OLB places first RMBS backed by German residential mortgages

Oldenburgische Landesbank AG / DE000A11QJK8

Oldenburgische Landesbank AG / Key word(s): Corporate Action/Issue of Debt


01.10.2026 / 15:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

---

CORPORATE NEWS   Oldenburg, 1 October 2026
EUR 250 million of Senior Notes placed with external investors Further diversification of OLB's funding mix alongside Pfandbriefe and Dutch RMBS transactions   OLB successfully placed a Residential Mortgage-Backed Securities (RMBS)[1] transaction backed by German residential mortgages with external investors on Wednesday, 30 September 2026, through its securitisation platform Weser Funding S.A.. OLB is the first bank in Germany in more than a decade to complete such an RMBS transaction backed by German private residential mortgage loans and placed with external investors.   The RMBS notes issued by Weser Funding S.A. are backed by German residential mortgage loans. In close cooperation with a selected group of investors, EUR 250 million was successfully placed externally.   Transaction Details (Class A1 Notes): Volume: EUR 250 million Spread: 62 basis points over 3-month EURIBOR Weighted Average Life (WAL): 4 years Rating (Moody's and Fitch): AAA Arranger: UniCredit Joint Lead Managers: UniCredit and CIC Transaction Counsel: Jones Day     “We are delighted by the positive feedback from investors and very proud to have reopened a market segment with our German RMBS issuance whose potential had remained largely untapped for many years,” said Michael Fust, Chief Financial Officer of OLB. As an established issuer of German Pfandbriefe and RMBS backed by Dutch residential mortgage loans, OLB has built a strong presence in the capital markets in recent years. This transaction further enhances the efficiency and diversification of the Bank’s funding structure. Following its acquisition by TARGO Deutschland GmbH, part of Crédit Mutuel Alliance Fédérale, OLB is reaffirming the joint commitment to remain a regular issuer in the capital markets while supporting its growth ambitions through innovative funding instruments.   The Bank would like to thank its investors and partners for their support in the successful execution of this transaction.   OLB has previously completed RMBS transactions in the international market. In February 2025 and October 2025, the Bank issued two RMBS transactions of EUR 500 million each through Weser Funding S.A., backed by residential mortgage loans originated through its strategic partnership with Tulp Hypotheken in the Netherlands.   With an outstanding residential mortgage portfolio of approximately EUR 11.6 billion as of 30 June 2026, residential mortgage lending represents a key pillar of OLB’s lending business. Around 83 per cent of the portfolio relates to Germany and approximately 17 per cent to international markets. Since July 2026, OLB’s residential mortgage products have also been distributed through the TARGOBANK sales network.     About OLB OLB is a universal bank with a nationwide presence in Germany and more than 150 years of history in north-west Germany. Under the OLB and Bankhaus Neelmeyer brands, it serves about one million customers in its two strategic business areas, Private & Business Customers and Corporates & Diversified Lending, both in person and via digital channels. The institution has a network of 80 branches nationwide and employs around 1,700 people. With total assets of more than €30 billion, OLB became a significant financial institution at the beginning of 2025 and has since been directly supervised by the European Central Bank. Since January 2026, OLB has been owned by TARGO Deutschland GmbH and is thus part of the cooperative Crédit Mutuel Alliance Fédérale, one of the largest and financially strongest banking groups in Europe. Feel free to visit us at www.olb.de and www.neelmeyer.de as well as on Facebook, Instagram and YouTube.  

Contacts:	our contact persons:
Oldenburgische Landesbank AG Corporate Communications Stau 15/17 26122 Oldenburg / Germany   [e-mail]	Jérôme Cholet Phone: [phone] [e-mail]   Britta Silchmüller Phone [phone] [e-mail]   Timo Cyriacks Phone [phone] [e-mail]

            Disclaimer  This information does not constitute an offer to sell or subscribe for, nor a solicitation of any offer to buy or subscribe for, any securities referred to herein. The opinions expressed in this document reflect our current assessment and are subject to change without notice. The information contained in this communication includes financial and similar information that has neither been audited nor finally reviewed and should therefore be regarded as preliminary and subject to change. This document does not, in whole or in part, constitute a prospectus or any other offering document. Accordingly, the information contained herein is provided for general information purposes only and should not form the basis of any investment decision to buy or sell securities. This document has been prepared and published by Oldenburgische Landesbank AG, Oldenburg. The information contained herein has been compiled with great care and is based on sources that Oldenburgische Landesbank AG considers reliable. However, such information may have become outdated or obsolete by the time this document is received. Furthermore, no representation or warranty, express or implied, is made as to the accuracy, completeness or fairness of the information contained herein. Accordingly, Oldenburgische Landesbank AG accepts no liability whatsoever for the content of this document. This document also contains forward-looking statements and information based on the current views, expectations and assumptions of the management of Oldenburgische Landesbank AG and on information currently available to it. Given the known and unknown risks associated with the business of Oldenburgische Landesbank AG, as well as uncertainties and other factors, actual future results, performance or achievements may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements speak only as of the date of this document. Oldenburgische Landesbank AG expressly disclaims any obligation to update or revise any forward-looking statements to reflect changes in expectations or changes in events, conditions or circumstances on which any such statements are based. Recipients of this document should not place undue reliance on historical information or on forward-looking statements. This document contains certain financial measures that are not defined or specified under International Financial Reporting Standards (IFRS) or German generally accepted accounting principles (HGB). These alternative performance measures are presented because Oldenburgische Landesbank AG believes that they, and similar measures, are widely used in the markets in which it operates to assess operating performance and financial position. They may not be comparable to similarly titled measures reported by other companies and should not be regarded as measures under IFRS, HGB or any other generally accepted accounting framework.     [1] RMBS are securities backed by a portfolio of residential mortgage loans. Under this structure, the interest and principal payments made by individual mortgage borrowers are pooled and transferred to institutional investors via a special purpose vehicle (SPV) issuing the RMBS notes. As a result, the transaction provides the originating bank with an additional source of funding for its mortgage lending activities, while investors gain access to a broadly diversified portfolio of residential mortgage loans. In this case, the underlying assets originate from the highly resilient German residential mortgage market, offering investors exposure to a well-established and historically stable asset class.

---

01.10.2026 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
View original content: EQS News

---

2408996  01.10.2026 CET/CEST