SC Austria Consumer 2025-1: 21 November 2025

After an absence of almost 3 years, another SC Austria transaction where the Portfolio is backed by an initial portfolio of Receivables purchased by the Issuer from the Seller. Additional Receivables may be purchased by the Issuer during the Revolving Period in accordance with the terms described in the prospectus (available on www.euroabs.com).

The Portfolio (as at 30 September 2025) consists of 44,615 Purchased Receivables under the Debtor Loan Agreements. The Debtor Loan Agreements are governed by Austrian law and were originated by Santander Consumer Bank GmbH. The pool is highly granular, with the top 25 accounting for just 0.25% of current balances. Loan status: performing – 98.14%, Restructured – 1.65% and Arrears – 0.21%. Regional concentration: Vienna – 26.93%, Lower Austria – 21.30% and Upper Austria – 13.16%.

EU & UK Risk Retention: The Seller will, in its capacity as originator, whilst any of the Notes remain outstanding, retain for the life of the transaction a material net economic interest of not less than 5% with respect to the transaction in accordance with Article 6(3)(c) of Regulation (EU) 2017/2402 of the European Parliament through an interest in randomly selected exposures.

US Risk Retention: The Seller 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.

STS: The transaction has been structured to comply with the requirements for simple, transparent and standardised securitisations as set out in Articles 20, 21 and 22 of the Securitisation Regulation.

Compare/contrast: SC Austria Consumer Loan 2021, FACT SA Compartment 2024-1