Book size: 1600; Registration: Reg S Only; Comments: EUR300m 6yr fxd cpn 4.25% at 99.275, yld 4.39%. Spread: MS+165bps/B+178bps. DBR 0.00 2/15/32 @ 85.87% (2.61%) HR 104%. MWC: B+30. Par Call: 3m. Clean-Up Call: 75%. CoC: 100%. LEI: 222100KJO80ONXIK8X08;

Reoffer: 6yr: MS+165bp / 99.275 / 4.39% Benchmark: 6yr: DBR 0 15-Feb-32 @ 85.87% / B+178bp / HR 104% Final Books: In excess of €1.6bn (good at re-offer). Launched: 6yr: €300m @ MS+165bp - Books in excess of €1.45bn IPTs: 6yr: MS+200a Issuer: HLD Europe SCA (Ticker: HLDERP, Country: LU) Issuer LEI: 222100KJO80ONXIK8X08 Issuer Rating: BBB+ (stable outlook) by S&P Exp. Issue Rating: BBB+ by S&P Format of Notes: Senior Unsecured Reg S (Cat 1), Bearer, Temporary Global Bond exchangeable into a Permanent Global Bond not earlier than 40 days after the Issue Date Settlement Date: 24-Mar-26 (T+5) Maturity Date: 24-Mar-32 (6-year) Size: €300m Coupon: 4.25%, Annual, ACT/ACT Price/Yield: 99.275% / 4.390% Spread: MS+165bps /B+178bps Ref Security: DBR 0.00 15-Feb-32 @ 85.87% (2.61%) HR 104% ISIN: XS3325290214 Documentation: Standalone / Luxembourg Law / Euro MTF / €100k+€1k / Change of control (put at par) / MWC B+30 / Clean-up call (75%) / 3m Par-Call / Negative Pledge Use of Proceeds: The net proceeds of the issue of the Bonds will be applied by the Issuer for the general corporate purposes of the Issuer, including the refinancing of its existing senior unsecured bonds, namely: (i) a EUR 100,000,000 Senior Unsecured Bonds Issue 2021, due July 2027 – 3.85 per cent. per annum, listed on the Euro-MTF with the following ISIN code: XS2360856517; and (ii) a EUR 52,800,000 Senior Unsecured Bonds Issue 2022, due April 2028 – 4.20 per cent. per annum, listed on Euronext Access (Paris) with the following ISIN code: XS2470158259 Global Coordinators & Active Bookrunners: BNP Paribas, Crédit Agricole CIB (B&D), Société Générale Passive Bookrunners: Banque Internationale à Luxembourg, BRED Banque Populaire Clearing: Euroclear and Clearstream, Luxembourg Target market: Manufacturer target market (MIFID II/UK MIFIR product governance) is eligible counterparties and professional investors only (all distribution channels). No EU PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or in the UK Advertisement: The final Prospectus, when published, will be available free of charge on the website of the Luxembourg Stock Exchange (https://www.luxse.com/) Timing: TOE 14.29 UKT FTT 14.50 UKT / 15.50 CET

The net proceeds of the issue of the Bonds will be applied by the Issuer for the general corporate purposes of the Issuer, including the refinancing of its existing senior unsecured bonds, namely: (i) a EUR 100,000,000 Senior Unsecured Bonds Issue 2021, due July 2027 – 3.85 per cent. per annum, listed on the Euro-MTF with the following ISIN code: XS2360856517; and (ii) a EUR 52,800,000 Senior Unsecured Bonds Issue 2022, due April 2028 – 4.20 per cent. per annum, listed on Euronext Access (Paris) with the following ISIN code: XS2470158259