Green Bond Fact Sheet

PostNL

Date: 02/10/2019

Issue date: 23-09-2019 Maturity date: 23-09-2026 Tenor:7
Issuer Name

PostNL

Amount Issued

EUR300m/USD331m

Country of risk

Netherlands

CBI Database

Included

Issuer Type1

Non-FinancialCorporate

Bond Type

Senior unsecured

Green Bond Framework

Link to Green Bond
Framework

Second party opinion

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

Sustainalytics

Use of Proceeds☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ 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
ReportingIssuer information

Until the proceeds are fully allocated there will be an allocation as well as impact reportpublished on the website which will be verified by a third party.
For the allocation report there will information on the net proceeds, the percentage ofallocated and unallocated amounts. It will also include information how much of theproceeds will go to each of the eligible categories as well as whether the amounts that wereused for financing and re-financing.
There will also be an impact report including measures such as the percentage of emissionfree transportation, building energy efficiency gains and total amount of CO2 avoided.
The PostNL is a mail, parcel and e-commerce corporation in the Netherlands and operates
in multiple countries in Europe. PostNL is based in The Hague, Netherlands, and currently
employs approximately 36 000 employees. As part of their corporate responsibility strategy
they aim to achieve emissions-free delivery.

Firsts, records andcertificationsProceeds description

There are three categories within which eligible projects can be identified for financing/ refinancing: clean transportation, sustainable buildings and innovation & efficiency. Clean
transportation includes investments for fully electric and hydrogen-based vehicles. These
will be an addition to the company’s fleet or replace fossil-fuel based vehicles. The category
sustainable buildings will fund new buildings with certain certification levels as well asactivities such as renovations for existing buildings. For the innovation & efficiency
category, various renewable energy projects will be financed such as the purchase ofrenewable energy certificates.

Climate Bonds view

With a strong corporate responsibility strategy and ambitious targets, we welcome PostNL
to the green bond market. With the growing e-commerce sector and increasing adverse
environmental impacts it is great see that PostNL is taking the next step in theircommitment to a more environmentally friendly business.

Underwriters

BNP, Commerz, BAML

Deal comments
Credit Rating

BBB (S&P)

Pricing summary
Investors summary••

Interest spread: ms+97bps
Coupon: 0.625%

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