FACT S.A. Compartment 2026-1: 24 April 2026

The Notes are backed by a portfolio of (a) lease receivables arising from lease agreements for vehicles; (b) certain other receivables arising out of, or in connection with, such lease agreements; (c) receivables arising out of the future sale of the Leased Vehicles; and (d) loan receivables arising from loans granted in order to finance the purchase of vehicles, including any ownership rights retained by Porsche Bank Aktiengesellschaft in such Financed Vehicles in order to secure such loan receivables.

Eligibility criteria (includes): the Purchased Receivables exist, are governed by Austrian law and are valid, binding and enforceable obligations of the respective Debtor; the Asset Agreements allow for payment in monthly instalments only; the Purchased Receivables are freely assignable; none of the Debtors is an Affiliate or employee of Porsche Bank; the respective Asset Agreement exists for at least two months since its origination and the respective Purchased Receivable has not been overdue for more than one month; the Lease Agreements and the Loan Agreements have been entered into exclusively with Lessees and Borrowers which, if they are corporate entities, have their registered office or, if they are individuals, have their place of residence, in Austria.

As at the cut-off date (8 May 2026) the portfolio consists of 26,799 contracts, advanced to 23,357 obligors (and 23,110 obligor groups). The Average Balance per Contract is Eur20,280, Average Balance per Obligor Eur23,269, Average Balance per Obligor Group Eur23,517. Percentage of Total Number of Contracts by type: New – 48%. Used – 52%. The WA seasoning is 14.72 months. Percentage of contracts by regional concentration: Steiermark – 16.39%, Tirol / Vorarlberg – 14.67%, Oberösterreich / some parts of Niederösterreich – 14.13%, Wien – 13.96%.

EU Risk Retention: The Seller (Porsche Bank) 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)(d) of Regulation (EU) 2017/2042, such net economic interest being through investment in the Class C Notes and the Subordinated Loan.

US Risk Retention: The issuance of the Notes was not designed to comply with the US Risk Retention Rules other than the exemption under Section 20 of the US Risk Retention Rules.

Compare: FACT – 2024-1, Bavarian Sky SA (Comp German Auto Leases 10)