Green Bond Fact Sheet

Issuer Name: NorgesGruppen

Date: 20-Feb-2019

Issue date: 15-Feb-2019 Maturity date: 12-Feb-2024 Tenor: 5Issuer Name

NorgesGruppen

Amount Issued

NOK400m (USD46m)

Country of risk

NorwayCBI Database

Included

Issuer Type1

Non-financial
corporate

Bond Type

Senior unsecured

Green Bond Framework

Framework

Second party opinion

CiceroCertification 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☐ 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 emissionvehicles☐ 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☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ 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

NorgesGruppen has committed to annual reporting on its green bonds. The report willcontain both use of proceeds and impact reporting, including information on the eligible
green projects and assets, their adherence to the relevant criteria in the green bondframework and a summary of NorgesGruppen’s Green Bond activities in the preceding year.
The first such report is expected to be published in April 2020 and will be available inNorwegian. The issuer informed Cicero that it will evaluate the possibility for English
language reporting. NorgesGruppen commits to disclosure: the sum of outstanding green
bonds, the Green Account balance including any short-term investments or funds, theproportion of net proceeds allocated to new investments, and the allocation to each of theuse of proceeds categories in the green bond framework. Emphasis will be placed onproviding examples and allocation reporting to single projects based on size. All data will bereported as of the end of previous year.

Company information

NorgesGruppen is one of the largest food retail companies in Norway, with 1835 grocery
stores, 914 points of sale as retail convenience goods stores, 1021 independent retailers
and 40 000 employees from 70 different nationalities. The long-term goal of the issuer is tobe a climate-neutral business. Near-term goals focus on renewable fuel distribution,improvements in waste management and production of renewable energy.

Firsts, records andcertificationsFirst Norwegian issuance in 2019

Proceeds description

The net proceeds will be used exclusively to finance and refinance projects and assets inNorway. The framework specifies clean transportation, green buildings and renewableenergy as eligible categories. It also allows for up to 15% of the net proceeds to support
environmental investments with a positive environmental impact other than direct
mitigation of climate change.

Climate Bonds view

Underwriters

The Nordic green bond market continues to expand, with another non-financial corporate
issuer. Interestingly, NorgesGruppen is a large food retailer. This deal demonstrates thatissuing green bonds is not only possible but important for corporates from different
sectors, and certainly so within food retail. Investors are also keen for more issuance fromthe consumer/retail companies.
Handelsbanken

Deal comments
Credit Rating
Pricing summary
Investors summary

N/A

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