GS Mortgage-Backed Securities Trust 2026-IRPM1 DAC: 07 November 2026

A securitisation of Irish residential mortgage loans originated by Nua Money Limited and sold to the Issuer by Penryn Funding 2024 DAC. The Issuer will make payments on the Notes from, among other things, payments of principal and interest received from a portfolio of first-lien, owner-occupied residential mortgage loans secured over properties located in Ireland.

As at the portfolio cut-off date (31 August 2026), the pool consisted of 1,423 mortgage loans, with an aggregate current balance of €402.56 million. The average current loan balance was €282,898. Mortgage Type (by current balance): owner-occupied – 100.0%, buy-to-let – 0.0%. Interest Rate Type: fixed-rate loans with a compulsory future switch to floating rates – 100.0%. The weighted average current LTV was 70.4% (WA original LTV: 70.5%), and the weighted average seasoning was 0.2 years (approximately 2.4 months). The weighted average interest rate was 4.6%, with a weighted average remaining term to maturity of 25.8 years. First-time buyers accounted for 50.0% of the portfolio. Regional distribution: Dublin – 42.0% and outside Dublin – 58.0%.

EU & UK Risk Retention: Penryn Funding 2024 DAC, 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 of the EU Securitisation Regulation and the UK FCA Securitisation Sourcebook (SECN 5). The retention will be satisfied through a vertical risk retention loan (VRR Loan), with a principal amount equal to at least 5% of 100/95 of the aggregate principal amount of each tranche of Notes sold or transferred to investors on the Closing Date, in accordance with Article 6(3)(a) of the EU Securitisation Regulation and the corresponding UK requirements. Compliance with the UK risk retention requirements is undertaken on a contractual basis.

US Risk Retention: Penryn Funding 2024 DAC, as Sponsor, intends to comply with the US Credit Risk Retention Rules under Section 15G of the Securities Exchange Act of 1934 by retaining at least 5% of the credit risk of the securitised assets. The retention will be satisfied through the VRR Loan, with a principal amount equal to at least 5% of 100/95 of the aggregate principal amount of the Notes, maintained for the requisite regulatory period.

STS: The transaction is intended to qualify as an EU Simple, Transparent and Standardised (STS) securitisation under Articles 18 and 19–22 of the EU Securitisation Regulation. Penryn Funding 2024 DAC, as originator, intends to submit the required STS notification to ESMA and the Central Bank of Ireland on the Closing Date in accordance with Article 27 of the EU Securitisation Regulation.