Cashmere Funding Trust 2026-1: 01 August 2026

AMAL Trustees Limited as trustee of the Cashmere Funding Trust 2026-1 proposes to issue the Class A1-1 Notes, the Class A1-2 Notes, the Class A1-5 Notes, the Class A2-1B Notes, the Class A2-2 Notes, the Class B Notes, the Class C Notes, the Class D Notes, the Class E Notes, the Class F Notes, the Class G Notes, the Class H Notes and the Class M Notes.

The Cashmere Funding Trust 2026-1 involves the securitisation of mortgage loans originated by RAMS Financial Group Pty Ltd, a wholly owned subsidiary of Westpac Banking Corporation.

The Mortgage Loan Pool will consist of fixed and variable-rate residential mortgage loans secured by mortgages on owner occupied and non-owner-occupied residential properties as originated by RAMS and subsequently sold by the Vendor under the terms of the Asset Sale Agreement.

The pool of Mortgage Loans has the following characteristics as of 30 April 2026: Total Number of Mortgage Loans - 50,720, Average Mortgage Loan Balance - A$350,520, Maximum Mortgage Loan Balance - A$6,110,903, Weighted Average Seasoning (in months) – 77.7, Weighted Average Current LVR – 64.7%, Weighted Average Mortgage Rate – 6.1%. Geographical distribution by percentage of loans by current average balance include New South Wales – 44%, Victoria – 29%, Queensland – 17%.

EU & UK Risk Retention: On the Closing Date (29 July 2026) and thereafter on an ongoing basis for so long as any Offered Notes remain outstanding, Pepper will, as an “originator”, retain a material net economic interest of not less than 5%.

US Risk Retention: As of the Closing Date, Pepper intends to satisfy the requirements under Section 15G of the Exchange Act, and the final rules related thereto published on 24 December 2014 in the Federal Register by the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Federal Housing Finance 51 Agency, the SEC and the Department of Housing and Urban Development, by retaining (including through its majority owned affiliate) an economic interest in the credit risk of the assets collateralising the issuance in an amount of no less than 5%.