Avanza Bank : Company presentation, May 2026

May 2026

AVANZA II

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+7 234 Lr

Compan

presentation

and investment stozy

Overview

Avanza's evolution since foundation in 1999

2

Overview

Sweden's leading platform for savings and investments

No. 1 long-term target is to have the most satisfied savings customers in Sweden -

won for the last 16 consecutive years

2,310,400

customers

SEK 1,133 bn

in savings capital

697

employees and

eNPS of

57

Yearly average 2025

SQI, December 2025

8.4%

30 April 2026 30 April 2026

market share of the Swedish savings market

31 March 2026

3

Overview

Over 80,000 investment opportunities, together with decision-making tools, inspiration and education

Equity trading

Retirement plans

Mortgages and margin lending

Mutual funds

Savings accounts

4

Overview

We don't give advice, but focus on decision-making tools

• The Avanza Academy

• The Avanza blog, podcasts and YouTube

• Auto funds

• Portfolio generator

• Stock generator

• Independent news site Placera

• Analysis tools

5

Overview

Business model built on scale

200

180

160

140

Basis points

120

100

80

60

40

20

2004

0

142

73

1 200 000

Savings capital, SEK m

1 000 000

800 000

600 000

400 000

47

200 000

14

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

0

2026 Q1

Savings capital Income/savings capital Cost/savings capital

6

Overview

Capital light, fee-based business model

1. Mainly income from Avanza Markets, compensation for distribution and stock lending, but also

   advertising sales, subscriptions and customer's add-on services.

   • Mainly fixed costs, ~60% staff related

     2025	% of income
     Net brokerage income	28
     Fund commissions, net	17
     Currency-related income, net	16
     Net interest income (NII)	33
     Other income, net 1)	6

   • High scalability

   • Self-finances through shareholders' equity

     and customer deposits

   • High-interest rate sensitivity

   • Capital-efficient and low risk balance sheet

7

Overview

Strong position and asset quality

Limited on balance sheet lending

SEK 31.0 bn

31 March 2026

No realised credit losses for over 10 years

On balance sheet deposits

SEK 113.8 bn

31 March 2026

19.5%

Solid financial position

High platform

CET1 ratio

4.2%

40% 60%

availability

99.9%

Leverage ratio

ROE Profit margin

31 March 2026 January - March 2026 January - March 2026

8

Overview

We focus on what's best for the customer

How?

What?

Why?

The best tool to help you successfully manage your finances

Cheaper, Better, Simpler

Create a better future for millions of people

9

Overview

A typical Avanza product team is fully equipped to reach its mission

QA

• Product teams are experts within their domain and

  have all necessary skills in product development

• The same team innovates, optimises and maintains their product throughout its life cycle

• The team works within a larger area to ensure alignment with overall customer journey, product strategy and goals

Product specialist

UX

UI Designer

Product owner

Front-end

Front-end

Back-end

Back-end

10

Overview

We innovate together with our customers

Customers can sign up for beta functionality to become test users of early releases of new features and provide feedback.

When we release a new feature, we initially roll it out only to a limited number of customers, await their feedback and make improvements accordingly, before releasing it broadly.

Our "feedback buddy" system also keeps our

product teams close to the customers.

We work systematically with A/B testing, sharing insights between all product teams.

We also meet with hundreds of customers for interviews and user tests each year -and conduct surveys to understand our

customers' needs.

11

Overview

World-class user experience

It is in our DNA to constantly make improvements for the benefit of our customers.

Our customer experience is extremely quick, and our platform is packed with real-time data.

The key is to create an experience empowers our customers to make informed investment decisions.

We collect customer data systematically -

no one else in the industry has as much

data and knowledge about retail savings and investments as Avanza.

We have a well-developed design system that allows us to maintain consistency in our product and roll out design changes within minutes.

During the past year, we have taken

major steps to make our services accessible for customers with disabilities.

12

Overview

A diversified customer base of over 2 million

Our customers have different types of behaviours and needs - and our offering includes

something for everyone

Novice Save Invest Trade For fun

Risk-averse, is not active and wants everything to run smoothly with minimal effort

Takes an interest in their economy, but needs some help and would like to learn more

Very interested in savings and has a well thought out long-term strategy for their investments

Professional trader, very active and makes both long-and short-term investments

Sees investing as a hobby, makes decisions based on gut feeling or recommendations and hopes for "skyrockets"

13

Overview

A strong brand and a loyal customer base NPS 41

SQI, 2025

Highest considered financial company in Sweden in

Verian's yearly survey

Daily active users R12M ~ 454,200

31 March 2026

Most satisfied savings customers in Sweden -

won for the last 16 consecutive years

SQI, 2025

Churn R12M

0.9%

31 March 2026

14

Overview

Our superior customer experience, also makes us the perfect partner for product challengers

Mutual fund platform

Over 1,300 external funds on the platform and exclusive cooperations for actively

managed funds Third party savings

High yielding savings accounts with a number of partner banks

Mortgages

Our partners deliver low interest mortgages through

our interface Exchange traded products

Exclusive exchange traded products with 0 brokerage fees

15

Overview

Social, environmental and economic sustainability are reflected in what we do and who we are

Sustainable organisation

Working actively to increase gender equality, diversity and employee engagement as well as tracking our climate impact and striving to reduce our ecological footprint - working towards net zero emissions.

Educate & challenge

Working for improved financial literacy, more transparency in the finance industry and for increased gender equality in savings.

Sustainable investments

Offering sustainable alternatives and striving to make it easier for our customers to invest sustainably through concise information, decision support and education -while we do not offer investment advice.

16

Overview

Customer growth drives net inflow

160 000

140 000

120 000

100 000

New customers

80 000

60 000

40 000

20 000

0

-20 000

-40 000

40 000

35 000

30 000

Net inflow, SEK m

25 000

20 000

15 000

10 000

5 000

0

-5 000

-10 000

Customer inflow Net inflow

17

Position

Market share of 10% rolling 12M of net savings on the Swedish savings market1)

80%

70%

60%

50%

40%

30%

20%

10%

0%

-10%

-20%

-30%

-40%

-50%

-60%

Avanza´s market share of the savings capital Avanza´s market share of the net inflow Avanza´s market share of the net inflow, R12m

Avanza's share of the net inflow was affected by large outflows in deposits and individual pensions at other institutions in Q4 2023 as well as outflows in deposits in Q3 2024.

Q2-14 Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Q1-17 Q2-17 Q3-17 Q4-17 Q1-18 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26

Q4 2022 includes a portfolio sale of collectively agreed occupational pensions of SEK 2.4 billion to Futur Pension

The net inflow to Avanza is seasonally higher in Q1 and lower in Q2. In Q2 this is due to dividends, tax refunds, higher pension

18 premiums and partly annual payments to contractual pensions, which are not included in Avanza's customer offering.

1) SCB has revised the statistics for the entire time series in Q3 2024, with additional adjustments in Q4 2024, Q1 2025 and in Q4 2025. As a result, historical figures have been updated.

Position

Significant growth potential with 8.4% market share of the Swedish savings market

5,000

• The Swedish savings market: SEK 12,700 billion2)

  4,500

  4,000

  3,500

  3,000

  2,500

  2,000

  1,500

  1,000

  500

  0

  SEK 1,475 bn

  SEK 4,567 bn

  SEK 1,011 bn4)

  1,9%

SEK 2,823 bn

3,7%

Capital on the Swedish savings market

Avanza's share

11,9%

SEK 2,118 bn

SEK 1,739 bn

23,9%

• Annual market growth of on

  average 6% last ten years2)

• An estimated 70% of the Swedish population saves in funds3) and 27% own shares4)

Individual pensions incl. life insurance

Occupational pensions Deposits/savings accounts Mutual funds Shares, bonds and other

securities

2) SCB data as of 31 March 2026

3) Fondbolagens förening

4) Euroclear data as of 31 March 2026

1) SCB has revised the statistics for the entire time series in Q3 2024, with additional adjustments in Q4 2024, Q1 2025, and in Q4 2025. As a result, historical figures have been updated.

19 4) The occupational pension market can be divided into traditional life and unit-linked insurance. Traditional life stands for 60 per cent and unit-linked for around 40 per cent. Avanza is active within unit-linked insurance outside of collectively agreed occupational pensions, which at the end of 2024 was valued at SEK 1,011 billion. The figures are published with a lag.

14,8%

Position

The largest Swedish participant in stock market transactions and turnover on Nasdaq OMX and First North

• Market share of 20.8% in terms of transactions and 8.7% of turnover in Q1 2026

Transactions Turnover

Avanza

SHB

Nordea

DNB

Carnegie

Swedbank

Nordnet

SEB

Skandiabanken

20