Commentary & Deal Flow

Guidance: 7yr: €500m @ MS+90bp - Book in excess of €3.25bn
IPTs: 7yr: MS+125a

• Issuer: Wolters Kluwer N.V.
• LEI: 724500TEM53I0U077B74
• Issuer Ratings: A3 (Stable) by Moody’s / A- (Stable) S&P
• Issuer ESG Rating: Morningstar Sustainalytics (Industry Group: Software & Services) (11.0) Low Risk
• Exp. Issue Ratings: A- by S&P
• Format: Fixed rate, Senior, Unsecured, Reg S (Cat. 2) Bearer, NGN
• Size: €500m
• Pricing Date: 15-Jun-26
• Settlement Date: 22-Jun-26 (T+5)
• Maturity Date: 22-Jun-33 (7-Year)
• Coupon: Fixed, Annual, Act/Act (ICMA), Following Unadjusted
• Early Redemption: MWC / 3m Par Call / Clean-up Call (75%) / Tax Call
• Documentation: Preliminary Prospectus dated 15-Jun-26 / Luxembourg Stock Exchange (Regulated Market) / Dutch Law
• Clearing: Euroclear / Clearstream, Luxembourg
• Denominations: €100,000 + €1,000
• Use of proceeds: General corporate purposes
• ISIN / Common Code: XS3395917761 / 339591776
• Target Market: The manufacturer target market (MIFID II / UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs key information document (KID) or UK disclosure document has been prepared as the notes will not be made available to retail investors in the EEA or the UK.
• Selling Restrictions: Yes, as per Issuer’s Documentation, RegS. No communication with or into the US. No sales to EEA or UK Retail Investors; other restrictions apply. Other restrictions apply into Italy, Japan and Singapore.
• Sales into Canada: Offers/sales into Ontario/Alberta/British Columbia only, subject to compliance with applicable law
• Marketing: The Company is available for calls with investors upon request. An investor presentation has been made available at: www.netroadshow.com/nrs/home/#!/?show=79440d38 (Recommended) OR Visit www.netroadshow.com and enter the deal entry code: WK2026 (not case-sensitive)
• Global Coordinator: ING
• Joint Lead Managers: ABN AMRO, BofA Securities, Citi, ING (B&D), Rabobank
• Books Subject: 12:15 UKT / 13:15 CET
• Timing: Books open, Today's business
• Advertisement: This communication is an advertisement for the purposes of Regulation (EU) 2017/1129 and underlying legislation. It is not a prospectus. The prospectus will be available, on: https://www.luxse.com