Fulton Financial Corporation Commences Offer to Purchase Certain of Its Outstanding Debt Securities

Fulton Financial Corporation (“Fulton” or the “Company”) (Nasdaq: FULT) announced today that it has commenced a cash tender offer (the “Offer”) to purchase its 4.500% Subordinated Notes due 2024 (the “Subordinated Notes”) and its 3.60% Senior Notes due 2022 (the “Senior Notes” and, together with the Subordinated Notes, the “Notes” and each a “Series” of Notes) up to the maximum aggregate principal amount (each a “Tender Cap”) specified in the table below.

The Offer is being made pursuant to and is subject to the terms and conditions set forth in the Offer to Purchase, dated March 16, 2021 (the “Offer to Purchase”) and the related Letter of Transmittal (the “Letter of Transmittal”). The purpose of the Offer is to acquire outstanding Notes up to the applicable Tender Cap and reduce the Company’s aggregate interest expense. Notes purchased in the Offer will be retired and cancelled. The Company intends to fund the purchase of Notes validly tendered and accepted for purchase pursuant to the Offer with cash on hand. Capitalized terms not defined herein shall have the meaning set forth in the Offer to Purchase.

The following table sets forth some of the terms of the Offer:

Title of Security

CUSIP Number

Aggregate Principal Amount Outstanding

Aggregate Maximum Principal Amount (Tender Cap)

Reference U.S. Treasury Security

Bloomberg Reference Page(1)

Fixed Spread (basis points)(2)

Early Tender Premium(3)

Hypothetical Total Consideration(2)(3)(4)

4.500% Subordinated Notes due 2024

360271 AJ9

$250,000,000

$75,000,000

UST 0.25% due March 15, 2024

FIT1

+ 65

$30

$1,124.78