek into a broader specialist bank in lending and savings. During the quarter, we continued to translate this strategy into tangible improvements for our customers. We enter the final quarter of the year with a growing business, very good credit quality and a clear strategic direction. Our task now is to continue growing while maintaining quality, and to translate the bank’s progress into an even stronger customer offering. Johan Ericson CEO of Landshypotek Bank
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Landshypotek Bank AB Interim Report January – September 2026 Page 3 SEK million Q3 2026 Q3 2025 Q2 2026 Full-year 2025 Net interest income 289 287 304 1,158 Operating profit 143 148 111 502 Profit after tax 113 116 88 393 Loans to the public 120,782 116,525 119,320 118,151 Change in loans to the public, % 1.2 0.8 0.4 6.3 Interest margin, L TM, % 0.99 0.99 1.00 1.00 Deposits from the public 25,589 26,644 25,720 25,945 Change in deposits from the public, % -0.5 -1.2 1.9 -4.2 C/I ratio including financial transactions 0.48 0.47 0.56 0.53 C/I ratio excluding financial transactions 0.48 0.47 0.55 0.52 Credit loss level, % 1) 0.01 0.00 0.02 0.01 T otal capital ratio, % 22.1 23.7 22.2 23.2 Rating, long-term Standard & Poor’s, covered bonds AAA AAA AAA AAA Standard & Poor’s A A A A Fitch A+ A A+ A Average number of employees, L TM 246 243 246 246 1) An outcome is only presented in the case of a negative earnings impact. Summary
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Landshypotek Bank AB Interim Report January – September 2026 Page 4 1) An outcome is only presented in the case of a negative earnings impact. 2) Landshypotek changed its accounting policy in Q4 2025 and now reports the resolution fee on a new line in the income statement, Imposed fees, previously it was included in Net interest income. The comparative figures have been restated and, accordingly, do not correspond with those for Q3 2025. Imposed fees also include the interest-free deposit requirement from the Riksbank, Sweden’s central bank, starting from Q4 2025. Gross non-credit-impaired assets amounted to SEK 120.0 billion (115.7) and the credit loss allowance to SEK 8 million (12). Gross credit-impaired assets amounted to SEK 0.8 billion (0.9) and the credit loss allowance to SEK 33 million (19). The provisions for credit-impaired assets pertained to individual commitments within vary - ing types of farming and geographic locations. The bank continued to post extremely good credit qual- ity. For more information, refer to Note 3 and Note 4. Imposed fees Imposed fees totalled SEK 39 million (31) and pertained to the resolution fee and the Riksbank’s interest-free deposit requirement. The deposit requirement was introduced in the fourth quarter of 2025 and is not included in the comparative figure. Our financial performance First nine months of 2026 compared with the first nine months of 2025 Net interest income Net interest income amounted to SEK 886 million (867). Interest income totalled SEK 3,085 million (3, 192), and interest expenses totalled SEK 2, 199 million (2,325). Interest income and interest expenses both decreased as a result of slightly lower interest rates. Net commission income Net commission income totalled SEK 20 million (21) and was on a par with the previous year. Net result of financial transactions The net result of financial transactions amounted to income of SEK 3 million (1), of which unrealised income amounted to SEK 2 million (0) and the realised income to SEK 1 million (1). Costs Costs amounted to SEK 481 million (453). Credit losses and credit loss allowance Overall the credit losses generated a negative net earn- ings impact of SEK 12 million (negative: 10) for the first three quarters, of which net credit losses for non-credit- impaired assets had a positive earnings impact of SEK 1 million (0) and credit-impaired assets had a negative earnings impact of SEK 13 million (negative: 10). SEK million Jan–Sep 2026 Jan–Sep 2025 Full-year 2025 Net interest income 2) 886 867 1,158 Net commission income 20 21 28 Other operating income 4 5 -2 Of which net result of financial transactions 3 1 -8 Costs -481 -453 -621 C/I ratio including financial transactions 0.53 0.53 0.53 Net recognised credit losses -12 -10 -14 Credit loss level, %1) 0.00 0.00 0.01 Imposed fees -39 -31 -46 Operating profit 382 399 502 Operating profit excluding the net result of financial transactions 379 398 510 Operating profit SEK million 20 10 0 -10 -20 Q3Q2Q1Q4Q3 20262025 Credit losses OBS: Negativt går uppåt = Omvänd skala (gör manuellt) For the first three quarters, Landshypotek Bank posted an operating profit of SEK 382 million, down some SEK 17 million year-on-year. The marginal profit decline was primarily attributable to higher costs resulting from investments in the bank’s strategic initiatives as well as the increase in imposed fees.
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Landshypotek Bank AB Interim Report January – September 2026 Page 5 Balance Sheet Other comprehensive income Other comprehensive income amounted to an expense of SEK 8 million (income: 22), where financial assets at fair value had a negative effect of SEK 3 million (positive: 15) as a result of falling credit spreads at the same time as rising cross-currency basis spreads had a negative impact of SEK 5 million (positive: 7). Assets SEK million 30 Sep 2026 Eligible treasury bills 4,600 Loans to credit institutions 378 Loans to the public 120,782 Bonds and other interest-bearing securities 9,029 Derivatives 889 T angible and intangible assets 112 Other assets -24 Total assets 135,768 Liabilities and equity SEK million 30 Sep 2026 Liabilities to credit institutions 1,508 Deposits from the public 25,589 Debt securities issued, etc. 99,105 Derivatives 978 Subordinated liabilities 0 Other liabilities 478 Equity 8,110 Total liabilities and equity 135,768 Geographic distribution of lending Kalmar County 3.6% Gotland County 2.8% Kronoberg County 2.7% Östergötland County 9.4% Södermanland County 4.6% Stockholm County 9.5% Uppsala County 4. 1% Gävleborg County 2.4% Västernorrland County 1.8% Skåne County 15.6% Blekinge County 1.6% Halland County 4.5% Jönköping County 4.2% Örebro County 6.4% Norrbotten County 0.8% Västerbotten County 1.5% Jämtland County 1.8% Dalarna County 1.6% Västmanland County 1.7% Värmland County 4.2% Västra Götaland County 15.0% In issue In issue SEK million 30 Sep 2026 Limit 31 Dec 2025 Swedish commercial paper – 10,000 – MTN programme1) 1,410 60,0001) 1,560 NMTN programme2) 95,600 170,097 92,126 Registered covered bonds 2,120 2,705 Tier 1 capital instruments 900 900 1) Medium T erm Note Programme. No longer an active programme for issuing new transactions. 2) Nordic Medium T erm Note and Covered Bond Programme. The limit is EUR 15,000 million. Funding Assets The largest asset item in the balance sheet is loans to the public, which amounted to SEK 120.8 billion (116.5). The geographic distribution of lending remains stable. Landshypotek Bank’s liquidity portfolio totalled SEK 13.6 billion (12.9). The portfolio comprises Swedish covered bonds with the highest credit rating and bonds issued by Swedish municipalities and regions. The holding of interest-bearing securities functions as a liquidity reserve. The liquidity portfolio was 1.3 times (1.4) larger than refinancing requirements for the next six months. The ratio is affected by the allocation of maturing debt for longer than six months and can, therefore, change between measurement periods. Liabilities Funding Landshypotek Bank actively raises funds via the capital markets, and as far as possible always strives to meet investors’ wishes regarding tenors and interest-rate structures. The bank’s primary source of funding comprises covered bonds, but the bank also issues senior bonds, senior non-preferred and capital instruments. The bank’s market funding has an average tenor of 3.2 years. During the quarter, the bank issued covered bonds with a nominal value of SEK 4.6 billion and a senior
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Landshypotek Bank AB Interim Report January – September 2026 Page 6 Rating Landshypotek Bank has credit ratings from two differ - ent rating agencies, Standard & Poor’s and Fitch. No changes in the ratings were forthcoming during the quarter. Rating Long Short S&P covered bonds AAA Standard & Poor’s A A-1 Fitch A+ F1 Group structure Borrowers at Landshypotek Bank who own a farm property are also members of Landshypotek Ekonomisk Förening. Landshypotek Ekonomisk Förening owns 100 percent of the shares in Landshypotek Bank. All opera- tions are conducted exclusively in Landshypotek Bank. Events after the end of the period No other significant events have occurred since the balance sheet date. Stockholm, 23 October 2026 Johan Ericson Chief Executive Officer Accounting policies This interim report has been prepared in accordance with IAS 34, Interim Financial Reporting and in accor - dance with Chapter 9 of the Annual Accounts Act for Credit Institutions and Securities Companies. The accounting policies, calculation methods and risk management are unchanged compared with the last annual report, refer to Note 1 in the Annual Report for 2025 (www.landshypotek.se/ en/about-landshypotek/ investor-relations/). IFRS 18 Presentation and Disclosure in Financial State- ments enters force on 1 January 2027 and replaces IAS 1 Presentation of Financial Statements. The bank does not expect the implementation of IFRS 18 to have any material impact on its financial statements. However, IFRS 18 may affect the bank’s management-defined per - formance measures (MPM), which are still under review. This interim report has been reviewed by the company’s auditors. non-preferred bond of SEK 0.4 billion under its green bond framework. Over the same period, covered bonds with a nominal value of SEK 3.3 billion, senior capital of SEK 0.9 billion and senior non-preferred bonds of SEK 0.7 billion matured. During the quarter, the bank’s derivative portfolio decreased in value by SEK 190.8 million, however as all derivatives are encompassed by hedge accounting the earnings impact of the change in value was minimal. Deposits from the public Deposits from the public totalled SEK 25.6 billion (26.6). Financing and liquidity The bank continues to have good conditions for funding operations with a net stable funding ratio of 117 percent. Moreover, the bank’s short-term liquidity is healthy with a liquidity coverage ratio of 298 percent. Risk and capital adequacy The total capital ratio for the consolidated situation amounted to 21.3 percent compared with 22.4 percent as of 30 September 2025 and the CET1 capital ratio was 19.8 percent (19.6). At Landshypotek Bank AB, the total capital ratio amounted to 22. 1 percent (23.7) and the CET1 capital ratio was 19.5 percent (19.3). The total capital ratio declined as a result of the early call the Bank made on its Tier 2 capital in 2026. Q3 2026 compared with Q2 2026 Operating profit amounted to SEK 143 million (111) for the quarter, up in part due to higher net earnings and in part due to lower costs for administration and for imposed fees. Lending from the public SEK billion 20 22 24 26 28 30 Q3Q2Q1Q4Q3 20262025
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Landshypotek Bank AB Interim Report January – September 2026 Page 7 Income Statement Q3 Q3 Q2 Jan–Sep Jan–Sep Full-year SEK million Note 2026 2025 2026 2026 2025 2025 Interest income 1,038 1,049 1,041 3,085 3,192 4,209 Interest expenses 1) -749 -762 -737 -2,199 -2,325 -3,052 Net interest income 2 289 287 304 886 867 1,158 Commission income 7 7 7 20 21 28 Commission expense 0 0 0 0 0 0 Net commission income 7 7 7 20 21 28 Net result of financial transactions 2 1 -7 3 1 -8 Other operating income 1 2 2 4 4 6 T otal operating income 299 296 305 914 894 1,183 General administrative expenses -134 -124 -159 -452 -422 -582 Depreciation, amortisation and impairment of tangible and intangible assets -7 -10 -12 -29 -30 -40 Other operating expenses 0 0 0 0 0 1 T otal expenses before credit losses -142 -134 -171 -481 -453 -621 Profit before credit losses 158 162 134 433 441 562 Net credit losses 3 -4 -3 -5 -12 -10 -14 Imposed fees 1) 2) -11 -10 -18 -39 -31 -46 Operating profit 143 148 111 382 399 502 T ax expense for the period -30 -32 -23 -80 -87 -109 Net profit for the period 113 116 88 302 313 393 Attributable to: Shareholders in Landshypotek Bank AB 102 105 78 270 278 347 Holders of Tier 1 capital instruments 11 12 10 32 35 47 1) Landshypotek changed its accounting policy in Q4 2025 and now reports the resolution fee on a new line in the income statement, Imposed fees, previously it was included in Net interest income. The comparative figures have been restated and, accordingly, do not correspond with those for Q3 2025. Imposed fees also include the interest-free deposit requirement from the Riksbank, Sweden’s central bank, starting from Q4 2025. 2) The interest-free deposit requirement from the Riksbank amounted to SEK 307 .7 million (318.4).
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Landshypotek Bank AB Interim Report January – September 2026 Page 8 Statement of Comprehensive Income Q3 Q3 Q2 Jan–Sep Jan–Sep Full-year SEK million 2026 2025 2026 2026 2025 2025 Net profit for the period 113 116 88 302 313 393 Other comprehensive income Items to be reclassified to income statement Financial assets at FVTOCI 11 4 8 -3 19 18 Cross-currency basis spreads in fair value hedges -3 5 1 -5 9 10 Income tax related to other comprehensive income -2 -2 -2 0 -6 -6 T otal items that will be reclassified 6 7 8 -8 22 22 T otal other comprehensive income 6 7 8 -8 22 22 Comprehensive income for the period 119 123 96 294 335 416 Attributable to: Shareholders in Landshypotek Bank AB 108 111 85 262 300 369 Holders of Tier 1 capital instruments 11 12 10 32 35 47
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Landshypotek Bank AB Interim Report January – September 2026 Page 9 Condensed balance sheet SEK million Note 30 Sep 2026 30 Sep 2025 31 Dec 2025 Assets Cash and balances with central banks 0 144 103 Eligible treasury bills 4,600 3,699 4,410 Loans to credit institutions 378 285 415 Loans to the public 4 120,782 116,525 118,151 Value change of interest-hedged items in portfolio hedges -143 58 4 Bonds and other interest-bearing securities 9,029 9,315 8,951 Derivatives 889 1,131 1,087 Intangible assets 37 40 42 T angible assets 75 24 21 Other assets 15 16 21 Current tax assets 48 123 0 Prepaid expenses and accrued income 55 43 54 T otal assets 5, 6 135,768 131,402 133,259 Liabilities and equity Liabilities to credit institutions 1,508 286 1,143 Deposits from the public 25,589 26,644 25,945 Debt securities issued, etc. 99,105 94,533 96,138 Derivatives 978 1,023 968 Other liabilities 320 214 560 Current tax liabilities 95 149 19 Accrued expenses and prepaid income 64 61 45 Provisions 0 0 0 Subordinated liabilities 0 601 601 T otal liabilities 127,658 123,512 125,420 T otal equity 8,110 7,890 7,839 T otal liabilities and equity 5, 6 135,768 131,402 133,259
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Landshypotek Bank AB Interim Report January – September 2026 Page 10 Statement of cash flow Jan–Sep Jan–Sep Full-year SEK million 2026 2025 2025 Operating activities Operating profit 382 399 502 Adjustments for non-cash items 32 -21 -293 Recovery of previous years’ confirmed losses 0 0 0 Income tax paid -48 -19 -40 Increase/decrease in assets -2,540 -6,910 -9,043 Increase/decrease in liabilities 2,699 6,705 8,743 Cash flow from operating activities 525 154 -129 Investment activities Acquisition/divestment of intangible assets -7 12 17 Acquisition/divestment of tangible assets -1 0 1 Cash flow from investment activities -8 12 18 Financing activities Shareholders’ contributions received – – 64 Change in subordinated liabilities -601 – – Interest expense classified as Tier 1 capital dividend (A T1) -31 -35 -47 Repayment of principal elements of lease liabilities -12 Cash flow from financing activities -644 -35 17 Cash flow for the period -128 131 -94 Change in cash and cash equivalents -128 131 -94 Opening cash and cash equivalents 203 297 297 Closing cash and cash equivalents 75 429 203
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Landshypotek Bank AB Interim Report January – September 2026 Page 11 Statement of changes in equity Restricted equity Unrestricted equity Development Fair Cross-currency Share Statutory expenditure value basis spreads in Retained Tier 1 SEK million capital reserve reserve reserve fair value hedges earnings capital To t a l Opening balance 1 Jan 2025 2,253 1,017 – 3 -22 3,439 900 7,590 Comprehensive income for the period – – – 14 8 347 47 416 T otal change before transactions with owners and holders of Tier 1 capital instruments – – – 14 8 347 47 416 Tier 1 capital – – – Dividend on Tier 1 capital instruments – – – – – – -47 -47 Shareholders’ contributions – – – – – 64 – 64 Group contributions paid – – – – – -232 – -232 T ax on Group contributions paid – – – – – 48 – 48 Development expenditure reserve 0 – – 0 – 0 Closing balance 31 Dec 2025 2,253 1,017 0 17 -14 3,666 900 7,839 Opening balance 1 Jan 2026 2,253 1,017 0 17 -14 3,666 900 7,839 Comprehensive income for the period -3 4 270 31 303 T otal change before transactions with owners and holders of Tier 1 capital instruments – – – -3 4 270 31 303 Tier 1 capital – – Dividend on Tier 1 capital instruments -31 -31 Shareholders’ contributions – – Group contributions paid – – T ax on Group contributions paid – – Development expenditure reserve 1 – – -1 – 0 Closing balance 30 Sep 2026 2,253 1,017 1 14 -10 3,936 900 8,110
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Landshypotek Bank AB Interim Report January – September 2026 Page 12 Notes Note 1 Risk and capital adequacy Landshypotek Bank AB (the Bank) and its consolidated situation (the bank and the parent company Landshypotek Ekonomisk Förening) belong to supervisory category 3 according to Finansinspektionen’s (the Swedish FSA) annual supervisory review and are categorised as other institutions under Regulation (EU) No 575/2013 on prudential requirements for credit institutions and investment firms (the Capital Requirements Regulation (CRR). The information in this note refers to the information that must be disclosed pursuant to the capital adequacy disclosure requirements in the CRR, part eight and Finansinspektionen’s regulations FFFS 2010:7, FFFS 2014:12 and FFFS 2008:25. The total capital ratio for the consolidated situation amounted to 21.3 percent compared with 22.4 percent as of 30 September 2025 and the CET1 capital ratio was 19.8 percent (19.6). At Landshypotek Bank AB, the total capital ratio amounted to 22. 1 percent (23.7) and the CET1 capital ratio was 19.5 percent (19.3). The total capital ratio declined as a result of the early call the Bank made on its Tier 2 capital in 2026. The minimum capital requirement amounted to 8 percent of the total risk-weighted exposure amount. The combined buffer requirement amounts to 4.5 percent and breaks down as 2.5 percent in the form of the capital conservation buffer and 2.0 percent in the form of the countercyclical capital buffer. The combined buffer requirement must be covered by CET1 capital. In October 2024, the bank received the result of Finansinspektionen’s supervisory review and evaluation process (SREP). At Group level, the bank has to meet a Pillar 2 requirement (P2R) of 1.9 percent of the Group’s total risk-weighted exposure amount. Moreover, at Group level, the bank should hold additional capital in the form of Pillar 2 guidance (P2G) of 0.5 percent. Accordingly, the capital requirement as assessed by Finansinspektionen for the consolidated situation, including P2G, was 14.9 percent and should be compared with own funds of 21.3 percent. The leverage ratio for the consolidated situation amounted to 5.4 percent of the total exposure measure (5.4). The minimum capital requirement for the leverage ratio was 3.0 percent and, in addition, Sweden’s financial supervisory authority has also assigned a P2G of 0.5 percent to the consolidated situation. The internally assessed capital requirement for the consolidated situation was SEK 5.0 billion (4.9) and should be compared with own funds of SEK 7.3 billion (7.6). During the first quarter of 2026, the bank finalised its application to FI regarding the development of the methodology for the LGD model for retail exposures. Until further notice, and pursuant to Article 3, extra capital is being maintained corresponding to an REA of SEK 263 million.
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Landshypotek Bank AB Interim Report January – September 2026 Page 13 Consolidated situation SEK million 30 Sep 2026 31 Dec 2025 1 Capital instruments and the related share premium accounts 2,129 2,159 of which: member contributions 2,129 2,159 of which: share capital 2 Retained earnings 1) 4,881 4,703 3 Accumulated other comprehensive income (and other reserves) -16 -17 EU-5a Independently reviewed interim profits net of any foreseeable charge or dividend 171 241 6 CET1 capital before regulatory adjustments 7,165 7,085 7 Additional value adjustments -14 -13 8 Intangible assets (net of related tax liability) (negative amount) -37 -42 10 Deferred tax assets that rely on future profitability excluding those arising from temporary differences (net of related tax liability where the conditions in Article 38 (3) CRR are met) (negative amount) 0 0 12 Negative amounts resulting from the calculation of expected loss amounts -304 -286 27a Other regulatory adjustments -6 -3 28 Total regulatory adjustments to CET1 capital -360 -344 29 CET1 capital 6,805 6,741 30 Capital instruments and the related share premium accounts – – 31 of which: classified as equity under applicable accounting standards – – 34 Qualifying Tier I capital included in consolidated A T1 capital issued by subsidiaries and held by third parties 511 517 44 Additional Tier 1 (AT1) capital 511 517 45 Tier 1 capital (T1 = CET1 + AT1) 7,316 7,259 46 Capital instruments and the related share premium accounts 48 Qualifying own funds instruments included in consolidated Tier 2 capital issued by subsidiaries and held by third parties 0 437 58 Tier 2 (T2) capital 0 437 59 Total capital (TC = T1 + T2) 7,316 7,695 60 Total risk-weighted exposure amount 34,342 34,893 61 CET1 capital ratio (%) 19.8 19.3 62 Tier 1 capital ratio (%) 21.3 20.8 63 T otal capital (%) 21.3 22.1 64 Institution CET1 overall capital requirements (%) 10.1 10.1 65 of which: capital conservation buffer requirement (%) 2.5 2.5 66 of which: countercyclical capital buffer requirement (%) 2.0 2.0 EU-67b of which: additional own funds requirements to address risks other than the risk of excessive leverage (%) 1.1 1.1 68 Common Equity Tier 1 capital (as a percentage of risk exposure amount) available after meeting the minimum capital requirements 2) 11.4 12.2 1) Item includes other contributed equity. 2) The calculation includes both Pillar I and Pillar II in the minimum capital requirement. Other communication from the bank only encompasses Pillar I. EU CC1 – Composition of regulatory own funds
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Landshypotek Bank AB Interim Report January – September 2026 Page 14 Consolidated situation SEK million 30 Sep 2026 31 Dec 2025 Internally assessed capital requirement 1) Pillar I capital requirement 2,747 2,791 Percentage of total risk-weighted exposure amount 8.0 8.0 Pillar II capital requirement 670 656 Percentage of total risk-weighted exposure amount 2.0 1.9 Combined buffer requirement 1,545 1,570 Percentage of total risk-weighted exposure amount 4.5 4.5 T otal capital requirement 4,962 5,018 Percentage of total risk-weighted exposure amount 14.5 14.4 Own funds (Tier 1 capital + Tier 2 capital) 7,316 7,695 Percentage of total risk-weighted exposure amount 21.3 22.1 Capital requirement as assessed by Finansinspektionen 2) Pillar I capital requirement 2,747 2,791 Percentage of total risk-weighted exposure amount 8.0 8.0 Pillar II capital requirement 652 663 Percentage of total risk-weighted exposure amount 1.9 1.9 Combined buffer requirement 1,545 1,570 Percentage of total risk-weighted exposure amount 4.5 4.5 Capital requirement, Pillar II guidance 172 174 Percentage of total risk-weighted exposure amount 0.5 0.5 T otal capital requirement (incl. Pillar II guidance) 5,117 5,199 Percentage of total risk-weighted exposure amount 14.9 14.9 Own funds (Tier 1 capital + Tier 2 capital) 7,316 7,695 Percentage of total risk-weighted exposure amount 21.3 22.1 Leverage ratio requirement 3) Leverage ratio requirement 4,081 3,995 Percentage of total exposure amount for the leverage ratio 3.0 3.0 Pillar II capital requirement – – Percentage of total exposure measure for the leverage ratio – – Capital requirement, Pillar II guidance 680 666 Percentage of total exposure measure for the leverage ratio 0.5 0.5 T otal capital requirement (incl. Pillar II guidance) 4,762 4,661 Percentage of total exposure measure for the leverage ratio 3.5 3.5 Tier 1 capital 7,316 7,259 Percentage of total exposure amount for the leverage ratio 5.4 5.5 1) Pertains to Pillar I capital requirements pursuant to the Capital Requirements Regulation (EU) No 575/2013, Pillar II capital requirements according to the bank’s assessment and the combined buffer requirement pursuant to the Capital Buffers Act (2014:966). 2) Pertains to Pillar I capital requirements pursuant to the Capital Requirements Regulation (EU) No 575/2013, Pillar II capital requirements according to Finansinspektionen’s (SREP 2024) and the combined buffer requirement pursuant to the Capital Buffers Act (2014:966). 3) Pertains to the leverage ratio requirement pursuant to the Capital Requirements Regulation (EU) No 575/2013 and Pillar II capital requirements according to Finansinspektionen’s (SREP 2024). The leverage ratio requirement was introduced in June 2021. continued Note 1 Capital requirements
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Landshypotek Bank AB Interim Report January – September 2026 Page 15 Consolidated situation 30 Sep 2026 Risk-weighted Own funds Average SEK million Exposure value1) exposure amount2) requirement3) risk weight4) Credit risk – IRB approach 121,239 17,259 1,381 14% Retail – real estate collateral 70,720 4,625 370 7% Corporates 50,418 12,533 1,003 25% Other non-credit-obligation assets 101 101 8 100% Credit risk – Standardised approach 15,438 1,282 103 8% Central governments or central banks 147 0% Regional governments or local authorities 7,302 0% Institutions 928 225 18 24% Corporates 5 5 0 100% Retail 17 12 1 72% Secured by mortgage liens on immovable property 707 404 32 57% Exposures in default 2 2 0 150% Covered bonds 6,330 633 51 10% Operational risk 1,778 142 Credit valuation adjustment risk 550 654 52 119% Additional risk exposure amount under Article 458 CRR (risk-weight floor) 13,106 1,048 Additional stricter prudential requirements based o n Article 3 CRR 263 21 To t a l 137,227 34,342 2,747 continued Note 1 Own funds requirement by risk, approach and exposure class Consolidated situation 31 Dec 2025 Risk-weighted Own funds Average SEK million Exposure value1) exposure amount2) requirement3) risk weight4) Credit risk – IRB approach 118,757 16,596 1,328 14% Retail – real estate collateral 70,496 4,616 369 7% Corporates 48,191 11,909 953 25% Other non-credit-obligation assets 71 71 6 100% Credit risk – Standardised approach 15,073 1,207 97 8% Central governments or central banks 127 0% Regional governments or local authorities 7,116 0% Institutions 1,149 271 22 24% Corporates 5 5 0 100% Retail 18 12 1 70% Secured by mortgage liens on immovable property 411 291 23 71% Exposures in default 2 3 0 131% Covered bonds 6,244 624 50 10% Operational risk 1,778 142 Credit valuation adjustment risk 733 1,103 88 150% Additional risk exposure amount under Article 458 CRR (risk-weight floor) 13,060 1,045 Additional stricter prudential requirements based on Article 3 CRR 1,149 92 To t a l 134,564 34,893 2,791 1) Exposure value calculated in accordance with the CRR. 2) After application of the relevant risk weights. Risk weights for the IRB approach are based on internal risk classification and internal historical data while risk weights as prescribed in the CRR are applied for the standardised approach. 3) Calculated by multiplying the risk-weighted exposure amount by 8 percent. Does not include any buffer requirements. 4) Calculated by dividing the risk-weighted exposure amounts by exposure value for the respective risk/ exposure class.
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Landshypotek Bank AB Interim Report January – September 2026 Page 16 Consolidated situation SEK million 30 Sep 2026 30 Jun 2026 31 Mar 2026 31 Dec 2025 30 Sep 2025 Available own funds (amounts) 1 Common Equity Tier 1 (CET1) capital 6,805 6,753 6,794 6,741 6,624 2 Tier 1 capital 7,316 7,259 7,297 7,259 7,136 3 T otal capital 7,316 7,259 7,297 7,695 7,565 Risk-weighted exposure amounts 4 T otal risk-weighted exposure amount 34,342 34,095 33,831 34,893 33,834 4a T otal risk exposure (pre-floor) 34,342 34,095 33,831 34,893 33,834 Capital ratios (as a percentage of risk-weighted exposure amount) 5 Common Equity Tier 1 ratio (%) 19.8 19.8 20.1 19.3 19.6 5b Common Equity Tier 1 ratio considering unfloored TREA (%) 19.8 19.8 20.1 19.3 19.6 6 Tier 1 ratio (%) 21.3 21.3 21.6 20.8 21.1 6b Tier 1 ratio considering unfloored TREA (%) 21.3 21.3 21.6 20.8 21.1 7 T otal capital ratio (%) 21.3 21.3 21.6 22.1 22.4 7b T otal capital ratio considering unfloored TREA (%) 21.3 21.3 21.6 22.1 22.4 Additional own funds requirements to address risks other than the risk of excessive leverage (as a percentage of risk-weighted exposure amount) EU 7d Additional own funds requirements to address risks other than the risk of excessive leverage (%) 1.9 1.9 1.9 1.9 1.9 EU 7e of which: to be made up of CET1 capital (percentage points) 1.1 1.1 1.1 1.1 1.1 EU 7f of which: to be made up of Tier 1 capital (percentage points) 1.4 1.4 1.4 1.4 1.4 EU 7g T otal SREP own funds requirements (%) 9.9 9.9 9.9 9.9 9.9 Combined buffer and overall capital requirements (as a percentage of risk-weighted exposure amount) 8 Capital conservation buffer (%) 2.5 2.5 2.5 2.5 2.5 9 Institution-specific countercyclical capital buffer (%) 2.0 2.0 2.0 2.0 2.0 11 Combined buffer requirement (%) 4.5 4.5 4.5 4.5 4.5 EU 11a Overall capital requirements (%) 14.4 14.4 14.4 14.4 14.4 12 CET1 available after meeting the total SREP own funds requirements (%) 11.4 11.4 11.7 12.2 12.5 Leverage ratio 13 T otal exposure measure 136,046 135,366 134,221 133,161 131,258 14 Leverage ratio (%) 5.4 5.4 5.4 5.5 5.4 Additional own funds requirements to address the risk of excessive leverage (as a percentage of total exposure measure) EU 14a Additional own funds requirements to address the risk of excessive leverage (%) – – – – – EU 14b of which: to be made up of CET1 capital (percentage points) – – – – – EU 14c T otal SREP leverage ratio requirements (%) 3.0 3.0 3.0 3.0 3.0 Leverage ratio buffer and overall leverage ratio requirement (as a percentage of total exposure measure) EU 14d Leverage ratio buffer requirement (%) – – – – – EU 14e Overall leverage ratio requirement (%) 3.0 3.0 3.0 3.0 3.0 Liquidity coverage ratio 15 T otal high-quality liquid assets (HQLA) (weighted value – average) 12,035 11,862 11,252 11,266 11,789 EU 16a Cash outflows – total weighted value 4,403 4,384 4,282 4,047 3,873 EU 16b Cash inflows – total weighted value 398 451 494 302 383 16 T otal net cash outflows (adjusted value) 4,006 3,933 3,788 3,745 3,490 17 Liquidity coverage ratio (%) 300.4 301.6 297.0 300.8 337.8 Net stable funding ratio 18 T otal available stable funding 116,779 119,555 115,023 116,786 111,423 19 T otal required stable funding 99,385 98,584 97,633 97,111 94,941 20 Net stable funding ratio (%) 117.5 121.3 117.8 120.3 117.4 continued Note 1 EU KM1 – Key metrics template
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Landshypotek Bank AB Interim Report January – September 2026 Page 17 continued Note 1 EU CC1 – Composition of regulatory own funds Landshypotek Bank AB SEK million 30 Sep 2026 31 Dec 2025 1 Capital instruments and the related share premium accounts 2,253 2,253 of which: member contributions of which: share capital 2,253 2,253 2 Retained earnings 1) 4,650 4,289 3 Accumulated other comprehensive income (and other reserves) 4 3 EU-5a Independently reviewed interim profits net of any foreseeable charge or dividend 156 393 6 CET1 capital before regulatory adjustments 7,063 6,939 7 Additional value adjustments -14 -13 8 Intangible assets (net of related tax liability) (negative amount) -37 -42 10 Deferred tax assets that rely on future profitability excluding those arising from temporary differences (net of related tax liability where the conditions in Article 38 (3) CRR are met) (negative amount) 0 – 12 Negative amounts resulting from the calculation of expected loss amounts -304 -286 27a Other regulatory adjustments -6 -3 28 Total regulatory adjustments to CET1 capital -360 -344 29 CET1 capital 6,703 6,594 30 Capital instruments and the related share premium accounts 900 900 31 of which: classified as equity under applicable accounting standards 900 900 34 Qualifying Tier I capital included in consolidated A T1 capital issued by subsidiaries and held by third parties – – 44 Additional Tier 1 (AT1) capital 900 900 45 Tier 1 capital (T1 = CET1 + AT1) 7,603 7,494 46 Capital instruments and the related share premium accounts 0 600 48 Qualifying own funds instruments included in consolidated Tier 2 capital issued by subsidiaries and held by third parties – – 58 Tier 2 (T2) capital 0 600 59 Total capital (TC = T1 + T2) 7,603 8,094 60 Total risk-weighted exposure amount 34,354 34,901 61 CET1 capital ratio (%) 19.5 18.9 62 Tier 1 capital ratio (%) 22.1 21.5 63 T otal capital (%) 22.1 23.2 64 Institution CET1 overall capital requirements (%) 10.1 10.1 65 of which: capital conservation buffer requirement (%) 2.5 2.5 66 of which: countercyclical capital buffer requirement (%) 2.0 2.0 EU-67b of which: additional own funds requirements to address risks other than the risk of excessive leverage (%)2) 1.1 1.1 68 Common Equity Tier 1 capital (as a percentage of risk exposure amount) available after meeting the minimum capital requirements 2) 12.2 13.3 1) Item includes other contributed equity. 2) The calculation includes both Pillar I and Pillar II in the minimum capital requirement. Other communication from the bank only encompasses Pillar I.
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Landshypotek Bank AB Interim Report January – September 2026 Page 18 Landshypotek Bank AB SEK million 30 Sep 2026 31 Dec 2025 Internally assessed capital requirement 1) Pillar I capital requirement 2,748 2,792 Percentage of total risk-weighted exposure amount 8.0 8.0 Pillar II capital requirement 670 656 Percentage of total risk-weighted exposure amount 2.0 1.9 Combined buffer requirement 1,546 1,571 Percentage of total risk-weighted exposure amount 4.5 4.5 T otal capital requirement 4,964 5,019 Percentage of total risk-weighted exposure amount 14.5 14.4 Own funds (Tier 1 capital + Tier 2 capital) 7,603 8,094 Percentage of total risk-weighted exposure amount 22.1 23.2 Capital requirement as assessed by Finansinspektionen 2) Pillar I capital requirement 2,748 2,792 Percentage of total risk-weighted exposure amount 8.0 8.0 Pillar II capital requirement 653 663 Percentage of total risk-weighted exposure amount 1.9 1.9 Combined buffer requirement 1,546 1,571 Percentage of total risk-weighted exposure amount 4.5 4.5 Capital requirement, Pillar II guidance – – Percentage of total risk-weighted exposure amount – – T otal capital requirement (incl. Pillar II guidance) 4,947 5,026 Percentage of total risk-weighted exposure amount 14.4 14.4 Own funds (Tier 1 capital + Tier 2 capital) 7,603 8,094 Percentage of total risk-weighted exposure amount 22.1 23.2 Leverage ratio requirement 3) Leverage ratio requirement 4,082 3,995 Percentage of total exposure amount for the leverage ratio 3.0 3.0 Pillar II capital requirement – – Percentage of total exposure measure for the leverage ratio – – Capital requirement, Pillar II guidance – – Percentage of total exposure measure for the leverage ratio – – T otal capital requirement 4,082 3,995 Percentage of total risk-weighted exposure amount 3.0 3.0 Tier 1 capital 7,603 7,494 Percentage of total exposure amount for the leverage ratio 5.6 5.6 1) Pertains to Pillar I capital requirements pursuant to the Capital Requirements Regulation (EU) No 575/2013, Pillar II capital requirements according to the bank’s assessment and the combined buffer requirement pursuant to the Capital Buffers Act (2014:966). 2) Pertains to Pillar I capital requirements pursuant to the Capital Requirements Regulation (EU) No 575/2013, Pillar II capital requirements according to Finansinspektionen’s (SREP 2024) and the combined buffer requirement pursuant to the Capital Buffers Act (2014:966). 3) Pertains to the leverage ratio requirement pursuant to the Capital Requirements Regulation (EU) No 575/2013 and Pillar II capital requirements according to Finansinspektionen’s (SREP 2024). The leverage ratio requirement was introduced in June 2021. continued Note 1 Capital requirements
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Landshypotek Bank AB Interim Report January – September 2026 Page 19 Landshypotek Bank AB 30 Sep 2026 Risk-weighted Own funds Average SEK million Exposure value1) exposure amount2) requirement3) risk weight4) Credit risk – IRB approach 121,251 17,271 1,382 14% Retail – real estate collateral 70,720 4,625 370 7% Corporates 50,418 12,533 1,003 25% Other non-credit-obligation assets 113 113 9 100% Credit risk – Standardised approach 15,436 1,282 103 8% Central governments or central banks 145 0% Regional governments or local authorities 7,302 0% Institutions 928 225 18 24% Corporates 5 5 0 100% Retail 17 12 1 72% Secured by mortgage liens on immovable property 707 404 32 57% Exposures in default 2 2 0 150% Covered bonds 6,330 633 51 10% Operational risk 1,778 142 Credit valuation adjustment risk 550 654 52 119% Additional risk exposure amount under Article 458 CRR (risk-weight floor) 13,106 1,048 Additional stricter prudential requirements based on Article 3 CRR 263 21 To t a l 137,236 34,354 2,748 continued Note 1 Own funds requirement by risk, approach and exposure class Landshypotek Bank AB 31 Dec 2025 Risk-weighted Own funds Average SEK million Exposure value1) exposure amount2) requirement3) risk weight4) Credit risk – IRB approach 118,765 16,603 1,328 14% Retail – real estate collateral 70,496 4,616 369 7% Corporates 48,191 11,909 953 25% Other non-credit-obligation assets 78 78 6 100% Credit risk – Standardised approach 15,071 1,207 97 8% Central governments or central banks 125 0% Regional governments or local authorities 7,116 0% Institutions 1,149 271 22 24% Corporates 5 5 0 100% Retail 18 12 1 70% Secured by mortgage liens on immovable property 411 291 23 71% Exposures in default 2 3 0 131% Covered bonds 6,244 624 50 10% Operational risk 1,778 142 Credit valuation adjustment risk 733 1,103 88 150% Additional risk exposure amount under Article 458 CRR (risk-weight floor) 13,060 1,045 Additional stricter prudential requirements based on Article 3 CRR 1,149 92 To t a l 134,569 34,901 2,792 1) Exposure value calculated in accordance with the CRR. 2) After application of the relevant risk weights. Risk weights for the IRB approach are based on internal risk classification and internal historical data while risk weights as prescribed in the CRR are applied for the standardised approach. 3) Calculated by multiplying the risk-weighted exposure amount by 8 percent. Does not include any buffer requirements. 4) Calculated by dividing the risk-weighted exposure amounts by exposure value for the respective risk/ exposure class.
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Landshypotek Bank AB Interim Report January – September 2026 Page 20 Landshypotek Bank SEK million 30 Sep 2026 30 Jun 2026 31 Mar 2026 31 Dec 2025 30 Sep 2025 Available own funds (amounts) 1 Common Equity Tier 1 (CET1) capital 6,703 6,671 6,638 6,594 6,533 2 Tier 1 capital 7,603 7,571 7,538 7,494 7,433 3 T otal capital 7,603 7,571 7,538 8,094 8,033 Risk-weighted exposure amounts 4 T otal risk-weighted exposure amount 34,354 34,105 33,842 34,901 33,841 4a T otal risk exposure (pre-floor) 34,354 34,105 33,842 34,901 33,841 Capital ratios (as a percentage of risk-weighted exposure amount) 5 Common Equity Tier 1 ratio (%) 19.5 19.6 19.6 18.9 19.3 5b Common Equity Tier 1 ratio considering unfloored TREA (%) 19.5 19.6 19.6 18.9 19.3 6 Tier 1 ratio (%) 22.1 22.2 22.3 21.5 22.0 6b Tier 1 ratio considering unfloored TREA (%) 22.1 22.2 22.3 21.5 22.0 7 T otal capital ratio (%) 22.1 22.2 22.3 23.2 23.7 7b T otal capital ratio considering unfloored TREA (%) 22.1 22.2 22.3 23.2 23.7 Additional own funds requirements to address risks other than the risk of excessive leverage (as a percentage of risk-weighted exposure amount) EU 7d Additional own funds requirements to address risks other than the risk of excessive leverage (%) 1.9 1.9 1.9 1.9 1.9 EU 7e of which: to be made up of CET1 capital (percentage points) 1.1 1.1 1.1 1.1 1.1 EU 7f of which: to be made up of Tier 1 capital (percentage points) 1.4 1.4 1.4 1.4 1.4 EU 7g T otal SREP own funds requirements (%) 9.9 9.9 9.9 9.9 9.9 Combined buffer and overall capital requirements (as a percentage of risk-weighted exposure amount) 8 Capital conservation buffer (%) 2.5 2.5 2.5 2.5 2.5 9 Institution-specific countercyclical capital buffer (%) 2.0 2.0 2.0 2.0 2.0 11 Combined buffer requirement (%) 4.5 4.5 4.5 4.5 4.5 EU 11a Overall capital requirements (%) 14.4 14.4 14.4 14.4 14.4 12 CET1 available after meeting the total SREP own funds requirements (%) 12.2 12.3 12.4 13.3 13.7 Leverage ratio 13 T otal exposure measure 136,055 135,374 134,230 133,166 131,264 14 Leverage ratio (%) 5.6 5.6 5.6 5.6 5.7 Additional own funds requirements to address the risk of excessive leverage (as a percentage of total exposure measure) EU 14a Additional own funds requirements to address the risk of excessive leverage (%) – – – – – EU 14b of which: to be made up of CET1 capital (percentage points) – – – – – EU 14c T otal SREP leverage ratio requirements (%) 3.0 3.0 3.0 3.0 3.0 Leverage ratio buffer and overall leverage ratio requirement (as a percentage of total exposure measure) EU 14d Leverage ratio buffer requirement (%) – – – – – EU 14e Overall leverage ratio requirement (%) 3.0 3.0 3.0 3.0 3.0 Liquidity coverage ratio 15 T otal high-quality liquid assets (HQLA) (weighted value – average) 12,035 11,862 11,252 11,266 11,789 EU 16a Cash outflows – total weighted value 4,403 4,384 4,282 4,047 3,873 EU 16b Cash inflows – total weighted value 398 451 494 302 383 16 T otal net cash outflows (adjusted value) 4,006 3,933 3,788 3,745 3,490 17 Liquidity coverage ratio (%) 300.4 301.6 297.0 300.8 337.8 Net stable funding ratio 18 T otal available stable funding 116,706 119,482 114,692 116,454 111,364 19 T otal required stable funding 99,385 98,584 97,633 97,111 94,941 20 Net stable funding ratio (%) 117.4 121.2 117.5 120.3 117.3 continued Note 1 EU KM1 – Key metrics template
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Landshypotek Bank AB Interim Report January – September 2026 Page 21 Q3 Q3 Q2 Jan–Sep Jan–Sep Full-year SEK million 2026 2025 2026 2026 2025 2025 Interest income Interest income on loans to credit institutions 0 1 0 1 2 5 Interest income on loans to the public 950 965 952 2,825 2,937 3,867 Interest income on interest-bearing securities 86 84 87 254 253 335 Other interest income 2 0 2 5 1 3 T otal interest income 1,038 1,049 1,041 3,085 3,192 4,209 Interest expenses Interest expenses for liabilities to credit institutions -5 -8 -5 -14 -30 -34 Interest expenses for deposits from the public -106 -120 -109 -317 -405 -502 Interest expenses for interest-bearing securities -603 -538 -594 -1,758 -1,614 -2,164 Interest expenses for subordinated liabilities 0 -5 – -3 -15 -20 Interest expenses for derivative instruments -28 -82 -21 -83 -239 -300 Other interest expenses 1) 2) -8 -9 -8 -24 -22 -32 T otal interest expenses -749 -762 -737 -2,199 -2,325 -3,052 T otal net interest income 289 287 304 886 867 1,158 1) Other interest expenses includes interest expenses on the lease liability pertaining to the lease of properties of SEK 0.8 million (expense: 0.5) 2) Landshypotek changed its accounting policy in the last quarter of 2025 and now reports the resolution fee on a new line in the income statement, Imposed fees. Previously it was included in Net interest income. The comparative figures have been restated and, accordingly, do not correspond with those for Q3 2025. All interest income is attributable to the Swedish market. Note 2 Net interest income
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Landshypotek Bank AB Interim Report January – September 2026 Page 22 Q3 Q3 Q2 Jan–Sep Jan–Sep Full-year SEK million 2026 2025 2026 2026 2025 2025 Change in credit loss allowance, Stage 1 1 0 -1 1 0 1 Change in credit loss allowance, Stage 2 0 0 -1 0 0 2 Net credit losses, non-credit-impaired lending 1 0 -2 1 0 3 Change in credit loss allowance, Stage 3 -4 -3 -3 -8 -10 -15 Write-off for the period for confirmed losses -1 0 0 -6 0 -2 Recoveries of previously confirmed losses 0 0 0 0 0 0 Net credit losses, credit-impaired lending -5 -3 -3 -13 -10 -17 T otal net credit losses -4 -3 -5 -12 -10 -14 Note 3 Net credit losses Recognition of loss allowance The bank recognises expected credit losses for financial assets and off-balance-sheet exposures in the credit portfolio, and for the parts of the liquidity portfolio that are classified as financial assets at FVTOCI. Each asset is categorised to one of three stages: • Stage 1 comprises performing assets with no significant increase in credit risk compared with initial recognition; • Stage 2 comprises performing assets with significant increase in credit risk compared with initial recognition; and • Stage 3 comprises defaulted loans. Establishing significant increase in credit risk T o establish whether a loan asset has a significantly increased credit risk compared with the credit risk on initial recognition, among other actions, the bank measures how the asset’s PD risk class has deteriorated since the asset arose. If the risk classification exceeds the bank’s limits for increased credit risk, the asset is classified as Stage 2. The bank’s definition of default corresponds with that set out in external capital adequacy rules. Individually assessed stage 3 credits ECLs for Stage 3 assets are estimated mainly through individual and manual valuation of expected losses based on three scenarios. The assessment is based on current information that takes into consideration macro-economic and borrower-specific factors that could impact future cash flows, such as current and expected economic conditions, time until recovery and the value of pledged collateral. Measurement For Stage 1 assets, the loss allowance is calculated at an amount corre- sponding to 12-months’ expected credit losses. For assets in stages 2 and 3, the loss allowance corresponds to the expected credit losses (ECLs) for the assets’ remaining term. The bank’s expected credit losses are subject to continual assessment at both individual and collective levels. The estimates are based on internally developed statistical models that take into consideration historical data and probability weighted forward-looking macro-economic scenarios. The most important input data used to measure ECLs is: • Probability of Default (PD) – estimates the probability of an agreement entering into default; • Loss Given Default (LGD) – the assessment of how much of the exposure value that Landshypotek Bank stands to lose in the event of default; • Exposure At Default (EAD) – an estimated credit exposure at a future de- fault date after taking into account expected changes in credit exposure in the form of, inter alia, limit utilisation, extra capital repayments, early redemption and expected risk of default; and • The expected maturity matches the term of the agreement, limited to not longer than 30 years. In the majority of the credit portfolio agreements, PD and LGD are based on internal historical data and utilise the bank’s capital adequacy IRB models (see Landshypotek’s Pillar III Report for more information). The estimates have been recalibrated to capture the current financial position. For agreements in the bank’s liquidity portfolio, ECLs are estimated based on, inter alia, the default rates in the rating matrices from an international rating agency. In estimating the future risk, PD and LGD are affected by forecasts for future economic development through macro-economic scenarios. Change in model assumptions and methodology The PD model in the IFRS 9 framework was updated during the quarter, whereby a new approach for segmentation and associated calibration was applied. The total ECL outcome from the new methodology is marginal compared with the previous calibration methodology. Refer to the table in Note 4 for further information. Probability weighted macro-economic scenarios The calculation model weighs together the ECL outcomes based on three macro-economic scenarios (base, improved and deteriorated) for annual expected credit losses over the assets’ lifetimes. In the case of the credit portfolio, the bank’s scenarios include the macro parameters for market interest, GDP and the property price index. The macro parameters are based on forecasts from reputable, external sources and the assessments of internal experts. Parameter projections are made for the first five years and, thereafter, the scenario returns to a long-term expected trend of up till 30 years for the macro parameters. The bank’s three scenarios for future economic developments (base, improved and deteriorated) are weighed together using the likelihood of 60 percent for the base scenario, and 20 percent each for the deteriorated and improved scenarios. In general, a deterioration in the future economic trend will lead to increased credit loss allowances based either on the projected macro parameters or on an increase in the likelihood of the deteriorated scenario taking place. In the same way, improvements in the future economic devel- opment will lead to lower credit loss allowances. An example follows of what the bank’s credit loss allowance would look like if the respective improved or the deteriorated scenarios were assigned a probability of 100 percent, which would impact the mechanically calculat- ed credit loss allowances (individually assessed stage 3 credits have not been included). For more information, refer to Note 4. Scenario Expected credit loss Current loss allowance (including credit reserves for loan commitments are included in the bal- ance-sheet item Provisions) SEK 40.9 million Improved scenario SEK 40.5 million Deteriorated scenario SEK 41.3 million
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Landshypotek Bank AB Interim Report January – September 2026 Page 23 SEK million 30 Sep 2026 30 Sep 2025 31 Dec 2025 Loan receivables, stage 1 116,835 112,677 114,472 Loan receivables, stage 2 3,158 3,025 2,792 Loan receivables, stage 3 830 854 921 Gross loan receivables 120,823 116,556 118,186 Less credit loss allowance -41 -31 -34 Net loan receivables 120,782 116,525 118,151 Disclosures on past due loan receivables, gross Loan receivables past due, 5–90 days 6 8 0 Loan receivables past due, more than 90 days 398 402 370 T otal past due loan receivables, gross 404 410 370 Note 4 Loans to the public Gross loan receivables Non-credit-impaired lending Credit-impaired lendingJanuary – September 2026 SEK million Stage 1 Stage 2 Stage 3 To t a l Opening balance 114,472 2,792 921 118,186 Increases in loan receivables due to origination and acquisition 10,362 120 0 10,482 Decreases in loan receivables due to derecognition -7,700 -61 -78 -7,841 Decrease in loan receivables due to confirmed losses – – -6 -6 Migration between stages from 1 to 2 -1,302 1,302 – 0 from 1 to 3 -26 – 26 0 from 2 to 1 1,018 -1,018 – 0 from 2 to 3 – -76 76 0 from 3 to 2 – 98 -98 0 from 3 to 1 11 – -11 0 Closing balance 116,835 3,158 830 120,823 Gross loan receivables Non-credit-impaired lending Credit-impaired lendingJanuary – December 2025 SEK million Stage 1 Stage 2 Stage 3 To t a l Opening balance 106,918 3,227 987 111,132 Increases in loan receivables due to origination and acquisition 16,987 69 1 17,059 Decreases in loan receivables due to derecognition -9,406 -389 -209 -10,003 Decrease in loan receivables due to confirmed losses – – -2 -2 Migration between stages from 1 to 2 -1,283 1,283 – 0 from 1 to 3 -164 – 164 0 from 2 to 1 1,371 -1,371 – 0 from 2 to 3 – -85 85 0 from 3 to 2 – 58 -58 0 from 3 to 1 47 – -47 0 Closing balance 114,472 2,792 921 118,186
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Landshypotek Bank AB Interim Report January – September 2026 Page 24 Non-credit-impaired Credit-impaired To t a l Of which credit Of which provisions Credit loss allowance lending lending credit loss loss allowance for off-balance- January – September 2026 allowance for balance-sheet sheet SEK million Stage 1 Stage 2 Stage 3 lending assets exposures Opening balance -3 -5 -26 -34 -34 0 Increases due to origination and acquisition 0 0 0 -1 -1 0 Decreases due to derecognition 0 0 0 1 0 0 Decrease in allowance due to write-offs – – 6 6 6 0 Changes due to change in credit risk 1 0 -13 -11 -11 0 Changes due to update in the methodology for estimation 0 0 – 0 0 – Migration between stages from 1 to 2 0 -2 – -2 -2 0 from 1 to 3 0 – 0 0 0 0 from 2 to 1 0 1 – 1 1 0 from 2 to 3 – 0 0 0 0 0 from 3 to 2 – 0 1 0 0 0 from 3 to 1 0 – 0 0 0 0 Closing balance -2 -6 -33 -41 -41 0 Non-credit-impaired Credit-impaired To t a l Of which credit Of which provisions Credit loss allowance lending lending credit loss loss allowance for off-balance- January – December 2025 allowance for balance-sheet sheet SEK million Stage 1 Stage 2 Stage 3 lending assets exposures Opening balance -4 -8 -10 -22 -22 0 Increases due to origination and acquisition -1 0 0 -1 -1 0 Decreases due to derecognition 0 1 1 3 2 0 Decrease in allowance due to write-offs – – -2 -2 -2 0 Changes due to change in credit risk 1 2 -15 -12 -12 0 Changes due to update in the methodology for estimation – – – – – – Migration between stages from 1 to 2 0 -2 – -2 -2 0 from 1 to 3 0 – -1 0 0 0 from 2 to 1 0 1 – 1 1 0 from 2 to 3 – 1 0 1 1 0 from 3 to 2 – 0 0 0 0 0 from 3 to 1 0 – 0 0 0 0 Closing balance -3 -5 -26 -34 -34 0 Collateral exists in the form of immovable property for lending. For more information about the recognition of credit loss allowances, and estimates and critical assessments, refer to Note 3. continued Loans to the public
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Landshypotek Bank AB Interim Report January – September 2026 Page 25 Note 5 Fair-value hierarchy for financial instruments 30 Sep 2026 31 Dec 2025 SEK million Level 1 Level 2 Level 3 To t a l Level 1 Level 2 Level 3 To t a l Financial assets at FVTOCI Eligible treasury bills, etc. 4,600 – – 4,600 4,410 – – 4,410 Bonds and other interest-bearing securities 9,029 – – 9,029 8,951 – – 8,951 Derivatives identified as hedging instruments Interest-rate swaps – 598 – 598 – 747 – 747 Cross-currency interest-rate swaps – 291 – 291 – 340 – 340 T otal assets measured at fair value 13,630 889 – 14,519 13,361 1,087 – 14,448 Derivatives identified as hedging instruments Interest-rate swaps – 969 – 969 – 956 – 956 Cross-currency interest-rate swaps – 9 – 9 – 13 – 13 T otal liabilities measured at fair value – 978 – 978 – 968 – 968 All financial assets and liabilities measured at fair value are classified according to a valuation hierarchy. This hierarchy reflects the observable prices or other information included in the valuation techniques applied. Ahead of each quarter, the values of quoted prices are assessed with regard to whether or not they represent actual and regularly occurring transac- tions. Transfers can be made between levels in the hierarchy when indications exist that market conditions, e.g., liquidity, have changed. No transfers were made between the levels. Level 1 only comprises listed mortgage bonds and bonds issued by municipalities and county councils. Level 2 comprises derivative instruments and financial liabilities for which there are well-established measuring models based on market data. Level 1 The fair value of financial instruments traded on an active market is based on the bid price of quoted market prices. Level 2 The fair values of financial instruments and derivative instruments not traded on an active market are calculated using the valuation technique of discounting future cash flows. Quoted market rates for the tenor in question are used for discounting. In all cases, listed swap curves are utilised as the basis for measurement. Listed credit spreads relative to the interest-rate swap curve were utilised for measuring the value of bond assets. The interest-rate and cross-currency basis swap curves are used for measurement of interest-rate and cross-currency inter - est-rate swaps, respectively. Level 3 Input for assets/liabilities that are not based on observable market data.
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Landshypotek Bank AB Interim Report January – September 2026 Page 26 Note 6 Fair Value Disclosures 30 Sep 2026 SEK million Level 1 Level 2 Level 3 Fair value Carrying amount Assets Cash and balances with central banks – – – – – Eligible treasury bills 4,600 – – 4,600 4,600 Loans to credit institutions 1) – 75 – 75 75 Loans to the public – 121,835 – 121,835 120,782 Value change of interest-hedged items in portfolio hedges -143 -143 -143 Bonds and other interest-bearing securities 9,029 – – 9,029 9,029 Derivatives – 889 – 889 889 T otal assets 13,630 122,657 – 136,287 135,234 Liabilities Liabilities to credit institutions – 1,508 – 1,508 1,508 Deposits from the public – 25,589 – 25,589 25,589 Debt securities issued, etc. – 98,920 – 98,920 99,105 Derivatives – 978 – 978 978 Subordinated liabilities – – – – – Other liabilities – 320 – 320 320 T otal liabilities 0 127,315 – 127,315 127,500 1) The Riksbank’s interest-free deposit requirement has been excluded from the line item Loans to credit institutions as it is not assessed as meeting the definition of a financial instrument. 31 Dec 2025 SEK million Level 1 Level 2 Level 3 Fair value Carrying amount Assets Cash and balances with central banks – 103 – 103 103 Eligible treasury bills 4,410 – – 4,410 4,410 Loans to credit institutions 1) – 100 – 100 100 Loans to the public – 119,325 – 119,325 118,151 Value change of interest-hedged items in portfolio hedges – 4 – 4 4 Bonds and other interest-bearing securities 8,951 – – 8,951 8,951 Derivatives – 1,087 – 1,087 1,087 T otal assets 13,361 120,619 – 133,980 132,806 Liabilities Liabilities to credit institutions – 1,143 – 1,143 1,143 Deposits from the public – 25,945 – 25,945 25,945 Debt securities issued, etc. – 95,906 – 95,906 96,138 Derivatives – 968 – 968 968 Subordinated liabilities 602 – – 602 601 Other liabilities – 560 – 560 560 T otal liabilities 602 124,522 – 125,124 125,355 1) The Riksbank’s interest-free deposit requirement has been excluded from the line item Loans to credit institutions as it is not assessed as meeting the definition of a financial instrument.
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Landshypotek Bank AB Interim Report January – September 2026 Page 27 Alternative performance measures Alternative performance measures (APMs) are financial metrics of historical or future performance, financial position or cash flows that are not defined in the applicable rules for financial reporting (for example, IFRS or the Swedish Annual Accounts Act for Credit Institutions and Securities Companies) nor in the capital adequacy rules. The bank uses APMs when these are relevant for the presentation and follow-up of the bank’s financial performance over time and when these metrics are deemed by the bank to provide additional valuable information to readers of the financial reports. APMs can be calculated with various approaches and, accordingly, the bank’s metrics are not directly comparable with similar metrics presented by other companies. The definitions of the APMs are set out below. Key financial ratios Definition Change in loans to the public, % The percentage increase in loans to the public during the period. The APM is relevant for monitoring lending growth, which affects the company’s financial performance. Interest margin, L TM, % Net interest income over the last 12 months in relation to average lending during the period. The APM aims to showcase the interest margin trend in the credit portfolio. Change in deposits from the public, % The percentage increase in deposits from the public during the period. The APM is relevant for monitoring deposits growth, which affects the company’s financial performance. C/I ratio including financial transactions Costs in relation to income including the net result of financial transactions. The APM aims to showcase the company’s cost efficiency. C/I ratio excluding financial transactions Costs in relation to income excluding the net result of financial transactions. The APM aims to showcase the company’s cost efficiency. Credit loss level, % Net credit losses for the period restated on an annualised basis in relation to average lending during the period. The APM aims to showcase the credit quality and credit risk level in the credit portfolio. Net credit-impaired assets after allowances as a percentage of total loans outstanding, % Net credit-impaired assets in relation to loans to the public. The APM aims to showcase the credit quality in the credit portfolio and the risk of future credit losses. Return on equity, % Net profit for the year divided by average equity after adjustment for Tier 1 capital debt. The APM aims to provide further information regarding the company’s profitability in relation to equity. Earnings per share, SEK Net profit for the year in relation to the number of shares. The APM is relevant for measuring how much profit the bank generates for its owners.
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Landshypotek Bank AB Interim Report January – September 2026 Page 28 Q3 Q3 Q2 Jan–Sep Jan–Sep Full-year SEK million 2026 2025 2026 2026 2025 2025 Change in loans to the public 1,462 874 507 2,631 5,415 7,042 Opening balance, loans to the public 119,320 115,651 118,814 118,151 111,110 111,110 Change in loans to the public, % 1.2 0.8 0.4 2.2 4.9 6.3 Net interest income, accumulated L TM 1,177 1,102 1,174 1,177 1,102 1,158 Average loans to the public, L TM 118,865 113,227 117,930 118,865 113,227 115,252 Interest margin, L TM, % 1) 0.99 0.99 1.00 0.99 0.99 1.00 Change in deposits from the public -131 -327 478 -356 -446 -1,145 Opening balance deposits from the public 25,720 26,970 25,242 25,945 27,090 27,090 Change in deposits from the public, % -0.5 -1.2 1.9 -1.3 -1.6 -4.2 Costs before credit losses -142 -134 -171 -481 -453 -621 T otal operating income 299 296 305 914 862 1,183 C/I ratio including financial transactions 1) 0.48 0.45 0.56 0.53 0.53 0.53 Costs before credit losses -142 -134 -171 -481 -453 -621 T otal operating income excluding financial transactions 297 295 313 911 861 1,191 C/I ratio excluding financial transactions 1) 0.48 0.45 0.55 0.53 0.53 0.52 Net credit losses calculated on a full-year basis -17 -12 -19 -15 -13 -14 Average loans to the public, L TM 118,865 113,227 117,930 118,865 113,227 115,252 Credit loss level, % 2) 0.01 0.01 0.02 0.00 0.00 0.01 Credit-impaired assets, net 817 835 881 817 835 888 Loans to the public 120,782 116,525 119,320 120,782 116,525 118,151 Net credit-impaired assets after allowances as a percentage of total loans outstanding, % 0.68 0.72 0.74 0.68 0.72 0.75 Profit after tax 393 Average L TM equity 6,881 Return on equity, % 5.7 Profit after tax 393 Number of shares, million 2 Earnings per share, SEK 196.5 1) Landshypotek changed its accounting policy in 2025 and now reports the resolution fee on a new line in the income statement, Imposed fees. Previously it was included in Net interest income. The comparative figures have been restated and, accordingly, do not correspond with those for Q3 2025. 2) The APM is defined in IFRS continued Alternative performance measures
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Landshypotek Bank AB Interim Report January – September 2026 Page 29 Auditor’s review report (unofficial translation) Landshypotek Bank AB (publ) Corp. Reg. No.: 556500-2762 Introduction We have reviewed the interim report of Landshypotek Bank AB (publ) as of 30 September 2026 and the nine-month period then ended. The Board of Directors and the CEO are responsible for the preparation and presentation of this interim report in accordance with IAS 34 and the Swedish Annual Accounts Act for Credit Institutions and Securities Companies. Our responsibility is to express a conclusion on this interim report based on our review. Scope of Review We conducted our review in accordance with the International Standard on Review Engagements ISRE 2410, Review of Interim Report Performed by the Independent Auditor of the Entity. A review consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing, ISA, and other generally accepted auditing standards in Sweden. The procedures performed in a review do not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Ac- cordingly, we do not express an audit opinion. Conclusion Based on our review, nothing has come to our attention that causes us to believe that the interim report is not pre- pared, in all material respects, in accordance with IAS 34 and the Swedish Annual Accounts Act for Credit Institutions and Securities Companies. Stockholm, 23 October 2026 KPMG AB Dan Beitner Authorised Public Accountant
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Landshypotek Bank AB Interim Report January – September 2026 Page 30 Reporting calendar 2027 Landshypotek Bank’s reports are available at: www.landshypotek.se/ en/about-landshypotek/about-landshypotek-bank/ Y ear-end report 2026: 4 February 2027 Annual Report 2026 9 March 2027 General Meeting 21 April 2027 Interim report Jan – Mar 2027 23 April 2027 For further information, please contact: Anna Casselblad CFO +46 707 510 576 Johan Ericson Chief Executive Officer Can be reached through Anna Casselblad Landshypotek Bank AB (publ) Corp. Reg. No.: 556500-2762 Box 14092 SE- 104 41 Stockholm www.landshypotek.se This is a translation of a Swedish original. In the event of any discrepancy, the Swedish version shall prevail.