Commentary & Deal Flow

Reoffer: 5.25yr: MS+23bp / 99.5 / 2.981%
Benchmark: 5.25yr: OBL 2.5 16-Apr-31 @ 99.515 / B+38bp / HR 103%

Final Books: In excess of €2.2bn (excl. JLM - pre-rec)

Launched: 5.25yr: €1.5bn @ MS+23bp - Books in excess of €2.2bn (excl. JLM - pre-rec)
Spread set at: 5.25yr: MS+23bp - Books in excess of €2.2bn (excl JLM)
Book Update: Books over €1.75bn (excl. JLM)
Guidance: 5.25yr: MS+28a

• Issuer: ABN AMRO Bank N.V. (ticker: "ABNANV")
• LEI: BFXS5XCH7N0Y05NIXW11
• Guarantor: ABN AMRO Covered Bond Company B.V.
• Issuer Ratings: A (Positive) / Aa3 (Stable) / A (Stable) from S&P / Moody’s / Fitch
• Instrument: Fixed Rate Soft Bullet Covered Bond
• Expected Instrument Ratings: Aaa / AAA by Moody’s / Fitch
• Format: New Global Note, Reg S, Bearer
• Type: Dutch Legislative Covered Bond, European Covered Bond (Premium) Collateral 100% Prime Dutch residential mortgages
• Tenor: 5.25-year
• Size: €1.5bn
• Reoffer: 99.500 / MS+23 / 2.981%
• Benchmark: OBL 2.5 16-Apr-31 (DE000BU25067) +38bps | HR 103% | OBL @99.515
• Pricing Date: 08-Apr-26
• Settlement Date: 15-Apr-26 (T+5)
• Maturity Date: 15-Jul-31
• Extended Due for Payment Date: 15-Jul-32
• Coupon: 2.875% Fixed rate, Actual/Actual ICMA, Following, Unadjusted
• Coupon Payment Dates: Annually in arrear, commencing on 15-Jul-26
• First Interest Payment Date: 15-Jul-26
• Coupon During Extension Period: 1-month EURIBOR plus 23bps per annum payable monthly in arrear, using day count fraction Act/360, T2, Adjusted, Modified following
• Status of the Notes: The Covered Bonds issued from time to time in accordance with the Programme will constitute unsecured and unsubordinated obligations of the Issuer, guaranteed by ABN AMRO Covered Bond Company B.V., and will rank pari passu without any preference among themselves and at least pari passu with all other present and future unsecured and unsubordinated obligations of the Issuer, save for any obligations preferred by a mandatory operation of applicable law
• Redemption Price: 100% of Notional Amount
• Documentation: ABN AMRO Bank N.V. Covered Bond Programme, guaranteed as to payments and interest by ABN AMRO Covered Bond Company B.V.; Base Prospectus consisting of the Securities Note dated 15-Aug-25 and Registration Document dated 06-Jun-25, as both supplemented from time to time. The Base Prospectus and supplements are available on the Issuer’s website: www.abnamro.com/programmedocs The Final Terms, when published, will be available on the Issuer’s website: www.abnamro.com/bonds
• Governing Law: Dutch Law
• Listing / Denominations: Euronext Dublin / EUR 100,000 + EUR 100,000
• Clearing System: Euroclear/Clearstream
• Use of Proceeds: General Corporate Purposes
• Selling Restrictions: As set out in the Base Prospectus and supplements
• Target Market: Eligible counterparties and professional clients only (all distribution channels). No EU PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail in the EEA or the UK
• ISIN: XS3344463792
• Joint Bookrunners: ABN AMRO (B&D), Helaba, Lloyds, Natixis, UBS
• Timing: PRICED / TOE: 14.56 CET / FTT 15.16 CET