Comments: CHF100m 15yr fxd Social cpn 0.925% at 100, yld 0.925%. Spread: SARON MS+24 / Govt+51. PP: Yes;

Reoffer: 15yr: SARON MS+24bp / Govt+51bp / 100.000 / 0.925% Guidance: 15yr: SARON MS+24bp area // YTM 0.9275% area // Govt+54bp area Issuer: NRW.BANK (Ticker: NRWBK) Guarantor: Federal State of North Rhine-Westphalia (NRW) Guarantor Domicile: Germany Format: Public Fixed-Rate Social Notes Ranking: Senior Unsecured Guarantor Rating: Aa1/AA/AAA/AAA (Moody's/S&P/Fitch/SCOPE) Expected Instrument Rating: Aa1/AA/AAA/AAA (Moody's/S&P/Fitch/SCOPE) Size: CHF 100m Coupon: 0.925% p.a. Issue Price: 100.000% Spread/Yield: SARON MS+24bp // YTM 0.925% // Govt+51bp ISIN: CH1533150962 Security Number: 153315096 Maturity: 12-Mar-41 (15 years) Settlement: 12-Mar-26 Day Count: 30/360, following unadjusted Lead Managers: UBS, Deutsche Bank SNB Repo-eligibility: At the discretion of the SNB, expected yes (HQLA Level 1) Documentation: Off the Issuer's Alleviated Prospectus of NRW.BANK dated 30-Apr-25 (as supplemented by Supplement No. 1 dated 22-Jan-26) FinSA Prospectus: Delayed prospectus approval in accordance with Article 51(2) FinSA Governing Law: German law Covenants: PP SIX Listing: 10-Mar-26 Denomination: CHF 5,000 and integral multiples thereof Social Bond Framework: https://www.nrwbank.de/.galleries/downloads/investor-relations/Social-Bond/NRW.BANK-Social-Bond-Framework-2025.pdf ESG Ratings: https://www.nrwbank.de/de/die-nrw-bank/dafuer-stehen-wir/nachhaltigkeit/#ratings Use of Proceeds: An amount equivalent to the net proceeds raised from any NRW.BANK Social Bond issued under the NRW.BANK Social Bond Framework dated May 2025 (as amended or restated from time to time, the NRW.BANK Social Bond Framework) (including the Notes) will be exclusively applied to finance, in part or in full, new eligible social expenditures (Eligible Social Projects) and/or to refinance, in part or in full, existing Eligible Social Projects as listed in the NRW.BANK Social Bond Framework Target Market: As defined by the manufacturer domiciled in the EEA (MIFID II): Eligible counterparties, professional clients and retail clients in Switzerland only (all channels for distribution), subject to applicable selling restrictions. Selling Restrictions: In particular, United States of America, European Economic Area, United Kingdom, Belgium, France, Germany, Italy, Luxembourg, Canada, Japan, and/or such other restrictions as may be required in connection with the offering and sale of the Notes. Reg S TEFRA D Rules apply, no communications with or into the US.

Federal State of North Rhine-Westphalia

Finance, in part or in full, new eligible social expenditures (Eligible Social Projects) and/or to refinance, in part or in full, existing Eligible Social Projects as listed in the NRW.BANK Social Bond Framework