PSA Finance’s news for investors

(*) The distribution of the Base Prospectus, its Prospectus Supplements and Final Terms may be restricted by law or regulation in certain juridictions. Persons having access to the Base Prospectus, its Prospectus Supplements and Final Terms are required by the Issuer to inform themselves about and to observe any such restrictions. For a further description of certain restrictions on offers and sales of Notes and distribution of the Base Prospectus its Prospectus Supplements and Final Terms , see section "Subscription and Sale" below. This Base Prospectus its Prospectus Supplements and Final Terms do not constitute an offer of, or an invitation by (or on behalf of) the Issuer to subscribe or purchase any of the Notes.

Bond issue with French state guarantee.

(*) The distribution of the Base Prospectus, its Prospectus Supplements and Final Terms may be restricted by law or regulation in certain juridictions. Persons having access to the Base Prospectus, its Prospectus Supplements and Final Terms are required by the Issuer to inform themselves about and to observe any such restrictions. For a further description of certain restrictions on offers and sales of Notes and distribution of the Base Prospectus its Prospectus Supplements and Final Terms , see section "Subscription and Sale" below. This Base Prospectus its Prospectus Supplements and Final Terms do not constitute an offer of, or an invitation by (or on behalf of) the Issuer to subscribe or purchase any of the Notes.

TO COMPLY WITH REGULATION (EU) NO 575/2013 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL OF 26 JUNE 2013 ON PRUDENTIAL REQUIREMENTS FOR CREDIT INSTITUTIONS AND INVESTMENT FIRMS AND AMENDING REGULATION (EU) NO 648/2012 (“CRR”), PSA FINANCIAL SERVICES SPAIN, E.F.C., S.A., AS ORIGINAL LENDER OF THE SECURITISATION ‘AUTO ABS 2012-3, FTA’, STRUCTURED THROUGH THE INCORPORATION OF A SPANISH ASSET SECURITISATION FUND (“FONDO DE TITULIZACIÓN DE ACTIVOS”) DENOMINATED "AUTO ABS 2012-3, FONDO DE TITULIZACIÓN DE ACTIVOS" (THE “FTA”), WHOSE PROSPECTUS WAS REGISTERED BY THE SPANISH SECURITIES MARKET REGULATOR (“COMISIÓN NACIONAL DEL MERCADO DE VALORES”) ON 22 NOVEMBER 2012, HAS INFORMED THE MANAGEMENT COMPANY THAT IT RETAINS AND WILL RETAIN ON AN ONGOING BASIS A MATERIAL NET ECONOMIC INTEREST OF NOT LESS THAN 5% OF THE INITIAL BALANCE OF THE ASSETS POOLED INTO THE FTA THROUGH THE HOLDING OF CLASS B BONDS ISSUED BY THE FTA (I.E. BY APPLYING ONE OF THE MODALITIES PROVIDED FOR IN POINTS (A) TO (E) OF THE SECOND SUBPARAGRAPH OF ARTICLE 405(1) OF CRR), AND THAT IT HAS NOT CARRIED OUT ANY ACT (E.G. CREDIT RISK COVERAGE, SALE, SHORT-SELLING) THAT HAS REDUCED SUCH RETENTION. THIS INFORMATION WILL BE DISCLOSED IN THE MONTHLY INVESTOR’S REPORTS AVAILABLE ON THE WEBSITE OF THE MANAGEMENT COMPANY OF THE FTA, TITULIZACIÓN DE ACTIVOS, SOCIEDAD GESTORA DE FONDOS DE TITULIZACIÓN, S.A. (I.E. WWW.TDA-SGFT.COM).

A LOS EFECTOS DE CUMPLIR CON EL REGLAMENTO (UE) 575/2013, DE 26 DE JUNIO, DE REQUISITOS PRUDENCIALES DE LAS ENTIDADES DE CRÉDITO Y LAS EMPRESAS DE INVERSIÓN, Y POR EL QUE SE MODIFICA EL REGLAMENTO (UE) NÚM. 648/2012 (“CRR”), PSA FINANCIAL SERVICES SPAIN, E.F.C., S.A., COMO ACREEDORA ORIGINAL DE LA TITULIZACIÓN “AUTO ABS 2012-3, FTA”, ESTRUCTURADA A TRAVÉS DE LA CONSTITUCIÓN DE UN FONDO DE TITULIZACIÓN DE ACTIVOS ESPAÑOL DENOMINADO "AUTO ABS 2012-3, FONDO DE TITULIZACIÓN DE ACTIVOS" (EL “FTA”), CUYO FOLLETO FUE REGISTRADO POR LA COMISIÓN NACIONAL DEL MERCADO DE VALORES EL 22 DE NOVIEMBRE DE 2012, HA INFORMADO A LA SOCIEDAD GESTORA QUE RETIENE Y RETENDRÁ DE MANERA CONSTANTE UN INTERÉS ECONÓMICO NETO SIGNIFICATIVO QUE REPRESENTE AL MENOS EL 5% DEL SALDO INICIAL DE LOS DERECHOS DE CRÉDITO CEDIDOS AL FTA A TRAVÉS DE LA TENENCIA DE BONOS CLASE B EMITIDOS POR EL FTA (ESTO ES, APLICANDO UNA DE LAS MODALIDADES PREVISTAS EN LAS LETRAS (A) A (E) DEL ARTÍCULO 405, APARTADO 1, PÁRRAFO SEGUNDO, DE CRR), Y QUE NO HA LLEVADO A CABO NINGUNA ACTUACIÓN (COBERTURA DEL RIESGO DE CRÉDITO, VENTA, TOMA DE POSICIONES CORTAS, ETC.) QUE HAYA MENOSCABADO LA APLICACIÓN DEL CITADO REQUISITO DE RETENCIÓN. ESTA INFORMACION SE PUBLICARÁ EN LOS INFORMES DE INVERSORES MENSUALES QUE ESTARÁN DISPONIBLES EN LA PÁGINA WEB DE LA SOCIEDAD GESTORA DEL FTA, TITULIZACIÓN DE ACTIVOS, SOCIEDAD GESTORA DE FONDOS DE TITULIZACIÓN, S.A. (I.E. WWW.TDA-SGFT.COM).

Investor reports are available on WWW.TDA-SGFT.COM