Press Release: Fitch Assigns Final Ratings to RESIMAC Bastille Trust - RESIMAC Series 2026-2NC; Outlook Stable

The following is a press release from Fitch Ratings Fitch Ratings-Sydney-06 October 2026 Fitch Ratings has assigned final ratings to RESIMAC Bastille Trust - RESIMAC Series 2026-2NC's mortgage-backed pass-through floating-rate notes. The issuance consists of notes backed by a pool of first-ranking Australian residential conforming and non-conforming full- and low-documentation mortgage loans originated by RESIMAC Limited. The notes were issued by Perpetual Trustee Company Limited in its capacity as trustee of RESIMAC Series 2026-2NC. This is a series-aggregated trust created under a master trust deed.

RESIMAC Bastille Trust - RESIMAC Series 2026-2NC ---A1 AU3FN0115044; Long Term Rating; New Rating; AAAsf; Rating Outlook Stable ---A2 AU3FN0115051; Long Term Rating; New Rating; AAAsf; Rating Outlook Stable ---AB AU3FN0115069; Long Term Rating; New Rating; AAAsf; Rating Outlook Stable ---B AU3FN0115077; Long Term Rating; New Rating; NRsf ---C AU3FN0115085; Long Term Rating; New Rating; NRsf ---D AU3FN0115093; Long Term Rating; New Rating; NRsf ---E AU3FN0115101; Long Term Rating; New Rating; NRsf ---F AU3FN0115119; Long Term Rating; New Rating; NRsf ---G AU3FN0115127; Long Term Rating; New Rating; NRsf Transaction Summary The collateral pool has been refreshed since the assignment of the expected ratings.

3% as of the 29 September 2026 cut-off date. 2% of the pool. 1%. 1%.

5 million or the performing receivable balance. Other structural features include a pre-call retention amount that redirects excess income to pay note principal in reverse sequential order starting from the class F note and a post-call amortisation amount that diverts after-tax excess available income to repay note principal. Low Operational Risk: RESIMAC is a non-bank financial institution with a history dating back to 1985. Fitch has found that the operations of the originator and servicer are comparable with those of other Australian non-bank lenders.

Tight Labour Market Supports Outlook: Portfolio performance is supported by Australia's continued economic growth and tight labour market. 6% in August 2026. 7%, respectively. RATING SENSITIVITIES Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade Transaction performance may be affected by changes in market conditions and the economic environment.

Weakening asset performance is strongly correlated with increasing levels of delinquencies and defaults that could reduce credit enhancement available to the notes. Downgrade Sensitivities Unanticipated increases in the frequency of defaults and loss severity on defaulted receivables could produce loss levels higher than Fitch's base case and are likely to result in a decline in credit enhancement and remaining loss-coverage levels available to the notes. Decreased credit enhancement may make certain note ratings susceptible to negative rating action, depending on the extent of the coverage decline.

Hence, Fitch conducts sensitivity analysis by stressing a transaction's initial base-case assumptions. The rating sensitivity section provides insight into the model-implied sensitivities the transaction faces when assumptions - WAFF or WARR - are modified, while holding others equal. The modelling process uses the modification of default and loss assumptions to reflect asset performance in up and down environments. The results should only be considered as one potential outcome, as the transaction is exposed to multiple dynamic risk factors.

Notes: A1 / A2 / AB Rating: AAAsf / AAAsf / AAAsf 15% increase in WAFF: AAAsf / AAAsf / AA+sf 30% increase in WAFF: AAAsf / AAAsf / AA+sf 15% decrease in WARR: AAAsf / AAAsf / AAAsf 30% decrease in WARR: AAAsf / AAAsf / AA+sf 15% increase in WAFF and 15% decrease in WARR: AAAsf / AAAsf / AA+sf 30% increase in WAFF and 30% decrease in WARR: AAAsf / AA+sf / AA-sf The transaction structure supports an LMI-independent rating for the class A1, A2 and AB notes, as LMI is not required to support the ratings due to the level of credit support provided by the lower notes.

Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade The rated notes are at the highest level on Fitch's scale and cannot be upgraded. As such, upgrade sensitivities are not relevant. USE OF THIRD PARTY DUE DILIGENCE PURSUANT TO SEC RULE 17G -10 Form ABS Due Diligence-15E was not provided to, or reviewed by, Fitch in relation to this rating action.

DATA ADEQUACY As part of its ongoing monitoring, Fitch reviewed a small, targeted sample of the originator's origination files and found the information contained in the reviewed files to be adequately consistent with the originator's policies and practices and the other information provided to the agency about the asset portfolio. Prior to the transaction closing, Fitch sought to receive a third-party assessment conducted on the asset portfolio information, but none was made available for this transaction.

Overall, and together with any assumptions referred to above, Fitch's assessment of the information relied upon for the agency's rating analysis, according to its applicable rating methodologies, indicates that it is adequately reliable. REFERENCES FOR SUBSTANTIALLY MATERIAL SOURCE CITED AS KEY DRIVER OF RATING The principal sources of information used in the analysis are described in the Applicable Criteria. The issuer has informed Fitch that not all relevant underlying information used in the analysis of the rated notes is public.

REPRESENTATIONS, WARRANTIES AND ENFORCEMENT MECHANISMS A description of the transaction's representations, warranties and enforcement mechanisms (RW&Es) that are disclosed in the offering document and which relate to the underlying asset pool is available by clicking the link to the Appendix. The appendix also contains a comparison of these RW&Es to those Fitch considers typical for the asset class as detailed in the Special Report titled 'Representations, Warranties and Enforcement Mechanisms in Global Structured Finance Transactions'. ESG Considerations The highest level of ESG credit relevance is a score of '3', unless otherwise disclosed in this section.

A score of '3' means ESG issues are credit-neutral or have only a minimal credit impact on the entity, either due to their nature or the way in which they are being managed by the entity. Fitch's ESG Relevance Scores are not inputs in the rating process; they are an observation on the relevance and materiality of ESG factors in the rating decision. com Additional information is available on APPLICABLE CRITERIA APAC Residential Mortgage Rating Criteria (pub. 25 May 2026) (including rating assumption sensitivity) Global Structured Finance Rating Criteria (pub.

05 Dec 2025) (including rating assumption sensitivity) RMBS Lenders' Mortgage Insurance Rating Criteria (pub. 29 Jan 2025) Structured Finance and Covered Bonds Counterparty Rating Criteria (pub. 26 Jun 2026) Structured Finance and Covered Bonds Counterparty Rating Criteria Derivative Addendum (pub. 26 Jun 2026) Structured Finance and Covered Bonds Interest Rate Stresses Rating Criteria (pub.

24 Oct 2025) Applicable Model Numbers in parentheses accompanying applicable model(s) contain hyperlinks to criteria providing description of model(s). 1 ( 1 ) Read More On This Topic RESIMAC Bastille Trust - RESIMAC Series 2026-2NC - Representations and Warranties ADDITIONAL DISCLOSURES (MORE TO FOLLOW) Dow Jones Newswires October 06, 2026 23:24 ET (03:24 GMT) The statements in this document shall not be considered as an objective or independent explanation of the matters.

Please note that this document (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and (b) is not subject to any prohibition on dealing ahead of the dissemination or publication of investment research.