Announcement of Private Placement

ANNOUNCEMENT

For immediate release

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THE REPUBLIC OF KENYA

(the "Republic")

Date: 25 April 2025

Pricing of U.S.$500,000,000 8.25% Amortising Notes due 2032

The Republic announces that it has successfully priced, in a private placement, U.S.$500,000,000 8.25% Amortising Notes due 2032 (the "Notes"). The net proceeds of the issue of the Notes are intended to be utilised for general budgetary support and liability management operations.

The issue price of the Notes is 100%.

The settlement has been scheduled for 30 April 2025.

Disclaimer

This announcement does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other security and shall not constitute an offer, solicitation or sale in the United States or in any jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful.

The Notes will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or the securities laws of any state or other jurisdiction of the United States, 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 applicable state or local securities laws.

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014 (INCLUDING AS IT FORMS PART OF UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, "MAR").

FOR THE PURPOSES OF MAR AND ARTICLE 2 OF COMMISSION IMPLEMENTING REGULATION (EU) 2016/1055, THIS ANNOUNCEMENT IS MADE BY THE REPUBLIC OF KENYA, ACTING THROUGH THE NATIONAL TREASURY AND ECONOMIC PLANNING.