Investor Presentaiton

Guarantees as a distinctive characteristic of the French home loan market French market French home loans market ■ Home loans which are secured by a guarantee provided either by a selected financial institution or a selected insurance company represent the majority of the French home loan market (59.3% of outstanding home loans in 201723). ☐ ☐ Crédit Logement's business model Crédit Logement is an entity owned by France's major banks, providing guarantees to French home lending as an alternative to the more classic mortgage registration. Main features for the lender - - A second risk review, with regular feedback to the lending institution: Crédit Logement accepts or refuses each guarantee application following its independent credit review and scoring Statistics are given on the lender's position (especially on risk) against Crédit Logement average A complete financial guarantee " A complete alternative to the mortgage: Crédit Logement guarantee is not limited to a first loss tranche 100% of the amount of the loan is guaranteed A complete range of guarantees. . From bridge loans to long term loans (up to 30 years) • For a maximum amount of EUR 2 million per loan or borrower • Also covers buy to let loans - A collections service takes over recovery of loans in default: " From the guarantee exercise, normally after three unpaid instalments To the recovery completion (loan put back on track or totally repaid to the lending institution), with full collection carried out by Crédit Logement Advantages for the borrower - - Lower costs: mortgage registration costs are in general between 2.2% and 2.5% vs. a below 1% home loan guarantee fee The administrative process is simplified at loan inception and maturity Up to 75% of the guarantee fee is paid back to the borrower at maturity, if there is no payment incident during the life of the loan 24 24

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