Kenya (Republic of) - Result of Tender Offer

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE SUCH DISTRIBUTION WOULD BE UNLAWFUL (SEE "OFFER AND DISTRIBUTION RESTRICTIONS" IN THE TENDER OFFER MEMORANDUM DATED 2 OCTOBER 2025 PREPARED BY THE REPUBLIC OF KENYA)

10 October 2025

THE REPUBLIC OF KENYA ANNOUNCES THE RESULTS OF THE TENDER OFFER FOR ITS U.S.$1,000,000,000 7.250 per cent. Notes due 2028

The Republic of Kenya (the "Issuer" or the "Republic") today announces the results of its invitation to eligible holders of its outstanding U.S.$1,000,000,000 7.250 per cent. Notes due 2028 (Reg S ISIN: XS1781710543; Reg S Common Code: 178171054; 144A ISIN: US491798AG90; 144A Common Code: 178426192; CUSIP: 491798 AG9) (the "Notes") to tender Notes for purchase by the Republic for cash (the "Offer").

The Offer was announced on 2 October 2025 and was made on the terms and subject to the conditions set out in the Tender Offer Memorandum dated 2 October 2025 (the "Tender Offer Memorandum") prepared by the Republic. Capitalised terms used but not otherwise defined in this announcement shall have the meanings given to them in the Tender Offer Memorandum.

The Expiration Deadline for the Invitation was 5.00 p.m. (New York City time) on 9 October 2025.

As at the Expiration Deadline, the Republic had received valid tenders of U.S.$628,439,000 in aggregate principal amount of the Notes for purchase pursuant to the Offer.

On 2 October 2025, the Republic successfully priced two series of New Notes in an aggregate principal amount of U.S.$1,500,000,000. The New Financing Condition was satisfied as at the closing date in respect of the issue of New Notes on 9 October 2025.

Accordingly, the Republic will accept for purchase all Notes validly tendered pursuant to the Offer. There will be no proration.

The Purchase Price for the Notes accepted for purchase is U.S.$1,037.50 per U.S.$1,000 in principal amount of such Notes. Accrued Interest will be paid in addition to the Purchase Price on such Notes.

The Settlement Date in respect of the Notes accepted for purchase will be 14 October 2025. All Notes accepted for purchase will be cancelled and will not be reissued or resold. Any Notes that were not tendered or are not accepted for purchase pursuant to the Offer will remain outstanding.

Citigroup Global Markets Limited and The Standard Bank of South Africa Limited are acting as Dealer Managers and Citibank N.A., London Branch is acting as Tender Agent.

Dealer Managers

Tender Agent

Citibank, N.A., London Branch

Citigroup Centre

Canada Square

Canary Wharf

London E14 5LB

United Kingdom

Attention: Exchange Team

Telephone: +44 (0)20 7508 3867

Email: citiexchanges@citi.com

DISCLAIMER This announcement must be read in conjunction with the Tender Offer Memorandum. This announcement and the Tender Offer Memorandum contain important information which should be read carefully. If you are in any doubt as to the contents of this announcement or the Tender Offer Memorandum, you are recommended to seek your own financial and legal advice, including as to any tax consequences, immediately from your stockbroker, bank manager, solicitor, accountant or other independent financial or legal adviser. This announcement is for informational purposes only.