Book size: 1200; Registration: Reg S Only; Comments: EUR500m 7yr cpn fxd 2.75% at 99.324, yld 2.858%. Spread: MS + 18 bps. DBR 2.3% 02/15/2033 +24.9 @98.04, HR 99%. LEI: 529900GM944JT8YIRL63;

Reoffer: 7yr: MS+18bp / 99.324 / 2.858% Benchmark: 7yr: DBR 2.3% 15-Feb-33 @ 98.04 / B+24.9 / HR 99% Final Books: Final books at reoffer above €1.2bn (incl. €215m JLM). Peak book above €1.3bn (incl. €255m JLM) Launched: 7yr: €500m @ MS+18bp - Orderbooks above €1.3bn (incl. €255m JLM) Book Update: Books above €1.1bn (incl. €255m JLM interest) Guidance: 7yr: MS+25a Issuer: Muenchener Hypothekenbank eG LEI: 529900GM944JT8YIRL63 Ticker: MUNHYP Type: Hypothekenpfandbrief (Mortgage Covered Bond) Covered Bond Label: European Covered Bond (Premium) Issue Rating: Aaa by Moody's (exp.) Format: Reg S Bearer Size: €500m Coupon: 2.750% Fixed, annual, act/act ICMA Maturity: 09-Feb-33 Settlement: 09-Feb-26 (T+5) Reoffer: MS + 18 bps / 99.324% / 2.858% Reference: DBR 2.3% 15-Feb-33 +24.9 @98.04, HR 99% Denoms/Listing/Law: 1k / Munich / German ISIN/WKN/Series: DE000MHB42J6 / MHB42J6 / Serie 2089 Joint Leads: Commerzbank (B&D), DZ BANK, Erste Group, Helaba, ING, UBS MiFID II: Manufacturer target market (EU MiFID II product governance) is eligible counterparties, professional clients and retail (all distribution channels appropriate) Advertisement: The Base Prospectus is available at https://www.mhb.de/en/investors/prospect-final-terms-and-summaries Timing: Priced 14.19 CET / FTT 14.45 CET