Book size: 625; Registration: Reg S Only; Comments: GBP250m 10.5yr fxd cpn 5.625% at 99.406, yld 5.705%. Spread: UKT+108. UKT 4.250% 03/2036. MWC: G+20. ;

Reoffer: Long 10y: G+108 / 99.406 / 5.705% Benchmark: Long 10y: UKT 4.25% 07-Mar-36 Final Books: £625m Launched: Long 10y: £250m @ G+108bp - Books £625m Guidance: Long 10y: G+110a IPTs: Long 10y: G+125a Issuer: Cadent Finance plc Guarantor: Cadent Gas Limited Country: UK Guarantor Ratings: Baa1/BBB/BBB+ (Moody's/S&P/Fitch) Expected Issue Ratings: Baa1/BBB/A- (Moody's/S&P/Fitch) Format: Senior, Unsecured, Reg S, Bearer, New Global Note, Green Ranking: Senior Unsecured Coupon: 5.625% (Fixed, Annual, Act/Act (Short first)) Reference Benchmark: UKT 4.25% 07-Mar-36 Optional Redemptions: Make-Whole Call (G+20), Restructuring Event Noteholder Put Active Bookrunners: BofA Securities, Crédit Agricole CIB, NatWest (B&D) Use of Proceeds: Financing and/or refinancing, in whole and in part, new and/or existing projects contributing substantially to climate change mitigation within an Eligible Category Docs: Under the Issuer's £7,000,000,000 EMTN Programme dated 27-Nov-25, as supplemented on 09-Feb-26. Listing: London Stock Exchange (Main Market). English Law. Denominations: £100k + £1k. Marketing: https://dealroadshow.com (Entry code: CADENT2026) Sales into Canada: Offers/sales into Ontario/Alberta/British Columbia only, subject to compliance with applicable law. ISIN: XS3298807374 Settlement: 19-Feb-26 (T+5)

Cadent Gas Ltd

An amount equal to the net proceeds from the issue of the Green Finance Instruments will be allocated to financing and/or refinancing, in whole and in part, new and/or existing projects contributing substantially to climate change mitigation within an Eligible Category