Data cut-off date: 30 th September 2017

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1 Mortgage Portfolio Overview Data cut-off date: 30 th September 2017

2 Mortgage Portfolio Overview Total mortgage cover pool Substitution Assets Outstanding covered bonds 4.30bn 0m 1,850m Total overcollateralization (%) % Central Bank eligible covered bonds 1,850m Fixed rate covered bonds (%) 100.0% Number of loans 39,455 Number of debtors 58,191 Average loan size 109,014 Average LTV (%) 60.13% Average seasoning (months) Average remaining maturity (years) Average rate (%) 1.52% 90+ days arrears (cover pool) 0.95 % 90+ days arrears (residential cover pool) 0.80% Floating rate loans (%) 80.93% Loans in Euros (%) % 1

3 Outstanding Covered Bonds Covered Bonds ES M Public issue Fixed rate EUR ES M Retained Fixed rate EUR ES M Public issue Fixed rate EUR ES M Retained Fixed rate EUR ES M Public issue Fixed rate EUR ES M Private Placement Fixed rate EUR Maturity Structure (%) 60% 50% 40% 30% 27,03% 27,03% 37,84% 27,90% 44,33% 20% 10% 0% 5,41% 8,98% 10,51% 2,70% 1,79% 2,15% 2,15% 0,83% 1,38% 0-1Y 1-2Y 2-3Y 3-4Y 4-5Y 5-10Y 10-20Y 20-30Y 30+Y Cover Assets Covered Bonds / Cover Assets maturity calculated on a final maturity basis 2

4 Total Mortgage Portfolio Total Portfolio Total amount 4,301 Number of loans 39,455 Number of borrowers 58,191 Average loan balance 109,014 Interest only loans 1.04% WA LTV (1) (%) 60.13% WA Seasoning (months) WA Remaining Maturity (years) WA Rate (%) 1.52% Floating Rate loans (%) 80.93% Arrears >90 days (%) 0.95 % 10 largest exposures (%) 1.53% 1.Current Loan Balance calculated on a WA basis 3

5 Total Mortgage Portfolio Breakdown by Current Loan Balance (1) Breakdown by Loan Seasoning >1,000, ,000-1,000, , ,000 8,64% 3,90% 5,67% 35% 30% 25% 23,28% 30,15% 200, , , , , ,000 11,80% 14,04% 26,98% 20% 15% 10% 12,64% 12,06% 8,48% 13,40% 50, ,000 21,80% 5% <50,000 6,17% 0% 5% 10% 15% 20% 25% 30% 0% < >96 Geographical Distribution Reference Rate Other Spanish Regions 3,26% Floating with and initial fixed term 17,83% La Rioja 7,69% Fixed 1,24% Basque Country 40,09% Navarre 48,96% 0% 10% 20% 30% 40% 50% 60% Floating 80,93% 1. Current Loan Balance calculated on a WA basis 4

6 Residential and Commercial Mortgage Portfolio Residential Total amount (Million of euro) 3,285 Number of loans 34,784 Number of borrowers 54,037 Average loan balance 94,440 Interest only loans 0.32% WA LTV (1) (%) 60.40% WA Seasoning (months) WA Remaining Maturity (years) WA Rate (%) 1.29% Floating Rate loans (%) 78.63% Arrears >90 days (%) 0.80% 10 largest exposures (%) 0.25% Commercial Total amount (Million of euro) 1,016 Number of loans Number of borrowers Average loan balance 217,539 Interest only loans 3,37% WA LTV (1) (%) 59.67% WA Seasoning (months) WA Remaining Maturity (years) WA Rate (%) 2.24% Floating Rate loans (%) 88.37% Arrears >90 days (%) 1.41% 10 largest exposures (%) 6.49% Geographical Distribution Navarre 49.20% Basque Country 40.97% La Rioja 7.24% Other Spanish regions 2.59% Geographical Distribution Navarre 48.17% Basque Country 37.23% La Rioja 9.16% Other Spanish regions 5.43% 1. Current Loan Balance calculated on a WA basis 5

7 Residential Mortgage Portfolio Residential-Breakdown by Loan Size (1) Residential-Breakdown by Property Type >1,000, ,000-1,000, , ,000 0,06% 0,52% 3,61% 2nd residence 3,60% 200, ,000 12,44% 150, ,000 17,45% 100, ,000 32,80% 50, ,000 <50,000 7,08% 26,03% 1st residence 96,40% 0% 5% 10% 15% 20% 25% 30% 35% Residential-Breakdown by LTV 25% 20% 15% 10% 5% 0% 19,30% 17,81% 16,58% 15,23% 11,25% 5,61% 4,71% 4,35% 2,94% 1,83% 0,58% 0-40% 40%-50% 50%-60% 60%-70% 70%-80% 80%-85% 85%-90% 90%-95% 95%-100% 100%-105% >105% 1. Current Loan Balance calculated on a WA basis 6

8 Commercial Mortgage Portfolio Commercial-Breakdown by Loan Size (1) Commercial-Breakdown by Property Type >2,000,000 1,000,000-2,000, ,000-1,000, , ,000 12,98% 14,84% 12,31% 23,38% 40% 35% 30% 25% 37,49% 23,61% 25,51% 200, ,000 9,75% 20% 150, ,000 7,22% 15% 100, ,000 50, ,000 <50,000 3,23% 8,15% 8,14% 10% 5% 0% 6,90% 1,36% 4,73% 0,41% 0% 5% 10% 15% 20% 25% Retail Property developers Industry Agriculture Office Others Hotel/ tourism Commercial-Breakdown by LTV 35% 30% 28,95% 25% 20% 15% 10% 5% 0% 16,26% 10,37% 12,52% 10,66% 9,40% 3,29% 2,83% 1,64% 2,03% 2,03% 0-40% 40%-50% 50%-60% 60%-70% 70%-80% 80%-85% 85%-90% 90%-95% 95%-100% 100%-105% >105% 1. Current Loan Balance calculated on a WA basis 7

9 Contacts Headquarters Caja Rural de Navarra Plaza de los Fueros Pamplona Navarre Spain Tel: Investor Relations: Miguel García de Eulate Martín-Moro Head of Treasury and Capital Markets department Tel: Fax: Leire Trojaola Crucelaegui Investor Relations Tel: Fax:

10 Disclaimer All rights reserved for Caja Rural de Navarra Sdad. Coop. de Crédito. This document was created by Caja Rural de Navarra Sdad. Coop. de Crédito exclusively for the purpose of giving corporate presentation by Caja Rural de Navarra Sdad. Coop. de Crédito. This presentation may only be shown to business customers and institutional clients. This document may not be changed or shared with third parties without the express consent of Caja Rural de Navarra Sdad.Coop. de Crédito. Anyone in possession of this information or document is obliged to learn about the legal regulations governing possession and sharing of such information and comply with those regulations. This presentation may not be shared withtransmitted to any country with laws restricting the sharing or transmission of such information. Caja Rural de Navarra Sdad. Coop. de Crédito is not nor can it be held responsible for the usage, valuations, opinions, expectations or decisions which might be adopted by third parties following the publication of this information. This presentation is exlusively for general information purposes. It does not represent an offer to conclude an agreement on the provision of investment advisory services or the purchase of securities. Where this presentation cites information not originating from Caja Rural de Navarra Sdad. Coop. de Crédito or not produced a its request, such information has been compiled from sources deem trustworthy without being verified. For this reason, Caja Rural de Navarra Sdad. Coop. de Crédito assumes no guaranteee that such information is complete or correct. Caja Rural de Navarra Sdad. Coop. de Crédito assumes no responsibility or liability whatsoever for expenses, losses or damage from or in connection with the use of all or part of the information contained in this presentation. Caja Rural de Navarra Sdad. Coop. de Crédito cautions that this presentation may contain forward looking statements with respect to the business financial condition results of operations, strategy, plans and objectives of the Caja Rural de Navarra Sdad. Coop. de Crédito. While these forward looking statements represent our judgement and future expectations concerning the development of our business, a certain number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to: (1) general market, Macroeconomic, governmental, political and regulatory trends; (2) movements in local and international securities markets. currency exchange rate and interest rates; (3) competitive pressures; (4) technical developments; (5) changes in the financial position or credit worthiness of our customers, obligors and counterparts. These risk factors could adversely affect our business and financial performance published in our past and future filings and reports. including those with the Spanish Securities and Exchange Commission(Comisión Nacional del Mercado de Valores). 8

Mortgage Portfolio Overview. Data cut-off date: 31st December 2016

Mortgage Portfolio Overview. Data cut-off date: 31st December 2016 Mortgage Portfolio Overview Data cut-off date: 31st December 2016 Mortgage Portfolio Overview Total mortgage cover pool Outstanding covered bonds 4.28bn 1,850m Total overcollateralization (%) 131.32% Central