Alta Padovana Finance S.r.l

A securitization via joint arrangers BNP Paribas and Finanziaria Internazionale where the principal
source of payment of interest and of repayment of principal on the notes will be the collections and
recoveries made in respect of the portfolio of the receivables arising out of mortgage loan agree-
ments entered into between Banca di Credito Cooperativo dell’Alta Padovana S.c. (BCC Alta
Padovana) and certain obligors.

The originator Banca di Credito Cooperativo dell’Alta is composed of: BCC Alta Padovana; and
APBnet S.r.l., a fully owned company that complements its banking activity. The commercial activities
of the group are carried out through the network of the branches of the bank in the north of the
Province of Padua and in towns close to the provinces of Venice, Treviso and Vicenza as well as
in other nearby towns. The main services offered are: direct and indirect raising of savings;
investments and loans; electronic money services and payment and collection process; and
currency exchange and negotiation.

Eligibility criteria for inclusion in the portfolio (include): all loans are secured by "economic" first rank-
ing; debtors are individuals or società in accomandita semplice or società in nome collettivo; no debt-
ors are public entities or equivalent entities or ecclesiastical entities; all have been granted exclusiv-
ely by BCC Alta Padovana; no instalment past due was unpaid as at the valuation date; the relevant
debtor is resident in Italy.

As at the 6th April 2009 valuation date, the portfolio comprised of 3,805 mortgage loan obligations
owed by 3,670 debtors with all the loan agreements being governed by Italian Law. Individuals
account for 80.45% of the current balances. The average outstanding loan size is Eur119,238 and
in the portfolio there are currently 36 loans with an outstanding balance of Eur500,000 or greater
(representing 8.21% of balances). Some 3.026 loans are at floating rates of interest (representing
82.66% of current outstandings), with the balance on fixed rate deals.

The WA current LTV is 54.76% (original LTV 63.75%) and there are current 204 loans in the 90.00
-100.00% LTV range which represents 6.91% of outstanding principal. The WA seasoning is 2.74yrs.
Regional concentration (by current balances): Veneto 99.74%.

Compare/contrast: Cassa Centrale MBS 2007-1, Claris Finance 2009 S.r.l., Siena Mortgages 09-6 S.r.l
Cassa Centrale MBS 2007-1 Claris Finance 2009 S.r.l Siena Mortgages 09-6 S.r.l