Investor Presentaiton

Cover Pool Guarantor Monthly Asset Coverage Report 1 Current Credit Ratings Euro 500,000,000 Covered Bond Programme unconditionally and irrevocably guaranteed by Andorra Banc Agricol Reig, S.A. Andorra Banc Agricol Reig, S.A. Andorra (country) 2 Covered Bonds Issues Long Term Short term BBB+ (Fitch) N/A BBB (Fitch) F3 (Fitch) BBB/BBB+ (S&P / Fitch) A-2/F2 (S&P/ Fitch) Issue Date Coupon Maturity Date Covered Bonds Outstanding 25-jul-17 Euribor 3 month +1% 25-jul-22 Remaining Term 0,59 years Nominal Amount 135.000.000 € 3 Overcollateralization. Cover Pool Other Assets Covered Bond Outstanding OC (%) OC under COVID-19 deferral-payment 20-dic-21 18-nov-21 18-oct-21 20-sep-21 18-ago-21 119.987.682 € 121.933.576 € 123.779.607 € 124.898.558 € 127.037.920 € 19-jul-21 128.450.561 € 18-jun-21 18-may-21 130.226.356 € 131.840.075 € 19-abr-21 133.509.387 € 18-mar-21 136.286.811 € 22-feb-21 137.565.075 € 18-ene-21 138.968.240 € 18-dic-20 140.115.907 € 18-nov-20 141.752.189 € 19-oct-20 143.691.582 € 21-sep-20 145.863,098 € 18-ago-20 147.437.926 € 20-jul-201 148.580.350 € 19-jun-20 18-may-201 149.562.581 € 52.488.232 € 50.637.565 € 48.727.636 € 47.884.745€ 45.621.094 € 44.181.931 € 42.347.596 € 41.007.848 € 40.035.714 € 37.194.936 € 36.143.435 € 34.703.906 € 33.421.277 € 31.798.143 € 29.840.283 € 28.023.370 € 26.301.288 € 25.452.619 € 23.960.413 € 135.000.000 € 135.000.000 € 135.000.000 € 135.000.000 € 135.000.000 € 135.000.000 € 135.000.000 € 135.000.000 € 135.000.000 € 135.000.000 € 135.000.000 € 135.000.000 € 135.000.000 € 135,000,000 € 135.000.000 € 135.000.000 € 135.000.000 € 135.000.000 € 27,76% 27,83% 27,78% 27,99% 27,90% 27,88% 27,83% 28,04% 28,55% 28,50% €6.399.919,15 28,67% 28,65% 28,55% 28,56% 28,54% 28,80% 28,70% 28,91% 135.000.000 € 28,54% 150.703.076 € 22.648.702 € 135.000.000 € 28,41% 20-abr-20 152.091.766 € 22.276.772 € 135.000.000 € 29,16% 18-mar-20 152.892.201 € 20.421.731 € 135,000,000 € 28,38% 18-feb-20 154.182.478 € 19.076.494 € 20-ene-20 156.354.503 € 17.358.409 € 18-dic-19 158.145.435 € 18-nov-19 142.940.925 € 16.198.269 € 31.163.274 € 135.000.000 € 135.000.000 € 135.000.000 € 28,34% 28,68% 29,14% 135.000.000 € 28,97% 18-oct-19 144.152.068 € 29.908.671 € 135.000.000 € 28,93% 18-sep-19 146.285.264 € 27.991.220 € 135.000.000 € 29,09% 19-ago-19 147.543.946 € 27.003.713 € 135.000.000 € 29,29% 18-jul-19 148.904.290 € 25.446.829 € 135.000.000 € 29.15% 18-jun-19 150.422.840 € 23.974.910 € 135.000.000 € 29,18% 20-may-19 152.137.667 € 22.144.965 € 135.000.000 € 29,10% 18-abr-191 153.453.518 € 20.827.202€ 135.000.000 € 29,10% 18-mar-19 154.891.312 € 19.401.134 € 18-feb-19 156.624.756 € 17.601.207 € 18-ene-19 158.099.174 € 16.165.516 € 18-dic-18 154.693.039 € 19.553.564 € 16-nov-18 156.581.405 € 17.513.131 € 18-oct-18 157.483.839 € 16.812.970 € 18-Sep-18 158.655.061 € 17-ago-18 159.494,225 € 18-jul-18 161.567.723 € 18-jun-18 18-may-18 157.744.799 € 159.476.117 € 18-abr-18 160.782.654 € 19-mar-18 161.708.083 € 15.590.051 € 14.489.504 € 11.686.750 € 16.410.921 € 14.584.500 € 13.387.670 € 12.350.757 € 19-feb-18 162.637.357 € 11.178.904 € 18-ene-18 164.926.280 € 8.971.380 € 18-dic-17 166.258.430 € 7.679.474 € 135.000.000 € 135.000.000 € 135.000.000 € 135.000.000 € 135,000,000 € 135.000.000 € 135.000.000 € 135.000.000 € 135.000.000 € 135.000.000 € 135.000.000 € 135.000.000 € 135,000,000 € 135.000.000 € 135.000.000 € 135.000.000 € 29,11% 29,06% 29,08% 29,07% 28,96% 29,11% 29,07% 28,88% 28,34% 29,00% 28,93% 29,02% 28,93% 28,75% 28,81% 28,84% 17-nov-17 168.715.310 € 5.027.591 € 100.000.000 € 73,74% 18-oct-17 170.167.416 € 3.698.525 € 18-Sep-17 171.505.109 € 2.180.778 € 100.000.000 € 100.000.000 € 73,87% 73,69% 4 Asset Coverage Test A Adjusted C D Aggregate Loan Aggregate Principal Amount Outstanding Test Result Amount (Pass/Fail) Covered Bond to Adjusted Aggregate Loan Percentage (%) 20-dic-21 107.827.219 €* 56.701.027 € 0 € 0 € 164.528.246 € 18-nov-21 109.211.872 € 54.744.795 € 0 € 0 € 163.956.667 € 135.000.000 € 135.000.000 € Pass 82.05% Pass 82,34% 18-oct-21 110.850.433 € 52.889.568 € 0 € 0 € 163.740.000 € 135.000.000 € Pass 82,45% 20-sep-21 111.839.039 € 51.762.096 € 0 € 0 € 163.601.135 € 135.000.000 € Pass 82.52% 18-ago-21 113.645.346 € 49.612.602 € 0 € 0 € 163.257.948 € 135.000.000 € Pass 82,69% 19-jul-21 115.012.829 € 48.188.796 € 0 € 0€ 163.201.625 € 135.000.000 € Pass 82,72% 18-jun-21 116.547.888 € 46.402.373 € 0 € 0€ 162.950.261 € 135.000.000 € Pass 82,85% 18-may-21 117,999.009 € 44.771.539 € 0 € 0€ 162.770.548 € 135.000.000 € Pass 82,94% 19-abr-21 119.552.200 € 43.083.122 € 0 € 0 € 162.635.323 € 135.000.000 € Pass 83,01% 18-mar-21 122.115.774 € 40.288.385 € 0 € 0 € 162.404.159 € 135.000.000 € Pass 83,13% 22-feb-21 123.317.495 € 38.993.583 € 0 € 0 € 162.311.078 € 135.000.000 € Pass 83.17% 18-ene-21 124.839.077 € 37.573.784 € 0 € 0 € 162.412.861 € 135.000.000 € Pass 83.12% 18-dic-201 125.871.741 € 36.412.995 € 0 € 0 € 162.284.737 € 135.000.000 € Pass 83,19% 18-nov-20 127.559.779 € 34.763.762 € 0 € 0€ 162.323.541 € 135.000.000 € Pass 83,17% 19-oct-20 129.305.312 € 32.777.042 € 0 € 0€ 162.082.354 € 135.000.000 € Pass 83,29% 21-sep-20 131.000.333 € 30.543.579 € 0 € 0€ 161.543.912 € 135.000.000 € Pass 83,57% 18-ago-20 132.418.124 € 28.958.249 € 0 € 0 € 161.376.373 € 135.000.000 € Pass 83,66% 20-jul-20 133.446.753 € 27.818.595€ 0 € 0 € 161.265.348 € 135.000.000 € Pass 83,71% 19-jun-201 134.230.755 € 27.805.453 € 0 € 0€ 162.036.208 € 135.000.000 € Pass 83,31% 18-may-20 135.277.947 € 26.652.111 € 0 € 0 € 161.930.058 € 135.000.000 € Pass 83,37% 20-abr-20 136.505.153 € 25.251.733 € 0 € 0 € 161.756.886 € 135.000.000 € Pass 83,46% 18-mar-201 137.246.591 € 24.440.386 € 0 € 0€ 161.686.978 € 135.000.000 € Pass 83,49% 18-feb-201 138.490.879 € 23.140.463 € 0 € 0€ 161.631.342 € 135.000.000 € Pass 83,52% 20-ene-20 140.445.734 € 20.960.918 € 0 € 0€ 161.406.652 € 135.000.000 € Pass 83,64% 18-dic-19 142.143.542 € 19.161.804 € 0 € 0 € 161.305.345 € 135.000.000 € Pass 83,69% 18-nov-19 128.459.541 € 34.359.535 € 0 € 0 € 162.819.076 € 135.000.000 € Pass 82,91% 18-oct-19 129.549.572 € 33.142.127 € 0 € 0 € 162.691.698 € 135.000.000 € Pass 82.98% 18-Sep-19 131.620.900 € 31.004.091 € 0 € 0 € 162.624.991 € 135.000.000 € Pass 83,01% 19-ago-19 132.753.773 € 29.739.706 € 0 € 0 € 162.493.479 € 135.000.000 € Pass 83,08% 18-jul-19 133.978.142 € 28.375.374 € 0 € 0€ 162.353.516 € 135.000.000 € Pass 83,15% 18-jun-19 135.344.895 € 26.852.960 € 0 € 0 € 162.197.855 € 135.000.000 € Pass 83,23% 20-may-19 136.888.299 € 25.133.591 € 0 € 0 € 162.021.889 € 135.000.000 € Pass 83,32% 18-abr-19 138.072.623 € 23.811.973 € 0 € 0 € 161.884.595 € 135.000.000 € Pass 83,39% 18-mar-19 139.366.698 € 22.373.344 € 0 € 0€ 161.740.042 € 135.000.000 € Pass 83,47% 18-feb-19 140.910.262 € 20.639.066 € 0 € 0€ 161.549.328 € 135.000.000 € Pass 83,57% 18-ene-19 142.237.299 € 19.163.814 € 0 € 0 € 161.401.113 € 135.000.000 € Pass 83,64% 18-dic-18 139.223.735 € 22.569.114 € 0 € 0€ 161.792.850 € 135.000.000 € Pass 83,44% 16-nov-18 140.871.427 € 20.680.749 € 0 € 0€ 161.552.175€ 135.000.000 € Pass 83.56% 18-oct-18 141.683.678 € 19.775.182 € 0 € 0 € 161.458.860 € 135.000.000 € Pass 83,61% 18-sep-18 142.789.555 € 18.602.457 € 0 € 0 € 161.392.012 € 135.000.000 € Pass 83,65% 17-ago-18 143.544.802 € 17.762.093 € 0 € 0 € 161.306.896 € 135.000.000 € Pass 83,69% 18-jul-18 145.410.950 € 15.687.396 € 0 € 0 € 161.098.346 € 135.000.000 € Pass 83,80% 18-jun-18 141.917.003 € 18.107.787 € 0 € 0€ 160.024.789 € 135.000.000 € Passi 84.36% 18-may-18 143.475.666 € 16.370.618 € 0 € 0€ 159.846.284 € 135.000.000 € Pass 84.46% 18-abr-18. 144.704.389 € 15.051.226 € 0 € 0€ 159.755.615 € 135.000.000 € Pass 84,50% 19-mar-18 145.537.274 € 14.121.363 € 0 € 0 € 159.658.638 € 135.000.000 € Pass 84,56% 19-feb-18 146.373.621 € 10.897.833 € 0 € 0 € 157.271.454 € 135.000.000 € Pass 85,84% 18-ene-18 148.433.652 € 8.605.167 € 0 € 0 € 18-dic-17 149.632.587 € 7.269.527 € 0 € 0 € 157.038.819 € 156.902.114 € 135.000.000 € Pass 85,97% 135.000.000 € Pass 86,04% 17-nov-17 151.843.779 € 4.809.486 € 0 € 0€ 18-oct-17 153.150,674 € 154.354.598 € 3.341.477 € 0€ 0€ 2.001.239 € 0 € 0€ 156.653.265 € 156.492.151 € 156.355.837 € 100.000.000 € Passi 63.84% 100,000,000 € 100.000.000 € Passi 63.90% Pass 63,96% 18-sep-17 5 Contacts Financial Divisions Other reports on Andbank website 6 Notes off wich Mortgage Loans subject to deferral-payment due to COVID-19 effect: €5.759.927 [email protected]; [email protected] http://www.andbank.com/en/about-us/andbank-publications-