Green Bond Fact Sheet

WDP

Date: 16-Apr-2018

Issue date:30-Mar-2018 Maturity date: 30-Mar-2029 Tenor: 11Issuer Name

WDP

Amount Issued

EUR100m (USD123.2m)

Country of risk

Belgium

CBI Database

Included

Issuer Type1

Non-FinancialCorporate

Bond TypePrivate Placement

Green Bond Framework

Link to Framework

Second party opinion

CICERO

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☒ Energy☒ Solar☒ Onshore wind
☐ Offshore wind
☒ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ Waste to energy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Buildings☒ Certified Buildings☐ HVAC systems☒ Energyperformance☐ Water performance☐ Energy storage/meters☒ Other energy related☐ Industry: components☐ Adaptation & resilience☒ Transport☐ Electric vehicles☐ Low emission
vehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☒ Bicycle infrastructure☐ Energy performance☐ Transport logistics☒ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Desalinisation plants☐ Erosion control☒ Energy performance☒ Infrastructure☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☒ Waste management☒ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
Reporting

The issuer will report at least annually on proceed allocation and will disclose the amountof CO2 avoided and energy generated by the portfolio within its annual report.

Company information

WDP is a logistics real estate company that owns, develops and manages logistics
and semi-industrial properties.

Firsts, records andcertificationsFirst green US Private Placement by Belgian corporate, second green bond fromthe logistics sector and third from a Belgian issuer.

Proceeds description

Proceeds are earmarked for onsite renewable energy, green buildings withthreshold certification levels of BREAM “Very Good” or LEED “Gold”, recycling,clean transport infrastructure and water management.
In its Second Party Opinion, CICERO assessed the green buildings category at“Medium to Light Green” partly because the eligibility criteria do not specify
energy efficiency thresholds (in addition to certification levels).

Climate Bonds view

We welcome increased issuance from the logistics sector. Setting green building
certification requirements on the higher end of the scale is best practice. We agreewith CICERO that combining this with minimum thresholds for energy efficiency
improvements would improve the buildings’ green credentials.

Underwriters

ABN Amro

Deal comments
Credit Rating
Pricing summary
Investors summary

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign