Bpce: Notice to Noteholders Serieds 2021-13 and 2021-14

BPCE Legal Entity Identifier (LEI): 9695005MSX1OYEMGDF46 Société anonyme à directoire et conseil de surveillance Share capital: €207,603,030Registered office: 7, promenade Germaine Sablon, 75013 Paris, FranceRCS Paris 493 455 042(the “ Issuer ”) NOTICE TO THE NOTEHOLDERS dated 27 November 2025in relation to the BPCE EUR 900,000,000 Contingent Tier 2 Capital Subordinated Fixed Rate Resettable Notes due January 2042 issued as Series no.: 2021-13 (ISIN: FR0014005V34) (the “...

Cedex 13, 27/11/2025 (informazione.news - comunicati stampa - servizi)

Legal Entity Identifier (LEI): 9695005MSX1OYEMGDF46

Share capital: €207,603,030

Registered office: 7, promenade Germaine Sablon, 75013 Paris, France

RCS Paris 493 455 042

(the “ ”)

dated 27 November 2025

in relation to the

(the “ ”)

)

(the “ ” and, together with the 2042 Notes the “ ”)

following the occurrence of a Rating Methodology Event

On 13 October 2021, the Issuer issued the Notes with a prospectus dated 11 October 2021 which received approval no. 21-438 from the (the “ ”), which includes the terms and conditions of the Notes (the “ ”). Capitalized terms not specifically defined in this notice shall have the meaning given to them in the Conditions.

Following a change of interpretation by S&P with regards to its banks’ hybrid methodology and its Credit FAQ published on and dated 21 November 2025, no equity content is assigned to the Notes by S&P anymore, and as a consequence, a Rating Methodology Event occurred in relation to the Notes on such date.

In accordance with Condition 2.1 ( ) of the terms and conditions of the 2042 Notes:

In accordance with Condition 2.1 ( ) of the terms and conditions of the 2046 Notes:

For the avoidance of doubt, in accordance with Condition 2.1 ( ) of the terms and conditions of the Notes, given that a Rating Methodology Event has occurred and has hereby been notified by the Issuer to the Noteholders prior to the First Reset Date, a Trigger Event in relation to the Notes will never occur for the purposes of Condition 6 ( ).

Fiscal Agent, Principal Paying Agent and Calculation Agent:

Les Grands Moulins de Pantin

9, rue du Débarcadère

93500 Pantin

France

By:

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