ECarat DE Lease 2026-1: 27 June 2026

All Receivables purchased by the Issuer have been originated by Stellantis Bank and are sold to the Issuer by Stellantis Bank in its capacity as Seller.

Stellantis Bank (formerly Opel Bank SA German branch) was part of the financial services operations of General Motor Company in Europe. In 2017 GM sold its European automotive business to PSA Group. On 31 October 2017 GM also sold its European financial services operations to PSA. PSA cooperates with a finance partner and has set up an equal joint venture between Banque PSA SA (since renamed Stellantis Financial Services SA) and BNP Paribas Personal Finance SA. The parent company of such joint venture is Stellantis Bank SA. On 2 November 2024, PSA Bank Deutschland GmbH was merged into Stellantis Bank by means of a cross-border merger.

Eligibility criteria (includes): the Seller has collected the first loan instalment as provided for in the related Loan Contract; is payable in EUR by a Borrower that is a resident of Germany and has provided a postal code in Germany; has an actual remaining term of no more than 84 months; was originated in the Federal Republic of Germany in accordance with the Seller's then applicable credit policy.

The preliminary eligible portfolio (as at 9 June 2026) consisted of 55,234 loans where the Average Current Principal Discounted Balance is Eur18,105 and the largest is Eur72,301. Customer Type: private – 72.39%, corp – 27.61%. Vehicle type: new – 71.0%, used – 29.0%. The WA seasoning is 11.46 months. Regional concentration: Nordrhein-Westfalen – 22.02%, Bayern – 21.12%, Baden-Württemberg – 16.77% and Hessen – 8.40%.

EU Risk Retention: The Seller will retain for the life of the securitisation a material net economic interest of not less than 5% with respect to the securitisation in accordance with Article 6(3)(a) of the EU Securitisation Regulation.

US Risk Retention: The issuance of the Notes was not designed to comply with Regulation RR (17 CFR Part 246) implementing the risk retention requirements of Section 15G of the US Securities Exchange Act of 1934.

STS: This transaction has been verified by Prime Collateralised Securities EU SAS to assess compliance of the Notes with the criteria set forth in the CRR regarding STS securitisations.

Compare/contrast: E-Carat DE 2025-2, abc SME Lease Germany (Compartment 11), Silver Arrow SA Compartment 21