Commentary & Deal Flow

Reoffer: 6yr: MS+175bp / 99.796 / 4.794% 9yr: MS+230bp / 99.469 / 5.458%
Benchmark: 6yr: DBR 0% Feb-32 @ 84.81 / B+188.2bp / HR 105% 9yr: DBR 2.6% Aug-34 @ 96.45 / B+236.4bp / HR 96%

6yr: Final Books > €1.4bn. Peak book > €2bn
9yr: Final Books > €625m. Peak book > €1.3bn

Book Update: 6yr: > €1.85bn | 9yr: > €1bn
Guidance: 6yr: MS+175bp - Book > €2bn 9yr: MS+230bp - Book > €1.3bn
IPTs: 6yr: MS+200a 9yr: MS+250a

• Issuer: Teleperformance SE (ticker: RCFFP, country: FR)
• Issuer LEI: 9695004GI61FHFFNRG61
• Issuer rating: BBB stable outlook by S&P
• Rating of the bonds: BBB by S&P
• Format: Reg S bearer dematerialised senior unsecured (Cat.2)
• Pricing Date: 19-May-26
• Settlement: 28-May-26 (T+7)
• Size:
• • 6yr: €700mn
  • 9yr: €500mn
• Maturity:
• • 6yr: 28-Mar-32
  • 9yr: 28-Jan-35
• Reoffer:
• • 6yr: ms+175bps / 99.796 / 4.794%
  • 9yr: ms+230bps / 99.469 / 5.458%
• Coupon:
• • 6yr: 4.75% Fxd, Annual, Act/Act (ICMA), short first coupon
  • 9yr: 5.375% Fxd, Annual, Act/Act (ICMA), short first coupon
• Benchmark:
• • 6yr: +188.2bps vs DBR 0% Feb-32 (84.81) HR: 105% / +144.9bps vs FRTR 3.25% Feb-32
  • 9yr: +236.4bps vs DBR 2.6% Aug-34 (96.45) HR: 96% / +176.5bps vs FRTR 3% Nov-34
• MWC:
• • 6yr: OAT+25bps
  • 9yr: OAT+30bps
• Global Coordinators: Crédit Agricole CIB, Goldman Sachs Bank Europe SE (B&D), Société Générale
• Active Bookrunners: BNP Paribas, Citi, Crédit Agricole CIB, Goldman Sachs Bank Europe SE, HSBC, Natixis, Société Générale
• Documentations: EMTN Programme / French Law / 3m Par Call / MWC (vs. OAT)/ Clean-up @75% / CoC
• Denominations: €100k + 100k
• Listing: Euronext Paris
• UoP: General Corporate Purposes and the refinancing of existing indebtedness, including the partial refinancing of the Issuer’s EUR500m 0.250% bonds due 26th November 2027 (ISIN: FR0014000S75) and EUR700m 5.250% bonds due 22nd November 2028 (ISIN: FR001400M2F4), targeted by a Tender Offer simultaneously announced by the Company
• Target Market: The manufacturer target market (MIFID II/UK MIFIR product governance) is eligible counterparties and professional investors (all distribution channels). No EU PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or the United Kingdom
• TOE / FTT: 14.54 UKT / 15.30 UKT
• ISIN:
• • 6yr: FR0014018LK2
  • 9yr: FR0014018LM8
• Selling Restrictions: As set out in the EMTN Base Prospectus dated 11 December 2025 and supplemented on 13 May 2026
• Advertisement: Base Prospectus dated 11 December 2025, Supplement dated 13 May 2026 and Final Terms, when published, will be available on the website of the AMF: https://www.amf-france.org