Cars Alliance Auto Leases Germany V 2026-1 : 26 May 2026

As at the cut-off date (31 April 2026) the portfolio consists of 51,209 Auto Lease Agreements and Put Option Agreements for an Aggregate Discounted Asset Balance of EUR999,999,764.72. The Average current Discounted Asset Balance per Auto Lease Agreement is EUR19,527.81 and the Number of Lessees is 43,399.

All of the contracts are Auto Lease Contracts with a Dealer Car Buy-Back Contract. Obligor (lessee) concentration: top 1 – 0.03%, top 10 – 0.287%. Car type: New – 100.00%. The WA seasoning is 19.07 months. Geographic distribution by Number of Auto Leases Agreements: Nordrhein-Westfalen - 17.84%, Baden-Württemberg - 15.60%, Bayern - 12.28% and Niedersachsen - 10.50%.

EU Risk Retention: DIAC (RCI Banque holds 100% of the share capital of DIAC S.A) will retain a material net economic interest of not less than 5% in the securitisation as required by Article 6(1) of the Regulation (EU) 2017/2402 of the European Parliament. As at the Closing Date, DIAC will meet this obligation by (a) the subscription and full ownership of all the Class C Notes issued by the Issuer and (b) the funding by DIAC of the General Reserve, which will represent in aggregate not less than 5% of the nominal value of the securitised exposures and which constitutes an interest in the first loss tranche.

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

STS: The transaction is intended to qualify as a STS securitisation within the meaning of Article 18 of the Securitisation Regulation.

Compare/contrast: Cars Alliance Auto Leases Germany V 2025-1, Silver Arrow SA Compartment 21