Fortuna Consumer Loan ABS 2025-2 DAC: 07 October 2025

The payments of interest and principal are from the collections on a portfolio of fixed rate unsecured consumer loan receivables. Each such Purchased Receivable arises from a consumer loan agreement governed by German law, denominated in EUR and entered into by Süd-West-Kreditbank Finanzierung GmbH, as lender, and a natural person resident in the Federal Republic of Germany, as borrower, and was brokered to SWK through a loan brokerage platform operated by auxmoney GmbH.

BNP Paribas, together with ABN Amro Bank NV, ING Bank NV and Natixis (joint lead managers) will purchase all Notes on the Closing Date, subject to certain conditions, and may offer subsequently from time to time Notes at terms pursuant to documentation to be agreed and determined at the time of sale.

EU Risk Retention: The Seller, in its capacity as "originator" within the meaning of the EU Securitisation Regulation, will retain for the life of the transaction a material net economic interest of not less than 5% in the transaction in accordance with Article 6 paragraph (3)(c) of the EU Securitisation Regulation, by retaining loan receivables randomly selected by the Seller equivalent to no less than 5% of the aggregate Outstanding Principal Amount of the Purchased Receivables sold and assigned by it to the Issuer on the Closing Date and on each Purchase Date.

US Risk Retention: The transaction will not involve risk retention by the Seller for the purposes of the US Risk Retention Rules, but rather will be made in reliance on an exemption provided for in Section __.20 of the US Risk Retention Rules regarding non-US transactions.

STS: This transaction meets the requirements of Articles 19 to 22 of the EU Securitisation Regulation for simple, transparent and standardised non-ABCP securitisations.

Compare/contrast: Fortuna Consumer Loan ABS 2024-2, Noria DE 2024 FCT