Bumper BE NV/SA Compartment No.3: 25 September 2026

The securitisation of automotive lease receivables and associated residual value receivables originated by Axus NV (Ayvens Belgium), where the Issuer will make payments on the Notes from, among other things, payments received under a portfolio of vehicle lease agreements and the associated residual value proceeds. The transaction incorporates a revolving period during which additional eligible lease receivables and related residual value receivables may be purchased by the Issuer.

As at the portfolio reference date (31 August 2026), the initial portfolio consisted of 20,697 lease agreements, with an aggregate discounted balance of EUR709.50 million, comprising EUR365.93 million of lease receivables and EUR343.57 million of residual value receivables. The average discounted balance per lease agreement was approximately EUR34,280.

Portfolio Characteristics: The weighted-average lease agreement interest rate was 5.9%, the weighted-average remaining duration was 35.4 months, and the weighted-average seasoning was 18.6 months. The portfolio comprises vehicle lease agreements originated in Belgium, with the securitised assets consisting of contractual lease payments and the associated estimated residual values of the leased vehicles.

EU & UK Risk Retention: Axus NV (Ayvens Belgium), as originator, has undertaken to retain on an ongoing basis a material net economic interest of not less than 5% in accordance with Article 6(1) and Article 6(3)(d) of the EU Securitisation Regulation, Article 7 of the EU Risk Retention RTS and the applicable UK risk retention provisions under SECN 5.2.8R(1)(d). The retained interest will comprise a first-loss position through a subordinated loan advance of EUR159.50 million, representing 22.48% of the nominal value of the securitised exposures as at the Closing Date.

US Risk Retention: The Seller, Axus, acting as sponsor under the US 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 foreign safe harbour exemption for non-US transactions provided under Section 20 of the US Risk Retention Rules. This exemption is subject to certain conditions, including a restriction that no more than 10% of the Class A Notes may be sold or transferred to, or for the account or benefit of, Risk Retention US Persons. Accordingly, the Class A Notes may not be purchased by such persons without the prior written consent of the Arranger and confirmation that the sale falls within the applicable exemption Green Bond Framework: The Class A Notes have been structured with a view to qualifying as green financing instruments under Ayvens' Green Financing Framework and as Secured Green Collateral Bonds under the Green Bond Principles.