Pillar Finance DAC: 21 June 2019

A stand-alone issue, where the Issuer will make payments on the Notes in respect of a portfolio of loans (being primarily Non Performing Exposures) denominated in Euro, originated by Eurobank Ergasias S.A. or by banks acquired by the Seller and secured over (in the majority of cases) residential or other real estate properties located in Greece, and the REOCo Bond Loans and receivables (including future receivables) arising in respect of the REOCo Bond Loans (the REOCo Bond Loan Receivables, which includes reference to the REOCo Bond Loans) (and therefore indirectly from amounts received in respect of the sale or utilisation of the REO Properties).

At the closing date the portfolio consisted of 47,373 accounts and 33,477 borrowers. These can be divided into 32,957 stand-alone accounts, 8,512 master accounts and 5,904 shadow accounts. Restructured loans account for 45.4% of balances and denounced loans for 36.4%. The Average Borrower Exposure is Eur59,738 and the Average Loan Size is Eur42,206. The WA current LTV is 1.15% and the WA seasoning is 7.93 years. The top 5% of borrowers account for 23.01% of Gross Book Value.

Significant Investor: Eurobank on the Closing Date purchased 100% of the Class A Notes, 100% of the Class B Notes and 100% of the Class C Notes.

EU Risk Retention: On the Closing Date, Eurobank Ergasias S.A (the Retention Holder) retained, as originator, a material net economic interest of not less than 5% in the securitisation (representing downside risk and economic outlay) as required by the text of Article 6(1) of the Securitisation Regulation. As at the Closing Date, the Retention was comprised by the Retention Holder holding no less than 5% of the nominal value of each Class of Notes sold or transferred to investors on the Closing Date.

US Risk Retention: The Retention Holder, as the sponsor under the U.S. Risk Retention Rules, does not intend to retain at least 5% of the credit risk of the securitised assets for purposes of compliance with the final rules promulgated under Section 15G of the Securities Exchange Act of 1934, but rather relies on an exemption provided for in Section __.20 of the U.S. Risk Retention Rules regarding non-U.S. transactions.

STS: The Notes will not be considered a simple, transparent and standardised securitisation under the Securitisation Regulation.