Investor Presentaiton

Contingent Payoff Structure that is Incentive Compatible: Step-Up / Neutral / Step-Down Mechanism KPI-1 Reduction in aggregate gross GHG emissions per real GDP Unit by 2025, with respect to baseline (in %) Less than 50% reduction More than 52% reduction -50% -52%☆ Step Up Coupon Failure to Meet SPT 1.1 +15 bps to SSLB Coupon No Change in Coupon Meets SPT 1.1 but does not exceed SPT 1.2 Step Down Coupon Outperforms SPT 1.2 - 15 bps to SSLB Coupon 44

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