Restricted

EEA MiFID II / UK MiFIR professionals/ECPs-only - Manufacturer target market (MIFID II / UK MIFIR product governance) is eligible counterparties and professional clients only (all distribution channels).

The Issuer has prepared a base prospectus dated 18 July 2024, as supplemented by a supplement dated 1 October 2024 (together, the “Base Prospectus") in respect of the Programme and the Notes to which this Pricing Term Sheet relates. This Pricing Term Sheet is qualified in its entirety by reference to the Base Prospectus. Before you invest in the Notes, you should read the Base Prospectus and the Final Terms relating to the Notes for more information concerning the Issuer and the Notes. The information in this Pricing Term Sheet supplements the Base Prospectus and supersedes the information therein to the extent that there are any inconsistencies. Terms not otherwise defined herein shall have the meanings ascribed to them in the Base Prospectus.

This Pricing Term Sheet does not constitute an offer of the Notes to the public in the United Kingdom. This Pricing Term Sheet is being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order or (iv) persons to whom this Pricing Term Sheet may otherwise be directed without contravention of Section 21 of the Financial Services and Markets Act 2000 (all such persons together being referred to as "Relevant Persons"). Any investment activity to which this Pricing Term Sheet relates will only be available to and will only be engaged with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents.

The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Notes referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. The Issuer has not registered, and does not intend to register, any portion of the Notes in any of these jurisdictions and does not intend to conduct a public offering of Notes in any of these jurisdictions.

In particular, the Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold within the United States, or to or for, the account or benefit of, U.S. persons, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable state securities laws. The offer is being made only to qualified institutional buyers as defined in Rule 144A under the Securities Act and outside the United States. to non-U.S. persons as defined in and in accordance with Regulation S under the Securities Act. Prospective purchasers are hereby notified that the sellers or issuers of the Notes may be relying on the exemption from the registration requirements of the Securities Act provided by Rule 144A of the Securities Act or another available exemption from registration. See "Subscription and Sale" and "Transfer Restrictions" in the Base Prospectus for information about eligible offerees and transfer restrictions.

A rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, reduction or withdrawal at any time by the assigning rating agency. Similar ratings for different types of issuers and on different types of securities do not necessarily mean the same thing. The significance of each rating should be analysed independently from any other rating.

Advertisement. This Pricing Term Sheet is an advertisement and is not a prospectus for the purposes of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the “UK Prospectus Regulation”). The Base Prospectus prepared in accordance with the UK Prospectus Regulation is available at https://www.londonstockexchange.com/exchange/news/market-news/market-news-home.html and the Final Terms, when available, will be published by the Issuer in accordance with the UK Prospectus Regulation and will be made available at

Restricted

https://www.londonstockexchange.com/exchange/news/market-news/market-news-home.html.

Singapore SFA Product Classification: The Issuer has determined, and hereby notifies all relevant persons (as defined in Section 309A(1) of the Securities and Futures Act 2001 of Singapore, as modified or amended from time to time), that the Notes are 'prescribed capital markets products' (as defined in the Securities and Futures (Capital Markets Products) Regulations 2018) and Excluded Investment Products (as defined in MAS Notice SFA 04-N12: Notice on the Sale of Investment Products and MAS Notice FAA-N16: Notice on Recommendations on Investment Products).

Barclays Bank PLC, Citigroup Global Markets Limited, J.P. Morgan Securities plc, Mizuho International plc and MUFG Securities EMEA plc are authorised by the United Kingdom Prudential Regulation Authority ("PRA") and regulated by the United Kingdom Financial Conduct Authority (“FCA”) and the PRA. Bank of China Limited, London Branch is authorised and regulated by the China National Financial Regulatory Administration, is authorised by the PRA and is subject to regulation by the FCA and limited regulation by the PRA. First Abu Dhabi Bank PJSC is authorized and regulated by the Central Bank of the United Arab Emirates and regulated by the Securities and Commodities Authority of the United Arab Emirates. Natixis is subject to the supervision of the European Central Bank, authorised by the Autorité de Contrôle Prudentiel et de Résolution in France as a Bank – Investment Services Provider and subject to its supervision and regulated by the Autorité des Marchés Financiers in respect of its investment services activities. Natixis is regulated by the Dubai Financial Services Authority for the conduct of its business in and from the Dubai International Financial Centre. Bank of China Limited, London Branch is restricted in its U.S. securities dealings under the United States Bank Holding Company Act and may not underwrite, subscribe, agree to purchase or procure purchasers to purchase any Notes that are offered or sold in the United States. Accordingly, Bank of China Limited, London Branch shall not be obligated to, and shall not, underwrite, subscribe, agree to purchase or procure purchasers to purchase any Notes that may be offered or sold by other Joint Bookrunners & Joint Lead Managers in the United States. Bank of China Limited, London Branch shall offer and sell any Notes constituting part of its allotment solely outside the United States.

None of the Joint Bookrunners & Joint Lead Managers (which, for this purpose, includes Citigroup Global Markets Limited, First Abu Dhabi Bank PJSC and MUFG Securities EMEA plc in their capacities as Joint Green Structurers) make any representation as to (i) the suitability of the securities to fulfil environmental / green criteria required by prospective investors, (ii) whether an amount equal to the net proceeds of the issuance of the securities will be used to finance, refinance and/or invest in relevant eligible green projects, including their environmental / green criteria or (iii) the characteristics of relevant eligible green projects, or businesses to whom an amount equal to the net proceeds of the securities are applied or invested, including their environmental / green characteristics. None of the Joint Bookrunners & Joint Lead Managers has undertaken, nor is responsible for, any assessment of the eligibility criteria, any verification of whether the eligible green projects meet the eligibility criteria, or the monitoring of the use of proceeds. Investors should refer to the Issuer's Green Finance Framework (as published from time to time) and second-party opinion for information and should determine for themselves the relevance of the information contained in the Base Prospectus regarding the use of proceeds (or an amount equal to the same) and its investment in the securities should be based upon such investigation as it deems necessary. Any information on, or accessible through, the Issuer's website or any other website mentioned in this communication or any website directly or indirectly linked to these websites, and the information in the Issuer's Green Finance Framework, has not been verified. None of such information, the Issuer's Green Finance Framework or any second-party opinion provided in respect of the Issuer's Green Finance Framework or any of the above reports, verification assessments or the contents of any of the above websites are incorporated in, or form part of, the Base Prospectus or this communication and should not be relied upon in connection with making any investment decision with respect to the

Restricted

securities. In addition, no assurance or representation is given by the Joint Bookrunners & Joint Lead Managers or any other person to investors as to the suitability or reliability for any purpose whatsoever of any opinion, report or certification of any third party in connection with the offering of the securities.