Private Driver España 2026-1, FdT: 30 May 2026

The Initial Receivables to be assigned to the Fund on the Date of Incorporation originated exclusively from loan receivables among the assets of the Seller (VW Bank) arising from 173,897 loans granted to individuals having their place of residence or corporate entities having their registered office in Spain, to finance the purchase of new and used motor cars.

The Average Outstanding Discounted Principal Balance is Eur8,858 and the maximum is Eur96,288. Type of credit: Auto Credit – 53.95%, Classic Credit – 46.05%. Customer Type: private – 85.32%, freelance – 9.15%, company – 5.52%. Type of car: new – 76.61%, used – 23.39%. The WA seasoning is 19.16 months. Geographical distribution: Cataluña – 22.65%, Andalucia – 17.90%, C. Madrid – 13.48% and C. Valenciana – 11.79%.

EU Risk Retention: Following the issuance of the Notes, the Seller, in its capacity as originator, will retain for the life of the transaction an amount equivalent to no less than 5% of the nominal value of the securitised exposures, on an ongoing basis, as contemplated by Article 6(3)(d) of the Securitisation Regulation.

US Risk Retention: The transaction will not involve risk retention by the Seller for the purposes of Regulation RR (17 C.F.R Part 246) implementing the risk retention requirements of Section 15G of the US Securities Exchange Act of 1934, but rather will be made in reliance on an exemption provided for in Section 20 of the US Risk Retention Rules regarding non-US transactions.

STS: It is not foreseen to deliver a communication to ESMA in relation to the compliance with the criteria on simple, transparent and standardised securitisations.

Compare/contrast: Private Driver España 2020-1, BBVA Consumer Auto 2026-1 FdT, Lucca Finance (redeemed)