Magellan Mortgages No. 5 PLC

A retained RMBS transaction from originator Banco Comercial Português, S.A, which will be used
(if or when required) at the ECB’s repo window.

Millennium bcp’s (Banco Comercial Português, S.A. together with its subsidiaries) operations are
primarily retail banking, commercial banking, investment banking, private banking and asset manage-
ment. On 31 March 2008, the Group had total assets of Eur87,885 million and total customers' funds
(consisting of amounts due to customers including securities, assets under management and capit-
alization insurance) of Eur63,098 million. Net loans amounted to Eur 67,885 million.

The initial portfolio will consist of 15,750 first ranking residential mortgage loans with an average out-
standing current balance of Eur104,523. Only 108 loans are greater than Eur300,000, representing
2.90% of current outstandings. Over 98.0% of the loans were granted for the purpose of a first
home. By outstanding principal balance 76.98% are amortizing, and 23.02% are interest-only. Retired
account for 0.18% of the pool, and self-employed for 7.25%.

The WA original LTV was 90.72%, with a WA current LTV of 89.58%. WA seasoning is 21 months.
Geographic concentration (by current outstanding): Lisboa 36.5%, Porto 16.87%, and Setubal 11.21%.

Compare/contrast: Magellan Mortgages No. 4 PLC, Atlantes Mortgage No. 2 plc,
Pelican Mortgages No. 4 plc.
Magellan Mortgages No. 4 PLCAtlantes Mortgage No. 2 plcPelican Mortgages No. 4 plc