Commentary & Deal Flow

Bertelsmann SE & Co. KGaA, (ticker: "BERTEL", country: DE) rated Baa2/BBB by Moody's/S&P, has mandated BNP Paribas and Goldman Sachs Bank Europe SE as Global Coordinators and BNP Paribas, Commerzbank, Goldman Sachs Bank Europe SE, HSBC and Landesbank Baden-Wuerttemberg as Active Bookrunners to arrange a series of fixed income investor calls to be scheduled on 28-Sep-26. A NetRoadshow presentation has been made available. BNP Paribas will be coordinating logistics.

An expected benchmark, Reg S, bearer, senior unsecured 5-year and 9-year € offering will follow, subject to market conditions.

• Programme: Debt issuance programme dated 7-May-26, and supplemented 24-Sep-26
• Listing: Regulated Market of the Luxembourg Stock Exchange
• Use of Proceeds: Financing of acquisitions and general corporate purposes
• Target Market: Manufacturer target market (MiFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EU PRIIPs key information document (KID) and no UK disclosure document required by the FCA Product Disclosure Sourcebook (DISC) has been prepared as the notes are not available to retail in EEA or UK.
• Advertisement: This communication is an advertisement for the purposes of Regulation (EU) 2017/1129 and underlying legislation. It is not a prospectus. The Base Prospectus is, and the Final Terms, when published, will be, available on the website of the Luxembourg Stock Exchange (https://www.luxse.com)