Notice to holders of deeply subordinated perpetual bonds, convertible into new shares or exchangeable for existing shares of Air France-KLM (ISIN FR001400DU47) (the “HC Bonds”)

Core Points - Air France-KLM has decided to exercise its option for early redemption of all outstanding deeply subordinated perpetual bonds (HC Bonds) at a price of €100,000 plus accrued interest of €1,625, payable on November 24, 2025 [3] - Holders of the HC Bonds can still exercise their entitlement to receive new and/or existing shares of Air France-KLM until November 10, 2025, with a conversion ratio of 6,549.6463 ordinary shares per HC Bond [4] Summary by Sections - Early Redemption Announcement - The company will redeem all outstanding HC Bonds from the First Hard Call Date at a total redemption price of €101,625 per bond [3] - Conversion Rights - Bondholders retain the right to convert their bonds into shares until November 10, 2025, with a specified conversion ratio [4]