Commentary & Deal Flow

3yr: Final Books > €950m. Peak book above €1.05bn (pre-rec)

Launched: 3yr: €300m @ MS+40bp - Books above €1.05bn (pre-rec)

IPTs: 3yr: MS+70bp area

• Issuer: PACCAR Financial Europe B.V.
• Ticker: PCAR
• Country: NL
• Keep Well Provider: PACCAR Inc.
• Issuer Rating: A1 stable (Moody's) / A+ stable (S&P)
• Expected Issue Rating: A1 (Moody's) / A+ (S&P)
• LEI (Issuer): Q47A62EK6GMSID3Y8C39
• Format: Reg S Bearer, Senior, unsecured, NGN
• Size: €300m
• Ranking: Senior, unsecured
• Joint Bookrunners: Barclays, BNP Paribas, ING (B&D), Societe Generale
• Maturity: 09-Sep-29
• ISIN: XS3491333772
• Coupon: Fixed, Annual, ACT/ACT (ICMA)
• Settlement: 09-Sep-26 (T+6)
• UoP: General Corporate Purposes
• Documents: Issued off EMTN Programme dated 6 May 2026 / English Law
• Listing: Euro MTF Market of the Luxembourg Stock Exchange
• Denomination: €100,000 + €1,000
• Selling Restrictions: US - Reg. S Compliance Category 3 TEFRA D; EEA (no sales to retail), United Kingdom (no sales to retail), The Netherlands, Japan, Kingdom of Spain, Singapore
• Target Market: Manufacturer target market (MiFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all applicable distribution channels). No EEA PRIIPs or UK CCI product summary will be prepared as the notes are not available to retail in the EEA or the UK respectively.
• Marketing: An investor presentation will be available atwww.netroadshow.com| Entry code: PCARSEP26 | Direct link:www.netroadshow.com/nrs/home/#!/?show=534331d1
• Timing: Today's business
• Advertisement: This communication is not an advertisement for the purposes of Regulation (EU) 2017/1129 and underlying legislation. It is not a prospectus. The programme Information Memorandum and any pricing supplement, when published, will be available athttps://www.luxse.com/programme/Programme-PaccarFinEurope/14657
• HR: 115% vs OBL 2.1 12-Apr-29 #189
• Hedge deadline: 14.30 UKT