Commentary & Deal Flow

Reoffer: 4yr: MS+63bp / 99.971 / 3.883% 7yr: MS+95bp / 99.863 / 4.273%
Benchmark: 4yr: DBR 0 15-Aug-30 @ 88.86 / B+84.4bp / HR 107% 7yr: DBR 2.6 15-Aug-33 @ 96.16 / B+104.7bp / HR 99%

Tranche 1 (4yr): Final Books €1.65bn. Peak book above €2.3bn (pre-rec)
Tranche 2 (7yr): Final Books €1.45bn. Peak book above €2.3bn (pre-rec)

Launched:
4yr: €350m @ MS+63bp - Books above €2.05bn (pre-rec)
7yr: €500m @ MS+95bp - Books above €1.7bn (pre-rec)
Spread set at: 4yr: MS+63bp 7yr: MS+95bp
Guidance: 4yr: MS+65bp (+/-2bps WPIR) - Books above €2.3bn (pre-rec) 7yr: MS+95bp (+/-2bps WPIR) - Books above €2.3bn (pre-rec)
IPTs: 4yr: MS+100a 7yr: MS+125a

• Issuer: Kingspan Securities (Ireland) DAC (Ticker: KSPID Country: IE)
• 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: BBB (stable) / BBB (stable) (S&P/Fitch)
• Expected Issue Ratings: BBB/BBB (S&P/Fitch)
• Format: Senior Unsecured, Reg S, Green, Bearer, NGN
• Settlement: 9-Sep-26 (T+5)
• Tenor:
  • 4yr: 4-year
  • 7yr: 7-year
• Size:
  • 4yr: €350m
  • 7yr: €500m
• Maturity:
  • 4yr: 9-Sep-30
  • 7yr: 9-Sep-33
• Reoffer:
  • 4yr: MS+63 / 99.971 / 3.883%
  • 7yr: MS+95 / 99.863 / 4.273%
• Benchmark:
  • 4yr: DBR 0 15-Aug-30 @ 88.86 / B+84.4bp / HR 107%
  • 7yr: DBR 2.6 15-Aug-33 @ 96.16 / B+104.7bp / HR 99%
• Coupon:
  • 4yr: 3.875%, Fixed, Ann, ACT/ACT (ICMA)
  • 7yr: 4.25%, Fixed, Ann, ACT/ACT (ICMA)
• Par Call:
  • 4yr: Yes, 1 month
  • 7yr: Yes, 3 month
• Optional Redemption: Change of Control Put (at Par) / Clean Up Call (75%) / MWC (B+15 on 4yr ; B+20 on 7yr)
• 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
• 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
• Bookrunners: BNP Paribas, BofA Securities Europe SA, ING and UniCredit (B&D)
• Sole ESG Structuring Coordinator: ING
• 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 area available on the Issuer’s website: https://www.kingspangroup.com/en/investors/debt-investors/
• Timing: TOE: 16.01 LDN (4yr) / 16.03 LDN (7yr) / FTT: 16.30 LDN