Tender Offer Results Announcement

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN ANY JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL

THE REPUBLIC OF ANGOLA ANNOUNCES THE RESULTS OF THE TENDER OFFERS FOR ITS EXISTING NOTES LISTED BELOW

28 May 2026 - The Republic of Angola (the "Republic" or "Angola") today announces the results of its invitations to eligible holders of its outstanding U.S.$1,750,000,000 8.25 per cent. Notes due 2028 (Reg. S ISIN: XS1819680288; Reg. S Common Code: 181968028; Rule 144A ISIN: US035198AB62; Rule 144A CUSIP number: 035198AB6; Rule 144A Common Code: 181968087) (the "2028 Notes") and U.S.$1,750,000,000 8.00 per cent. Notes due 2029 (Reg. S ISIN: XS2083302419; Reg. S Common Code: 208330241; Rule 144A ISIN: US035198AD29; Rule 144A CUSIP number: 035198AD2; Rule 144A Common Code: 208389815) (the "2029 Notes", together with the 2028 Notes, the "Existing Notes") to tender such Existing Notes for purchase by the Republic for cash (the "Offers"). The Offers were announced on 20 May 2026 and were made on the terms and subject to the conditions set out in the tender offer memorandum dated 20 May 2026 (the "Tender Offer Memorandum") prepared by the Republic. Capitalised terms used but not otherwise defined in this announcement shall have the meanings given to them in the Tender Offer Memorandum.

The Expiration Deadline for the Offers was 5.00 p.m. (New York City time) on 27 May 2026.

As at the Expiration Deadline, the Republic had received valid tenders of U.S.$446,634,000 in aggregate principal amount of 2028 Notes and U.S.$578,583,000 in aggregate principal amount of 2029 Notes for purchase pursuant to the Offers.

On 28 May 2026, the Republic successfully completed the issuance of (i) U.S.$600,000,000 9.244 per cent. Notes due 2031 (to be consolidated and form a single series with the U.S.$1,000,000,000 9.244 per cent. Notes due 2031 issued by the Republic on 15 October 2025); and (ii) and U.S.$900,000,000 9.875 per cent. Notes due 2037 (to be consolidated and form a single series with the U.S.$1,000,000,000 9.875 per cent. Notes due 2037 issued by the Republic on 31 March 2026), meaning that the New Financing Condition has been satisfied. Accordingly, as the Maximum Aggregate Purchase Price has been reached, the amount of a series of Existing Notes that are purchased on the Settlement Date will be based on the numerical order of priority for such series as set forth in the Tender Offer Memorandum. The 2028 Notes are designated as the first, or highest, Acceptance Priority Level, and the 2029 Notes as the second, or lowest, Acceptance Priority Level.

The Republic will accept for purchase all U.S.$446,634,000 in aggregate principal amount of the 2028 Notes tendered pursuant to the Offer for the 2028 Notes without proration and will accept for purchase U.S.$287,906,000 in aggregate principal amount of the 2029 Notes tendered pursuant to the Offer for the 2029 Notes with a proration factor of 48.3676%. If the original principal amount of validly tendered 2029 Notes that are not accepted and returned to a Noteholder as a result of proration would result in less than the Minimum Denomination being returned to such Noteholder, the Republic has accepted all of such Noteholder's validly tendered 2029 Notes.

The aggregate Purchase Price for all Existing Notes accepted for purchase will be U.S.$749,999,533.

The Tender Consideration is (i) in respect of the 2028 Notes, U.S.$1,025.75 per U.S.$1,000 in principal amount of the 2028 Notes plus the Accrued Interest on the 2028 Notes, and (ii) in respect of the 2029 Notes, U.S.$1,013.75 per U.S.$1,000 in principal amount of the 2029 Notes plus the Accrued Interest on the 2029 Notes. The Settlement Date in respect of the Existing Notes accepted for purchase will be 29 May 2026. All Existing Notes accepted for purchase will be cancelled and will not be reissued or resold. Any Existing Notes that were not tendered or are not accepted for purchase pursuant to the Offers will remain outstanding. 

Further information

Deutsche Bank AG, London Branch and J.P. Morgan Securities plc (together, the "Dealer Managers") have been appointed by the Republic to serve as dealer managers for the Offers. Sodali & Co Limited (the "Information and Tender Agent") has been appointed by the Republic to act as the information and tender agent in connection with the Offers. 

For additional information regarding the terms of the Offers, please contact Deutsche Bank AG, London Branch by telephone at +44 20 7545 8011 and J.P. Morgan Securities plc by email at [email protected] or by telephone at +44 20 7134 2468. Requests for documents and questions regarding the tender of Existing Notes may be directed to the Information and Tender Agent via email: [email protected] or telephone: London +44 20 4513 6933.