15^th November 2022

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

Hungary

Post-stabilisation Period Announcement

Further to the pre-stabilisation period announcement dated 14^th November 2022, J.P. Morgan SE, (Marc Lewell - contact +44 207 1342468) hereby gives notice that no stabilisation (within the meaning of Article 3.2(d) of the Market Abuse Regulation (EU/596/2014) or the rules of the Financial Conduct Authority) was undertaken by the Stabilisation Manager(s) named below in relation to the offer of the following securities.

Issuer:	Hungary
Guarantor (if any):	N/A
Aggregate nominal amount:	EUR 1bn
Description:	EUR 4YR Long senior unsecured Green Bond Listing: London stock exchange
Stabilisation Manager(s):	J.P. Morgan SE (Stabilisation coordinator) BNP (Stabilisation Manager(s)) Citi (Stabilisation Manager(s)) Erste Group (Stabilisation Manager(s)) OTP Bank (Stabilisation Manager(s))

Offer price:	98.774

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction

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