Hipototta No 9 Plc

Another securitisation of prime residential loans from originator Banco Santander Totta S.A, this
being the third RMBS transaction of the year from them. By the end of 2007, Santander Totta’s
distribution network in Portugal comprised in total 684 branches, 21business centres and 705
service points, with the commercial banking business is organised into four main business areas:
individuals and self-employed; small and medium size businesses; corporate and institutional cust-
omers; and high net worth individuals.

Each mortgage asset in the portfolio is a first lien mortgage loan secured by a residential property
in Portugal (with the exception of the mortgage loans secured by a first prior mortgage, a second
mortgage and/or a third mortgage over the same property, each in favour of the originator), with
the mortgage loans being fully amortised with monthly or semi-annual instalments.

As at the cut-off date (30 Sept 08) the pool consisted of 27,626 loans with an average principal
of Eur60,577 and a maximum principal size of Eur1mln. Only 23 of the loans have a greater out-
standing principal than Eur500,00, representing just 0.98% of capital. All loans are current, none
are in arrears. The largest debtor (with 2 loans) represents just 0.0672% of outstanding principal,
the top 5 (10 loans) for 0.2989%, and the top 20 for 0.9925%. The majority of the loans are var-
iable rate, indexed mainly to 3m or 6m Euribor (68.40%), with 29.96% at 5yr fixed rates.

The WA LTV is 70.41%, and 1526 loans have an LTV of greater than 95.0% (5.35% of outstand-
ing capital). WA seasoning is 27.46mnths. Regional concentration (by outstanding principal):
Lisboa 28.55%, Porto 17.81%, Setubal 9.99%, and Braga 7.09%.

Compare/contrast: Hipototta 8, Atlantes Mortgage No. 3 plc, Lusitano Mortgages No. 7 plc
Hipototta No 8 Plc Atlantes Mortgage No.3 plc Lusitano Mortgages No.7 plc