Commentary & Deal Flow

IPTs: 4yr: MS+100a 7yr: MS+125a

• Issuer: Kingspan Securities (Ireland) DAC
• Guarantors: Kingspan Group plc (the 'Parent', Country: IE), Kingspan Holdings (Irl) Limited, Kingspan Securities Limited, Kingspan Holdings (Overseas) Limited, Kingspan Holdings (North America) Limited, Kingspan Holdings Limited, Kingspan International Finance Unlimited Company, Kingspan Holdings Panels US, Inc
• LEI of Issuer: 635400FJSIQEIEFQMV55
• LEI of Parent: 635400HM7V74SUB9OG75
• Parent Ratings (S&P/Fitch): BBB (stable) / BBB (stable)
• Expected Issue Ratings: BBB/BBB (S&P/Fitch)
• Format: Senior Unsecured, Reg S, Green, Bearer, NGN
• Size:
  • 4yr: €300m (expected)
  • 7yr: €500m (expected)
• Ranking: Senior Unsecured
• Bookrunners: BNP Paribas, BofA Securities Europe SA, ING and UniCredit (B&D)
• Sole ESG Structuring Coordinator: ING
• Maturity Date:
  • 4yr: 9-Sep-30 (4 years)
  • 7yr: 9-Sep-33 (7 years)
• Par Call:
  • 4yr: Yes, 1 month
  • 7yr: Yes, 3 month
• Optional Redemption: Change of Control Put (at Par) / Clean Up Call (75%) / MWC
• ISIN / Common Code:
  • 4yr: XS3486650495 / 348665049
  • 7yr: XS3486650651 / 348665065
• Docs / Denoms: €3.0bn EMTN Programme dated 6-Mar-26 and supplemented on 7-Aug-26 and 28-Aug-26 / Global Exchange Market of Euronext Dublin / English Law / €100k+1k
• Clearing: Euroclear and Clearstream, Luxembourg
• Business Days: T2
• Day Count: Act/Act (ICMA)
• Coupon: Fixed, annually in arrears, Act/Act (ICMA)
• Selling Restrictions: Reg S Cat 2, TEFRA D; no sales into the US as set out more fully in the Base Listing Particulars. Canada: Offers/sales into Ontario/Alberta/British Columbia only, subject to compliance with applicable law
• UoP: The net proceeds will be used to finance and/or refinance a portfolio of eligible projects that meet the eligibility criteria set forth in the Green Finance Framework dated October 2024
• Marketing: URL: https://dealroadshow.finsight.com / Entry Code: KINGSPAN2026 / Direct Link: https://dealroadshow.finsight.com/e/KINGSPAN2026
• Target Market: Manufacturer target market (MiFID II and MiFIR product governance) is MiFID II/ MiFIR Professionals & Eligible Counterparties only (all distribution channels). No EEA PRIIPs key information document ("KID") or UK PRIIPs KID/ CCI product summary has been prepared as the Notes are not available to retail in the EEA or the United Kingdom
• Advertisement: This communication is an advertisement. The Base Listing Particulars dated 6-Mar-26 and the supplements dated 7-Aug-26 and 28-Aug-26 are available, and the pricing supplement, when published, will be available, at: www.euronext.com/en/markets/dublin. The Green Finance Framework and Second Party Opinion are available on the Issuer's website: https://www.kingspangroup.com/en/investors/debt-investors/
• Timing: Books open, today's business
• Settle: 9-Sep-26 (T+5)