Brazzaville, Republic of Congo – 27 May 2026 — Ethiopia has called for a significant scale-up in strategic financing for Africa’s rural transformation, stressing that strengthening agriculture, climate resilience, and rural finance is vital for continental food security and macroeconomic stability.

Addis Ababa – 27 May 2026. The Ministry of Finance (“MoF”) of the Federal Democratic Republic of Ethiopia (“Ethiopia”) announces today that between 6May 2026 and 27 May 2026 (the “Restricted Period”), it held restricted discussions with a group of holders (the “Ad HocCommittee”, and together with Ethiopia, the “Parties”) of its US$ 1 billion 6.625% Notes due 2024 (ISIN US29766LAA44) (the “2024 Notes”) to discuss the potential restructuring of the 2024 Notes.

In accordance with the terms of the MoU, the Government of Ethiopia formally commits to remaining in arrears towards those external creditors within the scope of the debt treatment with whom it has not reached a debt restructuring arrangement on terms considered by the OCC to be at least as favourable to Ethiopia as those set forth in the MoU.