White Rose Master Issuer PLC: 02 November 2024

A residential mortgage-backed note programme, where the Issuer's primary source of funds to make payments on the Notes will be payments received in respect of a portfolio of first ranking residential Mortgage Loans originated by Yorkshire Building Society and Accord Mortgages Limited, and secured on properties located in England, Wales and Scotland. Each Series and Class of Notes and any Sub-Series of the Class A Notes will be secured by the Mortgage Portfolio.

UK & EU Risk Retention: YBS will retain on an ongoing basis a material net economic interest in the securitisation of not less than 5% of the nominal value of the securitised exposures in accordance with (A) Article 6(1) of the EU Securitisation Regulation and (B) prior to the Regulatory Effective Date, Article 6(1) of the UK Securitisation Regulation. YBS intends to satisfy both the EU Risk Retention Requirements and the UK Risk Retention Requirements through retaining a portion of the YBS Notes in an amount at least equal to 5% of the then aggregate outstanding Current Balance of the Mortgage Portfolio.

STS: YBS, in its capacity as sponsor, may procure a notification to be submitted to the FCA confirming that the UK STS Criteria Requirements have been satisfied with respect to a Series and Class of Notes.

Compare/contrast: Silverstone Master Issuer (RMBS Note Prog)