Commentary & Deal Flow

Deutsche Lufthansa AG, a leading aviation group with worldwide operations, (ticker: "LHA", country: DE) rated Baa3/BBB-/BBB- (Moody's/S&P/Fitch), has mandated BNP Paribas, Citigroup and ING as Joint Global Coordinators & Joint Bookrunners and Bank of China, DZ Bank, Erste Bank and LBBW as Joint Bookrunners to arrange a series of fixed income investor calls on Monday, 18th May 2026. ING is coordinating logistics. An investor presentation with voiceover has been made available on NetRoadshow.

A Euro denominated, Reg S, bearer, NGN, 5.7yr Senior Unsecured EUR benchmark bond offering is expected to follow, subject to market conditions.

The bonds, if issued, will be offered under Deutsche Lufthansa AG’s EUR 10bn Debt Issuance Progamme. The net proceeds from the issue of the Notes will be applied for general corporate purposes incl. repayment of existing debt.

Manufacturer target market (MIFID II product governance) is eligible counterparties, professional clients and retail clients. No EU PRIIPs key information document (KID) or UK disclosure document required by the FCA Product Disclosure Sourcebook (DISC) has been prepared.

Advertisement: The Base Prospectus dated 23 April 2026 and supplemented on 8 May 2026 are available and the Final Terms for any Notes issued, when published, will be available on the website of the Luxembourg Stock Exchange: https://www.bourse.lu/home