Book size: 9500; Registration: Reg S Only; Comments: EUR1bn 7.25yr cpn fxd 2.75% at 99.825, yld 2.778%. Spread: MS+21bps. 27.9bps vs DBR 2.3% Feb-33s TWIN (HR 104% / 98.740 / 2.499%). LEI: 529900HEKOENJHPNN480;

Reoffer: 7yr: MS+21bp / 99.825 / 2.778% Benchmark: 7yr: DBR 2.3% Feb-33s TWIN @ 98.740 / B+27.9bp / HR 104% / 2.499% Guidance: MS+25bp area Issuer: Municipality Finance Plc Ticker: KUNTA Issuer Ratings: Aa1/AA+ (Moody's/S&P) (all stable) Format: Senior, Unsecured, Reg S, Registered Size: €1bn Settlement Date: 24-Feb-26 (T+5) Maturity: 14-Jun-33 Coupon: 2.750%, Fixed, Annual, Act/Act ICMA, short first Reoffer: MS+21bp / 99.825 / 2.778% Benchmark: 27.9bp vs DBR 2.3% Feb-33s TWIN (HR 104% / 98.740 / 2.499%) Denominations: €100k x €1k Documentation: Issuer's Debt Issuance Programme Listing: Nasdaq Helsinki Stock Exchange (Regulated market) Settlement: Euroclear/Clearstream Issuer LEI: 529900HEKOENJHPNN480 Governing Law: English ISIN: XS3303588829 Target Market: The manufacturer target market (MIFID II / UK MiFIR product governance) as assessed by the lead managers is eligible counterparties and professionals (all distribution channels) Bookrunners: J.P. Morgan, Natixis, Nordea, UBS (B&D) Timing: TOE 12:02 UKT / FTT Immediately Advertisement: The MTN Programme Offering Circular is available at: https://www.kuntarahoitus.fi/wp-content/uploads/2025/05/EUR-50b-MTN-Programme-Offering-Circular-2025.pdf