1. Legal robustness of the Luxembourg structure : Could you confirm whether a formal Luxembourg legal opinion will be delivered at closing, covering in particular: - the enforceability of limited recourse and non-petition clauses, - the effective insolvency remoteness of the ADVANCED compartment, - and the validity of the ring-fencing vis-à-vis both the platform and other compartments?

Yes, a formal Luxembourg legal opinion can be delivered at closing.

The opinion will cover, in particular:

Enforceability of the limited recourse and non-petition clauses, confirming that such provisions are valid and enforceable under Luxembourg law and binding upon investors and counterparties;

Effective insolvency remoteness of the Punta Vista Park Series A compartment, confirming that creditors of other compartments or of the securitisation vehicle generally have no recourse to the assets allocated to the relevant compartment;

Validity and effectiveness of the ring-fencing mechanism, pursuant to the Luxembourg Securitisation Law of 22 March 2004 (as amended), ensuring proper segregation of assets and liabilities between compartments and vis-à-vis the platform.

The legal opinion will be issued by Luxembourg counsel experienced in securitisation matters and will confirm that the structure complies with applicable Luxembourg law and established market practice.