Investor Presentaiton

Selection and evaluation of green bond assets - Nordea Bank A robust decision-making process defines how green bond assets are approved 20 1 2 Internal evaluation 3 External evaluation Committee sign-off* Verification Confirmation Nordea selects potential green assets from each financing that is originated by relevant business units according to Nordea's financing criteria and proposed for selection by the business units Nordea removes financing that does not qualify (or where the client of such financing does not qualify) as Green Bond Assets Nordea further removes financing that is deemed ineligible (or where the client of such financing is deemed ineligible) in reference to Nordea's ESG assessment process The remaining financing is evaluated by sustainability experts within Nordea, after which the qualifying financing is deemed as potential green bond assets Verification of the potential green bond assets is then performed by the external SPO provider. The qualifying assets are included in the green bond register and constitute the green bond asset portfolio The green bond committee reviews the green bond asset portfolio and confirm the allocation to green bond assets of the proceeds of green bond issuances Use of proceeds Selection and evaluation of green bond assets - Nordea Bank Management of proceeds Nordea

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