Commentary & Deal Flow

IPTs: 8yr: MS+115/120bp

• Issuer: Koninklijke Philips N.V. (Ticker: PHIANA, Country: NL)
• Issuer LEI: H1FJE8H61JGM1JSGM897
• Issuer Ratings: Baa1 (stable) / BBB+ (stable) / BBB+ (stable) by Moody's / S&P / Fitch
• Expected Issue Ratings: BBB+ / BBB+ by S&P / Fitch
• Form: Reg S, Bearer, New Global Note
• Status of Notes: Senior, Unsubordinated and Unsecured, Green
• ESG Label: EuGB
• Settlement Date: 28-Aug-26 (T+4)
• Size: €500m (exp)
• Tenor: 7.75-year
• Maturity Date: 28-May-34
• Coupon: FXD, Annual, Act/Act (ICMA), Short first
• ISIN: XS3484368645
• Use of Proceeds: The Notes are designated as "European Green Bonds" or "EuGB" in accordance with Regulation (EU) 2023/2631 (the "EU Green Bond Regulation"). An amount equal to the gross proceeds of the issuance of the Notes will be applied by the Issuer to finance or refinance the project(s) described in the Issuer's European Green Bond Factsheet dated 17-Aug-26.
  EuGBs issued by Philips under this Factsheet are also aligned with the voluntary guidelines of the ICMA Green Bond Principles 2025 as reflected in Philips Sustainable Finance Framework dated July 2026, which has been externally reviewed by a Second Party Opinion (SPO) provider.
  The Sustainable Finance Framework, the Second Party Opinion, Factsheet and EuGB Pre-issuance review do not form part of, nor are incorporated by reference in, the Base Prospectus.
• Denoms: €100k+1k
• Early redemption: Change of Control Put (at par), MWC, Clean-up Call (75% at par), Tax Call (at par), 3m Par Call
• Docs/Listing/Governing Law: Issuer's €10bn EMTN Programme dated 09-Mar-26 as supplemented on 21-Aug-26 / Luxembourg Listing (regulated market) / English Law
• Clearing: Euroclear / Clearstream
• Selling restrictions: Reg S and as per EMTN
• Active Bookrunners: Citi (B&D) / Deutsche Bank / HSBC / ING
• ESG & EuGB Factsheet structurer: ING
• Target Market: Manufacturer target market (MiFID II product governance / UK MiFIR product governance rules) is eligible counterparties and professional clients only (all distribution channels). No EU PRIIPs key information document (KID) or UK PRIIPs CCI product summary has been prepared as the notes will not be made available to retail investors in the EEA or the UK
• Sustainable Finance Framework / EuGB Factsheet / EuGB pre-issuance review / SPO: Sustainable Finance Framework: https://www.philips.com/c-dam/corporate/about-philips/investors/debt-info/Philips-Sustainable-Finance-Framework-July-2026.pdf
  EuGB Factsheet: https://www.philips.com/c-dam/corporate/about-philips/investors/debt-info/Philips-EuGB-Factsheet-17-August-2026.pdf
  EuGB pre-issuance review: https://www.philips.com/c-dam/corporate/about-philips/investors/debt-info/EuGB_External_Review-Royal-Philips-NV-EuGB_17Aug2026.pdf
  SPO: https://www.philips.com/c-dam/corporate/about-philips/investors/debt-info/Second_Party_Opinion-Royal-Philips-NV-Second-Party_17Aug2026.pdf
• Marketing: URL: https://dealroadshow.finsight.com
  Entry Code: PHILIPS26
  Direct Link: https://dealroadshow.finsight.com/e/PHILIPS26
• 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 dated 09-Mar-26 and the Supplement dated 21-Aug-26 and the Final Terms, when published, will be available at: https://www.luxse.com/issuer/KoPhilips/86952
• Schedule: Books open, today's business