Commentary & Deal Flow

Final Books: €2.25bn+ (incl. €290m JLM). Peak book above €2.6bn (incl. €320m JLM)

Launched: 5yr: €500m @ MS+30bp - Books above €2.6bn (incl. €320m JLM)
Book Update: Books above €2bn (incl. €320m JLM)
Guidance: 5yr: MS+38a

• Issuer: Česká spořitelna, a.s. (Ticker: CESSPO)
• LEI: 9KOGW2C2FCIOJQ7FF485
• Issuer Ratings: A1 / A (stable/stable) (Moody’s/Fitch)
• Exp. Issue Rating: Aaa by Moody's
• Issue Type: Czech Mortgage Covered Bond backed by 100% Czech residential mortgages, EU harmonization label European Covered Bond (Premium)
• Format: RegS, Bearer Form, New Global Note
• Currency / Size: €500m
• Tenor: 5-year
• Settlement Date: 19-May-26 (T+5)
• Maturity Date: 19-May-31 (soft bullet)
• Coupon: Fixed, annual, actual/actual (ICMA), following, unadjusted
• Spread: MS+30bps
• Business Days: T2 and Clearing System
• Denoms: €100k + €100k
• Listing: Vienna Stock Exchange - Official Market (Amtlicher Handel)
• Law: German with Czech clause (pool)
• ISIN: XS3379780615
• Documentation: Česká spořitelna Mortgage Covered Bonds Programme dated 06-Mar-26 and the Registration Document dated 28-Nov-25 as supplemented thereof.
• Advertisement: This communication is an advertisement for the purposes of Regulation (EU) 2017/1129 and underlying legislation. It is not a prospectus. The Base Prospectus and the Final Terms, when published, will be available at: https://www.csas.cz/en/documents-to-download#/1124/Debt-Investors
• Manufacturer target market: MiFID II/UK MiFIR professionals/ECPs-only / No PRIIPs or FCA Product Disclosure Sourcebook (DISC) disclosure document KID – Manufacturer target market (MiFID II/UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs or FCA Product Disclosure Sourcebook (DISC) disclosure document has been prepared as not available to retail in EEA or the UK. No sales to retail clients, as defined under MiFID II/UK MiFIR.
• Global Coordinator: Erste Group
• Joint Bookrunners: BayernLB, Commerzbank, DZ BANK, Erste Group, Helaba and Natixis
• Fees: The Banks will be paid a fee by the Issuer in respect of the placement of the Notes.
• Timing: Books to close at 11:30 CET