BBAM European CLO VIII DAC: 02 January 2026

The assets securing the Notes will consist of a portfolio of primarily Senior Loans, Senior Secured Bonds, Mezzanine Obligations and High Yield Bonds, managed by RBC Global Asset Management (UK) Limited. For the Eligibility Criteria, and the Reinvestment Criteria, please see the relevant sections in the Offering Circular (available on www.euroabs.com).

The Collateral Manager is part of RBC BlueBay Asset Management and is a wholly-owned subsidiary of Royal Bank of Canada and part of RBC's asset management division, RBC Global Asset Management. As of 31 August 2025, RBC BlueBay's pro forma fixed income assets under management were approximately US$154 billion with approximately US$25 billion in the Global Leveraged Finance and Securitized Credit platform.

On 30 December 2025, BBAM European CLO VIII issued €248,000,000 Class A Senior Secured Floating Rate Notes due 2040, €44,000,000 Class B Senior Secured Floating Rate Notes due 2040, €24,000,000 Class C Senior Secured Deferrable Floating Rate Notes due 2040, €28,000,000 Class D Senior Secured Deferrable Floating Rate Notes due 2040, €18,000,000 Class E Senior Secured Deferrable Floating Rate Notes due 2040, €12,000,000 Class F Senior Secured Deferrable Floating Rate Notes due 2040 and €34,100,000 Subordinated Notes due 2040.

The Issuer anticipates that, by the Issue Date, it or the Collateral Manager on its behalf will have purchased or committed to purchase Collateral Debt Obligations the aggregate principal balance of which is equal to at least €360mln, which is approximately 90.0% of the Target Par Amount.

The Notes are being offered by the Issuer through Morgan Stanley & Co International plc in its capacity as initial purchaser of the offering of such Notes subject to prior sale.

US Risk Retention: The Retention Holder (NP Europe Loan Management I) will purchase an "eligible vertical interest" on the Issue Date, however there can be no assurance that the Retention Holder will continue to hold the “eligible vertical interest” on any future date.