Commentary & Deal Flow

3yr FXD: Final Books > €3.9bn (incl. €220m JLM). Peak book > €4.5bn.
3yr FRN: Final Books > €2bn (incl. €45m JLM). Peak book > €2.3bn.
10yr Green: Final Books > €2.1bn (incl. €110m JLM). Peak book > €2.5bn.

Launched:
3yr FXD: €1bn @ MS+14bp - Books above €4.5bn (pre-rec) incl. €220m JLM
3yr FRN: €500m @ 3mE+24bp - Books above €2.3bn (pre-rec) incl. €45m JLM
10yr Green: €1bn @ MS+52bp - Books above €2.5bn (pre-rec) incl. €110m JLM
Book Update: Aggregate books > €8bn (incl. €375m JLM) - skew to 3yr
Guidance: 3yr: MS+23a 3yr FRN: 3mE+33a 10yr Green: MS+58a

• Issuer: Crédit Agricole Home Loan SFH
• LEI: 969500C9913Z7PKUGB44
• Type: Obligations de Financement de l'Habitat - ECB Eligible – ECBC Covered Bond Label (Premium)/CRR Compliant-10% RW
• Exp. Ratings: Aaa/AAA/AAA (Moody's/S&P/Fitch)
• Form of the Covered Bonds:
  • 3yr Fixed: Reg S Bearer Dematerialised Fixed Rate Covered Bonds
  • 3yr FRN: Reg S Bearer Dematerialised Floating Rate Covered Bonds
  • 10yr Green: Reg S Bearer Dematerialised Fixed Rate Covered Bonds
• Issue Size:
  • 3yr FXD: €1bn
  • 3yr FRN: €500m
  • 10yr Green: €1bn
• Maturity:
  • 3yr Fixed: 28-Aug-29 (3Y soft bullet)
  • 3yr FRN: 28-Aug-29 (3Y soft bullet)
  • 10yr Green: 28-Aug-36 (10Y soft bullet)
• Extended Maturity Date:
  • 3yr Fixed: 28-Aug-30
  • 3yr FRN: 28-Aug-30
  • 10yr Green: 28-Aug-37
• Settlement: 28-Aug-26 (T+7)
• Coupon:
  • 3yr Fixed: [•]% Fixed Annual, Act/Act ICMA
  • 3yr FRN: [•]% Floating Quarter, Act/360 (EURIBOR replacement conditions apply)
  • 10yr Green: [•]% Fixed Annual, Act/Act ICMA
• ISINs:
  • 3yr FXD: FR001401AM72
  • 3yr FRN: FR001401AM98
  • 10yr Green: FR001401AM80
• Reference Gilt:
  • 3yr FXD: OBL 2.1% 12-Apr-29, HR 113%
  • 10yr Green: DBR 3% 15-Aug-36, HR 98%
• Use of Proceeds:
  • 3yr Fixed & 3yr FRN: General Corporate Purposes
  • 10yr Green: To finance and/or re-finance in whole or in part Eligible Green Assets. The Crédit Agricole Group’s Green Bond Framework dated November 2023 is available on: https://www.credit-agricole.com/en/pdfPreview/200316
• Listing/Law/Denominations: Paris / French / EUR 100k+100k
• Documentation: The terms set out in this Term Sheet are subject entirely to the terms and conditions set forth in the final terms (referred to in this Term Sheet as the "Final Terms") and the base prospectus dated 19 February 2026 and any supplement thereto, in connection with the Euro 50,000,000,000 Covered Bonds (the "Base Prospectus", together with the Final Terms, the "Covered Bonds Documentation").
• EU MiFID II / UK MiFIR Target Market: Professional clients/ECPs-Only (each as defined according to EU MiFID II and/or in the COBS and the UK MiFIR as applicable) .
• 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 on request to investors participating in the transaction.
• Global Coordinator: Crédit Agricole CIB (B&D)
• Joint Bookrunners: ABN AMRO, BayernLB, BBVA, Credit Agricole CIB, Danske Bank, Erste Group and Scotiabank
• Books Subject Deadline: 12.30 CET / 11.30 UKT
• Hedge Deadline: 15:00 UKT
• Timing: Pricing later this pm
• Advertisement: Base Prospectus dated 19 February 2026 as supplemented is available on the following https://www.credit-agricole.com/en/finance/debt-and-ratings/wholesale-bonds-issues/ca-home-loan-sfh-covered-bonds