Aran Funding 2025-1 DAC: 01 November 2025

The Issuer will make payments on the Notes from payments of principal and revenue received from mortgages secured over residential properties located in Ireland originated by Exicon DAC (formerly called KBC Bank Ireland Public Limited Company). Prior to the Seller's acquisition of the Portfolio, the Portfolio was owned beneficially by Kinbane 2022-RPL 1 DAC.

At the cut-off date (31 May 2025) the portfolio consisted of 2,418 loans, where the average current balance is Eur175,100 and the largest is for Eu1.564mln. Occupancy Type: Owner Occupied – 95.62%, BTL – 4.38%. Current Repayment Method: Capital & Interest – 83.42%, Interest Only – 14.76%, P&P – 1.82%. Interest Rate Type: Floating rate loan (for life) – 90.17%, fixed – 9.83%. The WA current indexed LTV is 56.13% (original WA was 69.53%) and the WA seasoning is 19.06 years. Additional information: Arrears: >=3.01 MIA - 40.52%, Ever Restructured – 96.60%, Restructured (by Current Balance) – 61.36%. Geographical Distribution: Dublin – 33.90%, Cork – 8.69%, Kildare – 7.50%.

Significant investor: On the Closing Date, a single investor and/or its affiliates will hold more than 75% of the Note Principal Amount Outstanding of the A Notes.

EU & UK Risk Retention: The Risk Retention Holder (Continental Structured Ventures Ltd) will retain on an ongoing basis a material net economic interest of not less than 5% in respect of the transaction in accordance with Article 6(1) of the EU Securitisation Regulation and in accordance with the UK Securitisation Framework. At the Closing Date, such interest will consist of the Risk Retention Holder holding and retaining the first loss tranche and other tranches having the same or a more severe risk profile than those transferred or sold to investors.

US Risk Retention: The Risk Retention Holder, as a 'sponsor' for the purposes of the US Retention Rules, intends to satisfy the requirements of the US Retention Rules by acquiring on the Closing Date and retaining, either directly and/or through one of its majority owned affiliates, the US Retained Interest which comprises not less than 5% of the credit risk of the 'securitized assets' of the Issuer in the form of an eligible horizontal residual interest in an amount equal to at least 5% of the fair value of the Notes as determined under US generally accepted accounting principles.

Compare / contrast: Kinbane 2022-RPL 1 DAC, Beckett Mortgages 2025-1 DAC, Mulcair Securities No.4 DAC