Commentary & Deal Flow

Long 4yr: Final Books above £770m. Peak book above £925m (pre-rec)

Launched: Long 4yr: £250m @ UKT+105bp - Books above £925m (pre-rec)
IPTs: Long 4yr: G+120/125bp

• Issuer: TRATON Finance Luxembourg S.A.
• Guarantor: TRATON SE
• LEI Codes: 529900BRKIE6LKIEXD84 (Issuer) / 529900UIMQRKPFN6SV80 (Guarantor)
• Guarantor Ratings: Baa2 (Stable) / BBB (Negative) by Moody's/S&P
• Expected Issue Ratings: Baa2 / BBB by Moody's/S&P
• Status/Format: Senior, Unsecured, Reg S Bearer, CGN
• Size: £250m
• Ranking: Senior Unsecured
• Joint Bookrunners: Barclays (B&D) / Deutsche Bank
• Maturity Date: 2-Oct-30 (long 4-years)
• Coupon: Fixed, Annual (short first), Act/Act (ICMA)
• Benchmark: UKT 0.375 22-Oct-30 / HR 107%
• Hedge Deadline: 14h25 UKT
• Docs: DIP / LuxSE (Regulated) / German Law / £100k + £100k / CoC put at Par / 1m Par Call / Tax Call
• UoP: General Corporate Purposes
• ISIN: DE000A4EZX40
• Selling Restrictions: Reg S and as per Debt Issuance Programme Prospectus dated 18-Mar-26 (the "Base Prospectus") as supplemented on 04-May-26 and 21-Aug-26. Sales into Canada: Ontario exemption
• Target Market: Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs key information document (KID) has been prepared (out of scope)
• Advertisement: This communication is an advertisement for the purposes of Regulation (EU) 2017/1129 and underlying legislation, as amended. It is not a prospectus. The Base Prospectus dated 18-Mar-26, and any supplements thereto are available and the Final Terms, when published, will be available at: https://www.luxse.com/
• Stabilisation: Relevant stabilisation regulations including FCA/ICMA apply
• Schedule: Books open, today's business
• Books Subject: 12h45 UKT
• Settlement: 2-Sep-26 (T+5)