IM Grupo Banco Popular Leasing 1, FTdA

Although the securitisation of loans granted to Spanish enterprises is relatively common within
the Spanish market, this is one of the first transactions in Spain in which credit rights derived
from lease agreements have been securitized.

All of the financial lease contracts have been granted to Spanish enterprises and self-employed
individuals by different entities within the Grupo Banco Popular group, namely; Banco Popular
Espanol, Banco de Galicia, Banco de Andalucia, Banco de Castilla, Banco de Vasconia and
Banco de Credito Balear.