FRN Variable Rate Fix

As Agent Bank, please be advised of the following rate determined on: 10/24/2025
Issue	¦ QNB Finance Ltd - Series 450 USD 20,000,000 FRN due January 2028
ISIN Number	¦ XS2580670375
ISIN Reference	¦ 258067037
Issue Nomin USD	¦ 20000000
Period	¦ 7/31/2025 to 10/31/2025						Payment Date 10/31/2025
Number of Days	¦ 92
Rate	¦ 5.69331
Denomination USD	¦ 200000			¦ 20000000					¦
Amount Payable per Denomination	¦ 2909.91			¦ 290991.4					¦
Bank of New York
Rate Fix Desk	Telephone						¦ 44 1202 689580
Corporate Trust Services		Facsimile					¦ 44 1202 689601

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