Anchor ABS 2026-1 PLC: 27 October 2026

The first public securitisation of unsecured consumer loans originated by Admiral Financial Services Limited (AFSL), trading as Admiral Money, where the Issuer will make payments on the Notes from, among other things, payments of principal and interest received from a static portfolio of unsecured consumer loans originated by the Seller and advanced to individual’s resident in England, Wales or Scotland. As at the provisional portfolio reference date (31 August 2026), the pool consisted of 47,361 unsecured consumer loans, with an aggregate outstanding receivables balance of GBP553.96 million and an original balance of GBP616.56 million. The average current loan balance was GBP11,697.

Portfolio Characteristics: The weighted-average contractual interest rate was 12.0%, the weighted-average original term was 59.64 months, the weighted-average remaining term was 53.54 months, and the weighted-average seasoning was 6.1 months. The weighted-average Equifax Navigator Score was 483. All loans were repayable by direct debit (100%), with 0.0% of receivables one month or more in arrears. The underlying receivables comprise unsecured consumer loans regulated under the Consumer Credit Act 1974, with original loan terms not exceeding 96 months and original balances of no more than GBP40,000.

EU & UK Risk Retention: Admiral Financial Services Limited, as Retention Holder, 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 SECN 5 of the UK securitisation framework and, on a contractual basis, Article 6(1) of the EU Securitisation Regulation. The retained interest will comprise 5% of each Class of Notes, other than the Class F, Class Z and Class X Notes, of which the Retention Holder will retain 100%.

US Risk Retention: The Seller, acting as sponsor under the US Credit Risk Retention Rules, does not intend to retain at least 5% of the credit risk of the securitised assets for the purposes of complying with Section 15G of the US Securities Exchange Act of 1934. Instead, the Seller intends to rely on the exemption available under Section 20 of the US Credit Risk Retention Rules for non-US transactions. Accordingly, the Notes may not be purchased by, or for the account or benefit of, any Risk Retention US Person, except with the prior written consent of the Seller and where the sale falls within the applicable exemption.

UK STS: The transaction is intended to qualify as a Simple, Transparent and Standardised (STS) securitisation under the UK securitisation framework. It is not intended to qualify as an EU STS securitisation.