Lura Funding DAC: 02 April 2026

A stand-alone transaction, where the Issuer will make payments on the Notes from payments of principal and revenue received under the FT Bonds, which are unitranche Spanish law-governed bonds issued by Neptuno Fondo de Titulización and backed by, inter alia, payments of principal and revenue received from a portfolio comprising mortgage participations (the "PHs") and mortgage transfer certificates (the "CTHs") issued by CaixaBank SA, representing the economic rights under certain residential mortgage loans granted to individuals and certain companies mostly domiciled in Spain to finance (i) the acquisition or renovation of residential properties, (ii) debt refinancing or restructuring and business financing or (iii) other financings secured by mortgages.

The Mortgage Loans in the Portfolio underlying the Mortgage Certificates were originated by CaixaBank Bankia SA, Banco de Valencia SA, Barclays Bank SA, Caja de Ahorros Municipal de Burgos, Caja General de Ahorros de Canarias, Caja de Ahorros y Monte de Piedad de Navarra, Monte de Piedad y Caja de Ahorros San Fernando de Guadalajara, Huelva, Jerez y Sevilla, and Caixa d'Estalvis de Girona.

As at the Portfolio Cut-Off Date (31 December 2025) the Provisional Portfolio comprised 6,364 Mortgage Loans, secured against 5,930 properties. The Average Mortgage Loan Outstanding Principal Balance is €62,788, and the largest is for €1.988mln. Occupancy type: Primary Residence – 83.6%, Second Home – 13.1%, others – 3.3%. Interest Rate Type: variable – 79.5%, fixed – 20.5%. Arrears: 1 month+ - 42%, 3 month+ - 25.1%, 12 months+ - 6.5%. Restructured loans – 45.1%. The WA seasoning is 15.4 yrs and the current WA LTV is 62.1% (original LTV was 80.3%).

Significant investor: it is expected that 100% of the Principal Amount Outstanding of the Notes and the Class Y Instruments, other than the Class S Instruments, will be collectively held by either one or more funds or related funds managed or advised by the same investment manager.

EU & UK Risk Retention: As at the Closing Date the UK Risk Retention Requirement and the EU Risk Retention Requirement will be satisfied by the Retention Holder (Citibank NA London Branch) funding the VRR Loan, which has a principal value equal to at least 5% of the aggregate principal amount of the Notes and the Instruments.

US Risk Retention: The Retention Holder, as the "sponsor" under and for purposes of the US Risk Retention Rules, shall comply with the requirements by acquiring on the Closing Date and retaining for the requisite period the Required Credit Risk in the form of the VRR Loan, which has a principal value equal to at least 5% of the aggregate principal amount of the Notes and the Instruments.

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

Compare/contrast: Ronda RMBS 2025, Torres Residential DAC