Finacity and Santander CIB facilitate EUR 81.5m receivables securitisation

Finacity Corporation (Finacity) a White Oak Global Advisors company, and Santander CIB announce a successfully launched trade receivables securitization renewal for The Vita Group (Vita), a United Kingdom headquartered leading producer of flexible polyurethane foam.

The renewed securitisation program has refinanced Vita’s maturing receivables facility with a EUR 80m senior funding
commitment granted by Santander CIB as the program’s new senior lender. Furthermore, the securitisation program achieved
accounting derecognition per IFRS as a result of an additional EUR 1.5m in junior funding provided by FAM, a Finacity
subsidiary. The 3-year facility is collateralised by receivables originated by Vita entities in the UK, Netherlands, Germany, France, Italy, Poland, Romania, Hungary, Lithuania and Slovakia.

Finacity and its subsidiaries provided analytic and structuring support, and serve as the ongoing transaction administrator,
arranger, junior investor, and control party. Santander CIB serves as the senior funding provider.

Shadi Iskandar, the CFO of The Vita Group, commented: “This securitisation achieves a medium-term stability and optimisation
to our working capital finance while diversifying our funding sources. We are very pleased with the job that Finacity and
Santander have done in arranging this transaction for Vita and we look forward to a strong continued partnership with both
firms.”

About Vita Group
The Vita Group is one of Europe’s leading flexible foam solutions providers headquartered in Manchester England. Built on over
75 years of history, Vita develops, manufactures, and markets a wide range of value-added and differentiated flexible
polyurethane foam, Talalay latex, and flooring products. Vita has five distinct business units – Furniture & Bedding, Finished
Mattress, Mobility, Industrial & Speciality, and Flooring – which cater to customers across a broad set of industries. The
company’s pan-European operating base is well-positioned to serve local, regional, and multi-national customers across Europe
and provide innovative and value-added products and applications worldwide. Since 2018, Vita Group is owned by Strategic
Value Partners.

About Finacity, a White Oak Global Advisors Company
Finacity, a White Oak Global Advisors Company, specializes in the structuring and provision of efficient capital markets
receivables funding programs, back-up servicing, and program administration. Finacity currently facilitates the financing and
administration of an annual receivables volume in excess of US$200bn. With resources in the USA, Europe, Asia, and Latin
America, Finacity conducts business throughout the world with obligors in 210 countries and territories. Finacity is affiliated with White Oak Global Advisors, LLC, a leading alternative debt manager specialising in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises.

About Santander CIB
Banco Santander (SAN SM) is a leading commercial bank, founded in 1857 and headquartered in Spain and one of the largest
banks in the world by market capitalisation. The group’s activities are consolidated into five global businesses: Retail &
Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking (CIB), Wealth Management & Insurance and
Payments (PagoNxt and Cards). Santander Corporate & Investment Banking (Santander CIB) is Santander’s global division that supports corporate and
institutional clients, offering tailored services and value-added wholesale products suited to their complexity and
sophistication, as well as to responsible banking standards that contribute to the progress of society.