CNP Assurances - Investor Presentation

COVERED BOND PORTFOLIO CNP Assurances - Investor Presentation - March 2020 COVERED BOND PORTFOLIO BY COUNTRY (%) COVERED BOND PORTFOLIO BY RATING (%) * Canada Sweden Other Switzerland Italy 6% 1% Denmark Netherlands UK 2% 1% 7% 5% 1% 1% AAA AA A 4% BBB 2% 15% 62% Spain France HY 1% NR | 1% 19% * Second-best rating: method consisting of using the second-best rating awarded to an issue by the three leading agencies, S&P, Moody's and Fitch Unaudited management reporting data at 31 December 2019 73% 65

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