Press Release

NASSAU, Bahamas, October 19, 2026 — The Commonwealth of the Bahamas (the “Government”) announced today the commencement of an offer to purchase for cash (the “Offer”) from each registered holder or beneficial owner (each, a “Holder” and, collectively, the “Holders”) its outstanding series of notes listed in the table below (collectively, the “Notes”) such that the maximum amount to be paid for the outstanding principal amount of each series of Notes validly tendered and accepted for purchase pursuant to the Offer, not including interest accrued and unpaid thereon, is to be determined by the Government in its sole discretion (such amount for each series, the “Maximum Purchase Price”). The terms and conditions of the Offer are set forth in the offer to purchase, dated October 19, 2026 (the “Offer to Purchase”).

The Offer is not conditioned upon any minimum participation of any series of Notes, but is conditioned, among other things, on the concurrent (or earlier) closing of an issuance of new global notes (the “New Notes”), in an aggregate principal amount sufficient to fund the Offer, with pricing and on terms and conditions acceptable to the Government in its sole discretion (the “New Notes Offering”). The New Notes Offering is being made solely by means of an offering memorandum relating to the offering of the New Notes, and neither this announcement nor the Offer to Purchase constitutes an offer to sell or the solicitation of an offer to buy the New Notes. The purchase price to be paid per U.S.$1,000 principal amount of each series of Notes that are accepted

pursuant to the Offer will be an amount equal to the fixed price indicated in the table below (such amount for each series, the “Purchase Price”). In addition to the Purchase Price, Holders whose Notes are accepted for purchase in the Offer will also receive any accrued and unpaid interest from, and including, the last applicable interest payment date for such Notes up to, but excluding, the Settlement Date (as defined below) (the “Accrued Interest”). If the aggregate Purchase Price for all validly tendered Notes of a series (the “Tendered Aggregate Purchase Price”) would exceed the Maximum Purchase Price forsuch series, then the Government will, in its sole discretion, apply a proration factor to the tenders of such series.

See Document for full release information.