Distribution: Regulation S compliance Category 2, TEFRA not applicable
Tenor: 4Yr
Size: € Benchmark
Settlement: 17-Jun-26 (T+5)
Maturity: 17-Jun-30
Guidance: MS+25bps area
Coupon: [●]%, fixed, Annual, ACT/ACT (ICMA), following unadjusted
Listing / Denoms: London / EUR 100k + 1k
Clearing: Euroclear/Clearstream
Target Market: MiFID II / UK MiFIR professionals/ ECPs-only
Governing Law: Province of Ontario and the federal laws of Canada applicable therein
Joint Lead Managers: Commerzbank, Erste Group, DZ BANK, ING, Natixis, Scotiabank
Fees: The Banks will be paid a fee by the Issuer in respect of the placement of the securities. Details of the fee may be made available to investors participating in the transaction on request.
Documentation: Issued under the Global Covered Bond Programme as described in the Prospectus dated 10-Oct-25 as supplemented (together, the “Prospectus”)