Green Bond Investor Presentation

Credit Rating by Moody's: Baa3 Stable MOODY'S Lantmännen ekonomisk förening Ratings affirmed 15 April 2021 Domicile Sweden Ваа3 Long Term Rating Type Outlook LT Issuer Rating - Dom Curr Stable Credit strengths Stable business model, with positive operating profit and operating cash flow every year since 2006, because of the company's diverse range of businesses with different cycles and drivers • Leading position in the Swedish grain value chain, because the company purchases 50% of the annual harvest from its members, which it turns into feed, food and energy High barriers to entry in the Swedish grain market, given Lantmännen's extensive network of collection points across the country and the strong service offering to its members Largest supplier of flour- and oat-based products to the industry and of breakfast cereals to the retail market in Denmark, Norway and Sweden ⚫ Solidly positioned in the growing European bake-off market, with significant market shares in its markets 48 Green Bond Investor Presentation

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