Green Bond Fact Sheet

European Energy A/S

Date: 20/06/2019

Issue date: 20-06-2019 Maturity date: 20-09-2023 Tenor: 4Issuer Name

European Energy A/S

Amount Issued

EUR140m/USD157m

Country of risk

Denmark

CBI Database

Included

Issuer Type1

Non-financial
corporate

Bond Type

Senior secured

Green Bond Framework

N/A

Second party opinion

N/A

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
ReportingCompany information

No commitment to reporting stated
European Energy constructs wind and solar farms as well as large scale green energystorage. The company’s business model is based on selling green power from theirwind and solar farms to large corporations. They also offer investment opportunities
for institutional investors looking to invest in green long-term, low-risk energy assets.
European Energy is currently developing and constructing parks in Denmark, Finland,Sweden, Germany, Italy, Brazil and in Mexico. The company has installed and invested
in more than 1GW wind and solar farms in 11 countries across the globe.

Firsts, records andcertifications

The second Danish pureplay renewable energy issuer after wind company Vestas, andthe first one to include energy storage and solar in its portfolio

Proceeds description

Part of the proceeds will fund new wind, solar and energy storage projects, while theremaining proceeds will be used for an early redemption of the company's outstanding
2021 Bonds, which financed similar assets. These presently total EUR85m.

Climate Bonds view

European Energy is a good addition to Denmark’s issuer pool, which has thus far been
dominated by development banks and local government issuers (e.g. Kommuninvest).
EE’s bond brings Danish green issuance total to USD5.8bn.

Underwriters

DNB, Nordea

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