Investor Presentaiton

CAJA RURAL DE NAVARRA SUSTAINABILITY BOND FRAMEWORK Overview This document should not be distributed in the United States or to U.S. persons as defined in Regulation S of the U.S. Securities Act of 1933, as amended Caja Rural de Navarra´s Sustainable Covered Bond is a regular covered bond that follows the guidance provided by ICMA's Green Bond Principles 2018, Social Bond Principals 2018 and 2018 Sustainability Bond Guidelines: Legal Status ⚫ CRN Sustainable Covered Bonds' investors have the same level of protection, as Cédulas Hipotecarias (CH) investors. • Same legal framework applies (claims against the entire cover pool). Project Evaluation and Selection Process Use of Proceeds • Allocated towards lending to projects or activities aligned with CRN's internal sustainability principles and Sustainability Bond Framework. • The projects or activities to be funded must meet CRN's Sustainability criteria. Management of Proceeds Eligible Projects Categories Sustainable agriculture. • Renewable energy. • Energy efficiency. • Sustainable forest management. • Waste management.. •Affordable housing. • Education. • Social and economic inclusion. Reporting • Financial viability of the loans financed through the proceeds evaluated by the Credit Risk department. • Alignment with the sustainability eligibility criteria is assessed by the Sustainability Committee. 100% of bond proceeds to be allocated to eligible projects or activities at the time of issuance. • Sufficient number of existing loans to utilize the entire proceeds of the sustainable bond. • Annual disclosure of the allocated proceeds to each eligible category outlined in the framework. CRN's annual report will be audited by an external auditor. Assurance • Sustainalytics second party opinion and CRN's audited annual report which includes reporting on the Sustainable Bond. Source: 1- Sustainability Bond Framework. 2- Annual Report. 2020 Credit and Sustainability Framework CRN 31

View entire presentation