MANDATE: MFB Hungarian Development Bank EUR Benchmark 5Y Reg S Bonds

MFB Hungarian Development Bank Private Limited Company (MFB - Ticker: MAGYAR), rated Baa2 (negative) by Moody's and BBB (stable) by Fitch, has mandated BNP Paribas, Erste Group,  ING, J.P.Morgan, Morgan Stanley and Raiffeisen Bank International as Joint Lead Managers in connection with an EUR-denominated senior unsecured benchmark transaction. A Global Investor Call will be held today, 19 May 2025, at 10:30 UKT / 11:30 CET alongside a series of virtual fixed-income investor meetings, also commencing on 19 May 2025.

The EUR-denominated 5-year senior unsecured Regulation S benchmark transaction in Registered format (the Notes) is expected to follow in the near future, subject to market conditions. MFB's obligations under the Notes are guaranteed by a statutory first demand absolute direct suretyship in accordance with Hungarian legislation pursuant to the MFB Act. The Notes are expected to be rated Baa2 by Moody's and BBB by Fitch.

Relevant stabilization regulations including FCA/ICMA apply. Manufacturer target market (MiFID II product governance) is professional investors and ECPs target market (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail investors in EEA or UK.

THIS ANNOUNCEMENT MAY NOT BE DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, THE "SECURITIES ACT") OR INTO ANY OTHER JURISDICTION OR TO ANY OTHER PERSON WHERE OR TO WHOM IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any securities described herein in any jurisdiction where such offer or solicitation would be unlawful. No action has been taken that would permit an offering of securities or possession or distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions.

The Notes have not been and will not be registered under the Securities Act or any securities laws of any state or other jurisdiction of the United States and accordingly may not be offered and sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state or local securities laws.

In member states of the EEA, this announcement is directed only at persons who are "qualified investors" within the meaning of Regulation (EU) 2017/1129. In the UK, this announcement is directed only at persons (a) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (b) falling within Article 49(2) of the Order to whom this announcement may lawfully be distributed (all such persons together being referred to as "relevant persons"). This announcement is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons. This communication is being distributed to, and is directed only at, persons in the United Kingdom in circumstances where section 21(1) of Financial Services Market Act 2000, as amended, does not apply.

A rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time by the assigning rating organisation.