FRN Variable Rate Fix

As Agent Bank, please be advised of the following rate determined on: 11/10/2025
Issue	¦ QNB Finance Ltd- Series 348 USD 33,000,000 FRN Due May 2026
ISIN Number	¦ XS2343511171
ISIN Reference	¦ 234351117
Issue Nomin USD	¦ 33000000
Period	¦ 8/18/2025 to 11/18/2025						Payment Date 11/18/2025
Number of Days	¦ 92
Rate	¦ 5.21815
Denomination USD	¦ 200000			¦ 33000000					¦
Amount Payable per Denomination	¦ 2667.05			¦ 440063.25					¦
Bank of New York
Rate Fix Desk	Telephone						¦ 44 1202 689580
Corporate Trust Services		Facsimile					¦ 44 1202 689601

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