Commentary & Deal Flow

Long 5yr: Final Books €400m+ (incl. €75m JLM). Peak book €540m+ (including €75m JLMs)

Launched: Long 5yr: €300m @ MS+160bp - Books €540m+ (including €75m JLMs)
IPTs: Long 5yr: MS+170a

• Issuer: grenke Finance Plc
• Guarantor: grenke AG
• LEI of the Issuer: 635400ILKD2MBMANBG03
• LEI of the Guarantor: 529900BHRYZ464GFD289
• Exp. Issue Rating: BBB/BBB (S&P/Fitch)
• Guarantor Rating: BBB (negative) by S&P / BBB (stable) by Fitch
• Status of the Notes: Unsubordinated and Unsecured
• Form of Notes: Bearer Notes in New Global Note format
• Coupon Type: Fixed rate, Actual/Actual ICMA
• Currency / Nominal Amount: €300m
• Terms set: €300m at MS+160bp#
• Specified Denomination: EUR 1,000 and multiples thereof
• Pricing Date: 25-Aug-26
• Settlement Date: 31-Aug-26 (T+4)
• Maturity Date: 07-Oct-31
• Interest Payment Dates: Annually in arrear on 07 October in each year and on the Maturity Date, commencing 07-Oct-27, long first coupon
• ISIN / CC / WKN: XS3485481157 / 348548115 / A4EZZV
• Documentation: Debt Issuance Programme dated 13-Mar-26, as supplemented
• Use of Proceeds: General Corporate Purposes
• Target Market: Manufacturer Target Market (EU MiFID II/UK MiFIR product governance) is eligible counterparties, professional and retail clients, each having (1) basic knowledge and/or experience with financial products, (2) a long-term investment horizon, (3) general capital formation / asset optimization as investment objective, (4) no or only low loss bearing capacity, (5) a medium risk tolerance (in each case all distribution channels). No EU PRIIPs key information document (KID) or UK disclosure document required by the FCA Product Disclosure Sourcebook (DISC) has been prepared
• Listing / Law / Clearing: Regulated Market Luxembourg / German / Euroclear/Clearstream Luxembourg
• Joint Lead Managers: Deutsche Bank, Goldman Sachs Bank Europe SE, HSBC, IMI-Intesa Sanpaolo, ING (B&D)
• Selling restrictions: As per grenke's Debt Issuance Programme Base Prospectus; EEA: Sales will be made to investors with at least a total consideration of EUR 100,000 (as set forth in Article 1 (4) (d) of the EU Prospectus Regulation) only, U.S. RegS, TEFRA D. No action has been or will be taken to permit a public offer.
• Advertisement: This communication is not an advertisement for the purpose 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 www.grenke.com/en/investor-relations/debt-capital/issued-bonds/
• Netroadshow: https://dealroadshow.finsight.com and enter the entry code: grenke2026 (not case-sensitive).
• Timing: Books open, Today's business
• Books to close: 12.40 Ldn / 13.40 CET
• Hedge ratio: 95% vs OBL 2.9% 31 #194
• Hedge deadline: 14.00 UK / 15.00 CET