Commentary & Deal Flow

Guidance: 3yr: MS+55a (+/-5 WPIR) - Books > €3.2bn 8yr: MS+95a (+/-2 WPIR) - Books > €2.5bn
IPTs: 3yr: MS+85/90bp 8yr: MS+125/130bp

• Issuer: RELX Finance B.V.
• Issuer LEI: 54930086P8MBY4IN4E29
• Guarantor: RELX PLC (Ticker: RELLN)
• Guarantor LEI: 549300WSX3VBUFFJOO66
• Guarantor Ratings: A3/A-/A- (Moody's/S&P/Fitch)
• Expected Issue Ratings: A3/A-/A- (Moody's/S&P/Fitch)
• Format: Reg S, Bearer NGN, Cat2
• Ranking: Senior Unsecured
• Settlement: 03-Jun-26 (T+5)
• Size: € Benchmark (each tranche), max €1.5bn total
• Coupon: Fixed (Annual, ACT/ACT (ICMA))
• Coupon Payment:
• • 3yr: Payable annually on 22 May in each year, commencing from 22-May-27 up to and including the Maturity Date (short first coupon)
  • 8yr: Payable annually on 3 June in each year, commencing from 03-Jun-27 up to and including the Maturity Date
• Maturity Date:
• • 3yr: 22-May-29
  • 8yr: 03-Jun-34
• Par Call:
• • 3yr: 1 month
  • 8yr: 3 months
• ISIN:
• • 3yr: XS3317606419
  • 8yr: XS3317607060
• Use of Proceeds: General Corporate Purposes
• Marketing: An investor presentation will be available at https://dealroadshow.com Entry Code: RELX2026 (Direct link: https://dealroadshow.com/e/RELX2026)
• Documentation: Standalone / MWC / CoC Put / Clean-up Call (75%)/ Tax Call
• Target Market: UK MiFIR and EU MiFID II Professionals & Eligible Counterparties only (all distribution channels). No EEA PRIIPs KID or UK PRIIPs KID/CCI product summary will be prepared as not available to retail in EEA or the U.K.
• Governing Law: English Law
• Selling Restrictions: As per the issuer’s preliminary prospectus
• Denominations: €100k + 1k
• Listing: London Stock Exchange (Regulated market)
• Joint Active Bookrunners: BNP Paribas, Citigroup, Commerzbank, J.P. Morgan (B&D), Rabobank, TD Securities, UniCredit
• Advertisement: The final prospectus, when published, will be available on the issuer’s website (https://www.relx.com/investors/debt-investors/term-debt)
• Timing: Books open, today's business
• Books subject at: 12.40 UKT