21-November-2025

Issue: VCL Master S.A. Compartment 1

Series 2012-2 Class A Notes

XS0857705353

Pursuant to our appointment as Agent for the above stated issue, please be advised of the following interest rate determination:

Date From: 25-November-2025

Date To: 29-December-2025

Record Date: 26-December-2025

Value Date: 29-December-2025

Benchmark Rate: 1.926%

Margin: 0.55%

Total Rate: 2.476%

Number of Days: 34

Day Count: Actual / 360

Interest Frequency: Monthly

Total Amount Due:

EUR 420,218.47

Interest Per 1K: EUR 2.33844446

Pool Factor: 1

View source version on businesswire.com: https://www.businesswire.com/news/home/20251121981707/en/

Copyright Business Wire 2025