A specialised consumer finance company growing across the Nordics Company presentation Disclaimer ABOUT THIS PRESENTATION This presentation has been prepared solely for information purposes by Komplett Bank ASA (the “Company” or “Komplett Bank”). This presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated ("relevant persons"). Any person who is not a relevant person should not act or rely on the presentation or any of its contents. This presentation does not constitute an offering of securities or otherwise constitute an invitation or inducement to any person to underwrite, subscribe for or otherwise acquire securities in Komplett Bank. The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law, and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about, and observe, such restrictions. The presentation and the conclusions contained herein are necessarily based on economic, market and other conditions, as in effect on, and the information available to Komplett Bank as of, its date. The presentation does not purport to contain a complete description of Komplett Bank or the markets in which the bank operates. Neither Komplett Bank nor any of its affiliates or any third party have independently verified any information used in preparing this presentation. Neither Komplett Bank nor any of the affiliates (nor any of its or their respective directors, officers, employees, professional advisers or representative) makes any representation or warranty, express or implied, with respect to the fairness, correctness, accuracy, reasonableness or completeness of such information, these materials (including, without limitation, any opinion contained therein), any of their contents or any of the results that can be derived from the presentation or any written or oral information provided in connection therewith. Without limiting a person's liability for fraud, no responsibility or liability (whether in contract, tort or otherwise) is or will be accepted by Komplett Bank or any of its affiliates or any of its or their respective directors, officers, representatives, employees, advisers or agents) as to, or in relation to, the presentation, its contents, the accuracy, reliability, adequacy or completeness of the information used in preparing these materials, any of their contents or any of the results that can be derived from the presentation or any written or oral information provided in connection therewith. Any statement, estimate or projections included in the presentation (or upon which any of the conclusion contained herein are based) with respect to anticipated future performance may prove not to be correct. No representation or warranty is given as to the completeness or accuracy of any information in this presentation, including forward-looking statements contained in the presentation or the accuracy of any of the underlying assumptions. Nothing contained herein shall constitute any representation or warranty as to the future performance of Komplett Bank, any financial instrument, credit, currency rate or other market or economic measure. Neither Komplett Bank nor any of its affiliates has verified the achievability of any estimate or forecast of future financial performance contained herein. Information about past performance given in these materials is given for illustrative purposes only and should not be relied upon as, and is not, an indication of future performance. Neither Komplett Bank nor any of its affiliates accepts or will accept any responsibility, duty of care, liability or obligations for providing any relevant person with access to additional information, for updating, modifying or otherwise revising the presentation or any of its content which may become apparent, or for notifying any relevant person or any other person of any such inaccuracy. By accepting these materials, each relevant person represents and warrants that it is able to receive them without contravention of legal or regulatory restrictions in the jurisdiction in which such recipient resides or conducts business. By accepting the presentation, each relevant person agrees to be bound by the foregoing limitations. 2 Banking is changing In an increasingly digital society, with a multitude of available options, we understand the importance of flexibility 3 We provide flexible, convenient loans for creditworthy customers Digital platform Specialised consumer Providing flexibility with online offering finance solutions when people need it Consumer loans Credit cards Point-of-sales finance Deposit accounts 4 Nordic countries receptive for digital consumer consumer banking offering digital for receptive countries Nordic World’s 50 most digitised countries (NRI index (NRI digitised countries most 50 World’s Source: Source: WorldThe Economic Forum * Singapore benefit from emergingbenefit from technologies and capitalise on opportunities the digitaltransformationfrom Networked Readiness Index used iscountries’World to(NRI) byEconomic assess the Forum preparedness Finland Sweden Norway United States Netherlands Switzerland United Kingdom Luxembourg Japan Denmark Hong Kong South Korea Canada Germany Iceland New Zealand Australia Taiwan Austria Israel Estonia Belgium France Ireland * UAE ) (2016) Qatar Bahrain Lithuania Portugal Malaysia Latvia Saudi Arabia Malta Spain Czech Republic Slovenia ** ** Definitions consumer between differof may creditcountries. Currency conversionsare basedhistorical on annual averageconversion rates Chile Kazakhstan Cyprus Russia Poland Uruguay Costa Rica Italy Macedonia Slovakia Turkey Mauritius Hungary Finland and Norway (EUR billion) (EUR Norway and Finland Sweden, loans consumer Total 2008 Financial Supervisory Supervisory Financial Authority (FI), Bank Finland’s Source: Supervisory Financial Norwegian Authority (NFSA), Swedish 2009 2010 2011 Sweden 2012 2013 Finland 2014 2015 Norway 2016 ** 2017 2018 5 5 10 15 20 25 30 35 40 45 50 A Nordic specialised consumer finance company • Offering flexible consumer financing solutions to customers across the Nordics • 247,000 customers across four product areas in Norway, Sweden and Finland • Strategic partnership with Komplett Group, largest e-commerce company in the Nordics • Multichannel distribution via own websites and agents • Digital and scalable, low-cost operations • Robust balance sheet, well capitalised for further growth • Founded in 2014, listed on Oslo Stock Exchange in 2017 Consumer loans Credit cards Point-of-sales finance Deposit accounts 76,000 customers 53,000 customers 95,000 customers 24,000 customers NOK 7,176 million net loans NOK 785 million net loans NOK 400 million net loans NOK 8,754 million deposits Q3 2019 figures 6 Proven track record since inception Net loans (NOK million) Profitability 7 844 331 274 5 461 25% 30% 23% 3 322 129 4% 1 601 442 11 2014 2015 2016 2017 2018 2015 2016 2017 2018 Profit after tax (NOK million) Return on equity Net loans CAGR 2014 - 2018 Average ROE 2016 - 2018 Total capital ratio as of Q4 2018 105% 26% 21.4% 7 Longstanding partnership with Komplett Group strengthens distribution Close cooperation with Komplett Group, 2018 revenue distribution the largest e-commerce company in the Nordics: • IP rights (trade mark, brand). Komplett brand 14% name ranked among the strongest brands in Norway* 51% 35% • Loyalty card (Komplett Bank Mastercard). Tailored to online shopping offering an attractive award program integrated with Norway Komplett Rest of Nordics Germany • Distribution of point-of-sales finance products through “KomPay” checkout platform in Komplett flagship stores 2018 key figures NOK 8.6 billion 100 million 1.6 million revenues site visits active customers *Source: BI Norwegian Business School research - Norsk Kundebarometer 8 Strategic support from Canica solidifies long term platform Selection of Canica portfolio companies within retail • Largest Komplett Bank shareholder with 19.5% ownership • Among the largest privately owned investment companies in Norway with NOK 34 billion in assets under management Largest e-commerce company in the Nordics Norwegian hardware store • Active, long-term ownership, within sectors such as retail, Revenues 2018 NOK 8.6 billion Revenues 2018: NOK 1.15 billion consumer goods, real estate and manufacturing Canica ownership: 98% Canica ownership: 100% • Provides core expertise within business development and finance Global branded consumer goods supplier • Extensive network of Nordic retail companies, including Danish Brand and trading house within Kitchen, living and dining Revenues 2018: NOK 40 billion Komplett Group Revenues 2018: NOK 1.01 billion Canica ownership: 19% Canica ownership: 100% 9 Experienced and seasoned management team Mr. Haglund was appointed CEO in January 2019. Mr. Haglund has Director of Credit Cards since March 2018. Mr. Holtedahl has more Mrs. Dolve worked as a Project Director in the Bank since early 2017, worked at Komplett Bank since 2015 and has previously held the than 18 years of experience working with consumer finance, credit and then Director Loans Sweden & Finland from March 2018. In June positions of Chief Financial Officer (CFO) and Chief Strategy Officer cards and financial services. Previous positions include Co-Founder, 2019 she was appointed the Director Credit Risk and Collections. She (CSO). He has an extensive background from the financial services CFO