Green Bond Fact Sheet

Sunndal Sparebank

Date: 05/02/2020

Issue date: 01-02-2019 Maturity date: 01-02-2022 Tenor: 3
Issuer Name

Sunndal Sparebank

Amount Issued

NOK75m/USD9m

Country of risk

NorwayCBI Database

Included

Issuer Type1

Financial Corporate

Bond TypeSr Unsecured

Green Bond Framework

Link to 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☐ 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 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☐ 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
ReportingSunndal Sparebank commits to regular reporting at least on an annual basis until fullallocation, and thereafter if material changes to the portfolio, on the use of proceeds andimpacts. For the latter, at least MW installed for energy projects and number of vehicles
financed for transport projects will be reported.

Company information

Sunndal Sparebank is one of 67 local savings banks in Norway’s Eika Alliance, which –together with the Eika Gruppen and covered bond issuer Eika Boligkreditt – have more than
NOK360bn of total assets.

Firsts, records andcertificationsFirst green bond from Norway under USD10m since 2011.

Proceeds description

The proceeds will be used to finance or re-finance, in part or in full, eligible projects in thefollowing two main categories:
1. A selected pool of loans to fund hydro-, wind- and solar power projects and related
infrastructure (about 70% expected for this)
2. A selected pool of loans to fund fully electric vehicles and vehicles run on only hydrogen,both light and heavy, that promote a transition to a low carbon environment (about 30%expected)

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