OTP Bank : Extraordinary General Meeting Translation of the Hungarian presentation

EXTRAORDINARY GENERAL MEETING

Translation of the Hungarian presentation

15 October 2021

Agenda of the Extraordinary General Meeting

1. Authorization for the Board of Directors to sell the (own) shares owned by OTP Bank Plc. to the Special Employee Co-Ownership Program to be created by the employees of the OTP Bank Plc.
2. Decision on providing support to the Special Employee Co-Ownership Program to be created by the employees of the OTP Bank Plc.

Extraordinary General Meeting - 15 October 2021

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Item 1 on the Agenda

Authorization for the Board of Directors to sell the (own) shares owned by OTP Bank Plc. to the Special Employee Co-Ownership Program to be created by the employees of the OTP Bank Plc.

Presented by: Dr. Sándor Csányi

Chairman of the Board of Directors & Chief Executive Officer

Contents

Overview of OTP Group's performance

Authorization for the Board of Directors to sell the (own) shares owned by OTP Bank Plc. to the Special Employee Co-Ownership Program to be created by the employees of the OTP Bank Plc.

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Summary: Overview of OTP Group's performance

This year the adjusted return on equity is once again approaching the pre-pandemic level of 20%, as risk costs declined after a temporary jump in 2020. In the first half of 2021 the Group generated a record-breaking profit.

In Hungary, credit growth remained exceptionally high even during the pandemic, largely due to state subsidized lending schemes. The loan volume decline at some of the Group's foreign subsidiaries last year is expected reverse this year.

Credit quality has not deteriorated despite the pandemic situation, the share of Stage 3 loans is steadily declining, while the OTP Group continues to pursue a conservative provisioning policy.

OTP Group's capital position remained excellent even during the pandemic. In the 2021 European stress test conducted by the EBA, OTP achieved the best result among the regional banks active in the CEE region.

The excellent capital position created an opportunity to execute further acquisitions. Between 2016 and 2Q 2021, the OTP Group's performing loan portfolio increased 2.4-fold, almost 40% of the increase was due to acquisitions; 10 acquisitions have been announced, of which 8 transactions have already been completed; in addition, the acquisition of the Slovenian Nova KBM and the Uzbek Ipoteka Bank is underway.

OTP Group's outstanding financial performance is reflected in its market valuation, too: amongst regional banks active in the CEE region, OTP Bank has the highest valuation compared to its size.

In 2021 the Hungarian economic growth is expected to surpass 7%, the growth is to a great extent supported by the measures taken by the Government and the NBH to mitigate the effects of the pandemic situation and to restart the economy. The growth prospects of other countries in the Central and Eastern European region are also favourable.

Management expects credit growth to exceed 10% in 2021 as a whole, and the adjusted return on equity (ROE) to end up between 18-20%.

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