Nordnet 9M 2021 Financial Overview

Indicative Term Sheet Nordnet Issuer Status of Notes Currency & Principal Amount Maturity date First call date Issuer redemptions options Initial call period Early redemption Call price Coupon Nordnet AB (publ) Additional Tier 1 Notes, constituting unsecured, subordinated obligations of the issuer Expected SEK 500 million Perpetual [] November 2026 At par on any date from and including () November 2026 to and including [•] February 2027 and callable on every Coupon Payment Date thereafter, subject to the Competent Authority The period commencing on (and including) the First Call Date, [] November 2026, and ending on (and including) the Interest Payment Date falling on or immediately after three (3) month of the First Call Date Capital Disqualification Event and Tax Event 100.000% Interest cancellation Loss absorption Trigger event Governing Law Exchange Listing Denomination Joint Lead Managers 3 month Stibor + ( ) bps, paid quarterly in arrears, Actual/360, modified following, adjusted Any payment of Interest in respect of the Notes shall be payable only out of the Issuer's Distributable Items and (i) may be cancelled, at any time, in whole or in part, at the option of the Issuer in its sole discretion and notwithstanding that it has Distributable Items or that it may make any distributions pursuant to the Applicable Banking Regulations; or (ii) will be mandatorily cancelled, to the extent so required by the Applicable Banking Regulations, including the applicable criteria for Additional Tier 1 Capital instruments Upon a Trigger Event, the Total Nominal Amount shall be reduced (in whole or in part, and in each case as determined by the Issuer in consultation with the Swedish FSA) by an amount sufficient to restore the CET1 ratio of the Issuer Consolidated Situation to at least 7.00 per cent., at the point of such write-down, provided that the maximum reduction of the Total Nominal Amount shall be down to SEK 250 (i.e. down to a Nominal Amount per Note of SEK 1) CET1 ratio, of the Issuer Consolidated Situation, has fallen below 7.00 per cent Swedish Law NASDAQ Stockholm SEK 2,000,000 and integral multiples of SEK 2,000,000 in excess thereof Nordea Bank Abp and SEB Public presentation 54 37

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