Investor Presentaiton

Use of proceeds - Nordea MCIS Highlights of the Green Bond Framework Nordea's Green Bond Framework is updated annually, most recently in October 2021 - Nordea adheres to the latest edition of the Green Bond Principles* - ISS ESG provides a second party opinion (SPO) and an annual re- assessment of the sustainability quality of the bonds including Nordea's Green Bond Framework, green bond asset portfolio and sustainability performance - The main update in 2021 is the inclusion of covered bonds in the framework, which enables all Nordea MCI's to issue green covered bonds in addition to the issuance from Nordea Bank Nordea - 2021 green bond asset category additions Green residential buildings and energy efficiency & renovation added as new categories in the covered portfolios - Green assets are defined in accordance with the EU Taxonomy technical screening criteria (TSC) for real estate as applicable - Construction of new buildings; energy performance certificate (EPC) is at least 10% lower than the threshold set for the nearly zero-energy building (NZEB) - For buildings built before 31 December 2020; EPC class A or alternatively within the top 15% of the national or regional building stock - Major renovations or leading to a reduction of primary energy demand (PED) of at least 30% Some amendments and specifications have also been made for existing green asset categories 18 Green Bond Framework October 2021 * Published by the International Capital Markets Association, latest updated in June 2021 Nordea

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