Daiwa Securities : Issuance and Sales of Credit Agricole CIB Green Securities〜Contributing to a more climate-friendly environment through bond investment〜

March 6, 2020

Press Release

Crédit Agricole Corporate and Investment Bank

Daiwa Securities Group Inc.

Attention

This document is an unofficial translation of a press release announced on March 6, 2020 by Daiwa Securities

Group Inc. The original press release is in Japanese.

Issuance and Sales of Crédit Agricole CIB Green Securities

～Contributing to a more climate-friendly environment through bond investment～

Crédit Agricole Corporate and Investment Bank ("Crédit Agricole CIB") and Daiwa Securities Group jointly announce the issuance and sales of Green Securities. Crédit Agricole CIB will issue index-linked structured uridashi as "green bonds" and the notes will be distributed by Daiwa Securities Co. Ltd. to Japanese individuals and institutional investors.

Crédit Agricole CIB is the corporate & investment banking arm of the Crédit Agricole Group. Crédit Agricole Group is one of the world's leading financial institutions in terms of total asset and Tier 1 Capital1. Crédit Agricole Group and Crédit Agricole CIB support leading environmentally engaged companies and projects which implements best practices in terms of energy transition and climate change. This is part of the Crédit Agricole Group's Medium Term Plan 2022 and its commitment to society by having a climate strategy in line with the Paris Agreement.

The Green Securities issued by Crédit Agricole CIB will give investors the opportunity to contribute to a more climate-friendly economy.

An amount equal or equivalent to the net proceeds of the Green Securities will be used to finance and/or refinance one or more of the new or existing loans and investments in one or several of the following eligible categories:

• Renewable energy
• Green buildings
• Energy efficiency
• Clean transportation
• Waste and water management
• Sustainable agriculture and forest management

Daiwa Securities Group has been a driving force for initiatives on the Sustainable Development Goals (SDGs), and announced the launch of the SDGs Promotion Committee chaired by Seiji Nakata, President and CEO of Daiwa Securities Group Inc. Through the distribution of the Bonds, Daiwa Securities Group shows its strong commitment and efforts to promote its SDGs goals and provides new investment opportunities to investors.

1 The Banker magazine, July 2019

Summary Terms of the Green Securities

	Issuer		Crédit Agricole Corporate and Investment Bank
	Scheme		Japanese yen denominated Nikkei	Japanese	yen	denominated
			Index linked Note with an Early	Nikkei and SP500 Index linked
			Redemption clause and Digital	Note with an Early Redemption
			Coupon (Knock-in 65).	clause and	Digital Coupon
				(Knock-in 60).
	Tenor		Approximately 3 years	Approximately 5 years
	Currency		JPY
	Denominations		JPY 1,000,000	JPY 1,000,000
			(JPY 2,000,000 minimum)	(JPY 3,000,000 minimum)
	Maturity Date		March 17, 2023	March 17, 2025
	Offering Period		March 10, 2020 ～ March 17, 2020
	Delivery of the		March 23, 2020
	Notes in Japan

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• About Crédit Agricole Corporate and Investment Bank ('Crédit Agricole CIB', or the 'Bank')
  Crédit Agricole CIB is the corporate and investment banking arm of Credit Agricole Group, the 12th largest banking group worldwide in terms of tier 1 capital (The Banker, July 2019). Nearly 8,000 employees across Europe, the Americas, Asia-Pacific, the Middle East and Africa support the Bank's clients, meeting their financial needs throughout the world. Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital markets activities, investment banking, structured finance, commercial banking and international trade. The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.
  For many years Crédit Agricole CIB has been committed to sustainable development. The Bank was the first French bank to sign the Equator Principles in 2003. It has also been a pioneer in green bond markets with the arrangement of public transactions from 2012 for a wide array of issuers (supranational banks, corporates, local authorities, banks) and was one of the co-drafter of the Green Bond Principles and of the Social Bond Guidelines. Relying on the expertise of a dedicated sustainable banking team and on the strong support of all bankers, Crédit Agricole CIB is one of the most active banks in the green bonds market.
  For more information, please visit www.ca-cib.com
• About the Daiwa Securities Group
  Daiwa Securities Group Inc., founded in 1902, is one of the largest independent and comprehensive securities company in Japan. The Group contributes to the development of society and economy by providing a broad range of financial services worldwide through its global network. The Group's core business includes brokerage, investment banking, asset management, investment, and technology services. Additionally, the Group entered into banking business in 2011.
  Operational base of the Group spreads around the world, including Japan, the United States, Europe, and Asia-Oceania. The Group employs near 16,000 personnel worldwide, and customer asset under custody of Daiwa Securities Co. Ltd. is approximately JPY68.2 trillion. (All figures are as of the end of Dec. 2019)

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