Investor Presentaiton

Navarra is a sustainable region SUSTAINABILITY BOND FRAMEWORK - Process Process for project evaluation and selection The process to select and to evaluate potential eligible projects and programmes from the General Budget is performed by an Interdepartmental Commission created by the Government of Navarra. This Committee is composed of a representative of each of the Government departments with the rank of General Director, a representative of the Commission created for the implementation of the 2030 Agenda, the Chief of Staff of the Department of Finance and a technician of the Budget- Directorate-General. Besides, representatives from all the departments of the Government of Navarra may participate in the meetings when the committee requests it due to the need of additional expertise or specific knowledge. The Interdepartmental Commission created by the Government of Navarra will select eligible projects or programmes from the sections of the General Budget that align with the eligibility criteria defined in this Sustainable Finance Framework. As not all activities in the selected budget programmes might be eligible according to the Sustainable Finance Framework, Navarra Government will provide investors with information regarding the percentage of each eligible budget programme that was eligible for each Sustainable Finance issuance. Navarra applies core minimum environmental and social policies and requirements for most of its activities, including those financed with the proceeds of the Sustainable Finance instruments signed under this framework. These requirements are continuously developed and renewed and publicly accessed. 31 Nafarroako Gobernua Gobierno de Navarra

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