Incentive 46 Rabobank Group Annual Report 2002 Bonds and the offers for green financing. As it turned out, the green facility was continued after all. Despite the period of forced inactivi ty, the Rabo Green Bank granted more than EUR 360 million in new green loans in 2002 (EUR 320 million in 2001).This increase was mainly due to the growth in green financing of wind turbine parks and the overflow of Green Label Funds from 2001,as a result of the tighter criteria for the green facility introduced with effect from 1 January 2002. Growth in biological farming stagnated.The green loans are financed with Rabo Green Bonds. In the first half of 2002, EUR 250 million of green funds were raised. At the end of the year under review, there was a new issue of Rabo Green Bonds, to which investors subscribed for an amount of EUR 375 million. "Green" electricity In 2002 Rabobank Group extended its contract to cover its "green" energy requirement. Virtually all Group entities in the Netherlands make use of the contract.The share of "green" electricity was 17% of the total requirement. During 2003, this will be increased to a quarter. Index and rating Rabobank Group's sustainability data for 2002 are the input for the Group's Sustainability Rating in 2003.This rating, which is given by the independent Swiss SAM institution, is an environmental, social and financial assessment of enterprises. Globally, 32 renowned banks are included in the SAM index. An extensive report on sustainability and social engagement will be included in our Annual Report 2002 People, Planet, Profit, to be published in June 2003. @More about sustainability and our social engagement? Go to: 'With our respective medical and technical backgrounds, we complemented each other in the development of the Air Manager Pro: a heart-lung machine that makes open- heart surgery safer. The beauty of it is that patients really benefit from it. The Herman Wijffels Award was a great incentive. Among other things, the money, 100,000 euros, enabled us to pay for the CE hallmark procedure. As soon as we have that mark of quality, we can start selling the equipment. The award was also a mental stimulus. You put a lot of time and money into an enterprise and have to make some difficult choices. The award was a confirmation that we were on the right track. Our latest product is called Dyna-Vision. It permits the measurement of blood circulation and cardiac functions without having to take blood samples.' Sander Huntelerslag and Rutger Brest, Kempen - R&S TechMedic B.V., clients with Rabobank Alkmaar and winners of the Herman Wijffels Innovation Award 2002

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Annual Reports Rabobank | 2002 | | pagina 48