Green Bond Fact Sheet

Asahi Holdings

Date: 03/04/2020

Issue date: 31-03-2020 Maturity date: 31-03-2025 Tenor: 5.0
Issuer name

Asahi Holdings

Amount issued

JPY5bn/USD46.085mn

Country of riskJapan

CBI Database

Included

Issuer type1

Non-FinancialCorporate

Bond type

Private Placement

Green bond framework

Yes (link unavailable)

Second party opinion

R&I (Japan)

Certification Standard

Not certified

Assurance report

N/A

Certification verifier

N/AGreen bond rating

R&I (Japan) (GA1)☒ 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
☐ Flood protection☐ 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

The latest information on the status of allocation of proceeds to each project, environmental
benefits and other information will be disclosed to the public on the Company’s website byproject. Issuance report will be posted immediately after issuance of the green bond andannual report will be posted afterwards until maturity. When major changes occur after allproceeds are allocated to projects, information will be disclosed as necessary. Details ofdisclosure
・A list of projects to which proceeds are allocated・An overview of each project (including progress)
・The amount of proceeds allocated to each project・The amount of unallocated proceeds, plans for allocation of proceeds, and management
methods of unallocated proceeds
・Environmental benefits by the green project (reduction of CO2 emissions)・Estimated amount (or percentage) of proceeds allocated to refinancing of each project

Company information

Asahi Group Holdings, Ltd. is a global beer, spirits, soft drinks and food business groupheadquartered in Tokyo, Japan.

Firsts, records andcertifications

This will be the first Green Bond to be issued in the non-ferrous metal industry in Japan.

Proceeds description

Proceeds to be used for refinancing and investment related to the building and upgradingof waste incinerators and building of power generation facilities. This includes:
・Upgrading of waste incinerator and building of new power generation facilities for
Kitakyushu Plant.
・Building of a new waste incinerator for Taniyama Rinkai Plant.
・Upgrading of waste incinerator for Hibiki Plant.
The result of the development of these projects will be an increase in energy efficiency aswell as enhanced pollution prevention and control.

Climate Bonds view

Underwriters
Deal comments
Credit rating
Pricing summary

This will be the first Green Bond to be issued in the non-ferrous metal industry in Japan.
Proceeds will be used to build new power generation facilities and upgrade existing
incinerators. This bond follows a range of new issuances from Japan in recent weeks andmonths. Asahi are the 6th non-financial corporate to issue a green bond since the start ofFebruary.
MUFG BankInvestors summary

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