PPL Corporation Completes Offering of 23,000,000 Corporate Units

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entered into an underwriting agreement for the issuance and sale of 20,000,000 equity units, initially in the form of corporate units (the 'Corporate Units'), with an option for the underwriters to purchase up to an additional 3,000,000 Corporate Units to cover over-allotments. Each Corporate Unit has a stated amount of $50 and consists of a purchase contract to buy PPL common stock for $50 in cash by February 15, 2029, and a beneficial ownership interest in two sets of remarketable senior notes due 2034 and 2039. The Company completed the offering on February 26, 2026, issuing a total of 23,000,000 Corporate Units, including the exercise of the underwriters' over-allotment option. The Corporate Units and related securities were registered under the Securities Act of 1933 and are governed by the terms of the Underwriting Agreement, the Notes Indenture, the Purchase Contract and Pledge Agreement, and related exhibits.

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About PPL Corporation

PPL Corporation is a prominent utility holding company with a primary focus on delivering electricity and natural gas services to a wide range of customers. Headquartered in Allentown, Pennsylvania, PPL Corporation operates through several subsidiaries, providing electricity to millions of residential, commercial, and industrial customers in the United States. The corporation's extensive network includes power generation facilities as well as transmission and distribution systems. PPL is actively involved in the energy sector, influencing both regional and national markets. It strives to maintain reliability and sustainability in its energy supply, with an increasing emphasis on incorporating renewable energy sources and improving grid resilience. The company's operations contribute significantly to the utility industry, impacting economic growth and energy security. Moreover, PPL Corporation plays a vital role in the energy market by investing in innovative technologies and infrastructure development aimed at enhancing energy efficiency and performance. Through strategic planning and a commitment to customer satisfaction, PPL Corporations continues to be a leading participant in the ever-evolving utilities landscape.