Green Bond Framework Presentation

Green Bond Assets overview Green Bond Assets - breakdown by category 100% 80% 60% 40% 20% 0% Energy Efficiency Green Bond Assets - breakdown by subcategory Clean Transportation 100% ■Pollution Prevention and Control 80% Green Buildings ■Renewable Energy 60% Electric Ferries ■ Electric Cars ■Electric trains Energy Efficiency Waste-to-energy Green Bond Asset Portfolio Comments 40% • After the second Green Bond issuance Nordea's outstanding Green Bonds amounts to EUR 1,250m, whereas the verified Green Bond Asset Portfolio per August 2020 amounts to EUR 2,852m ■Water and waste water management ■Certified green buildings 20% • A majority of the Green Bond Assets relate to mitigating climate change ■Solar • At issuance, 100% of the proceeds will be used for refinancing of selected Green Bond Assets* 0% ■Hydro power • All Green Bond Assets are in the Nordic countries representing Nordea's Nordic footprint Green Bond Asset Portfolio Wind power 15 * Nordea's Green Bond Asset Portfolio consists of lending towards eligible uses of proceeds and in order for the Second Party Opinion provider to verify the portfolio, it must only contain existing assets. It is however Nordea's ambition to keep increasing the volume of the Green Bond Asset Portfolio in the future, and Nordea's Green Bonds will support the growth of green financing. Nordea

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