Book size: 3900; Registration: Reg S Only; Comments: EUR1.25bn 10yr fxd cpn 3.125% at 99.636, yld 3.168%. Spread: MS+23. +25.3bps vs DBR 2.9 02/15/36 (bid @ 99.860; 99% HR);

Reoffer: 10yr: MS+23bp / 99.636 / 3.168% Benchmark: 10yr: +25.3bps vs DBR 2.9 15-Feb-36 (bid @ 99.860; 99% HR) Final Books: In excess of €3.9bn (excl. JLM) Launched: 10yr: €1.25bn @ MS+23bp - Books closed in excess of €3.9bn (excl. JLM) Spread set at: 10yr: MS+23bp - Books in excess of €3bn (excl. JLM) Guidance: 10yr: MS+25a Issuer: Landwirtschaftliche Rentenbank Guarantor: Federal Republic of Germany BBG Ticker: RENTEN Ratings: AAA/AAA/AAA (S&P/Fitch/Scope) (all stable) Format: Senior, Unsecured, Reg S Category 1, Bearer Size: €1.25bn Settlement Date: 24-Mar-26 (T+5) Maturity Date: 24-Mar-36 Coupon: 3.125%, Fixed, annual, ACT/ACT ICMA Reoffer Spread: MS+23bp Reoffer Price/Yield: 99.636 / 3.168% Bund Ref: +25.3bps vs DBR 2.9 15-Feb-36 (bid @ 99.860; 99% HR) Denominations: €1k + €1k Documentation: Issuer’s EMTN Programme Listing: Luxembourg Stock Exchange Settlement: Euroclear/Clearstream Governing Law: German Lead Managers: Barclays (B&D), Deutsche Bank, NatWest, UBS ISIN: XS3325285214 Target Market: Professionals, Retail and Eligible counterparties (all channels for distribution), each as defined in MIFID II / UK MiFIR (all channels for distribution of the bonds are appropriate) Timing: PRICED. TOE: 13:09 UK. FTT: IMMEDIATELY.

Federal Republic of Germany