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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 OPERATIVE ENVIRONMENT - NAVARRE AND BASQUE COUNTRY NOM. GDP/CAPITA BY REGIONS (RELATED TO SPANISH AVERAGE) (4Q18) € 35.000 30.000 25.000 20.000 15.000 10.000 5.000 0 853 UNEMPLOYMENT BY REGIONS (4Q19) 30% 20% 10% 0% 990 (Unemployment rate %) 물 1 2 3 3 3 POVERTY RISK RATE BY REGIONS (4Q18) 40% 30% 20% 10% 0% 3232538 Unemployment is much lower and this pattern is historically stable. Regional unemployment for Navarre and Basque Country stands at around 60% of the Spanish average. • ⚫ GDP per capita is much higher than the national average. A more diverse and open economy ensures higher diversification. • Social indicators (poverty, inequality, ...) are also among the best in Spain. Source: INE 2020 Credit and Sustainability Framework CRN 20
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