Castilla Finance DAC: Notice to Noteholders

Dublin 1 (pta015/28.05.2025/10:33 UTC+2)

NOTICE TO THE HOLDERS OF THE

EUR 240,000,000 Senior Notes due 2025 (ISIN: XS1382379409) and
EUR 32,727,273 Mezzanine Notes due 2025 (ISIN: XS2110110090)
(together the "Notes")

issued by Castilla Finance DAC (the "Issuer")

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE NOTES. IF APPLICABLE, ALL DEPOSITORIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUIRED TO EXPEDITE TRANSMISSION HEREOF TO BENEFICIAL OWNERS OF THE NOTES IN A TIMELY MANNER. IF BENEFICIAL OWNERS OF THE NOTES ARE IN ANY DOUBT AS TO THE MATTERS REFERRED TO IN THIS NOTICE, THEY SHOULD CONSULT THEIR STOCKBROKER, LAWYER, ACCOUNTANT OR OTHER PROFESSIONAL ADVISER WITHOUT DELAY.

IF YOU HAVE RECENTLY SOLD OR OTHERWISE TRANSFERRED YOUR ENTIRE HOLDING(S) OF NOTES, YOU SHOULD IMMEDIATELY FORWARD THIS NOTICE TO THE PURCHASER OR TRANSFEREE OR TO THE STOCKBROKER, BANK OR OTHER AGENT THROUGH WHOM THE SALE OR TRANSFER WAS EFFECTED FOR TRANSMISSION TO THE PURCHASER OR TRANSFEREE

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

NOTICE IS HEREBY GIVEN that due to the insolvency of Toro Finance, S.L.U ("Toro") and the related proceedings in Spain involving Toro and the Issuer, the Issuer is currently unable to access funds to pay amounts due in respect of the Notes, including the Redemption Amount due on the Scheduled Maturity Date of 30 May 2025.

This notice is given by the Issuer and is dated 28 May 2025.

Further Information

For queries relating to the above please contact:

ireland@wilmingtontrust.com

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