The transaction priced at 17:39 CET. The new EUR 1.25bn 4-year benchmark priced with a coupon of 0.000% and a reoffer spread of MS-21bps, offering a -0.241% reoffer yield, equivalent to a spread of +24.3bps over the DBR 0.5% 02/26. This 4-year transaction represents the tightest spread to swaps, spread to Germany and lowest reoffer yield for Slovenia to date. The 2026 maturity was selected as it aptly fit Slovenia’s redemption profile. The EUR 500mn 40-year benchmark priced with a reoffer spread of MS+75bps, offering a reoffer yield of 1.183%, equivalent to a +92.8bps spread to the DBR 0% 08/52. This maturity was strategically selected having debt maturity profile in mind while locking in attractive borrowing costs with rates continuing to be low in a historical context.

On the back of supportive market conditions, on Tuesday 4^th January at 14:42 CET, Slovenia announced the mandate for a EUR dual-tranche transaction comprised of new 4-year and 40-year benchmark lines. After gathering supportive investor feedback overnight, books were opened the following morning with initial guidance set at m/s-15bps area for the 4-year and m/s+80bps area for the 40-year benchmark. Guidance were revised down to MS-20bps area (+/-2bps WPIR) and MS+77bps area two hours later as demand stood in excess of EUR 4.6bn (excl. JLM interest) at 4-year and EUR 1.5bn (excl. JLM interest) for the 40-year. Momentum continued, with books reported over EUR 5.4bn (excl. JLM interest) at 4-year and over EUR 1.6bn (excl. JLM interest) for the 40-year at 13:36 CET, allowing the final spreads to be set at MS-21bps for the new 4-year benchmark and MS+75bps for the 40-year benchmark. The transaction was launched at 14:38 CET with the tranche sizes set at EUR 1.25bn and EUR 500m for the new 4-year and the 40-year lines, respectively.

Books closed in excess of EUR 5.0bn (excl. JLM interest) and EUR 1.6bn (excl. JLM interest) for the new 4-year and the 40-year tranches, respectively.

Barclays, BNP Paribas, Commerzbank, Deutsche Bank, Goldman Sachs Bank Europe SE and J.P. Morgan jointly led the bond offering.

The geographical and institutional investor distributions were as follows:

New Feb-26 Statistics

Allocation by Investor Region:

UK / Ireland                                             26.3%

France / Benelux                                   26.0%

Germany / Austria / Switzerland            15.7%

Slovenia                                                 10.4%

Nordics                                                  10.3%

Other Europe                                         6.8%

Italy                                                         2.9%

Other World                                           1.6%

Allocation by Investor Type:

AM / Insurance / Pension Fund              57.8%

Bank / Private Bank                                23.5%

Hedge Fund                                          9.5%

Central Bank / Official Institution           8.0%

Other                                                       1.2%

New Feb-62 Statistics

Allocation by Investor Region:

Germany / Austria / Switzerland            42.0%

UK / Ireland                                           30.9%

France / Benelux                                   13.1%

Nordics                                                  5.8%

Other Europe                                         4.0%

Other World                                           2.5%

Slovenia                                                 1.6%

Italy                                                        0.1%

Allocation by Investor Type:

AM / Insurance / Pension Fund             81.5%

Hedge Fund                                          9.7%

Bank / Private Bank                                6.7%

Central Bank / Official Institution            2.0%

Other                                                       0.1%

Neither this announcement nor any copy of it, in whole or part, may be taken or transmitted, directly or indirectly, into the United States, Australia, Canada or Japan or any other jurisdiction where to do so would be unlawful. This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase or subscribe, any securities to any person in any jurisdiction, nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefore. The offer and the distribution of this announcement and other information in connection with the offer in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.  This announcement is not an offer for sale of, or a solicitation to purchase or subscribe for, any securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act of 1933. The Issuer has not registered and does not intend to register any portion of any offering in the United States or to conduct a public offering of any securities in the United States and would only do so by means of a prospectus that may be obtained from the Issuer that would contain detailed information about the Republic of Slovenia.