Green Bond Fact Sheet
Santander Consumer Bank AS

Date: 04/03/2020

Issue date: 12-02-20 Maturity date: 12-05-2023 Tenor: 3Issuer Name

Santander Consumer
Bank AS

Amount Issued

SEK1billion/USD104m

Country of risk

NorwayCBI Database

Included

Issuer Type1

Financial Corporate

Bond Type

Senior Unsecured

Green Bond Framework

Green Bond Framework

Second party opinion

Second Party Opinion

Certification Standard

Certified under Climate
Bonds Standard v2.1,
including sector-specificcriteria for:

Assurance report

Pre issuance verification

Sustainalytics

Green 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☐ Energy performance☐ 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☐ Wastewater treatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience• Low Carbon Transport
Certification Verifier
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 on an annual basis. The reports will be made public and will include
details of the allocation of proceeds, as well as quantitative indicators of the assets, such as theestimated avoided emissions of the passenger vehicles.
An impact report has been produced at the time of issuance, to estimate the impacts of thisbond.

Company information

Santander Consumer Bank AS is part of Banco Santander, which is headquartered in Spain. Thisparticular subsidiary is mainly based in Norway, with operations across the Nordic region. It is aleader in providing consumer car finance. As Norway has been a leader in passenger electricvehicle adoption, Santander has a large portfolio of consumer car loans linked to passenger
electric vehicles. This includes exposure to over 25,000 passenger electric vehicles.

Firsts, records andcertifications

This is the 6th Certification from Norway, and the first one explicitly linked to private vehicle
consumer finance.

Proceeds description

The proceeds will refinance the bank’s private vehicle consumer finance loans.

Climate Bonds view

The electrification of personal vehicles is essential to reducing emissions and this green bondwill help enable that. Norway has the highest penetration of electric vehicles in the world.

Underwriters

ING

Deal comments
Credit Rating

A3 (Moody’s)A- (Fitch)

Pricing summary
Investors summary

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