Commerzbank AG — Capital/Financing Update 2026

May 22, 2026

National Storage Mechanism | Additional information

VW Bank GmbH EUR 3 tranche SNP Green Notes

Post Stabilisation Notice

May 22, 2026

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

Volkswagen Bank Gesellschaft mit beschränkter Haftung

3.625% EUR 1bn Senior Non-Preferred Green Notes due 2028

4.000% EUR 1bn Senior Non-Preferred Green Notes due 2030

4.375% EUR 750mn Senior Non-Preferred Green Notes due 2033

Launched pursuant to the Issuer's Debt Issuance Programme

Commerzbank (contact: Ian Turner; telephone: +44 207 475 1817) hereby gives notice that no stabilisation (within the meaning of Article 3.2 (d) of the Market Abuse Regulation (EU Regulation 596/2014) was undertaken by the Stabilising Managers named below in relation to the offer of the following securities.

Issuer:	Volkswagen Bank GmbH
Guarantor (if any):	None
ISINs:	XS3386702149 XS3386742285 XS3386742798
Aggregate nominal amount:	EUR 1,000,000,000 EUR 1,000,000,000 EUR 750,000,000
Description:	3.625% Green SNP due 26 November 2028 4.000% Green SNP due 26 November 2030 4.375% Green SNP due 26 November 2033
Stabilisaiton Coordinator: Stabilisation Managers:	Commerzbank AG BBVA BNP Paribas SA Citigroup  SMBC Nikko

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

This announcement is not for distribution, directly or indirectly, in or into the United States or any other jurisdiction in which such distribution would be unlawful.

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