Green Bond Fact Sheet
Woolworths Group Limited

Date: 26 April 2019

Issue date: 23-04-2019 Maturity date: 23-04-2024 Tenor: 5 yearsIssuer Name

Woolworths Group
LimitedAmount Issued

AUD400m (USD284m)

Country of risk

Australia

CBI Database

Included

Issuer Type1

Non-financial corporate

Bond TypeUse of Proceeds Bond

Green Bond Framework

Link to Framework

Second party opinion

N/A

Certification Standard

Climate Bonds Standard
V2.1 with Low Carbon
Buildings (Commercial)

Assurance report

Pre-issuance verification
reportCertification Verifier

EY Australia

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☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ 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
ReportingCompany information

Annual reports on the use of proceeds will be made available publicly on the issuer’swebsite.
Woolworths Supermarkets’ heritage traces back to 1924. It is currently the largest
supermarket chain company in Australia with 995 stores.
Woolworths has already constructed multiple solar panel rooftops over their outdoor
car parks, as well as their supermarket and other buildings. In June 2018, the installedcapacity of these installations amounted to 2.2 GW.

Firsts, records andcertifications
Proceeds description

First Certified Climate Bond related to supermarket buildings
83% of the proceeds will be used to finance and refinance investments which havebeen made to construct free standing supermarket buildings across Australia, whichmeet the Low Carbon Buildings eligibility requirements. The remaining 17% will bespent on energy efficiency improvements to the supermarket buildings, as well assolar panel installations on the rooftops of these buildings.

Climate Bonds view

Issuers in Australia have been at the forefront of innovation in green bonds, andWoolworths adopting this new type of building criteria is the latest example of themleading the way.

Underwriters

ANZ

Deal comments

1Credit Rating

BBB+ (S&P)

Pricing summary

ASW+120bps

Investors summary

80 overwhelmingly green investors with the majority domestic investors (75%) andasset managers (80%)

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