Weser Funding S.A. Compartment No.R 2025-2: 31 October 2025

The Issuer will make payments on the Notes from payments of principal and interest received from a portfolio comprising Mortgage Loans originated by the Seller, Oldenburgische Landesbank (or Tulp Hypotheken acting on its behalf as agent) which have the benefit of a NHG Guarantee, and are secured over residential properties located in the Netherlands.

Oldenburgische Landesbank is a private financial institution from north-west Germany that serves its customers under the two brands OLB Bank and Bankhaus Neelmeyer throughout Germany and in selected neighbouring European countries. Its headquarters are in Oldenburg.

At the cut-off date (30 September 2025) the portfolio consisted of 2,842 loan parts advanced to 1,929 borrowers, where the average principal balance per borrower is Eur 274,287. All loans were advanced to owner-occupiers and all have a NHG guarantee. Redemption type (by current balances): Annuity – 91.7%, Linear – 3.6%, Interest only – 4.8%. Interest payment type: Fixed with periodic resets – 80.1%, Fixed for life – 19.9%. The WA LTMV is 88.16%, the WA indexed LTFV is 82.28% and the WA seasoning is 1.09 years. Geographical distribution: South Holland – 20.8%, North Brabant – 19.4% and Gelderland – 9.4%.

EU & UK Risk Retention: The Seller, as originator, has undertaken that for as long as the Notes are outstanding, it will at all times retain a material net economic interest of not less than 5% in the securitisation transaction described in the Prospectus in accordance with Article 6 of the Securitisation Regulation.

STS: The transaction is intended to qualify as a STS Securitisation within the meaning of Article 18 of Regulation (EU) 2017/2402 of 12 December 2017.

Compare/contrast: Delphinus 2025-I, Jubilee Place 8 BV