Monthly Investor Report 31st January Fastnet Securities 12 DAC

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1 Monthly Investor Report 31st January 2017 Fastnet Securities 12 DAC Tranche Name Identifier Legal Maturity Date Original Tranche Balance Original Rating Current Rating (Fitch/DBRS/Moodys) (Fitch/DBRS/Moodys) Class A XS October ,000, AAA/AAA/AAA AAA/AAA/AAA Class B XS October ,900, AA/AA/Aa1 AA/AA/Aa1 Class C XS October ,100, A+/A(high)/A1 A+/A(high)/A1 Class Z XS October ,200, NR/NR/NR NR/NR/NR Deal Information Report Outline Page Initial Issue Date: 12-Oct Note Summary 2 First Distribution Date: 10-Jan-16 Report Date: 15-Feb Jan Payment Date Information 3 Report Period: Jan-17 i. Available Revenue Receipts Report Frequency: Monthly ii. Revenue Priority of Payments Payment Frequency: Quarterly iii. Available Principle Receipts iv. Principle Priority of Payments v. Transaction Account Balance Interest Period start date: 12-Oct-16 vi. Prepayments Ledger Interest Period end date: 10-Jan-17 vii. Trust Account Balance Number of Days in interest period: 90 viii. Retained Amounts Enhancement 3. Credit 3 i. Determination Date: 06-Jan-17 General Reserve Fund Jan Payment Date 10-Jan-17 ii. Liquidty Reserve Fund Mar Payment Date 10-Mar Collateral Performance 4-8 i. Interpolated rate % Portfolio Characteristics ii. Arrears Profile iii. Moratorium Profile iv. Moratorium Length v. Repayment Type Change vi. Repossessions vii. Term Extensions viii. Split Mortgages ix. Capitalised Interest x. Mortgage Portfolio Analysis Payment Date Information 5. Mar 9 i. Available Revenue Receipts Contact Information ii. Revenue Payments iii. General Reserve Funds iv. Liquidity Reserve Funds Available Principle Receipts v. Contact: Thomas Moloney vi. Principle Payments vii. Amounts Credited to Ledgers Address: Permanent TSB Participant 6. Deal Information 10 56/59 St Stephens Green Dublin 2 7. CRD 2/CRR Compliance 11 Ireland 8. Definitions 11 Phone: (0) i. Constant Redemption Rate Fax: (0) ii. Constant Default Rate iii. Excess Spread PTSBSecuritisations@permanenttsb.ie iv. Bank Accounts v. Average Constant Prepayment Rate Page 1

2 1. Note Summary Tranche Name Identifier Legal Maturity Date Original Tranche Balance Opening Tranche Balance 12- Opening Pool Factor Oct 16 Principal Distribution 10- Jan 17 Cumulative Principal Distribution Closing Tranche Balance 31-Mar 17 Closing Pool Factor Principle Deficiency Ledger Opening Balance 12-Oct 16 Lossess Allocated Cumulative Losses Allocated Total Paid Cumulative Paid Closing Balance 31-Mar 17 Class A XS October ,000, ,000, ,726, ,726, ,273, Arrears Class B XS October ,900, ,900, ,900, Capitalised arrears Class C XS October ,100, ,100, ,100, Class Z XS October ,200, ,200, ,200, Split mortgages ,200, ,200, ,726, ,726, ,473, Losses Tranche Name Index Rate Identifier Index Rate Margin Coupon Interest Calculation Days Accrued Interest Accrued 10- Jan 17 Interest Distributed 10- Jan 17 Unpaid Interest Cumulative Unpaid Interest Class A 3M Euribor % % % Actual / , , Class B 3M Euribor % % % Actual / , , Class C 3M Euribor % % % Actual / , , Class Z Fixed % NA % Actual / , , , , Page 2

3 2. Jan Payment Date Information 10 Jan 17 (i) Available Revenue Receipts (iii) Available Principal Receipts Revenue Funds 3,930, Principal Receipts 13,487, (vi) Prepayments Ledger ERC's 0.00 Liquidity Reserve Fund 0.00 Release from Reserve Funds 0.00 Principal Deficiency Ledger 0.00 Interest receivable on bank accounts 0.00 General Reserve Ledger Residual Amount 0.00 PDL 0.00 Excess of Note proceeds over Initial Consideration 0.00 Prepayments received 0.00 Day 1 buffer 0.00 Less Liquidity Reserve Fund amounts applied for Remaining Revenue Shortfalls 0.00 Payments to Permanent tsb 0.00 Less Principal Deficiency Excess Revenue Amounts 0.00 Total Revenue Receipts 3,930, Less funding of Retention Advances 0.00 Prepayment ledger balance 0.00 Excess of bonds over mortgages - day 1 238, Total Principal Receipts 13,726, Note: Prepayments relate to the additional payments received upon prepayment / early redemption of fixed rate mortgages (ii) Revenue Payments (iv) Principal Priority of Payments Amounts due with respect to the Trustee 0.00 Liquidity Reserve Fund 0.00 (vii) Trust Account Balance - Amounts due with respect to Third Parties 0.00 A1 Note Redemption 13,726, Amounts due with respect to Paying Agent 0.00 A2 Note Redemption 0.00 Amounts due with respect to Mortgage Manager 208, A3 Note Redemption 0.00 Amounts due with respect to management fees 0.00 Z Note Redemption 0.00 Opening Balance 1,295, Annual Issuer Fee 0.00 Deferred Consideration 0.00 Closing Balance 1,457, A1 Note Interest 163, A2 Note Interest 53, Total Principal Distributed 13,726, A3 Note Interest 89, Z note tranche - interest 7, (v) Transaction Account Balance - PDL 0.00 Sub loan interest 0.00 Amounts due with respect to Reserve Fund 0.00 (viii) Retained Amounts - Amounts due with respect to Subordinated Loan Facility 3,406, Opening Balance 16,371, Cash In 5,265, Interest payable to the Subordinated Loan Provider 3,930, Cash Out - 17,656, Closing Balance 3,979, Undrawn Amounts 730, Credit Enhancement (i) General Reserve Fund - Current period (ii) Liquidity Reserve Fund - Current period Initial Reserve Fund 1,555, Initial Reserve Fund 12,500, % of Original mortgage Balance 2.50% % of Original A Note Balance 2.50% Reserve Fund Floor 1,555, Reserve Fund Floor 12,500, Reserve Fund Required Amount 1,555, Reserve Fund Required Amount 12,500, Beginning Reserve Amount 1,555, Beginning Reserve Amount 12,500, Additions to this period 0.00 Additions to this period 0.00 Releases from this period 0.00 Releases from this period 0.00 Reserve Fund Drawing this period 0.00 Reserve Fund Drawing this period 0.00 Ending Reserve Amount 1,555, Ending Reserve Amount 12,500, % of Current Mortgage Balance 2.6% % of Current A Note Balance 2.57% Page 3

4 4. Collateral Performance (i) Portfolio Characteristics Last Period Issue Date Collateral Reporting Period Start Date: 01 December January October 2016 Collateral Reporting Period End Date: 31 December January 2017 n/a Pool Balance (inc. prefunding): 548,473, ,411, ,961, Number of Loans: 5,457 5,440 5,505 Last Period Since Issuance Number of Loans Balance Number of Loans Balance Number of Loans Balance Opening Balance 5, ,961, , ,473, , ,961, Repayments - 7,916, ,497, ,414, Redemptions 47-5,476, ,589, ,066, Loans Repurchased 1-93, , Retention Advances , , Closing Balance 5, ,473, , ,411, , ,411, Note: Closing no of loans is calculated as; Opening balance - Redemptions - Loans repurchased Last Period At Issuance Constant Redemption Rate (CRR %) 4.50% 3.44% * Period Redemption Rate (%) 0.38% 0.29% * Constant Default Rate (CDR %) 0.00% 0.00% Period Default Rate (%) 0.00% 0.00% Excess Spread (%) 0.62% 0.00% Excess Spread (Amount) 3,406, Annualised Excess Spread (%) 2.48% 0.00% Borrower's Weighted Average LTV (%) 53.43% 53.75% 53.84% % Fixed Rate 8.20% 7.88% 9.32% Weighted Average Current Seasoning (mths) Weighted Average Remaining Term to Maturity (mths) Weighted Average Reversion Margin (%) 0.37% 0.32% ** Minimum Interest Rate (%) 0.45% 0.45% 0.45% Maximum Interest Rate (%) 8.75% 8.75% 8.75% Weighted Average Mortgage Interest Rate (%) (a) % % % Euribor (b) % % % Servicing & Cash Management Fee (c) % % % `` WA Note Margin/Coupon (d) % % % Reserve Fund Release (e) % % n/a PDL (f) % % n/a WA Net Margin (a-b-c-d+e-f) % % % Page 4

5 4. Collateral Performance (continued) (ii) Arrears Profile No. of Loans B/F Balance B/F % of Balance B/F No. of Loans IN Balance IN No. of Loans OUT Balance OUT No. of Redemptions Balance of No. of Loans C/F Balance C/F % of Balance C/F Current 5, ,598, % 1 148, , ,589, , ,262, % Days 7 874, % 3 427, , ,031, % Days % 1 117, , % Days % % Days % % Days % % Days % % 360+ Days % % In Repossession % % Total 5, ,473, % 5 693, , ,589,350 5, ,411, % (iii) Moratorium Profile (iv) Moratorium Length Last Period No. of Loans Balance % of Balance No. of Loans Balance % of Balance No. of Loans Balance % of Balance Current 8 1,230, % 16 1,916, % 1 to 3 months 10 1,151, % Days % % 4 to 6 months 5 609, % (v) Repayment Type Change Days % % 7 to 9 months % Days % % 10 to 12 months 1 155, % Days % % 13 to 18 months % No. of Loans Balance % of Balance Days % % 19 to 24 months % P&I to IO % Days % % Over 24 months % IO to P&I % 360+ Days % % Total 16 1,916, % Total 0 0 0% In Repossession % % ***Note: Moratoriums Capital Hols ***Note: The table relates to product type changes the period include Payment above in Total 8 1,230, % 16 1,916, % ***Note: Length relates to moratorium term provided and not remaining moratorium term (vi) Repossessed Properties (vii) Term Extensions Last Period Last Period Since Issuance No. of Loans Balance % of Balance No. of Loans Balance % of Balance % % 1-2 Months Brought Forward Months % % Repossessed Months % % Sold Months % % Carried Forward Months % % 6-12 Months % % Balance of Sold Repossessions Years % % Total Principal Lossess Years % % WA Loss Severity 0.00% 0.00% 0.00% 3-4 Years % % 4-5 Years % % Principal Recoveries Over 5 Years % % Total 0 0 0% 0 0 0% Total Net Lossess as % of Original 0.00% 0.00% 0.00% ***Note: Term extensions since securitised Pool Balance extensions relate to granted loans were (viii) Split Mortgages (ix) Capitalised Arrears Last Period Last Period No. of Loans Balance No. of Loans Balance No. of Loans Balance No. of Loans Balance Current Current Days Days Days Days Days Days Days Days Days Days Days Days Days Days In Repossession In Repossession Total Total Page 5

6 4. Collateral Performance (continued) (x) Mortgage Portfolio Analysis At Issuance No. of Loans % of Number Balance % of Balance No. of Loans % of Number Balance % of Balance Regional Distributions Dublin 1, % 194,397, % 1, % 201,685, % Rest of Leinster 1, % 160,715, % 1, % 165,623, % Munster 1, % 126,455, % 1, % 130,144, % Connaught % 40,711, % % 41,848, % Ulster % 22,131, % % 22,659, % Property Type Apartment % 32,588, % % 33,635, % Bungalow % 59,075, % % 61,010, % Detached House 1, % 160,507, % 1, % 165,911, % Semi-Detached 1, % 185,011, % 1, % 190,419, % Terraced 1, % 107,228, % 1, % 110,983, % Other % % % % Repayment Type Principal and Interest 5, % 530,887, % 5, % 547,597, % Interest Only % 13,524, % % 14,363, % Loan Purpose Purchase 3, % 414,032, % 3, % 428,015, % Refinance 1, % 130,379, % 1, % 133,945, % Occupancy Status Home Loan 5, % 544,411, % 5, % 561,961, % Residential Investment Property % % % % Page 6

7 4. Collateral Performance (continued) (x) Mortgage Portfolio Analysis (continued) At Issuance No. of Loans % of Number Balance % of Balance No. of Loans % of Number Balance % of Balance Current LTV Ratio Up to 10% % 10,824, % % 10,607, % Over 10% - 20% % 34,080, % % 34,046, % Over 20% - 30% % 59,878, % % 60,380, % Over 30% - 40% % 75,553, % % 77,293, % Over 40% - 50% % 72,414, % % 74,461, % Over 50% - 60% % 61,798, % % 64,482, % Over 60% - 70% % 66,074, % % 69,034, % Over 70% - 80% % 77,090, % % 81,513, % Over 80% - 90% % 76,867, % % 82,666, % Over 90% - 95% % 1,978, % % 2,858, % Over 95% % 7,849, % % 4,616, % Loan Seasoning in Months % 10,821, % % 73,409, % % 75,289, % % 27,342, % % 26,545, % % 27,180, % % 25,393, % % 22,939, % % 14,293, % % 14,339, % % 13,810, % % 8,127, % % 1,315, % % % % 156, % % 158, % % 376,786, % 4, % 388,463, % Mortgage Size at Origination , % 12,797, % % 13,328, % 50, , % 56,653, % 1, % 59,156, % 100, , % 226,192, % 2, % 233,017, % 200, , % 155,313, % % 159,518, % 300, , % 52,956, % % 55,045, % 400, , % 21,095, % % 21,736, % 500, , % 5,659, % % 6,204, % 600, , % 2,313, % % 2,362, % 700, , % 6,237, % % 6,357, % 800, , % 1,403, % % 1,419, % 900, % 3,789, % % 3,813, % Page 7

8 4. Collateral Performance (continued) (x) Mortgage Portfolio Analysis (continued) At Issuance No. of Loans % of Number Balance % of Balance No. of Loans % of Number Balance % of Balance Borrower Status Self - Employed % 78,105, % % 80,750, % PAYE / Director 4, % 465,409, % 4, % 480,261, % Not Employed % 896, % % 949, % Primary Borrower Profile at Origination Self - Certification % % % % CCJ's / Previous Bankruptcy % % % % Current Rate Type Original Rate Type Interest Payment Type No. of Loans % of Number Balance % of Balance WA Interest Rate No. of Loans % of Number Balance % of Balance WA Interest Rate Fixed % 42,917, % 4.25% % 52,371, % 4.16% ECB Tracker % 220,433, % 1.22% 1, % 225,884, % 1.23% Variable % 281,061, % 4.11% 3, % 283,704, % 4.09% Page 8

9 5. Mar Payment Date Information 10 Mar 17 (i) Available Revenue Receipts (iv) Liquidity Reserve Funds Revenue Funds 0.00 Reserve Fund Required Amount 12,156, ERC's 0.00 Reserve Fund Current Amount 12,500, Release from Reserve Funds 0.00 Interest receivable on bank accounts 0.00 PDL 0.00 Day 1 buffer 0.00 (v) Available Principal Receipts Total Revenue Receipts 0.00 (ii) Revenue Payments Principal Receipts 0.00 Amounts due with respect to the Trustee 0.00 Liquidity Reserve Fund Release 0.00 Issuer Profit Amount 0.00 Principal Deficiency Ledger 0.00 Amounts due with respect to Third Administrator, Parties Cash 0.00 General Reserve Ledger Residual Amount 0.00 Manager, etc Excess of Note proceeds over Initial Consideration 0.00 A Note Interest 0.00 Less Liquidity Reserve Fund amounts applied for Remaining Revenue Shortfalls 0.00 B Note Interest 0.00 Less Principal Deficiency Excess Revenue Amounts 0.00 C Note Interest 0.00 Less funding of Retention Advances Excess of bonds over mortgages - day Class A Principal Deficiency Ledger 0.00 Liquidity Reserve Fund 0.00 Total Principal Receipts 0.00 Class Z Principal Deficiency Ledger to 10 per cent General Reserve Fund 0.00 Class Z Principal Deficiency Ledger to zero 0.00 Z Note Interest 0.00 (vi) Principal Payment Sub loans interest 0.00 Amounts due with respect to Sub Loan Principal 0.00 Deferred Consideration 0.00 Class Opening Balance Available Funds Principal Payment Closing Balance Pool Factor PDL Balance Total Revenue Distributed 0.00 A Note 434,248, ,248, B Note 30,900, ,900, C Note 21,100, ,100, Z Note 62,200, ,200, (iii) General Reserve Funds Total 548,448, ,448, Reserve Fund Required Amount 1,555, Reserve Fund Current Amount 1,555, (vii) Amounts Credited to Ledgers General Reserve Ledger 0.00 Liqudity Reserve Ledger 0.00 Total 0.00 Page 9

10 6. Deal Participant Information Primary Servicer Permanent tsb plc Address: 56/59 St. Stephens Green Dublin 2 Administrator Ireland Permanent tsb plc Address: 56/59 St. Stephens Green Dublin 2 Ireland Paying Agent Elavon Financial Services DAC, UK Branch Address: Fifth Floor, Back-up Cash Manager Deutsche Bank AG, London 125 Old Broad Street, Address: Deutsche Bank AG, London Branch London EC2N 1AR, Winchester House Trustee Deutsche Trustee Company Limited Address: Winchester House United Kingdom 1 Great Winchester Street 1 Great Winchester Street London London EC2N 2DB EC2N 2DB United Kingdom United Kingdom Corporate Services Provider Deutsche International Corporate Services Limited Address: 6th Floor Joint Lead Manager Citigroup Global Markets Limited Pinnacle 2 Address: Citigroup Centre Eastpoint Business Park Canada Square EC2N 2DB Canary Wharf Dublin 3 London E14 5LB United Kingdom Joint Lead Manager Deutsche Bank AG, London Back-up Administrator Homeloan Management Ltd Address: Deutsche Bank AG, London Branch Address: The Pavilions, Bridgwater Winchester House Road, Bristol BS13 8AE, 1 Great Winchester Street United Kingdom London EC2N 2DB United Kingdom Joint Lead Manager Morgan Stanley & Co International plc Address: 25 Cabot Square Account Bank US Bank Global Corporate Trust Services Canary Wharf Address: Fifth Floor London E14 4QA 125 Broad Street United Kingdom London EC2N 1AR Page 10

11 7. CRD 2/CRR Compliance Permanent TSB plc confirms that it retains a material net economic interest of at least 5 per cent. in accordance with Article 122(a) of Directive 2006/48/EC (as amended by Directive 2009/111/EC) or from 1 January 2014, Articles 404 to 410 of Regulation (EU) No. 575/2013. Such interest, as at the Closing Date, comprised and, as at the date of this Investor Report, comprises of an interest in the first loss tranche, (in this case by Permanent TSB plc holding all of the Class Z Notes), as required by Article 122(a). 8. Definitions (i) Constant Redemption Rate The percentage of outstanding mortgage loan principal that redeems in one year, based on the annualisation of the Period Redemption Rate, which reflects the outstanding mortgage loan principal that redeems in one month. CRR = 1 - [(Closing Pool Balance - Stage Payments) / (Closing Pool Balance - Further Advances + Redemptions)]^n* PRR = 1 - [(Closing Pool Balance - Stage Payments) / (Closing Pool Balance - Further Advances + Redemptions)] (ii) Constant Default Rate The percentage of outstanding mortgage loan principal that defaults in one year. CDR = 1 - [(1 - Repossessions In) / (Opening Pool Balance - Balance in Repossessions)]^n* PDR = 1 - [(1 - Repossessions In) / (Opening Pool Balance - Balance in Repossessions)] (iii) Excess Spread Total interest revenue remaining after the distribution of priority payments up to and including payment of the lowest rated note class principal defiency ledger amounts. Excess Spread Amount = Available Revenue Funds - Revenue Distributed Excess Spread (%) = Available Revenue Funds - Revenue Distributed / Closing Pool Balance Annualised Excess Spread (%) = (Available Revenue Funds - Revenue Distributed / Closing Pool Balance)^n* * 'n' represents number of reporting periods in a year i.e. 12 for monthly reporting and 4 for quarterly reporting (iv) Bank Accounts The Bank Accounts represent the Trust Accounts, the Transaction Account and any additional Account. The Issuer s Accounts represent the Transaction Account and any Additional Account. Each Issuer Account shall at all times be maintained with an account bank which: (i) has a long term rating of at least A by Standard & Poor's and a long term issuer default rating of at least A- by Fitch and (ii) a short term rating of at least A-1 by Standard & Poor's and a short term issuer default rating of at least F2 by Fitch; or, in each case, such other credit rating as would not adversely affect the then current rating of the Rated Notes. (v) Average Constant Prepayment Rate Avg CPR speed is the amount expressed as an annualised percentage of principal prepaid in excess of scheduled repayments. The Avg CPR speed is calculated by first dividing the Current Residential Mortgage Loan Principal Balance (i.e. the actual balance) by the Scheduled Residential Mortgage Loan Principal Balance assuming no pre-payments have been made (i.e. only scheduled repayments have been made). This quotient is then raised to a power whereby the exponent is the quantity twelve divided by the number of months since issue. Subtract this result from one then multiply it by one hundred (100) to determine the Avg CPR speed. This calculation is expressed as follows: Page 11

Monthly Investor Report 31 October Fastnet Securities 5 Limited

Monthly Investor Report 31 October 2018 Fastnet Securities 5 Limited Tranche Name Identifier Legal Maturity Date Original Tranche Balance Restructured Tranche Balance Original Rating Current Rating (S&P/Moodys)