Book size: 6900; Registration: Reg S Only; Comments: EUR1.5bn 10yr fxd cpn 3.375% at 99.624, yld 3.42%. Spread: MS+49bps. +51.4bps vs DBR 2.9 02/15/36 (99.94, 98% HR);

Reoffer: 10yr: MS+49bp / 99.624 / 3.420% Benchmark: 10yr: DBR 2.9 15-Feb-36 @ 99.94 / B+51.4 / HR 98% Final Books: Closed > EUR 6.9bn (incl. 350m JLM) Launched: 10yr: €1.5bn @ MS+49bp - Orderbook > €6.1bn (incl. €350m JLM) Guidance: 10yr: MS+52a Issuer: Province of Alberta Ticker: ALTA Issuer Ratings: Aa2/AA-/AA (Moody's/S&P/Fitch, all stable) Format: Reg S, Bearer Notes, NGN Size: €1.5bn Maturity: 24-Mar-36 Settlement: 24-Mar-26 (T+5) Coupon: 3.375% Fixed, Annual ACT/ACT Reoffer: MS+49bps / 99.624 / 3.420% Benchmark: +51.4bps vs DBR 2.9 15-Feb-36 (99.94, 98% HR) Denominations: €100,000 + €1,000 Bookrunners: Barclays / BMO (DM/B&D) / J.P. Morgan / RBC Capital Markets / TD Securities Listing: London Stock Exchange Law: Province of Alberta /Canada Target Market: Professional / Eligible Counterparties (All Distribution Channels) Fees: The Banks will be paid a fee by the Issuer in respect of the placement of the securities ISIN: XS3323616352 Timing: Priced. TOE 14.55 UKT / 15.55 CET, FTT immediately