Gas Natural Fenosa : signs its first “sustainable loan” worth 330 million euros with ING

• The loan is over 4 years with the possibility of an additional year.

• This loan demonstrates the company's commitment to environmental, social and corporate governance impact.

GAS NATURAL FENOSA and ING Wholesale Banking have signed a sustainable loan amounting to 330 million euros over 4 years, with the option of one additional year, for which the cost is partially index-linked to the environmental, social and corporate governance impact of the company.

The measuring of the sustainability category of the loan signed with ING is validated by the rating agency Sustainalytics, an independent entity that issues a report and a qualification regarding this and grants the certification.

According to this assessment, Gas Natural Fenosa scores high in terms of environmental, social and corporate governance impact. The company finds itself among the top 20 utilities companies in the world, which reflects the high standards it works towards. These include its responsible supply chain management, its code of conduct, anti-corruption policies, the significant decrease in its accident rates, its tax information and its corporate responsibility reporting.

Commitment in this field is strong and constant, which means that linking to this index is easy and allows financing costs to be reduced.

According to Chief Financial Officer of GAS NATURAL FENOSA, Carlos J. Álvarez, 'this operation allows the company to continue its policy of refinancing at an attractive cost and reinforces its full commitment to the environment and corporate social responsibility'.

GAS NATURAL FENOSA has made two bond issues for 2 billion euros over 7 and 10 years during the first half of 2017, and recently signed two new funding packages signed with the EIB and ICO for 450 and 200 million euros, respectively.

For the Managing Director of ING Wholesale Banking, Iñigo Churruca, 'with this operation, ING positions itself at the forefront of the sustainable financing segment in Spain, by becoming the first financial entity to design and launch a product with these characteristics index-linked to environmental, social and corporate governance criteria. This is part of the bank's global commitment within this business area'.

Barcelona, 24 July 2017.