European Stability Mechanism (ESM) via Deutsche Bundesbank launches 3-months Bills by auction in Frankfurt am Main; up to EUR 1.6 billion issue volume

Press release: Announcement of auction 3-months Bills of the European Stability Mechanism (ESM)

Deutsche Bundesbank, Communications Department Wilhelm-Epstein-Strasse 14, 60431 Frankfurt am Main, Germany presse@bundesbank.de, www.bundesbank.de Reproduction permitted only if source is stated. Press release

Frankfurt am Main 30 April 2026 Page 1 of 2

Announcement of auction 3-months Bills of the European Stability Mechanism (ESM)

The European Stability Mechanism (ESM) will launch 3-months Bills of the European Stability Mechanism (ESM) by auction. An issue volume up to EUR 1.6 billion is envisaged.

Members of the “ESM Market Group” are entitled to bid. Bids are to be transmitted electronically through the Deutsche Bundesbank’s ESM Bidding System (EBS). The Deutsche Bundesbank acts in the name and for the account of the ESM, which is the seller of the Bills. Bids must be for a par value of not less than EUR 1 million or an integral multiple thereof. The yield bids must be expressed as full 0.001 percentage points. It is possible to make non-competitive bids and to submit several bids at different yields. No price bids will be considered. The bids accepted by the issuer will be allotted at the yield specified in the bid. Non-competitive bids are filled at the weighted average yield of the competitive bids accepted. The right to scale down bids is reserved.

Time schedule of the auction procedure:

Date of invitation to bid: Monday, 4 May 2026 Bidding period: Tuesday, 5 May 2026,

from 8:00 a.m. until 12:30 p.m. Frankfurt time

Value date: Thursday, 7 May 2026 Settlement: Delivery versus payment-settlement in the night-time processing of Clearstream Europe AG, beginning on the eve of the value date.

Frankfurt am Main 30 April 2026 Page 2 of 2

Maturity:

6 August 2026 (91 interest days) ISIN:

EU000A4DMLV6 Common Code:

336478138 Denomination:

0.01 Euro Envisaged issue volume: Up to EUR 1.6 billion

In addition, the Auction rules for the issue of Bonds and Bills of the European Stability Mechanism (ESM) and the Special terms and conditions of the Deutsche Bundesbank for auctions of Bonds and Bills of the European Stability Mechanism (ESM) using the ESM Bidding System (EBS) shall apply. The Bills are issued under the ESM Debt Issuance Programme and under Luxembourg law.

The ESM is exempt from Directive 2014/65/EU on markets in financial instruments (MiFID II) and does not constitute a manufacturer under the product governance rules set out in EU Delegated Directive 2017/593. The ESM is therefore not subject to the responsibilities conferred on manufacturers therein.