Commentary & Deal Flow

***Corrects final books***

Reoffer: 4.5yr: MS+90bp / 99.785 / 3.807%
Benchmark: 4.5yr: DBR 2.4% 15-Nov-30 @ 98.53 / B+104.6 (HR: 101%)

Final Books in excess of €1.6bn. Peak book in excess of €1.6bn.

Launched: 4.5yr: €500m @ MS+90bp - Books in excess of €1.4bn
IPTs: 4.5yr: MS+115a

• Issuer: Sixt SE
• Ticker: SIXGR
• Country: DE
• Issuer LEI: 5299004ZME6CSBR7WP07
• Issuer Rating: BBB (stable) by S&P
• Expected Issue Rating: BBB by S&P
• Format: Reg S, Bearer, Senior Unsecured, Temporary Global Note exchangeable against a Permanent Global Note
• Size: €500m
• Tenor: 4.5-year
• Maturity date: 15-Jan-31
• Re-Offer: MS+90bps / 99.785 / 3.807%
• Benchmark: DBR 2.4% 15-Nov-30 @ 98.53 / 2.761% (HR: 101%)
• Coupon: 3.75% Fixed, Annual, ACT/ACT, Short First Coupon, following, unadjusted
• Settlement: 15-Jul-26 (T+5)
• ISIN: DE000A46Z700
• Docs: Debt Issuance Programme / CoC / Tax Call / 2-month Par Call / Clean-up Call (80%)
• Denomination: €1k x 1k
• Listing: Luxembourg Stock Exchange, Regulated Market
• Governing Law: German
• Selling Restrictions: As set out in the Base Prospectus (the "Base Prospectus") dated 19-May-26 (no communication with the U.S., no sales into Canada)
• UoP: General Corporate Purposes
• Target Market: As determined by the Joint Bookrunners: Manufacturer target market (MiFID II product governance) is eligible counterparties, professional clients and retail clients (In each case execution only, non-advisory business, and advisory business as distribution channels)
• Joint Bookrunners: BayernLB, Commerzbank, Deutsche Bank (B&D), ING and UniCredit
• TOE: 14.30 UKT / 15.30 CET
• FTT: 15.00 UKT / 16.00 CET
• Advertisement: This communication is an advertisement for the purposes of Regulation (EU) 2017/1129 and underlying legislation. It is not a prospectus. The Base Prospectus and the Final Terms, when published, will be available at: https://www.luxse.com/issuer/Sixt/63639
• Marketing: A voice-over investor presentation is available at www.netroadshow.com | Entry code: mobiLity26 | Direct link: www.netroadshow.com/nrs/home/#!/?show=ba17a87d