Pavillion Consumer 2025-1: 27 November 2025

The Issuer will make payments on the Notes from the payments of principal and interest it receives from borrowers pursuant to a portfolio of unsecured consumer loan agreements originated by Barclays Bank UK plc. These unsecured consumer loan agreements provide for monthly payments over the term of the contract.

The Provisional Portfolio at the Cut-Off Date (31 August 2025) consists of 399,481 receivables agreements, where the average current balance is £9,412 and the largest is £50,000. Loan Purpose: Home Improvements – 36.04%, Car/vehicle – 32.77%, Debt Consolidation – 12.96%. The WA seasoning is 13.91 months. Additional information: Self-employed – 13.22%; Income Verified – 100.00%

UK & EU Risk Retention: On the Closing Date, Barclays Bank plc (the Retention Holder) will retain, on an ongoing basis, a material net economic interest of not less than 5% in the securitisation in accordance with Article 6 of Chapter 2 together with Chapter 4 of the PRA Securitisation Rules by retaining not less than 5% of the nominal value of each of the tranches sold or transferred to investors. In addition, the Retention Holder will retain, on an ongoing basis, a material net economic interest of not less than 5% in the securitisation in accordance with Article 6(1) of the EU Securitisation Regulation.

US Risk Retention: The Seller intends to comply with the requirements of the US Risk Retention Rules by acting as the "retaining sponsor" and acquiring on the Closing Date and retaining, through its majority-owned affiliate, Barclays Bank plc, the US Retained Interest in the form of an eligible vertical interest

STS: As at the Closing Date, Barclays Bank UK plc (as originator) and Barclays Bank plc (as sponsor) will jointly submit a notification to the FCA, in accordance with SECN 2.5.1R, confirming that the requirements of SECN 2.2.1R to 2.2.29R have been satisfied with respect to the Notes.

Compare/contrast: Asimi Funding 2025-2 plc, Morglas ABS 2025-1 plc