Commentary & Deal Flow

National Gas Transmission plc (ticker: "NGTRAN", country: UK), rated Baa1 (stable) by Moody’s and BBB+ (stable) by Fitch, has mandated BNP Paribas (B&D), HSBC, IMI - Intesa Sanpaolo, and Mizuho as Active Bookrunners to arrange a series of fixed income investor calls commencing today. A Deal Roadshow presentation (with voiceover) will be made available. BNP Paribas is coordinating logistics.

A single-tranche, € benchmark, Reg S bearer, fixed rate, senior, unsecured bond offering with L5-year tenor is expected to follow, subject to market conditions. The notes are expected to be rated Baa1 by Moody’s and A- by Fitch and will be issued under the Issuer’s EMTN Programme Base Prospectus dated 16-Dec-25, as supplemented on 23-Jul-26. The net proceeds of the issue of the Notes will be used to refinance existing debt and general corporate purposes.

Company Representatives:
Nick Hooper – Chief Financial Officer
Anh Duong – Head of Treasury, Pensions and Insurance

Call Schedule:
19-Oct-26 (1x1 / Small Group Calls, 45 mins each)
Slot #1: 11:00 UKT | 12:00 CET
Slot #2: 12:00 UKT | 13:00 CET
Slot #3: 13:15 UKT | 14:15 CET
Slot #4: 14:15 UKT | 15:15 CET
Slot #5: 15:15 UKT | 16:15 CET
Slot #6: 16:15 UKT | 17:15 CET

DealRoadshow Information:
URL: https://dealroadshow.finsight.com
Entry Code: NGT26
Direct Link: https://dealroadshow.finsight.com/e/NGT26