Fenix Finance DAC: 15 August 2026

Fenix Finance DAC will make payments on the Notes and the Issuer Loan from, inter alia, payments of principal and interest received by the Issuer under its interest in the loans advanced by the Loan Seller to each Borrower pursuant to the Facilities Agreement and payments of principal and interest received by the Issuer under its interest under the loan notes issued by the Loan Note Issuers to the Loan Note Seller.

As at the Cut-off Date (31 May 2026) the Property Portfolio is comprised of 8 urban logistics properties situated throughout Germany, Poland, and Spain. The Property Portfolio offers 193,643 sqm of total lettable floor area which is let to 10 tenants at an occupancy level of 99.9% by GLA. The Property Portfolio is geographically located across Germany (26.4% of GLA and 52.6% of total Property Market Value), Spain (9.3% of GLA and 11.6% of total Property MV), and Poland (64.3% of GLA and 35.8% of total Property MV). The Property Portfolio is homogenous in terms of tenure and consists of 8 assets held on Freehold title (i.e., 100% of Property MV).

EU & UK Risk Retention: Natixis Zweigniederlassung Deutschland, as originator, will retain a material net economic interest of not less than five per cent.% in the securitisation in accordance with the text of Article 6 (1) of Regulation (EU) 2017/2402 of the European Parliament and of the Council of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation.

US Risk Retention: Natixis Zweigniederlassung Deutschland will act as the "retaining sponsor” and is expected to acquire, on the Closing Date, a "single vertical security" that is an "eligible vertical interest" in the Issuer.