Investor Presentaiton

Management of Proceeds An amount equivalent to the proceeds of the Sustainable Finance Instruments will be allocated to a mix of environmental and social projects and provision of service. All amounts can be traced back to Madrid's General Budget for a specific fiscal year. The use of revenue may include capital and operating expenditures of eligible project categories and programs, as well as indirect lending to projects such as grants for private and public organizations and consortiums for special purposes. Only Comunidad de Madrid's own expenditures (net of EU grants, EIB loans, state grants or other revenues earmarked for specific purposes) are eligible. Specific chapters of the relevant budgetary programs that will be excluded are: - Personnel expenditures (Chapter 1 of the budgetary programs), Financing costs (Chapter 3 of the budgetary programs), Contingency Funds (Chapter 5 of the budgetary programs), Financial assets (Chapter 8 of the budgetary programs), except for art.87-89 - Indirect investments in projects such as grants for private and public companies and consortiums for relative framework purposes. Financial liabilities (Chapter 9 of the budgetary programs) It is possible to issue multiple Sustainable Finance Instruments as long as the total amount of funding does not exceed the amount of eligible programs in the annual budget. The proceeds of sustainable finance instruments will be allocated to eligible programmes in the General Budget of Comunidad de Madrid, corresponding to the fiscal year of the Sustainable Finance Instrument issuance and, in case necessary, to the preceding fiscal year. An external auditor will verify the amounts within one year from the date of the Sustainable Finance Instruments issuance. Comunidad de Madrid ensures that the systems and processes as specified above meet their requirements over the lifetime of the instrument. Source: Comunidad de Madrid 59 52

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