Book size: 1250; Registration: Reg S Only; Comments: GBP300m 6.5yr cpn fxd 5.125% at 99.937, yld 5.142%. Spread: Mid Gilts + 100bps. HR: 100% vs UKT 4 ¼ 07-June-2032 @100.947 (mid) / 4.078% (S/A) / 100.917 (bid). Par Call: 3m. MWC: Gilts+15bps. CoC: Yes. LEI: 213800CN1RI3UCIZWB95;

Reoffer: 6.5yr: UKT+100bp / 99.937 / 5.078% Benchmark: 6.5yr: UKT 4.25 07-Jun-32 @ 100.947 (mid) / 4.078% (S/A) / HR: 100% Final Books: in excess of £1.25bn (good at re-offer) IPTs: 6.5yr: UKT+115/120bp Issuer: Marks & Spencer PLC Ticker: MARSPE Country: GB Issuer LEI: 213800CN1RI3UCIZWB95 Issuer Ratings: Baa3 (stable by Moody's) / BBB- (stable by S&P) Exp. Issue Ratings: Baa3 (Moody's) / BBB- (S&P) Format: Senior Unsecured, Reg S, Bearer, Classic Global Note format. Temporary Global Note exchangeable for a Permanent Global Note Settlement Date: 18-Feb-26 (T+5) Tranche: 6.5-year Size: £300m Maturity Date: 18-Aug-32 Re-offer: Mid Gilts + 100bps / 99.937 / 5.078 (S/A) / 5.142 (Ann.) Reference Benchmark: HR: 100% vs UKT 4.25 07-Jun-32 @100.947 (mid) / 4.078% (S/A) / 100.917 (bid) Coupon: 5.125%, Fixed, annual, Act/Act (ICMA), short first coupon ISIN: XS3293652551 Denominations: £100k + £1k Optional Redemption: 3m par call, Make Whole Call (Gilts+15bps), Change of Control Investor Put Option Documentation: Offering Circular dated 27-Nov-25, as supplemented on 06-Feb-26 prepared by the Issuer in connection with its £3bn EMTN programme Listing / Governing Law: LSE (Main Market) / English Law Clearing and Settlement: Euroclear and Clearstream, Luxembourg Use of Proceeds: General corporate purposes, including the refinancing of the Issuer’s outstanding senior unsecured notes due May 2026 (XS2258453369; of which GBP 109,379,000 remains outstanding), and the outstanding senior unsecured notes due July 2027 (XS2024535036) (the “2027 Notes”) in connection with the cash tender offer for such 2027 Notes announced by the Issuer on 09-Feb-26 Joint Bookrunners: BNP Paribas, Lloyds (B&D), Standard Chartered Bank Selling Restrictions: US: Regulation S, Category 2, TEFRA D; EEA (including Belgium)/UK/Singapore/Japan. As more fully set out in the Offering Circular relating to the Notes Target Market: Manufacturer target market (UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail in EEA or in the UK Advertisement: The Offering Circular dated 27-Nov-25, as supplemented on 06-Feb-26, and the Final Terms, when published, will be available on the website of the London Stock Exchange www.londonstockexchange.com Marketing: URL: https://dealroadshow.com / Entry Code: Marks_and_Spencer26 Direct Link: https://dealroadshow.com/e/Marks_and_Spencer26 TOE: 14:04 UKT FTT: 14:30 UKT Stabilisation: Applicable, stabilisation regulations apply, including FCA/ICMA

General corporate purposes, including the refinancing of the Issuer’s outstanding senior unsecured notes