Commentary & Deal Flow

Hypo Vorarlberg Bank AG (ticker: "VORHYP") rated Aaa (Moody's), has mandated ABN Amro, DekaBank, DZ Bank, Erste Group, Raiffeisen Bank International and UniCredit as Joint Lead Managers for an upcoming €500m (WNG) fixed-rate Mortgage Covered Bond (Hypothekenpfandbrief) transaction with a 7yr maturity. The issue will be labelled as European Covered Bond (Premium). The transaction will be launched in the near future, subject to market conditions.

• Issuer: Hypo Vorarlberg Bank AG
• Ticker: VORHYP
• Expected Issue Ratings: Aaa (Moody's)
• Format: Reg S Bearer
• Size: €500m (WNG)
• Security Type: Mortgage Covered Bond (Hypothekenpfandbrief) — European Covered Bond (Premium)
• Tenor: 7yr
• Joint Lead Managers: ABN Amro, DekaBank, DZ Bank, Erste Group, Raiffeisen Bank International and UniCredit
• Target Market: Manufacturer Target Market (MiFID II product governance) is eligible counterparties and professional clients (all distribution channels). No PRIIPs key information document (KID) or disclosure document required by the FCA Product Disclosure Sourcebook ("DISC") has been prepared as not available to retail in EEA and UK.

IR Webpage:

• https://www.hypovbg.at/investor-relations
• (English): https://www.hypovbg.at/facts-in-english/investor-relations

Annual Report:

• https://media.ffycdn.net/eu/hypo-vorarlberg/DS6ncLLnvnWMhgNgkHmv.pdf
• https://media.ffycdn.net/eu/hypo-vorarlberg/3yKv7omKNzCUceL4bv9H.pdf

Prospectus:

• https://media.ffycdn.net/eu/hypo-vorarlberg/d/4da286c8f0b94d07aa8923c22bf1d249

Rating Information:

• https://www.hypovbg.at/investor-relations/ratings

Cover Pool Report Hypothekenpfandbrief (German):

• https://www.hypovbg.at/investor-relations/emissionsprospekte/deckungsstock-kennzahlen

Performance Overview 1. Quartal 2026:

• https://media.ffycdn.net/eu/hypo-vorarlberg/j6c1mE6oJfvCZj4BAU2r.pdf