Castilla Finance DAC: Notice to Noteholders

Execution of Engagement Letter

Dublin 1 (pta020/21.12.2023/13:33 UTC+1)

NOTICE TO THE HOLDERS OF THE

EUR 240,000,000 Senior Notes due 2024 (ISIN: XS1382379409) and EUR 32,727,273 Mezzanine Notes due 2024 (ISIN: XS2110110090) (together the "Notes")

issued by Castilla Finance DAC (the "Issuer")

We refer to the Terms and Conditions of the Notes and adopt the definitions set out therein.

NOTICE IS HEREBY GIVEN that, acting upon directions contained in Ordinary Resolutions in writing of each Series of Notes dated 9 October 2023, the Issuer executed an engagement letter dated 12 December 2023 with Hipoges Iberia S.L. ("Hipoges") to confirm the terms of services which Hipoges would agree to provide to the Issuer if appointed by the Issuer as a back-up or primary servicer, as well as the terms of certain on-boarding services which will be provided to the Issuer in connection with that. Notice of appointment of Hipoges as the back-up or primary servicer will be given separately if Hipoges is so appointed by the Issuer.

This notice is given by the Issuer and is dated 21 December 2023.

Further Information

For queries relating to the above please contact:

ireland@wilmingtontrust.com

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