Mercurio Mortgage Finance 2008-3

This will be the first public securitisation of Italian mortgage loans from Barclays Bank PLC, Italian
branch (the 2008-3 denotes the fact that two deals were launched in 2003. These we have been
informed were private placements).

The portfolio is made up of 36,524 loans, with a current average loan balance of Eur109,582 a
current LTV of 56.12% (original LTV 60.41%) and WA seasoning of 30mnths. Almost 77% of the
loans were granted for purchases, and 6% were for re-mortgages. Over 40% are at fixed rates of
interest, or at the option to fix.

All the mortgages in the pool are denominated in euros; are secured by an "economically" first rank-
ing mortgage; all debtors are resident and domiciled in Italy; there are no undrawn amounts and no
further advances are allowed; no mortgage loan granted was higher than Eur1mln.

Compare/contrast: AYT Goya Hipotecario II, FTdA, 24-7 Finance Srl, Adriatico Finance RMBS Srl
AYT Goya Hipotecario II, FTdA 24-7 Finance Srl Adriatico Finance RMBS Srl