Lusitano Mortgages No. 7 plc

Another prime RMBS issuance from originator Banco Espírito Santo, S.A. (‘‘BES’’), which originated
earlier Lusitano transactions via the wholly-owned subsidiary Banco International de Credito. As of
31 December 2007, the BES Group operated 757 branches and 56 private and corporate banking
centres and employed 9,481 people worldwide. The BES Group has a particular focus on its home
market in Portugal. It also serves clients in Spain, Brazil, Angola, France, the United Kingdom, the
United States and Macao.

The portfolio consists of 27,423 loans packages into 15,669 mortgages, with all having been originat-
ed within the BES group. The average current balance per loan is Eur69,284 with the largest current
loan being Eur572,283. There are 206 borrowers who’s current balance is greater than Eur300,000
representing 3.99% of current total balances. Some 91.47% of the portfolio (by current balance)
represents loans to primary homes., and all loans are paid monthly.

Regional concentration (by current balances) : Lisboa Vale Do Tejo 42.62%, Norte 25.61%, and
Centro 14.87%. WA seasoning 1.99yrs, and WA current LTV is 88.61% (original LTV 91.31%).

Compare/contrast: Lusitano 6, Hipototta No.8, Magellan Mortgages No. 5 PLC
Lusitano Mortgages No. 6 plc Magellan Mortgages No. 5 plc Hipototta No.8 plc