OPUS GLOBAL Nyilvánosan Működő Részvénytársaság

Capital/Financing Update • Dec 29, 2025

MBH Mortgage Bank Co. Plc.' Public Offering of the tap 11 of the MJ28NF02 covered bond series to be issued under the Issuer's 2025-2026 Covered Bond and Senior Unsecured Bond Issuance Programme

Pursuant to the resolution of Board of Directors No. 4/5/2024. (18 December 2024) of the MBH Mortgage Bank Co. Plc's (registration number: 01-10-043638, date of registration: 18 March 1998, head office: 1117 Budapest Magyar Tudósok körútja 9. G. épület, LEI-code: 5299007F4BUUY6S14E44) (hereafter: "Issuer", or "Bank") and after the resolution No. 256/2024. (12.20.) (20.12.2024.) of the Board of Directors of MBH, furthermore 106/2024. (12.20.), (20.12.2024) of the Board of Directors of MBH Investment Bank Plc. and the Approval Announcement on 15 January 2025 of the Integration Organization the Issuer launched the HUF 150 billion 2025-2026 Issue Program, under the validity of which, the Issuer will issue, through public offering, different registered type covered mortgage bond and senior unsecured bond series and taps, listed or non-listed on the regulated market operated by the Budapest Stock Exchange (BSE). The Issuer publishes its Base Prospectus on the website of its own and of the BSE the hard copies are available at the selling places.

The number and date of the license granted by the Magyar Nemzeti Bank (MNB) to the Base Prospectus of the Issue Program: H-KE-III-122/2025, 26 February 2025, while the previous 2025-2026 Covered Bond and Senior Unsecured Bond Issuance Program was terminated on the same day.

Pursuant to the Issue Program referred above, the Issuer publicly offers to issue on 28 January 2026 the eleventh tap of MBH Covered Bond series MJ28NF02. The basis of the issue: the resolution 17/2025(12.23)- MBHJ-EFB of the Assets/Liabilities Committee.

The decision H-KE-III-533/2022 (12 September 2022) of MNB authorized the Issuer to use the "European Premium Covered Bond" Logo for its mortgage bonds to be issued in the future. This means that the issuer fully complies with the requirements of the European covered bond regulation i.e. the Directive (EU) 2019/2162 of the European Parliament and of the Council and the procedures and practices it uses also ensure that the mortgage bonds it issues meet the enhanced requirements that determine the prudential requirements of European credit institutions. As a result, the issuance of the present covered bond series will also be placed in the premium category.

This document is the Final Terms of the covered mortgage bond series detailed below. Terms used herein shall be deemed to be defined as such for the purposes of the Terms and Conditions of the covered mortgage bonds set forth in the Base Prospectus dated 26 February 2025 (Base Prospectus). This document had been prepared in line with the application of the Regulation (EU) 2017/1129 of the European Parliament and the Council (Prospectus Directive) on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing the Directive 2003/71/EC and in order to get all the relevant information it must be interpreted in conjunction with the Base Prospectus and its Supplements. This Final Terms must be read together with the Base Prospectus. Pursuant to the Article 21 of the Prospectus Directive the Base Prospectus and its Supplements are available on the websites of the Issuer (https://www.mbhmortgagebank.hu/ ) of the Budapest Stock Exchange (http://www.bet.hu), and the MNB (http://kozzetetelek.mnb.hu/ ).

1. Issuer: MBH Mortgage Bank Co. Plc.

(MBH Jelzálogbank Nyilvánosan Működő

Részvénytársaság) 1117 Budapest Magyar Tudósok

körútja 9. G. épület

(ii) Series Number: 3 (Under Issue Program 2024-2025)

1. Offered volume: Not Applicable. The Issuer reserves the right to declare the subscription to be unsuccessful depending on the bids received. In case of an unsuccessful subscription, the total amount of bids will be refused.

2. (i) Type of the security Covered bond (Non-green)

(iii) Tranche Number: 11

1. Aggregate Nominal Amount:

(a) Series: HUF 11,844,700,000

(b) Tranche: maximum HUF 10,000,000,000

1. Specified Currency or Currencies: HUF

2. Issue Price (per Covered Bond): 100% per Specified denomination

3. Specified Denominations: HUF 10,000

4. Number of pieces

(a) Series: 1,184,470 pcs

(b) Tranche: maximum 1,000,000 pcs

1. (a) Issue Date: 28.01.2026 (b) Interest Commencement Date: 13.02.2025 10. Date of Settlement 30.01.2026 11. Value Date: 30.01.2026 12. Maturity Date: 25.04.2028

13.Tenor: 13.02.2025 - 25.04.2028 14. Interest Basis: Fixed interest rate

15 Redemption/Payment Basis: Redemption at the Specified Denomination

16 Change of Interest Basis or Redemption/ Not Applicable

Payment Basis:

17.Put/Call Options: Not Applicable

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

1. Fixed Rate Senior Unsecured Bond Provisions Applicable

(i) Rate(s) of Interest: 7.00 per cent. per annum payable annually in arrear (ii) Interest Payment Date(s): 25 April in each year up to and including the Maturity

Date. In the first interest period (13.02.2025-25.04.2026) (long first coupon) is HUF 836 per Specified

Denomination.

(iii) Fixed Coupon Amount per Mortgage Bond HUF 700 per Specified Denomination

(iv) Broken Amount(s): Not Applicable (v) Day Count Fraction: Actual/Actual (ICMA)

(vi) Business Day Convention: Following Business Day Convention (vii) Determination Date(s): 25 April in each year thereafter

(viiii) Party responsible for calculating amounts Paying Agent MBH Bank Nyrt. 1056 Budapest, Váci utca

payable: 38.,

(ix) Compound interest: 6.7315 per cent on 30.01.2026

(x) Other terms relating to the method of None

calculating interest for Fixed Rate

Mortgage Bonds:

(xi) Gross yield 6.97 %

19 Floating Rate Senior Unsecured Bond Not Applicable

Provisions

1. Zero Coupon Senior Unsecured Bond Not Applicable

Provisions

PROVISIONS RELATING TO REDEMPTION

1. Issuer Call: Not Applicable 22. Investor Put: Not Applicable

2. Final Redemption Amount: HUF 10,000 per Specified Denomination

3. Early Redemption Amount payable on redemption for taxation reasons or on event of default and/or the method of calculating the same (if required or if different from that set out in Condition IV.4.1.5(d)):

Base Prospectus of the Issue Program 2025-2026 Condition IV.4.1.5(d) is applicable

GENERAL PROVISIONS APPLICABLE TO THE SENIOR UNSECURED BONDS

1. Representation of the Mortgage Senior

Unsecured Bonds Holders: Not Applicable

Not Applicable

1. Additional Financial Centre(s) or other special

provisions relating to Payment Dates:

Not Applicable

1. Details relating to Partly Paid Senior Unsecured Bonds: amount of each payment comprising the Issue Price and date on which each payment is to be made and consequences of failure to pay, including any right of the Issuer to forfeit the Senior Unsecured Bonds and

interest due on late payment:

1. Change of denomination Not Applicable

2. Other final terms: Not Applicable

DISTRIBUTION

1. If syndicated, names of Managers: MBH Bank Nyrt. 1056 Budapest, Váci utca 38.,

MBH Investment Bank 1117 Budapest Magyar Tudósok

körútja 9. G. épület.

1. Stabilising Manager (if any): Not Applicable

2. Market Makers (best effort/binding) MBH Bank Nyrt. 1056 Budapest, Váci utca 38 (binding) MBH Investment Bank 1117 Budapest Magyar Tudósok

körútja 9. G. épület. (best effort)

1. Methods of public issuance: Subscription

(i) Date of Subscription: 05.01.2026 08:00 – 28.01.2026. 12:00 CET The subscription can be closed before the end of hte set

period based on the Issuer's decision in compliance

with the capital market act (Tpt.)

(ii) Type of auction Not Applicable

(iii) Place of Subscription: Branches of the managers (see Appendix 2.) (iv) Lead Manager: MBH Bank Nyrt.1056 Budapest, Váci utca 38.,

(v) Upper limit: Not Applicable

(vi) Lower limit: If the Issuer does not accept the subscription offers due to the unfavorable market price, then this Offering

will not take place. The mode of refunding will be discussed under the IV.5.1.1. heading 'Refunding' of

the rules of Subscription of Base Prospectus of the

Issue Program 2025-2026. (vii) Subscription price: 100% per Special denomination

(viii) Subscription lower and/or upper limit: minimum HUF 10,000 per bid

(ix) Method and date of allocation: Pursuant to the point (Allocation) of section IV.5.1 (Rules of the Subscriptions) Allocation sub-point of the Base Prospectus of the Issue Program 2025-2026. In the case of oversubscription, the Issuer has the right to accept fully or partially the subscribed volume. In case of partial acceptance all subscribers have the right to obtain the volume of maximum their bids placed for the covered bond. In the case of oversubscription, the allocation is based on the card distribution method. Each subscriber receives one piece of covered bond. In that round, where there are no available pieces of covered bond for all investors, the remaining pieces of covered bonds are allocated between investors by a random function by computer. Allocation date is 28.01.2026.

(x) The ratio of the non-competitive bids and total bids

Not applicable

(xi) The ratio of the non-competitive bids and the competitive bids by members of BSE sections:

Not applicable

(xii) The maximum volume of the non-competitive bids by members of BSE section: Not applicable

(xiii) Date and place of the allocation: 28.01.2026 13:30 CET at the websites indicated in the point Notes (47.)

(xiv) The ticker and ISIN code of the mortgage bond serving as compensation: Not applicable

(xv) The exchange rate of the mortgage bond serving as consideration, Not applicable

(a) in the case of mortgage bonds with variable interest rates, gross exchange rate (net exchange rate, accrued interest on value date)

Not applicable

(b) in the case of a mortgage bond with a fixed interest rate, net exchange rate, the corresponding yield, accumulated interest on the value date.

Not applicable

1. Potential investors: Resident and non-resident natural persons and institutional investors, limited partnerships holding a securities account with any Manager

2. Additional selling restrictions: Not Applicable

PROCEDURE

1. Any clearing system(s) other than KELER and the relevant identification number(s): Not Applicable

2. Delivery: DVP

3. Effectuation: Hungary

4. Other paying Agent(s): Not Applicable

5. Isolated deposit accounts and fax numbers, and e-mail address of the Managers:

MBH Bank Nyrt. 10300002-20191196-70383285, e-

mail: treasurytrading@mbhbank.hu

MBH Investment Bank Plc. 11500016-00000220 e-

mail: konya.peter@mbhbank.hu

MBH Mortgage Bank: 16801680-09014701

1. Disbursements, place of payments: Pursuant to the point 4. (Disbursements) of the

section IV.4.1.4 (Terms and conditions of the covered bonds and senior unsecured bonds) of the Base Prospectus of the Issue Program 2025-2026.

1. ISIN code: HU0000653829

2. Ticker code: MJ28NF02

GENERAL INFORMATION

1. Use of Proceeds: The Bank uses the proceeds to meet funding needs for

its mortgage refinancing business.

1. Market making: Not applicable

2. Notices, place of disclosure of information The Public Offering, the Final Terms, the Base

Prospectus, an all ordinary and extraordinary notices to Investors with respect to the Notes issued through a public issue shall be published on the website of the Issuer (https://www.mbhmortgagebank.hu/ ), of the NBH (www.kozzetetelek.mnb.hu) and of the BSE (www.bse.hu). Pursuant to the Decree of Ministry of Finance No. 24/2008 (VIII. 15) the Issuer publishes the regulated information at homepages of the media called Portfolio. The hard copies of the Base

Prospectus are available at the selling points.

1. Notes: The Public Offering, the Final Terms, the Base

Prospectus, an all ordinary and extraordinary notices to Investors with respect to the Notes issued through a public issue shall be published on the website of the Issuer (https://www.mbhmortgagebank.hu/), of the NBH (www.kozzetetelek.mnb.hu) and of the BSE (www.bse.hu). Pursuant to the Decree of Ministry of Finance No. 24/2008 (VIII. 15) the Issuer publishes the regulated information at homepages of the media

called Portfolio.

1. Governing law: Hungarian law

OTHER CONDITIONS

1. Listing and admission to trading application:

(a) Listing: The Issuer will initiate the listing of the series on the

BSE

(b) Listing Agent: Not applicable

(c) Decision on listing: Resolutions 17/2025(12.23)-MBHJ-EFB of the Issuer's

Asset/Liability Committee (EFB)

1. Rating: Moody's rating: The rating agency assigned a Ba3 long- and short-term issuer rating and a long-term A1 rating to the mortgage bonds issued by MBH MB.

On the credit rating scale used by Moody's, the "Ba3" long- and short-term issuer rating is three categories

higher than the lowest "Baa3" long- and short-term counterparty risk rating, which is still recommended for investment. The long-term "A1" rating for the Issuer's mortgage bonds represents the upper-middle level within the category recommended for investment, which indicates a low credit risk based on Moody's definition, five categories higher than the lowest "Baa3" rating of the rating band recommended for investment.

1. Licence: The number and date of the license granted by the National Bank of Hungary (NBH) to publish the Base Prospectus of the Issue Program and the disclosure of the public issue: H-KE-III-122/2025 (26 February 2025.), while the previous 2025-2026 Covered Bond and Senior Unsecured Bond Issuance Program was terminated on the same day.

No. 4/5/2024. (18 December 2024) of Board of Directors of the Issuer, No. 256/2024. (12.20) (20.12.2024) resolution of the Board of Directors of MBH Bank Plc., furthermore No. 106/2024. (12.20) (20.12.2024.) of the Board of Directors of MBH Investment Bank Ltd., and the Approval Announcement on 15 January 2025 of the Integration Organization.

The base of the issue of the second tap series MJ28NF02: the resolution 17/2025(12.23)-MBHJ-EFB of the Assets/Liabilities Committee.

1. Interest of the legal and natural persons taking part in the issue

Apart from the fees to be paid to the Managers, to the best knowledge of the Issuer, no person has a material interest in the issue

1. Cost of the issuance, and the cost bearer Less, than 1 per cent. of the total volume to be issued. The costs are borne by the MBH Mortgage Bank

2. Fees and Costs charged by the Issuer and the Lead Manager / managers and borne by the investors:

Not Applicable

1. Estimated net proceeds from the issue Depending on the net exchange rate of the issue

2. Other condition relating to the issuer's contribution under the second subparagraph of Article 5 (1) of the Prospectus Directive and Article 23 (a) of the Implementing Regulation of the Prospectus Directive:

Not applicable

These Final Terms comprise the final terms required to list and have admitted to trading the issue of Senior Unsecured Bonds described herein pursuant to the HUF 150,000,000,000 Mortgage Bond and Note Program (2025-2026) of MBH Mortgage Bank Co. Plc. (MBH Jelzálogbank Nyilvánosan Működő Részvénytársaság).

The date of the Statement of the Property Supervisor: 22.12.2025.

Annex 1. the Summary of the given Issue Annex 2. The list of branches (available only in the Hungarian version of the Final Terms)

Budapest, 29 December, 2025.

MBH Mortgage Bank Co. Plc. Issuer