Issuance of notes

NLB d.d., Ljubljana (hereinafter also: the company) announced on 17 November 2025 that it is planning to issue notes intended to qualify as Additional Tier 1 Instruments (hereinafter: the notes). On the basis of orders received from eligible counterparties and professional clients outside the United States of America the company has decided to issue the notes in the aggregate nominal amount of EUR 300 million.

The notes are expected to be issued on 26 November 2025. To meet the requirements for inclusion in additional Tier 1 capital, the notes have no fixed maturity date. The principal of the notes will be redeemed either when the company voluntarily decides to do so or in the event of its bankruptcy or liquidation. The issuer will have the option to redeem the notes on November 26, 2030, and on each subsequent interest payment date. The principal of the notes will accrue interest at a rate of 6.50% per annum until November 26, 2030, and for each subsequent five-year period, at an interest rate reset before the beginning of each such period. The issuer has the right to cancel interest payments. The issue price equals to 100.00% of their nominal amount. The ISIN code of the notes will be XS3227899989.