Book size: 480; Registration: Reg S Only; Comments: EUR250m 4.25yr cpn 2.50% at 99.616, yld 2.598%. Spread: MS+14. LEI: 0W2PZJM8XOY22M4GG883;;

Reoffer: MS+14bp / 99.616% / 2.598% Benchmark: OBL 2.4 18-Apr-30 @ 100.26 / B+26.6bp / HR 100% Final Book: Above €480mn (incl. €30m JLM). Peak book above €680mn. Launched: €250mn @ MS+14bp - Books above €680mn (incl. €30m JLM) Book Update: Books above €600mn (incl. €30m JLM) Guidance: long 4yr: MS+20a Issuer: DekaBank Deutsche Girozentrale Issuer LEI: 0W2PZJM8XOY22M4GG883 Ticker: DEKA Corp Issue Type: Public Sector Covered Bond (Oeffentlicher Pfandbrief) Format: Reg S bearer, New Global Note Exp. Rating: Aaa (Moody's) Size: €250mn LCR level 2A eligible/ECB repo compliant Coupon: 2.5%, annual, act/act ICMA, short first coupon Pay Date: 11-Feb-26 (T+7) Maturity: 15-May-30 (long 4 years) Reoffer: MS+14 bps / 99.616% / 2.598% Benchmark: +26.6bps vs. OBL 2.4 18-Apr-30 @ 100.26, HR 100% Leads: DekaBank(B&D), Erste Group, UniCredit Listing: Frankfurt/Luxembourg Denoms/Law: €100k + 100k, German Docs: Debt Issuance Programme ISIN/WKN: XS3285777713 / DK0YU6 MiFID II: The target market for the bonds is eligible counterparties and professional clients, each as defined in MiFID II. Fees: The Joint Bookrunners will be paid a fee in connection to the transaction (MIFID II) Timing: Priced, TOE: 14:19 CET, FFT: 14:35 CET