Pelican Mortgages No. 4 plc

As the transaction’s number suggests, this will be the fourth securitisation of mortgage loans from
Caixa Económica Montepio Geral, the Portuguese credit institution. Montepio is one of Portugal's
largest residential mortgage lenders, with a retail branch network of (at present) 360 branches.

The 12,205 loans comprised in the Mortgage Backed Credits Portfolio (advanced to 9,483 borrowers)
are amortising loans with instalments of both principal and interest due every month. First or First-
and-Consecutive Leins make up 100% of the portfolio, and all loans are performing. Also, each loan
in the mortgage portfolio is at a variable rate of interest indexed to EURIBOR.

The average loan size outstanding per borrower is Eur105,451 and no current balance is higher than
Eur400,000. WA seasoning is 34.2mnths, with a WA current LTV of 86.44% (original LTV 89.85%).
Geographically, Lisboa accounts for 33.21% of the portfolio, Setubal 14.94%, and Porto for 12.53%.

It is the intention that all the Notes of each Class will be purchased from the Lead Manager by
the Originator or another member of the Montepio Group on the closing date and held by the relevant
purchaser.


Compare/contrast: Pelican Mortgage 3, Atlantes Mortgage No. 2 plc, Hipototta No 7 Plc.
Pelican Mortgages No. 3 plcAtlantes Mortgage No. 2 plcHipototta No 7 Plc