Commentary & Deal Flow

Reoffer: Long 8yr: MS+105bp / 99.392 / 4.467%
Benchmark: Long 8yr: DBR 2.5 15-Feb-35 @ 94.40 / B+118.6bp / HR 98%

Long 8yr: Final books > €1.95bn. Peak book north of €2bn

Launched: Long 8yr: €750m @ MS+105bp - Books north of €2bn
IPTs: Long 8yr: MS+130/135bp

• Issuer: Schlumberger Finance B.V.
• Ticker: SLB
• Country: NL
• Issuer LEI: 5299003L3TGTOIYBX911
• Guarantor: SLB N.V. (SLB Limited)
• Guarantor LEI: 213800ZUA17OK3QLGM62
• Guarantor Ratings: A1 stable (Moody's) / A+ stable (S&P)
• Exp Issue Ratings: A1 (Moody's) / A+ (S&P)
• Status / Form of the Notes: Senior Unsecured, Reg S Category 2 (TEFRA D) / Bearer / NGN
• Pricing Date: 27-Oct-26
• Settlement Date: 3-Nov-26 (T+5)
• Issue Type: Long 8-Year FXD (8.3y)
• Maturity Date: 3-Mar-35
• Issue Size: €750m
• Re-offer: MS+105bps / 99.392 / 4.467%
• Benchmark: 118.6bps vs DBR 2.5 15-Feb-35 @ 94.40 / 3.281% (HR 98%)
• Coupon: 4.375%, Fixed, Annual, ACT/ACT (ICMA), Short First
• ISIN: XS3553916126
• Use of Proceeds: The net proceeds of the notes will be used for general corporate purposes including repayment of debt and/or partial consideration in connection with the Kelvion acquisition.
• Documentation: EMTN Programme dated 10-Jun-26 (as supplemented on 23-Oct-26) / Luxembourg Stock Exchanges regulated market / English Law / Clean-Up call @80% / MWC (B+20bps) / 3-month Par Call
• Denomination: EUR 100,000 and integral multiples of EUR1,000 in excess thereof up to and including EUR199,000.
• Clearing Systems: Euroclear / Clearstream, Luxembourg
• Selling restrictions: As per Base Prospectus
• Global Coordinators: BNP Paribas (B&D) and MUFG
• Active Bookrunners: BofA Securities, HSBC, Standard Chartered Bank, UniCredit
• Target Market: The manufacturer target market (MiFID II and UK MiFIR product governance as applicable) is eligible counterparties and professional investors only (all distribution channels). No EU PRIIPs key information document (KID) or disclosure document required by the FCA Product Disclosure Sourcebook has been prepared as the Notes are not available to retail in the EEA or the United Kingdom
• Timing: TOE: 15:15 UKT | FTT: 15:35 UKT