Wilmington Cards 2021-1: 14 March 2021

The receivables are a portfolio of designated credit card accounts (and any other such accounts that may be so designated in future) initially originated by the Transferor in England and Wales and Scotland. MBNA's principal activity is the issue of credit cards in the United Kingdom. MBNA is a directly owned and controlled subsidiary of Lloyds Bank plc.

Significant Investor: On the Closing Date, MBNA Limited intends to purchase 100% of the Class A Notes and 100% of the Class D Notes.

UK Risk Retention: MBNA confirms that it will be the originator of the securitisation and confirms that it will retain a material net economic interest, in accordance with Article 6(3)(b) of the UK Securitisation Regulation, of not less than 5% of the nominal value of the securitised exposures.

US Risk Retention: The transaction is not intended to involve the retention by a sponsor of at least 5% of the credit risk of the securitised assets for purposes of compliance with the U.S. Risk Retention Rules, but rather intends to rely on an exemption provided for in Section 20 of the U.S. Risk Retention Rules regarding non-U.S. transactions.