Investor Presentaiton

CAJA RURAL DE NAVARRA This document should not be distributed in the United States or to U.S. persons as defined in Regulation S of the U.S. Securities Act of 1933, as amended CAJA RURAL DE NAVARRA - FINANCIAL HIGHLIGHTS¹ • Solid asset quality (NPL ratio of 2.09%). • CRN has high solvency ratios (CET] phase in/fully loaded: 16.79% /16.58%) owing to its high level of earnings retention, as co-operative by-laws require the yearly surplus to become part of undistributable reserves • The bank's ratings reflect this situation, keeping a level of BBB+ (negative) by Fitch and Baal (stable) by Moody's. Only four Spanish banks (BBVA, Santander, Caixabank and Caja Rural de Navarra) have maintained investment grade ratings by both agencies throughout the crisis. • Low exposure to Real Estate (3.89% of Total Loans), in regions with a much more stable housing market due to regional economic conditions and the absence of a tourism-related building boom. • Strong local franchise: 29.40% market share in deposits and 25.77% credit in Navarre in September 2019. More than half the population over 18 years-old in Navarre is a customer of CRN. • CRN is committed to further increasing its profitability by achieving a balance between growth and sustained margins, controlled expansion and increased fee generation. Despite Caja Rural de Navarra's sound capital ratios, RoE ratio is resilient at 7.85%. Source: Caja Rural de Navarra 1 Provisional non-consolidated data (non-audited and pending approval by the General Assembly). Based on end-2019 financial data. 2020 Credit and Sustainability Framework CRN 9

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