Green Bond Fact Sheet

LeasePlan

Date: 18-Mar-2019

Issue date: 07-03-2019 Maturity date: 07-03-2049 Tenor: 30
Issuer Name

LeasePlan

Amount Issued

EUR500m/USD560m

Country of risk

The Netherlands

CBI Database

Included

Issuer Type1

Non-financial
corporate

Bond Type

Senior unsecured

Green Bond Framework

N/A

Second party opinion

Sustainalytics

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
☐ 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
Reporting

LeasePlan will report annually on allocated and unallocated proceeds. Where possible, theissuer will also disclose impact metrics, such as fleet average carbon intensity and avoidedemissions.

Company information

LeasePlan Corporation N.V. is a Mobility- or Car-as-a-Service (“MaaS”, “Caas”) provider. The
company also operates a digital marketplace for high-quality used vehicles. LeasePlan
serves customers in 32 countries across multiple sectors, including individual consumers,governments and companies of all sizes. The firm’s turnover in 2018 was approximately
EUR9bn. It employs more than 7000 people and currently manages 1.8 million vehicles.

Firsts, records andcertifications

LeasePlan is the first company with MaaS/CaaS as their core business area to issue a green
bond

Proceeds description

Climate Bonds view

Underwriters

The proceeds of the bond will solely finance or refinance the acquisition of batterypowered electric vehicles (BEVs). Vehicles that are powered through fossil fuel combustion,ethanol and biofuels, as well as plug-in hybrids, are excluded. This approach is intended tohelp speed up the transition to electric driving and helping to tackle climate change.
The benchmark issuance from LeasePlan is an encouraging development, as it indicates acommitment from the automotive industry to address climate change. The positive
benefits in LeasePlan’s case extend to their sharing economy-focused business model. In
line with market best practice, the firm has also obtained an external review and expressed
its commitment towards post-issuance reporting, including impact metrics. This iscommendable.
Danske Bank, HSBC, ING and J.P. Morgan

Deal comments
Credit Rating
Pricing summary
Investors summary

1

S&P: BBB-; Fitch: BBB+; Moody’s: Baa1
Spread: 23.9bps
68% dedicated responsible investors

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