E-Carat UK 2026-1 PLC: 20 May 2026

This is the first E-Carat UK transaction since June 2021.

The Issuer will make payments on the Notes from a portfolio comprising receivables under or in connection with Conditional Sale Agreements and PCP Agreements originated by Stellantis Financial Services UK Limited (the Originator and the Seller) and purchased by the Issuer from the Seller on the Closing Date and any subsequent Further Purchase Date during the Revolving Period.

For eligibility criteria please see the relevant section “Eligibility Criteria of Purchased Receivables” in the prospectus.

The provisional portfolio (as at 26 March 2026) consists of 43,235 auto contracts (new – 10,863 agreements, used – 25,343 agreements) with an average outstanding principal balance of £11,500. The maximum loan is for £46,987 and the top 20 debtors account for just 0.18% of the balances. Customer type (by outstanding principal balance): Private - 96.15%, Corporate - 3.85%. Vehicle type: Used – 68.79%, New – 31.21%. Payment method (by current balances): Direct Debit - 99.87%. The WA seasoning is 7.50mnths.

EU & UK Risk Retention: While any of the Notes remain outstanding, the Originator will retain a material net economic interest of not less than 5% in the securitisation (a) as required by SECN 5 (the "UK Retention Rules") and (b) for the purposes of Article 6(1) of the EU Securitisation Regulation. As at the Closing Date, the Originator will meet this obligation by retaining the Notes that (i) in aggregate comprise 5% of the nominal value of each Class of Notes and (ii) constitute a vertical tranche as required by the text of Article 6(3)(a) of the EU Securitisation Regulation and SECN 5.2.8R(1)(a).

US Risk Retention: The Seller 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: Stellantis Financial Services UK Limited, as originator, on or about the Closing Date, will submit a notification to the Financial Conduct Authority (FCA) in accordance with SECN 2.5, confirming that the requirements of SECN 2.2.2R to SECN 2.2.29R for designation as a UK STS securitisation have been satisfied.

Compare/contrast: E-Carat plc - Series 12, Dowson 2026-1 plc, Silver Arrow SA Compartment UK 2026-1