Commentary & Deal Flow

Spread set at: 3yr: SONIA+77bp - IOIs in excess of £178m (ex JLM)
Guidance: 3yr: SONIA+77bp

• Issuer: ABN AMRO Bank N.V. (ticker: ABNANV)
• LEI Code: BFXS5XCH7N0Y05NIXW11
• Issuer rating: Aa3/A/A (Moody's/S&P/Fitch)
• Expected Issue rating: Aa3/A/A+ (Moody's/S&P/Fitch)
• Form of the notes: New Global Note, Reg S, Bearer
• Format: Senior Preferred MREL Floating Rate Notes
• Tenor: 3-year
• Currency & Size: £ min 200m
• Pricing Date: 14-Apr-26
• Settlement Date: 21-Apr-26 (T+5)
• Maturity Date: 21-Apr-29
• Margin: SONIA + 77bps
• Interest Payment Dates: 21 July, 21 October, 21 January and 21 April in of each year up to and including the Maturity Date, payable quarterly in arrear
• First Interest Payment Date: 21-Jul-26
• Ranking: Unsubordinated and unsecured obligations, ranking pari passu and without any preference among themselves and with all other unsecured and unsubordinated obligations (including Senior Preferred Notes) other than, in the event of bankruptcy, Statutory Senior Non-Preferred Obligations. As more fully described in the Base Prospectus and supplements.
• Set-off: No Noteholder may exercise or claim any right of set-off in respect of any amount owed to it by the Issuer arising under or in connection with the SP Notes.
• Redemption for Tax Reasons: Applicable
• Redemption due to MREL Disqualification Event: Applicable
• Variation or Substitution: If as a result of a MREL Disqualification Event the SP Notes can no longer be, or are likely to become no longer, included in full as MREL Eligible Liabilities, then the Issuer may, either substitute all of the SP Notes or vary the terms of the SP Notes so that they remain or become MREL Eligible Liabilities within the meaning of the Applicable MREL Regulations, subject to prior regulatory approval and applicable conditions, as more fully described in the Base Prospectus and supplements.
• Statutory Loss Absorption: SP Notes may become subject to the determination by the Resolution Authority that without the consent of the SP Noteholder all or part of the SP Notes must be written down, reduced, redeemed and cancelled or converted into common equity Tier 1 instruments or otherwise be applied to absorb losses, as more fully described in the Base Prospectus and supplements.
• Events of Default: Events of Default of SNP Notes are restricted to bankruptcy and liquidation of the Issuer.
• Redemption Price: 100%
• Documentation: ABN AMRO Bank N.V. EMTN Programme Base Prospectus consisting of the Registration Document dated 6 June 2025 as supplemented on 15 August 2025 and on 28 November 2025; 18 March 2026; and the securities note dated 15 August 2025 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
• Business Days: London, T2
• Denominations / Governing Law: GBP 100k+100k / Dutch
• Sales Restrictions: As set out in the EMTN Base Prospectus and supplements
• Listing: Euronext Dublin
• Use of Proceeds: General Corporate Purposes
• Target market (MiFID II / UK MiFIR product governance): 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
• Joint Lead Managers: ABN AMRO Bank N.V., BMO Capital Markets, Goldman Sachs Bank Europe SE, NatWest, Natixis
• Timing: Books open, pricing today