Mubadala

Commercial paper program

As part of its ongoing effort to diversify sources of funding, Mubadala Development Company established its Euro Commercial Paper (ECP) program.

The ratings of the ECP program are in line with Mubadala Development Company’s short-term issuer ratings by all three rating agencies.

Mubadala Development Company unconditionally and irrevocably guarantees notes issued under the ECP program.