Green Bond Fact Sheet

Klovern

Date: 17-Apr-2018

Issue date:04-Apr-2018 Maturity date: 04-Apr-2022 Tenor: 4
Issuer Name

Klovern

Amount Issued

SEK900m (USD107.3m)

Country of risk

SwedenCBI Database

Included

Issuer Type1

Non-Financial
Corporate

Bond TypeGreen Bond

Green Bond Framework

Link to GB 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 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

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
ReportingCompany information

The issuer commits to publish annual reporting on proceed allocation and impacts of theassets/projects financed (type and level of building certification, energy performance forbuildings in kWh/m2, estimated annual GHG emissions reduced or avoided in tCO2e,
distribution and storage capacity for onsite renewables).
Klovern is a Swedish real estate company that owns and manages mainly office spaces,
along with other commercial real estate, health care and education facilities.

Firsts, records andcertifications
Proceeds description

Certification thresholds for new constructions and major renovations are set at
Miljöbyggnad Silver, LEED Gold, BREEAM SE Very Good, or BREEAM Very good,combined with energy performance improvements of at least 25% of Swedishbuilding regulation. Building refurbishments must also yield an energy
performance of under 100 kWh/m2 or at least 25% reductions in energy use. The
green bond framework lists a range of project types that qualify under thiscategory, such as onsite renewables, LED lighting, assets related to clean transport
such as electric charging stations, recycling, and terrestrial and aquatic biodiversity
conservation.

Climate Bonds view

Green building certification thresholds and minimum energy efficiency
improvements of 25% are aligned with best practice.

Underwriters

Dankse, Nordea, Swedbank

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