Commentary & Deal Flow

Final Books US$750m+. Peak book US$1bn+ (excl JLM interest).

Launched: 5yr: US$500m @ T+160bp
IPTs: 5yr: T+180a

• Issuer: Trafigura Funding S.A. (Ticker: TRAFIG, Country: Luxembourg)
• Guarantors: Trafigura Group Pte. Ltd., Trafigura Trading LLC & Trafigura Pte Ltd
• Issuer LEI: 549300IDCRNFW0C0TJ66
• Expected Issue Ratings: Unrated
• Format: Senior, Unsubordinated and Unsecured, Fixed Rate, Reg S only, Bearer
• Ranking: Senior Unsecured
• Size: US$500m
• Pricing Date: 24-Jun-26
• Settlement Date: 01-Jul-26 (T+5)
• Maturity Date: 01-Jul-31
• Benchmark: T 4.125 31-May-31 / HR 97%
• Coupon: Fixed, Semi-Annual, 30/360
• Denomination: US$200,000 and integral multiples of US$1,000 in excess thereof up to US$399,000
• ISIN: XS3417306274
• Documentation / Governing Law: EMTN / English Law
• Listing: Regulated market of Euronext Dublin
• Selling restrictions: Reg S, Cat 2, TEFRA D; as set out more fully in the EMTN Programme
• Optional Redemption: Make-Whole Call, 3-month Par Call, Clean-Up Call (75%)
• Use of Proceeds: General Corporate Purposes
• Global Coordinators: J.P. Morgan & Standard Chartered Bank
• Joint Active Bookrunners: Crédit Agricole CIB, ING, J.P. Morgan, Société Générale, Standard Chartered Bank (B&D)
• Target Market: Manufacturer target market (MIFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EU PRIIPs or UK PRIIPs key information document (KID) / CCI product summary has been prepared as not available to retail in EEA or the UK
• Advertisement: This communication is not a prospectus for the purposes of Regulation (EU) 2017/1129 and underlying legislation. The Base Prospectus, and the final terms when published, will be available on the website of the Irish Stock exchange.
• Timing: Books open, today’s business
• Books Subject: Books subject at 1.15pm UKT
• Hedge Deadline: 3.45pm UKT