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 NAVARRE AND BASQUE COUNTRY EU-28 = 100 <75 COUNTRY REGION GDP ITA 75-90 SWE Nord-Ovest Västverige 120 120 90-100 BEL Vlaams Gewest 120 100 125 ITA 125 <150 Emilia-Romagna 119 ≥ 150 DEU Nordrhein-Westfalen 119 Data not available ESP País Vasco 118 NOR Agder og Rogaland 120 DEU Freiburg 117 DEU Hannover 117 DNK Midtjylland 117 NOR Trondelag 117 FRA Nord-Est 117 DEU Oberfranken 116 SWE Over-Norrland 116 DEU Rheinland-Pfalz 116 AUT Steiermark 116 DEU Detmold 116 BEL Prov. West-Vlaanderen. 115 GBR Bedforshire and Hertfordshire 115 NOR Nord-Norge 114 GBR South East 114 DNK Syddanmark 114 NDL Limburg 114 NDL Südösterreich 113 ESP Comunidad Foral de Navarra 113 DEU Kassel 113 ITA Lazio 112 DEU Niedersachsen 112 SWE Södra Sverige 112 LIT Sostines regionas 112 GDP per capita comparable to other developed European regions and underpinning a much more stable economic environment. Source: Eurostat 2017 data. 2020 Credit and Sustainability Framework CRN 19

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