PRPM Fundido 2025-1 DAC: 26 April 2025

A stand-alone transaction, where the Issuer will make payments on the Notes in accordance with the applicable Priority of Payments from, among other things, payments of principal, interest and revenue received under the FT Bonds, which are unitranche Spanish law-governed bonds, backed by, inter alia, payments of principal and revenue received from a series of sub-portfolios, namely the “Cajamar Sub-Portfolio” (originated by Cajamar and the Cajamar Original Lenders), the “Abanca Sub-Portfolio” (originated by Abanca and the Abanca Original Lenders) and the “Sabadell Sub-Portfolio” (originated by Sabadell and the Sabadell Original Lenders).

The portfolio consists of 4,938 mortgage loans, where the average current balance is €79,507. Originator breakdown (by current balances): Banco Sabadell – 55.2%, Cajamar – 28.6%, Abanca – 16.3%. Primary Debtor Type: individual – 96.7%, SME – 3.3%. Mortgage Loan Purpose: Home Acquisition – 54.5%, re-mortgage – 19.0%, renovation – 8.2%, other – 18.3%. Interest Rate Type: variable – 87.4%, fixed – 12.6%. The WA current LTV is 80.0% (original LTV was 78.2%), the WA indexed current LTV is 56.1%, and the WA seasoning is 13.5 years. Additional information: Restructured (In past 5 yrs) – 43.3%; Restructured (all, including past restructures) – 72.8%; Days in Arrears (121 >=) - 33.4%.

EU & UK Risk Retention: On the Closing Date, IGCF VI Euro LP (the “Risk Retention Holder”) will, as an “originator” for the purposes of the EU Securitisation Regulation and the UKSF, undertake to retain on an on-going basis a material net economic interest in the securitisation of not less than 5% as required by (i) Article 6 of the EU Securitisation Regulation and Article 6 of Chapter 2 together with Chapter 4 of the PRA Securitisation Rules. As at the Closing Date, the Risk Retention Undertakings will be satisfied by the Risk Retention Holder retaining a material net economic interest of not less than 5% in the securitisation through an interest in 100% of the Class F Notes.

US Risk Retention: IGCF VI Euro LP (the “US Risk Retention Holder”) has agreed that it is the “sponsor” under the US Credit Risk Retention Rules and, in order to comply with Section 15G of the US Securities Exchange Act of 1934, will retain an economic interest in the credit risk of the securitised assets, directly or through one of its majority-owned affiliates, through to the Sunset Date as an eligible horizontal retention interest in the form of 100% of the Class F Notes, the aggregate fair value of which is at least 5% of the fair value of all of the ABS interests (as defined in the US Credit Risk Retention Rules) as of the Closing Date.

Compare/contrast: Jeronimo Funding DAC, Lugo Funding DAC