FRN Variable Rate Fix

As Agent Bank, please be advised of the following rate determined on: 5/11/2026
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	¦ 2/18/2026 to 5/18/2026						Payment Date 5/18/2026
Number of Days	¦ 89
Rate	¦ 4.61333
Denomination USD	¦ 200000			¦ 33000000					¦
Amount Payable per Denomination	¦ 2281.04			¦ 376371.6					¦
Bank of New York
Rate Fix Desk	Telephone						¦ 44 1202 689580
Corporate Trust Services		Facsimile					¦ 44 1202 689601

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