FRN Variable Rate Fix

As Agent Bank, please be advised of the following rate determined on: 7/28/2025
Issue	¦ QNB Finance Ltd - Series 428 USD 30,000,000 FRN due August 2027
ISIN Number	¦ XS2511311552
ISIN Reference	¦ 251131155
Issue Nomin USD	¦ 30000000
Period	¦ 5/2/2025 to 8/4/2025						Payment Date 8/4/2025
Number of Days	¦ 94
Rate	¦ 5.85892
Denomination USD	¦ 10000			¦ 30000000					¦
Amount Payable per Denomination	¦ 152.98			¦ 458948.73					¦
Bank of New York
Rate Fix Desk	Telephone						¦ 44 1202 689580
Corporate Trust Services		Facsimile					¦ 44 1202 689601

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