Morton Funding 2026-1 PLC: 23 October 2026

A standalone UK consumer loan securitisation originated by Zopa Bank Limited, where the Issuer will make payments on the Notes from, among other things, payments received from a portfolio of unsecured consumer loans originated by the Seller and advanced to individuals resident in England and Wales at the time of origination.

As at the provisional portfolio reference date (31 August 2026), the portfolio consisted of 76,941 receivables with an aggregate outstanding balance of £573.08 million and an original balance of £616.73 million. The average outstanding receivables balance was £7,448.25. The WA contractual APR was 15.07%, the WA remaining term was 48.73 months and the WA original term was 52.69 months. The WA seasoning was 3.96 months. Employment Type (by outstanding balance): employed full-time – 92.31%, self-employed – 5.66% and pensioner – 2.02%. All receivables were collected by direct debit, with no receivables one or more payments in arrears. Regional distribution (by outstanding balance): South East – 16.36%, North West – 14.36%, East of England – 11.11%, Yorkshire and the Humber – 9.74%, West Midlands – 9.65% and East Midlands – 9.41%.

EU & UK Risk Retention: Zopa Bank Limited, as Retention Holder and originator, will retain, on an ongoing basis, a material net economic interest of not less than 5% of the nominal value of the securitised exposures in accordance with the applicable UK Risk Retention Requirements and, on a contractual basis, Article 6 of the EU Securitisation Regulation as if it were applicable to the Retention Holder. As at the Closing Date, such material net economic interest will be achieved by holding randomly selected exposures on the Retention Holder's balance sheet, equivalent to not less than 5% of the nominal value of the securitised exposures, in accordance with
Article 6(3)(c) of the applicable UK requirements and Article 6(3)(c) of the EU Securitisation Regulation.

US Risk Retention: The Retention Holder does not intend to retain at least 5% of the credit risk of the securitised assets for the 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 the exemption provided 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 under the UK Securitisation Framework. The Seller, as originator, intends to submit the relevant notification to the FCA on or about the Closing Date, and in any event within 15 calendar days of the Closing Date. The transaction is not intended to qualify as an EU STS securitisation under the EU Securitisation Regulation.