Book size: 13800; Registration: Reg S Only; Comments: EUR2.5bn 10yr fxd cpn 3.125% at 99.881, yld 3.139%. Spread: MS+19bps. 21.2 bps vs DBR 2.9 02/15/36 (price 99.757), HR 100%;

Reoffer: 10yr: MS+19bp / 99.881 / 3.139% Benchmark: 10yr: DBR 2.9 15-Feb-36 @ 99.757 / B+21.2bp / HR 100% Final Books: Books closed in excess of €13.8bn (excl. JLM interest) Launched: 10yr: €2.5bn @ MS+19bp - Books closed in excess of €13.8bn (excl. JLM interest) Spread set at: 10yr: MS+19bp - Books in excess of €7.4bn (excl. JLM interest) Guidance: 10yr: MS+22bp area Issuer: Grand Duchy of Luxembourg Ratings: Aaa/AAA/AAA (Moody's/S&P/Fitch) (all stable) Format: Reg S Bearer, Senior, Unsecured Size: €2.5bn Maturity: 24-Mar-36 Settlement: 24-Mar-26 (T+6) Coupon: 3.125% Fixed, Annual, ACT/ACT Reoffer: MS+19bp / 99.881 / 3.139% Benchmark: DBR 2.9 15-Feb-36 @ 99.757 / B+21.2bp / HR 100% ISIN: LU3315368814 Bookrunners: Barclays, BCEE, BGL BNP Paribas, Citi and Societe Generale (B&D) Docs: Standalone LGB Denoms: €1k+1k Law: Luxembourg Law Listing: Luxembourg Stock Exchange Target Market: The target market for the Bonds is eligible counterparties, professional and retail (all distribution channels) Timing: Priced, TOE 14:23 UKT / 15:23 CET, FTT immediately Advertisement: The Information Memorandum, when published, will be available on the website of the Luxembourg Stock Exchange IP link: https://tresorerie.public.lu/fr/publications/invest-present-202603.html