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Notice of Early RedemptionTo the noteholders in – Klarna Bank AB (publ) SEK 300,000,000 Floating Rate Subordinated Tier 2 Capital Notes

2 May 2023

To the noteholders in: ISIN: SE0011415538 – Klarna Bank AB (publ) SEK 300,000,000 Floating Rate Subordinated Tier 2 Capital Notes



This notice of early redemption has been sent on 2 May 2023 to Noteholders directly registered as of 28 April 2023 in the debt register (Sw. skuldbok) kept by the CSD. If you are an authorised nominee under the Swedish Central Securities Depositories and Financial Instruments Accounts Act (Sw. Lag (1998:1479) om värdepapperscentraler och kontoföring av finansiella instrument) or if you otherwise are holding Notes on behalf of someone else
on a securities account, please forward this notice to the Noteholder you represent as soon as possible.

Reference is made to the terms and conditions of the above mentioned issue of notes (the “Notes”) by Klarna Bank AB (publ) (previously named Klarna AB (publ)) (the “Issuer”) on 28 June 2018, in accordance with the terms and conditions for the Notes (the “Terms and Conditions”). As at the date of this notice, Notes in an aggregate amount of SEK 300,000,000 are outstanding. All capitalised terms used herein and not otherwise defined in this notice shall have the meanings assigned to them in the Terms and Conditions.

In accordance with the Terms and Conditions, the Issuer has received prior consent from the Swedish Financial Supervisory Authority to redeem the Notes and the Issuer hereby gives notice to all Noteholders of the Issuer’s outstanding Notes of exercise of its option for early redemption of the Notes in full in accordance with Clause 9.2 (Early redemption at the option of the Issuer) of the Terms and Conditions. The early redemption date will fall on 5 July 2023 and the record date for the early redemption will fall on 28 June 2023, i.e., five (5) Business Days prior to the early redemption date (the “Record Date”).

Klarna_-_Notice_of_Early_Redemption SE0011415538

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