Commentary & Deal Flow

Reoffer: 8yr: MS+93bp / 99.363 / 4.346%
Benchmark: 8yr: DBR 2.6 15-Aug-34 @ 95.47 / B+107.9bp

Tranche 1 (8yr): Final books at reoffer > €3.1bn

Launched: 8yr: €500m @ MS+93bp - Books in excess of €2.6bn
IPTs: 8yr: MS+125a

• Issuer: Enexis Holding N.V. (Ticker ENEXIS, Country: NL)
• Issuer LEI: 7245009Q5867Q0YC9Q13
• Issuer Ratings: A1 (stable) / AA- (stable) (Moody's / Fitch)
• Exp. Issue Rating: AA by Fitch
• Format: Reg S Bearer, Category 2, TEFRA D, Fixed Rate, Green, Senior, Unsecured, NGN form
• Pricing Date: 27-Oct-26
• Settlement: 05-Nov-26 (T+7)
• Tenor: 8-year
• Issue Size: €500m
• Maturity Date: 05-Nov-34
• Reoffer: 99.363 / MS+93bps / 4.346%
• Reference: DBR 2.6 15-Aug-34 @ 95.47 / +107.9bp / 3.267% / HR 100%
• Coupon: 4.25% Fixed, Annual, Actual/Actual
• Call features: MWC B+20bps, 3m Par Call, Clean-Up (75%)
• ISIN: XS3552905658
• Use of Proceeds: Eligible Green Assets as per Enexis' Green Finance Framework dated April 2023 available at https://www.enexisgroep.com/investor-relations/funding/
• Documentation: EMTN Base Prospectus dated 15-Jul-26
• Denoms: €100k + €1k
• Listing: Euronext Amsterdam, including Euronext ESG Bonds
• Governing Law: Dutch Law
• Selling Restrictions: As set out in the Base Prospectus dated 15-Jul-26
• Green Finance Framework: Issuer's Green Finance Framework and Second Party Opinion dated April 2023 available at https://www.enexisgroep.com/investor-relations/funding/
• 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 and any supplements and the Final Terms, when published, will be available at https://www.enexisgroep.com/investor-relations/funding/
• Active Bookrunners: ABN AMRO, BNP Paribas, ING, NatWest (B&D), Rabobank, SEB
• Target Market: Manufacturer target market (MiFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA 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 in the UK.
• Timing: Priced TOE: 16:18 CET / 15:18 UKT – FTT 16:35 CET / 15:35 UKT