Green Bond Framework Presentation

Nordea Green Bonds issuance highlights The transactions combine Nordea's strong credit quality and a pan Nordic portfolio of Green Assets Summary . • • • Nordea has issued two senior unsecured green bonds (EUR 500m 5Y and EUR 750m 7Y) with a focus mainly on Green Buildings and Renewable Energy Net proceeds are used to (re)finance Green Bond Assets that have been selected through the Nordea Green Bond Framework Nordea adheres to the latest edition of the Green Bond Principles (June, 2018)*, which provides • • Issuer guidance on key components involved in a credible Green Bond setup Transparency to investors through availability of relevant information Assistance to underwriters by moving the market towards standard disclosures ISS ESG has provided a Second Party Opinion and made an annual re-assessment of the sustainability quality of the bonds including Nordea's Green Bond Framework, Green Bond Asset Portfolio and Nordea's Sustainability performance • "The overall sustainability quality of the asset pool in terms of sustainability benefits, risk avoidance and minimisation is good based upon the ISS ESG Green Bond KPIs." Nordea Green Bond Framework** ISS ESG Sets the basis for the identification, selection, verification and reporting of the sustainable financing that is eligible for being financed by proceeds of the Green Bonds issued by Nordea and the management of such proceeds 13 • Based on the Green Bond Principles and externally reviewed by ISS ESG Use of Proceeds Selection and Evaluation Management of Proceeds of Green Bond Assets Reporting External Review * Published by the International Capital Markets Association Available on Nordea's website Nordea

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