Clarification of Recent Rating Action by S&P

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

24 November 2025

EBN FINANCE COMPANY B.V. AND ECOBANK NIGERIA LIMITED - CLARIFICATION OF THE RECENT RATING ACTION BY S&P'S GLOBAL AND COMMITMENT TO BOND REPAYMENT

Ecobank Nigeria Limited (the "Bank"), a wholly owned subsidiary of Ecobank Transnational Incorporated (ETI), acknowledges the recent rating action and commentary issued by S&P Global Ratings regarding the Bank.

In July 2025, the Bank successfully completed a tender offer for 50% of its then-outstanding US$300 million Eurobond, funded entirely from its on-balance-sheet liquidity. As communicated to investors at the time, the Bank's intention remained-and continues to remain-to fully meet all its obligations, including those related to its outstanding senior unsecured notes.

Since the completion of the tender exercise, Ecobank Nigeria's liquidity position has further strengthened, supported by improved operating performance, increased loan repayments and conversions, and a more favourable macroeconomic environment.

Accordingly, and consistent with prior communications to investors, the Bank affirms that it currently has, and expects to continue to have, the resources required to repay in full the outstanding principal and interest on its remaining US$150 million senior unsecured notes maturing on 16 February 2026.

This announcement is made by:

ECOBANK NIGERIA LIMITED Plot 21

Ahmadu Bello Way

Victoria Island

Nigeria

EBN FINANCE COMPANY B.V.

Bavincklaan 71183 AT, AmstelveenThe Netherlands

This announcement relates to the disclosure of information that qualifies as inside information within the meaning of Article 7(1) of the Market Abuse Regulation (EU) 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018.