Vision and Future Together NH-Amundi Asset Management

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Corporate presentation 2021 Your Trust 판매사is Our사내한 Pride

CONTENTS

Part 1. Overview Message from CEO 04

Company Overview 05

Shareholders 07

Part 2. Business Business Philosophy 10

Investment Philosophy and Style 11

Assets Under Management 12

AUM Breakdown 13

NH-Amundi Flagship Funds 14

Part 3. History Organization 17

Key Milestones 18

Key Awards 20

Corporate Social Responsibility 21

2 Your Trust판매사 is Our사내한 Pride

Part 1. Overview

Message from CEO 04

Company Overview 05

Shareholders 07

3 Message from CEO 판매사 사내한

NH-Amundi – Vision and Future Together Your Trust is Our Pride

NH-Amundi Asset Management has made continuous growth since its foundation in 2003, with strong support of NH Financial Group and Amundi Asset Management. We currently ranks 7th in Korea with USD 41 billion in asset under management.

NH Financial Group with No. 1 financial network in Korea and Amundi Asset Management, European No. 1 and Global No. 10 asset manager, bear significant value in their brands.

Our business philosophy is to faithfully carry our roles as a prudent and professional manager of our clients’ assets.

NH-Amundi has offered a complete range of products covering equities, fixed income, alternative assets, and global assets to meet the needs of all its clients. We promise to faithfully manage your assets and to become your trusted partner for your successful investment.

NH-Amundi Asset Management CEO Hak-Joo Park

4 Company Overview 판매사 사내한

NH-Amundi has made continuous growth since its foundation in 2003, and currently ranks 7th in Korea with USD 41 billion in asset under management (As of December 31, 2020)

AUM USD 41 billion AUM Rank 7th

Full-Service Asset Management Company

Offering a complete range of products covering equities, fixed income, alternative assets, and global assets to meet the needs of all its clients

Company Name NH-Amundi Asset Management Date of Foundation January 28, 2003 CEO Hak-Joo Park 10F NongHyup Culture & Welfare Bldg. 2, Gukjegeumyung-ro 8-gil, Yeongdeungpo-gu, Address Seoul, Republic of Korea (07330) Contact Number +82-2-368-3600 Field of Business Financial and insurance activities Main Business Investment trade (excludes underwriting), Advisory and discretionary investment services, Private fund investment Total Assets KRW 1,279billion (as of December 31, 2019) No. of Employees 146 (as of December 31, 2019)

The information herein may change at the time of advertising or anytime in the future

5 Company Overview 판매사 사내한

No. 1 in Korea with 6,201branches including Cooperative Banking of NACF Amundi (No.1 based on the number of branches, Source: official data) (40%)

NHFG (60%)

EUR 1.7 trillion in assets under management (KRW 2,202 trillion) (Source: Amundi Corporate Brochure, Feb 2020)

The information herein may change at the time of advertising or anytime in the future

6 Shareholders 판매사 사내한

1. NH Financial Group (60%)

As the largest1) financial group founded only with local assets, NHFG seeks to create a high level of synergy among affiliates 1) Based on deposit volume and number of branches including Cooperative Banking unit of NACF(National Agricultural Cooperative Federation)

(As of December 31, 2019) NH Bank 100% NHFG Total Assets (consolidated assets)

NH Life Insurance 100% USD 369 billion (No. 3)

NH P&C Insurance 100% Deposit volume including Cooperative Banking of NACF NH Investment & Securities 49.11% NH USD 500 billion (No. 1) Financial Group NH-Amundi Asset Management 60% Network (NH Bank: USD 208 billion, Cooperative Banking: USD 292 billion)

NH Capital 100% Number of branches including Cooperative Banking of NACF NH Savings Bank 100% 6,201 (No. 1) NH REITs Management 100% (1,449 branches of NHFG, 1,118 principal offices and

NH Venture Investment 100% 3,634 branches of member cooperatives)

7 Shareholders 판매사 사내한

2. Amundi (40%)

As a subsidiary of Credit Agricole, Amundi is European No. 1 and Global No. 10 asset manager by assets under management (Based on Amundi Corporate Brochure published in February 2020)

(As of 31, December 2019)

AUM

EUR 1.7 trillion (KRW 2,202 trillion)

Global Network

Presence in 37countries

8 Your Trust판매사 is Our사내한 Pride

Part 2. Business

Business Philosophy 10

Investment Philosophy and Style 11

Assets Under Management 12

AUM Breakdown 13

NH-Amundi Flagship Funds 14

9 Business Philosophy 판매사 사내한

All employees at NH-Amundi created a company slogan to demonstrate the company’s identity and business philosophy in April 2018 The main slogan is “Vision and Future Together, NH-Amundi” and the sub-slogan is "Your Trust is Our Pride” As the slogans say, all of us at NH-Amundi promise to faithfully carry our roles as a prudent and professional manager of our clients’ assets

10 Investment Philosophy and Style 판매사 사내한

We are not only a portfolio manager, but also the manager of return and risk

11 Assets Under Management 판매사 사내한

NH-Amundi continues to grow its assets under management, and currently manages USD 41.3 billion in assets We are preparing to take another leap forward to become the top 5 asset manager by 2025

Assets Under Management 41.3 (in USD billion)

35.5

29.2

24.1 23.1

14.3 12.8 9.5 8 8.3 6.4 5.2 5.9 3.3

2003 2004 2007 2008 2009 2010 2011 2013 2014 2016 2017 2018 2019 2020

12 AUM Breakdown 판매사 사내한

NH-Amundi offers a diversified range of products to retail and institutional clients as well as NH Financial Group We are committed to developing new investment solutions ranging from overseas investment and alternative investment to ETF and retirement pension funds

AUM breakdown by asset class AUM breakdown by client segment (in USD billion) (in USD billion)

Alternative Investment Retail MMF 5.0 (12.1%) 6.6 (16.0%) 10.6 (25.7%) Korean Equity NH affiliates 5.7 (13.8%) 15.8 (38.3%)

Overseas Investment 4.4 (10.4%) External Korean Fixed Derivatives/Index institutions Income 0.9 (2.2%) 14.1 (34.1%) Balanced 18.9 (45.8%) 0.6 (1.5%)

(As of December 31 2020, AUM: Mandate+Private+Public) The information herein may change at the time of advertising or anytime in the future

13 NH-Amundi Flagship Funds 판매사 사내한

NH-Amundi strives to help our clients make more informed investment decision that best fit their needs and risk profiles by providing a comprehensive range of investment solutions

From deposit to investment! Start to manage your money Attractive income and dividend! Let your fund do! Meet your investment needs First step in fund investing with NH-Amundi funds! Invest in income funds with a single fund

Hanaro Short-term Bond MoaMoa 15 [Bond High Dividend Stock[Equity] December Global Robo- [Bond] Balanced] Advisor (H)/(UH) [Bond Balanced-FoFs] Global Subordinate Bond Short-term Government MoaMoa 30 [Bond (H)/(UH) [Bond Balanced- and Agency bond [Bond] Balanced] FoFs] QV Global Portfolio [Balanced-FoFs] Individual MMF No.1 Growth Mid & Small Cap 20 Global Corporate Bond [Bond Balanced] (H)/(UH) [Bond Balanced- Smart Investor 5.0 FoFs] [Equity Balanced-FoFs] Individual MMF No.1 [Government and Agency Bond] KTB 10-year index [Bond]

USD Ultra Short-term Bond Global Alternative (USD)/(UH) [Bond] Investment Income EMP [Balanced-FoFs]

Victorious Korea 30 [Bond Balanced]

14 NH-Amundi Flagship Funds 판매사 사내한

Time is on your side! For professional investors! Way to contribute to society! No more boring investment! Funds for long-term investment Funds for confident investors Socially responsible funds Smart Funds

Leverage Fund 4th Industrial Revolution Farm Love High Dividend Smart Beta [Equity] [Equity] Korea 2X Leverage 30 RSP [Bond balanced] 50 RSP [Equity balanced] [Equity-Derivatives] Global Smart Beta [Equity] Global Disruptive (H)/(UH) [Equity] KOSDAQ 2X Leverage Children Love RSP [Equity] Smart Investor 5.0 [Equity-Derivatives] [Equity balanced-FoFs] Global Silver Age (H)/(UH) Long-term Growth [Equity] 1.5X Leverage Index Representative [Equity] [Equity-Derivatives] KRX300 Smart Investor [Equity balanced-FoFs] KTB 10-Years Index [Bond] Inverse Fund Victorious Korea [Equity]

Korea 2X Inverse Leverage [Equity-Derivatives FoFs] Victorious Korea 30 [Bond balanced] Reverse Index [Equity-Derivatives] Centennial Company Korea ESG [Equity] KOSDAQ Inverse [Equity-Derivatives]

15 판매사 사내한

Part 3. History

Organization 17

Key Milestones 18

Key Awards 20

Corporate Social Responsibility 21

16 Organization 판매사 사내한

NH-Amundi reformed the corporate structure in June 2018 to have four investment divisions with respective CIOs to strengthen professionalism and responsibility

CEO

Compliance Audit New Business Support Dept

Deputy CEO

Risk Management

Dealing Team

Global EQ Mgmt Marketing Business Mgmt FI Mgmt Division AI Division Investment Division Division Division

Division

Fund Fund Accounting

Management Management Support Strategy Strategy Planning HR Team

EQ EQ 1 EQ 2 Passive Solution EQ Research Hedge Fund Team Fixed Income FI Solution LDI/Research Real Estate AI 1 AI 2 Global EQ Global FI Global Solution Retail Marketing Institutional Marketing Corporate Marketing Marketing Strategy Overseas

Dept Dept

Dept

Mareketing

Dept

Inv

Dept

Dpet

Dept

Dpet

Dept Dpet

(As of January 4, 2021)

17 Key Milestones 판매사 사내한

NH-Amundi has made continuous growth since its foundation in 2003 We have offered various innovative products and investment solutions as a full-service asset management company

Phase I : Growth Period – Building fund lineup (2003~2014)

January 2003 August 2007 January 2010 March 2012 Founded as ‘NACF-CA Investment Changed name to NH-CA Asset Credit Agricole AM rebranded as NACF rebranded as NH Financial Trust Management Company’ Management Amundi Asset Management Group as a joint venture between NACF (60%, currently NHFG) and CAAM (40%, currently Amundi)

August 2003 December 2005 June 2009 September 2014 Launched Korean equity Launched global equity fund Launched Korea’s first Launched Korea’s first KTB fund (First tax-exempt long- (Korea-Japan fund) Publicly offered leveraged fund 10-year Index fund term equity fund)

18 Key Milestones 판매사 사내한

Phase II : Expansion Period - Expanding into new business (2015~)

May 2016 July 2017 Changed name to NH-Amundi Amundi acquired Asset Management Pioneer Investments

October 2015 March 2018 August 2019 September 2020 Started alternative investment Launched HANARO ETF Launched Victorious Korea Launched Centennial business Equity Fund Company Korea ESG November 2018 Equity fund Launched private hedge fund December 2018 Adopted the Stewardship code

19 Key Awards 판매사 사내한

2020 12 Moneytoday 2020 Korea Fund Awards 'ESG Fund of the Year' (Centennial Company Korea ESG Fund) 11 Sedaily 2020 Korea Securities Awards 'Best Prize on Domestic Sector' 10 Heraldbiz 2020 Herald Investment Awards ‘Best Fund in Korea’ (Victorious Korea Fund) 04 Maekyung 2020 Maekyung Securities Awards ‘Special Prize on Fund’ (Victorious Korea Fund) 02 Hankyung 2020 Korea Fund Awards ‘Grand Prize on ETF Sector’ KG Zeroin 2020 Korea Fund Awards ‘Best Prize on Global Fixed Income Sector’

2019 12 Moneytoday 2019 Korea Fund Awards ‘Innovative Fund of the Year’ (Victorious Korea Fund) 11 Sedaily 2019 Korea Securities Awards ‘Fund Manager of the Year’ (Victorious Korea Fund) 10 Heraldbiz 2019 Investment Awards ‘Best Fund in Korea’ (Victorious Korea Fund) 02 KG Zeroin 2019 Korea Fund Awards ‘Best Asset Manager’ Maekyung 2019 Maekyung Securities Awards ‘Grand Prize on Fund’

2018 12 Moneytoday 2018 Korea Fund Awards ‘Innovative Fund of the Year’ (Global Subordinated Bond Fund) 11 Heraldbiz 2018 Fund Awards “Best Overseas Fund” (Global Subordinated Bond) Sedaily 2018 Korea Securities Awards “Best Overseas Fund” (Global Subordinated Bond) 02 GEPS Nomination for ‘Best Asset Manager on SRI' 01 KG Zeroin 2018 Korea Fund Awards ‘Best Prize on Small/Mid Cap Equity Sector’

20 Corporate Social Responsibility 판매사 사내한

NH-Amundi is a representative asset manager of corporate social responsibility(CSR) in Korea We will continue to lead every member of society including the agricultural communities and all our clients to grow together

CSR Activities by Employees Children Love Dream Camp Total 21 camps in 2009 - 2019

Hours Average Hours of Number of beneficiaries (Cumulative) service per employee 1,189 1,400 hours 9.79 hours

Participation rate of CSR Activities Financial Support 130% USD 2.7million (Total number of CSR participants /Number of employees*100) (From 2009 to 2019)

(As of December 31, 2019)

21 Corporate Social Responsibility 판매사 사내한

“Building Another Village” “Farm Love High Dividend Fund” Sisterhood with the Village with Grape fragrance since 2016 Support agricultural growth with fund

• 30% of management and • Regular rural farm work sales fee for funding

• Part of ‘I Love Farm,’ CSR • Rural migration or related campaign by NACF projects can be supported based on the size of fund

“Children Love Dream Camp” “‘Share & Love’ Voluntary Club” Children’s camp travels the world, supported by the fund Volunteer organization initiated by employee

• Children who subscribe • Volunteer organization in ‘Children Love Fund’ have NH-Amundi to support an opportunity to join the people in need camp • 15% of management and • Regular volunteer activities sales fee for funding and donation

22 판매사 사내한

NH-Amundi Asset Management PR Team E-Mail: [email protected] Tel: +82-2-368-3785

NH-Amundi Asset Management Company Website: www.nh-amundi.com Address: 10F NongHyup Culture & Welfare Bldg. 2, Gukjegeumyung-ro 8-gil, Yeongdeungpo-gu, Seoul, Republic of Korea (07330) Tel: +82-2-368-3600