Atlantes Mortgage No. 2 plc

This will be the second prime RMBS transaction from originator Banif SGPS, S.A., formerly known as
Banif – Banco Internacional do Funchal, S.A., which was established in Funchal, Madeira Islands,
Portugal, in January 1988, and comes 5yrs after the first transaction.. They have also originated two
consumer / mixed lease transactions (Atlantes Finance), with one being outstanding.

The initial Mortgage Asset Portfolio (as at 31 Jan 08) comprises of 6,313 loans with a current outstand-
ing balance of Eur375.004mln. All loans have been granted at floating rates (split evenly between 3m &
6m Euribor), with 71.04% of total loans originated through the branch network.

The average current outstanding balance is Eur59,401, with average weighted seasoning of 22mnths,
and an average weighted current LTV of 71.36%. Some 9.44% of the loans (10.63% of current balance)
have a current LTV of higher than 90.00%. Geographically: Lisbon, 1,865 loans (30.96% of outstandings);
Norte 1,779 loans (27.02% of outstandings), and Centro 1,652 loans (23.70% of outstandings).

The issue has been retained for ECB collateral purposes, hence no Investore Reports will be available at
this stage.

Compare/contrast: Atlantes Mortgage No.1, Hipototta No. 6 plc, IM Cajamar 6
Atlantes Mortgage No. 1 plcHipototta No. 6 plcIM Cajamar 6