OCBC 4.517% Subordinated Notes due 2036

OCBC 4.517% Subordinated Notes due 2036

1. Pricing Supplement

2. Term and Conditions as extracted from the Offering Memorandum relating to the Global Medium Term Note Programme dated 28 March 2025

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1

Pricing Supplement dated 25 February 2026

Issue of U.S.$500,000,000 4.517 per cent. Subordinated Notes due 2036 under the Oversea-Chinese Banking Corporation Limited U.S.$30,000,000,000 Global Medium Term Note Programme

This document constitutes the Pricing Supplement relating to the issue of Notes described herein.

Terms used herein shall be deemed to be defined as such for the purposes of the Terms and Conditions of the Notes other than the Perpetual Capital Securities (the "Conditions ") set forth in the Offering Memorandum dated 28 March 2025 (the "Offering Memorandum"). This Pricing Supplement, together with the information set out in the Schedules hereto, contains the final terms of the Notes and must be read in conjunction with such Offering Memorandum.

Where interest, discount income, early redemption fee or redemption premium is derived from any of the Notes by any person who is not resident in Singapore and who carries on any operations in Singapore through a permanent establishment in Singapore, the tax exemption available for qualifying debt securities (subject to certain conditions) under the Income Tax Act 1947 of Singapore (the "Income Tax Act"), shall not apply if such person acquires such Notes using the funds and profits of such person's operations through a permanent establishment in Singapore. Any person whose interest, discount income, early redemption fee or redemption premium derived from the Notes is not exempt from tax (including for the reasons described above) shall include such income in a return of income made under the Income Tax Act.

Pursuant to the Financial Services and Markets Act 2022 of Singapore (the "FSM Act") and the Financial Services and Markets (Resolution of Financial Institutions) Regulations 2024 (the "FSM Regulations "), the Subordinated Notes would be eligible instruments (as defined in the FSM Regulations). Accordingly, should a Bail-in Certificate (as defined in the FSM Act) be issued, Subordinated Notes may be subject to cancelation, modification, conversion and/or change in form, as set out in such Bail-in Certificate.

professional clients are appropriate. Any person subsequently offering, selling or recommending the Notes (a "UK distributor") should take into consideration the manufacturers' target market assessment; however, a UK distributor subject to the FCA Handbook Product Intervention and Product Governance Sourcebook is responsible for undertaking its own target market assessment in respect of the Notes (by either adopting or refining the manufacturers' target market assessment) and determining appropriate distribution channels.

requirements of MAS Notice 637 on Risk Based Capital Adequacy Requirements for Banks Incorporated in Singapore, the Notes, and any investment products that reference the Notes, are not to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in Singapore. For these purposes, a retail investor means an investor in Singapore that is not an accredited investor (as defined in Section 4A of the Securities and Futures Act 2001 of Singapore ("SFA")) or institutional investor (as defined in Section 4A of the SFA).

Paragraph 21 of the Hong Kong SFC Code of Conduct - As paragraph 21 of the Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission applies to this offering of Notes, prospective investors should refer to the section on "Important Notice - Important Notice to Prospective Investors " appearing on pages 1 to 2 of the Offering Memorandum, and CMIs (as defined in the Offering Memorandum) should refer to the section on "Plan of Distribution - Important Notice to CMIs (including private banks)" appearing on pages 431 to 433 of the Offering Memorandum.

(ii) Tranche Number: 001

1. Specified Currency or Currencies: United States dollars ("U.S.$")

2. Aggregate Principal Amount:

   1. Series: U.S.$500,000,000

   2. Tranche: U.S.$500,000,000

3. Issue Price: 100% of the Aggregate Principal Amount

4. (i) Specified Denominations: U.S.$200,000 and, in excess thereof, integral

   multiples of U.S.$1,000

   (ii) Calculation Amount: U.S.$1,000

5. (i) Issue Date: 4 March 2026

   1. Interest Commencement Date: Issue Date

   2. Trade Date: 25 February 2026

   3. First Call Date: 4 March 2031

6. Maturity Date: 4 March 2036

7. Interest Basis: Fixed Rate, subject to paragraph 16(i) below (further particulars specified below)

8. Redemption/Payment Basis: Redemption at par

9. Change of Interest or Redemption/ Payment Basis:

   Applicable, see paragraph 16(i) below

10. Put/Call Options: Issuer Call

    (further particulars specified below)

11. Listing: SGX-ST

12. Status of Notes: Subordinated

13. Method of distribution: Syndicated

    PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

14. Fixed Rate Note Provisions Applicable

    1. Rate(s) of Interest: 4.517% per annum payable semi-annually in

       arrear from (and including) the Interest Commencement Date to (but excluding) the First Call Date (as specified in paragraph 7(iv)).

       From (and including) the First Call Date to (but excluding) the Maturity Date, at a fixed rate per annum (expressed as a percentage) equal to the aggregate of (a) the then-prevailing US Treasury Rate and (b) the Initial Spread. If such fixed rate in the aggregate is negative, it shall be deemed to be 0 per cent.

       For the purposes of this Pricing Supplement: "Calculation Busines s Day" means any day, excluding a Saturday and a Sunday, on which

       banks are open for general business (including dealings in foreign currencies) in New York City and Singapore.

       "Calculation Date" means the second Calculation Business Day preceding the First Call Date.

       "Comparable Treasury Is sue" means the U.S. Treasury security selected by an independent financial institution of international repute (which is appointed by the Issuer and notified by the Issuer to the Trustee) as having a maturity of five years that would be utilised, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities with a maturity of five years.

       "Comparable Treasury Price" means, with respect to any Calculation Date, the average of three Reference Treasury Dealer Quotations for such Calculation Date.

       "Initial Spread" means: 0.90 per cent.

       "Reference Treasury Dealer" means each of the three nationally recognised investment banking firms selected by the Issuer that are primary U.S. Government securities dealers.

       "Reference Treasury Dealer Quotations " means with respect to each Reference Treasury Dealer and any Calculation Date, the average, as determined by the Calculation Agent, of the bid and asked prices for the Comparable Treasury Issue, expressed in each case as a percentage of its principal amount, quoted in writing to the Calculation Agent by such Reference Treasury Dealer at 10.00 p.m. New York City time, on such Calculation Date.

       "US Treasury Rate" means the rate in percentage per annum notified by the Calculation Agent to the Issuer and the Noteholders (in accordance with the Conditions) equal to the yield on U.S. Treasury securities having a maturity of five years as is derived from H.15 under the caption "Treasury constant maturities", as displayed on Reuters page "FRBCMT" (or any successor page or service displaying yields on U.S. Treasury securities as agreed between the Issuer and the Calculation Agent) at 5 p.m. (New York time) on the Calculation Date. If such page (or any successor page or service does not display the relevant yield at 5 p.m. (New York time) on the Calculation Date,

       U.S. Treasury Rate shall mean the rate in percentage per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for the Calculation Date.

       If there is no Comparable Treasury Price on the Calculation Date for whatever reason, U.S. Treasury Rate shall mean the rate in percentage per annum notified by the Calculation Agent to the Issuer and the Noteholders (in accordance with the Conditions) equal to the yield on U.S. Treasury securities having a maturity of five years as is derived from H.15 under the caption "Treasury constant maturities", as was displayed on Reuters page "FRBCMT" (or any successor page or service displaying yields on U.S. Treasury securities as agreed between the Issuer and the Calculation Agent), at 5 p.m. (New York time) on the last available date preceding the Calculation Date on which such rate was displayed on Reuters page "FRBCMT" (or any successor page or service displaying yields on U.S. Treasury securities as agreed between the Issuer and the Calculation Agent).

    2. Interest Payment Date(s): 4 March and 4 September in each year, provided

       that if any date for payment falls on a day which is not a Business Day, the date for payment will be the next succeeding Business Day. For the avoidance of doubt, Condition 7(j) applies to the Notes

    3. Fixed Coupon Amount(s): Not Applicable

    4. Broken Amount(s): Not Applicable

    5. Day Count Fraction (Condition 4(l)):

    6. Other terms relating to the method of calculating interest for Fixed Rate Notes:

30/360

Not Applicable

1. Equity Linked Note Provisions Not Applicable
2. Bond Linked Note Provisions Not Applicable

3. Index Linked Interest Note Provisions Not Applicable

4. Dual Currency Note Provisions Not Applicable

   PROVISIONS RELATING TO REDEMPTION

5. Call Option Applicable

   1. Optional Redemption Date(s): The First Call Date only, subject to regulatory

      approval (paragraph (ii) of Condition 5(d)(ii) shall not apply to the Notes)

   2. Optional Redemption Amount(s) of each Note and specified denomination method, if any, of calculation of such amount(s):

      U.S.$1,000 per Calculation Amount

   3. If redeemable in part: Not Applicable

   4. Notice period: As provided for in the Conditions

6. Put Option Not Applicable

7. Variation instead of Redemption (Condition 5(h))

   Applicable

8. Final Redemption Amount of each Note U.S.$1,000 per Calculation Amount

9. Early Redemption Amount

   Early Redemption Amount(s) per Calculation Amount payable on redemption for taxation reasons (Condition 5(c)) or an event of default (Condition 10) and/or the method of calculating the same (if required or if different than that set out in the Conditions):

   PROVISIONS RELATING TO LOSS ABSORPTION

10. Loss Absorption Option: Write-off on a Trigger Event (Condition 6(b)):

    U.S.$1,000 per Calculation Amount

    Applicable

11. Loss Absorption Option: Conversion: Not Applicable

    GENERAL PROVISIONS APPLICABLE TO THE NOTES

12. Form of Notes: Registered Notes:

    Regulation S Unrestricted Global Certificate (U.S.$500,000,000 nominal amount) registered in the name of a nominee for a common depositary for Euroclear and Clearstream

13. Financial Centre(s) (Condition 7(j)) or other special provisions relating to Payment Dates:

14. Talons for future Coupons or Receipts to be attached to Definitive Notes (and dates on which such Talons mature):

15. Details relating to Partly Paid Notes: amount of each payment comprising the Issue Price and date on which each payment is to be made and consequences

    (if any) of failure to pay, including any right of the Issuer to forfeit the Notes and interest due on late payment:

16. Details relating to Instalment Notes: amount of each Instalment, date on which each payment is to be made:

17. Redenomination, renominalisation and reconventioning provisions:

    New York City and Singapore

    For the avoidance of doubt, "business day" for the purposes of Condition 7(j) shall include New York City and Singapore

    No

    Not Applicable

    Not Applicable

    Not Applicable

18. Consolidation provisions: Not Applicable

19. Other terms or special conditions: Not Applicable

    DISTRIBUTION

20. (i) If syndicated, names of Managers: Citigroup Global Markets Singapore Pte. Ltd.

    ING Bank N.V., Singapore Branch

    J.P. Morgan Securities Asia Private Limited Oversea-Chinese Banking Corporation Limited The Toronto-Dominion Bank

    Wells Fargo Securities International Limited

    (ii) Stabilisation Manager (if any): J.P. Morgan Securities Asia Private Limited

21. If non-syndicated, name of Dealer: Not Applicable

22. Whether TEFRA D or TEFRA C was applicable or TEFRA rules not applicable:

    TEFRA not applicable

23. Additional selling restrictions: Not Applicable

    HONG KONG SFC CODE OF CONDUCT

24. (i) Rebates Not Applicable

    1. Contact email addresses of the Overall Coordinators where underlying investor information in relation to omnibus orders should be sent:

       DCM.Omnibus@citi.com gcmasiapacific@ing.com

       investor.info.hk.bond.deals@jpmorgan.com

    2. Marketing and Investor Targeting Strategy:

    As indicated in the Offering Memorandum

    OPERATIONAL INFORMATION

25. ISIN Code: XS3307229321

26. Common Code: 330722932

27. CUSIP: Not Applicable

28. CMU Instrument Number: Not Applicable

29. Legal Entity Identifier (LEI): 5493007O3QFXCPOGWK22

30. Any clearing system(s) other than CDP, the CMU, Austraclear, Euroclear and Clearstream and/or DTC and the relevant identification number(s):

    Not Applicable

31. Delivery: Delivery against payment

32. Additional Paying Agent(s) (if any): Not Applicable

33. The Agents appointed in respect of the Notes are:

    GENERAL INFORMATION

    Not Applicable

34. Applicable Governing Document: Amended and Restated Trust Deed dated 28

    March 2025

35. Governing law of Notes: English, save that the provisions of the

subordination, set-off and payment void, default and enforcement Conditions in Condition 3(b), Condition 3(c), Condition 3(d), Condition 10(b)(ii) and Condition 10(b)(iii) are governed by, and shall be construed in accordance with, Singapore law

This Pricing Supplement comprises the final terms required for the issue and admission to trading on the SGX-ST of the Notes described herein pursuant to the U.S.$30,000,000,000 Global Medium Term Note Programme of Oversea-Chinese Banking Corporation Limited.