Dilosk RMBS No.11: 22 February 2026

Another stand-alone transaction under the Dilosk name. The Issuer will make payments on the Notes from, inter alia, payments of principal and revenue on a portfolio comprising mortgage loans originated by Dilosk DAC and secured over residential properties located in Ireland, and which will be purchased by the Issuer on the Closing Date.

At the cut-off date (31 January 2026) the portfolio consisted of 901 mortgage loans, where the average current balance is Eur182,232 and the largest is for Eur1,652mln. Occupancy type: BTL – 100.00%. Repayment type (by current balances): annuity – 58.6, Interest Only – 41.4%. Mortgage Loan Purpose: purchase – 55.6%, Re-mortgage – 19.7%, Remortgage with Equity Release– 14.4%, Equity Release – 10.3%. The WA current LTV (indexed) is 56.4%, the original LTV was 58.1% and the WA seasoning is 19.2 years. Regional concentration: Dublin – 56.9%, South-West – 13.6%, Mid-East -10.4%.

EU & UK Risk Retention: On the Closing Date and until all the Notes have been redeemed in full, Dilosk as originator (the Retention Holder) will retain a material net economic interest of not less than 5% in the securitisation as required by (i) Article 6 of Regulation (EU) 2017/2402 and (ii) Article 6 of Regulation (EU) 2017/2402 of the European Parliament and of the Council of 12 December 2017. As at the Closing Date, the EU Retention and the UK Retention will each be satisfied by the Retention Holder subscribing for and thereafter holding an interest in not less than 5% of the nominal value of each Class of Notes.

US Risk Retention: The transaction is not intended to involve the retention by a sponsor of 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, as amended, 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 are not intended to be designated as a STS securitisation for the purposes of either the EU Securitisation Regulation or the UK Securitisation Regulation.

Compare/contrast: Dilosk No.10, Beckett Mortgages 2025-1 DAC, Kinbane 2025-RPL 2 DAC