EQR 1 PLC: 16 December 2025

A stand-alone transaction where the Issuer will make payments on the Notes from the collections received from a portfolio of equity release mortgages secured over residential properties located in England, Wales and Scotland, including any Further Advances from time to time which meet the Further Advance Conditions.

The Mortgage Portfolio (as at 31 August 2025) consisted of 2,376 loan parts advanced to 1,986 borrowers. The Average Current Loan Balance is £200,252 and the largest is for £4,803mln. WA age of youngest borrower – 77.58 years; WA current LTV – 51.24%; WA seasoning - 7.39 years. Vacant Properties/Borrowers Deceased or Moved to Long-Term Care – 1.36%.

Significant Holder: On the Closing Date, LGAS (Legal and General Assurance Society) will acquire 100% of the Class A Notes, and the Retention Holder will acquire 100% of the Class B Notes and the Class R Certificates in part-consideration for the Sale of the Mortgage Portfolio

UK & EU Risk Retention: On the Closing Date, Stonehill Structured Credit Limited (the Retention Holder) will, as an “originator”, undertake to retain on an ongoing basis a material net economic interest in the securitisation of not less than 5% as required by (i) Article 6 of the EU Securitisation Regulation and (ii) SECN 5 (the FCA Retention Rules). As at the Closing Date, the Retention Undertaking will be satisfied by the Retention Holder holding a net economic interest of not less than 5% in the securitisation by way of an interest in 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 Seller, as 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.

STS: The Notes and the Class R Certificates are not intended to be designated as a EU STS securitisation or a UK STS securitisation for the purpose of the EU Securitisation Regulation or the UK Securitisation Framework.

Compare/contrast: Beckett Mortgages 2025-1 DAC, Pierpont BTL 2024-1 plc