Klarna Group plc

Footnotes

F1

The Reporting Person is a director and stockholder of SC US (TTGP), Ltd. SC US (TTGP), Ltd. is (i) the general partner of SCGF IV Management, L.P., which is the general partner of Sequoia Capital GF IV Sweden, L.P. and Sequoia Capital US Growth Fund IV, L.P. (collectively the GFIV Funds), (ii) the general partner of SCGGF Management, L.P., which is the general partner of Sequoia Capital Global Growth Fund, L.P. and Sequoia Capital Global Growth Principals Fund, L.P. (collectively the GGF Funds), (iii) the general partner of SC Global Growth II Management, L.P., which is the general partner of Sequoia Capital Global Growth Fund II, L.P. and Sequoia Capital Global Growth II Principals Fund, L.P. (collectively the GGFII Funds), (iv) the general partner of SCGGFIII - Endurance Partners Management, L.P., which is the general partner of Sequoia Capital Global Growth Fund III - Endurance Partners, L.P. (GGFIII),↩ 1↩ 2↩ 3↩ 4↩ 5↩ 6↩ 7↩ 8

F2

(continued from Footnote 1) and (v) the general partner of SC US/E Expansion Fund I Management, L.P., which is the general partner of Sequoia Capital US/E Expansion Fund I, L.P. (EXP I). The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of the securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.↩ 1↩ 2↩ 3↩ 4↩ 5↩ 6↩ 7↩ 8

F3

In addition to the ordinary shares reported in this Form 3, the GFIV Funds, the GGF Funds, the GGFII Funds, GGFIII, and EXP I beneficially own a number of the Issuer's Class B shares equal to the number of ordinary shares so reported. Each Class B share is entitled to 10 votes per share. Class B shares are not transferable and are not exchangeable for or convertible into ordinary shares. Following certain transfers of interests in ordinary shares by holders of Class B shares or their affiliates, an equivalent number of Class B shares will automatically convert into deferred shares, which have no voting rights, are non-transferable and have no economic value. In addition, the Class B shares automatically convert into deferred shares in certain other circumstances as specified in the Issuer's organizational documents.↩ 1↩ 2↩ 3↩ 4↩ 5↩ 6↩ 7↩ 8

F4

Represents an option to acquire ordinary shares that vest in four equal annual installments starting from the first anniversary of the grant date.↩ 1