Book size: 8500; Registration: Reg S Only; Comments: EUR500m 10yr cpn 3.125% at 99.241, yld 3.215%. Spread: MS+48. Bund 2.9% due 15-Feb-36 +50.8bp, Ref Px: 101.66%, HR 96%. LEI: 213800RWHTSELJS5LA96;

Reoffer: 10yr: MS+48bp / 99.241 / 3.215% Benchmark: 10yr: Bund 2.9% 15-Feb-36 @ 101.66% / B+50.8bp / HR 96% Final Books: €8.2bn (Pre-Rec, Excl. JLM) FINAL TERMS: MS+48bp - Books >€8.2bn (Pre-Rec, Excl. JLM) REV GUIDANCE: MS+50bp area - Books >€5.7bn (Excl. JLM) GUIDANCE: MS+54bp area Issuer: Auckland Council Issuer LEI: 213800RWHTSELJS5LA96 Issuer Ratings: Aa2 (Stable) / AA (Stable) (Moody's / S&P) Exp. Issuer Rating: Aa2 / AA (Moody's / S&P) Format: Senior Secured Reg S Bearer, Cat1, TEFRA D Security: The obligations of the Issuer under the Notes and the Trust Deed are secured pursuant to the Debenture Trust Deed between Auckland Council and Trustees Executors Limited dated 2 December 2010 (as amended, restated or supplemented from time to time) with respect to the Charged Assets (as defined in the Debenture) through the issue of Security Stock (as defined in the Debenture) to the Trustee Size: €500,000,000 Settlement: 03-Mar-26 (T+5) Maturity: 03-Mar-36 (10yr) Coupon: 3.125% Fixed, Annual, Act/Act (ICMA), Unadjusted, Following Re-offer: MS+48bp / 3.215% / 99.241% Spread: Bund 2.9% due 15-Feb-36 +50.8bp, Ref Px: 101.66%, HR 96% Listing / Law: SGX-ST / English Denominations: €200k + €1k Documentation: Issuer's US$10bn Secured Medium Term Note Programme dated 05-Nov-25 Target Market: Professional Clients and Eligible Counterparties only (all distribution channels permitted by applicable law). No PRIIPs KID – No PRIIPs key information document (KID) has been prepared as not available to retail in EEA or the UK Use of Proceeds: General corporate purposes ISIN: XS3307263775 Joint Lead Managers: Citi (B&D), HSBC, UBS Investment Bank, Westpac Timing: Priced. TOE: 14:04 Ldn / FTT immediately Advertisement: The Offering Circular, any Supplements and Final Terms, when published, are available on the website of the SGX: https://www.sgx.com/securities/prospectus-circulars-offer-documents?value=AUCKLAND%20COUNCIL

General Corporate Purposes