Orbita Funding 2026-1 plc: 30 June 2026

The sixth standalone transaction via the Orbita name, where again the Issuer will make payments on the Notes from a portfolio comprising of receivables under or in connection with Conditional Sale Contracts and Hire Purchase Contracts (including PCP Contracts) originated by Close Brothers Limited.

The provisional portfolio (as at 31 May 2026) comprises of 111,665 contracts, where the average current outstanding principal balance is £7,621 and the largest is for £73,400. The APR ranges from 4.80% - 30.00%. Distribution by type of Contract (by current balance): Used car – 72.14%, Used LCV 26.21%, others – 1.65%. Distribution by Product: Hire Purchase – 94.74%, PCP – 5.26%. Customer Type: Individual – 86.95%, Corporate – 13.05%. Regional concentration: South East – 13.16%, South West – 10.24%, East of England – 10.05% and North West – 9.29%.

Significant Investor: On the Closing Date, the Seller will subscribe and pay for 100% of the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes, the Class E Notes and the Class F Notes.

UK & EU Risk Retention: The Seller, as "originator" for the purposes of the UK Securitisation Framework, will retain on an ongoing basis a material net economic interest in the securitisation of not less than 5% as required by SECN 5.2.1R, until the Final Redemption Date, by retaining not less than 5% of the nominal value of each of the tranches sold or transferred to investors in accordance with SECN 5.2.8R(1)(a). The Seller will also undertake to retain on an ongoing basis a material net economic interest in the securitisation of not less than 5% as required by Article 6(1) of the EU Securitisation Regulation (as if it were applicable to the Seller, and as in force, interpreted and applied as at the Closing Date only) until the Final Redemption Date.

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, as amended, but rather intends to rely on an exemption provided for in Section 20 of the US Risk Retention Rules regarding non-US transactions.

STS: The Seller, as "originator" for the purposes of the UK Securitisation Framework, will procure that a notification is submitted to the FCA on or about the date of the Prospectus, in accordance with SECN 2.5-2.7, that the Notes meet the requirements of SECN 2.2.

Compare/contrast: Orbita Funding 2023-1 plc, Dowson 2026-1 plc, Satus 2026-1