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Volta Electricity Receivables Securitisation (VIII: 23 December 2023

A similar transaction to the earlier Volta Electricity Receivables securitisations, where the “assets” are outstanding Portuguese electricity system tariff deficits receivables. The Issuer purchased the receivables from EDP Serviço Universal, which is fully owned by EDP Energias de Portugal SA.

EU & UK Risk Retention: The Assignor (TAGUS – Sociedade de Titularização de Créditos, S.A.) will undertake to retain, as Originator, on an ongoing basis, at least 5% of the Principal Amount Outstanding of each of the Senior Notes, Liquidity Notes and Class R Notes in accordance with (a) Regulation (EU) no. 2017/2402 of the European Parliament and of the Council of 12 December 2017.

US Risk Retention: For purposes of the US Risk Retention Rules, the sponsor has determined that it will acquire the Retained Interest, which will constitute an "eligible vertical interest" or "EVI" under the US Risk Retention Rules.