BPL Mortgages (2008) S.r.l

The second mortgage loan securitisation from the Banco Popolare Soc. Coop group of banks, which
have previously visited the market with two consumer loan securitisations.

The 10, 192 mortgage loans have been originated by three banks, namely Banca Popolare di Novara
(4,030 loans - 41.64% of outstanding principal), Banca Popolare di Verona (3,950 loans – 37.78%),
and Credito Bergamasco (2,212 loans – 20.58%). All of the loans are secured on residential property
in Italy, are governed by Italian law, denominated in euros, and at least one instalment has fallen due
and has been timely paid. Fixed-rate mortgage loans total 4,717 (representing 44.75% of outstanding
principal), with the balance various combinations of floating rates (with caps, switches, mixed options).
The average current balance is Eur103,218 and only 113 loans have a greater current balance than
Eur300,000 (4.67% of outstandings).

The WA current LTV is 56.97% (none are above 80.0%), and WA seasoning is 1.41yrs. Regional
concentration (by outstanding principal): Lombardia 25.64%, Veneto 17.28%, Emilia Romagna 15.98%,
Lazio 12.78%, and Piemonte 12.32%.

Compare/contrast: BPL Mortgages Srl, BPL Consumer 2004, Italfinance RMBS S.r.l
BPL Mortgages S.r.l BPL Consumer 2004 Italfinance RMBS S.r.l