Hadrian Funding 2026-1 plc: 18 September 2026

A UK residential mortgage-backed securitisation originated by Newcastle Building Society, where the Issuer will make payments on the Notes from, among other things, payments of principal and interest received from a portfolio of residential mortgage loans originated by the Seller and secured by first-ranking mortgages over owner-occupied residential properties located in England, Wales and Scotland.

As at the provisional portfolio cut-off date (31 July 2026), the portfolio consisted of 3,695 mortgage loans advanced to 3,439 borrowers, with an aggregate current balance of £554.78 million. The average current loan balance was £150,143. Repayment Type (by current balance): repayment – 92.66%, part and part – 7.13% and interest only – 0.21%. Interest Rate Type (by current balance): fixed rate – 94.37%, floating rate – 2.69%, floating rate for life – 2.62% and discount rate – 0.32%. The WA current LTV was 67.62% (WA original LTV: 76.30%; WA indexed current LTV: 61.89%) and the WA seasoning was 48.14 months. The WA remaining term to maturity was 23.28 years. Regional distribution (by current balance): South East – 13.80%, North West – 11.25%, North East – 11.07%, London – 10.44% and Scotland – 10.14%.

EU & UK Risk Retention: Newcastle Building Society, as originator and retention holder, will retain, on an ongoing basis, a material net economic interest of not less than 5% in the securitisation in accordance with Article 6(1) of Chapter 2 of the PRA Securitisation Rules and Article 6(1) of the EU Securitisation Regulation, as if the latter were applicable to it. The Seller intends to satisfy these requirements by holding an interest in the first-loss tranche through its retention of the Class B Notes, in accordance with Article 6(3)(d) of the respective regulatory frameworks.

US Risk Retention: The Seller does not intend to retain a material net economic interest for the purposes of the US Risk Retention Rules and instead intends to rely on the exemption available under Section 20 of the US Risk Retention Rules for certain non-US securitisation transactions.

STS: The transaction is intended to qualify as a UK STS securitisation, with the Seller intending to submit a UK STS notification to the FCA on the Closing Date. Prime Collateralised Securities (PCS) UK Limited has been appointed as the third-party verification agent. The Notes are not intended to qualify as an EU STS securitisation under Article 18 of the EU Securitisation Regulation.