Red & Black Auto Lease France 1

Red & Black Auto Lease France 1 represents the issuance of notes collateralised by lease receivable instalments and other receivables while specifically excluding, among others, the residual value component of the lease agreements. The auto lease agreements are characterised as full-service leasing contracts and have been granted by Temsys S.A., whose commercial name is ALD Automotive to commercial lessees operating in France.