Investor Presentaiton

Andbank Investor 2020 Geographic and demographic information Andorra is an independent European co-principality situated in the southern peaks of the Pyrenees Mountains, bounded by France and Spain. The capital is Andorra la Vella. The total population is approximately 80.000 people with strong levels of immigration from Spain, France and Portugal. Andorra is a wealthy economy, with high income per capita - EUR 36,335 in 2019. Distribution of the population by nationality in 2019(1) Pants Colo 12% 4% 10% 25% 0 (1) Source: Department of Statistics - Government of Andorra Andorra 49% Spain Portugal Others France ANDBANK Private Bankers 4 FRANCE Soldau Actral Cardia Undine APL Oda Massana Pas da Casa D Encamp Escaldes-Engordarry Andorra la Vella Sant Jul de Loria SPAIN 4

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