Fairbridge 2025-1 B.V: 05 December 2025

A stand-alone transaction, where the Issuer will make payments on the Notes in accordance with the relevant Priority of Payments from, among other things, payments of principal and interest received from a portfolio comprising of Mortgage Loans originated by the Originators and secured over non-owner occupied residential, commercial and mixed-use real estate properties located in the Netherlands.

As at the portfolio cut-off date (30 September 2025) the pool consisted of 806 loans, advanced to 565 borrowers and secured on 919 properties. The originators are: Hyra Real Estate Investments BV, Mogelijk Hypotheken BV & Pontifex Bridge Financing BV. Borrower type: individual – 79.4%, company – 20.6%. The Average Current Loan Principal Balance is €332,216 and the Average Loan Principal Balance per Property is €291,367. Interest rate type: fixed – 99.8%. The WA CLTV is 68.3% (OLTV was 68.7%) and the WA seasoning is 10.6 months.

EU & UK Risk Retention: Spinnaker Asset Purchaser SARL (the Retention Holder) will retain as "originator" 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, SECN 5 (the FCA Retention Rules), and Article 6 of Chapter 2 together with Chapter 4 of the PRA Securitisation Rules. As at the Closing Date, such interest will be held by retaining no less than 5% of the nominal value of each of the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes, the Class E Notes and the Class Z Notes.

US Risk Retention: The Retention Holder, as the sponsor under the US Risk Retention Rules, does not intend to retain at least 5% of the credit risk of the securitised assets for purposes of compliance with the final rules promulgated under Section 15G of the Securities Exchange Act of 1934, but rather intends to rely on an exemption provided for in Section .20 of the US Risk Retention Rules regarding non-US transactions that meet certain requirements.

STS: The Notes are not intended to be designated as a EU STS securitisation or a UK STS securitisation for the purposes of the EU Securitisation Regulation or the UK Securitisation Framework.

Compare/contrast: Jubilee Place 8 BV, Candide Financing 2025-1 BV