Castilla Finance DAC: Notice to Noteholders - Issuer enters into expenses and senior interest reserve side letter

Dublin 1 (pta014/16.07.2025/10:34 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 disruptions affecting the collection of Receivables owned by the Issuer, the Issuer, acting in accordance with written resolutions of the Noteholders, has entered into an expenses and senior interest reserve side letter dated 10 July 2025 with the Trustee and the Cash Manager. This arrangement (which is without prejudice to the provisions relating to amounts reserved for payment of the Trustee Expenses as set out in the Seventh Deed of Amendment and Restatement) is intended to ensure that the Issuer has access to funds to meet its ongoing expenses by applying any Available Receipts exclusively towards the amounts specified in items (1) to 3(x) (inclusive) of the Post-Enforcement Priority of Payments, as detailed in the Seventh Deed of Amendment and Restatement, on each date from 10 July 2025 up to and including 31 December 2025.

This notice is given by the Issuer and is dated 15 July 2025.

Further Information

For queries relating to the above please contact:

ireland@wilmingtontrust.com

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