5 yr: Book size: 3400; Registration: Reg S Only; Comments: USD300m 5yr 1% fxd. snr unsec, bmk RegS. A+/A+. BoC/ICBCI/HSBC/Citi/MS/GS/DBS/Santan/Miz/MUFG/CCBI/CCBA/JPM/ABCI/ABCHK/DB. T+140 area. T+88 GCP. Distribution: Asia: 81% , EMEA: 17%, Offshore US: 2% | Bank/FI: 46%, FM: 41%, Ins/Corp/Public Sector: 12%, PB: 1%; 6 yr: Book size: 4000; Registration: Reg S Only; Comments: EUR1bn 6yr Reg S. With 12yr EUR & USDs. A+/A+. GloCos BoC/ICBCI/HSBC/Citi(B&D)/MS/GS. IPTs MS+155 area, launch 1bn at MS+115, bk 4bn (~500m JLM) . DBR 0.5% 02/2026s (106.838 / 150.2bps) HR 99%. FTT 8am Thurs. MWC B+25, 3mPC. Distribution: Asia 47.62%, Germany 9.91%, UK 14.40%, Italy 3.54%, Switzerland 4.46%, Rest of Europe 7.74%, Offshore US 12.34% | Bank 39.52%, FM 50.70%, HF/PB 0.71%, Ins 2.30%, Other 6.77%.; 10 yr: Book size: 3800; Registration: Reg S Only; Comments: USD1.15bn 10yr 1.625% fxd. snr unsec, bmk RegS. A+/A+. BoC/ICBCI/HSBC/Citi/MS/GS/DBS/Santan/Miz/MUFG/CCBI/CCBA/JPM/ABCI/ABCHK/DB. T+165 area. T+118 GCP. Distribution: Asia: 79%, EMEA: 20%, Offshore US: 1% | Bank/FI: 45%, FM: 41%, Ins/Corp/Public Sector: 12%, PB: 2%; 12 yr: Book size: 1850; Registration: Reg S Only; Comments: EUR600m 12 yr Reg S. With 6yr EUR & USDs. A+/A+. GloCos BoC/ICBCI/HSBC/Citi(B&D)/MS/GS. IPTs MS+180 area, launch 600m @MS+145, bk 1.85bn (200m JLM). DBR 0% 08/2030s (@105.15) +180.2bps) HR 104%. FTT 8am Thurs. MWC B+30, 3mPC. Distribution: Asia 14.3%, Germany 16.2%, UK 16.9%, Italy 8.2%, Switzerland 7.9%, Rest of Europe 12.2%, Offshore US 24.3% | Bank 1.18%, FM 87.37%, HF/PB 1.00%, Ins 8.58%, Other 1.87%.;

State Grid Corp of China

General corporate purposes