Hipototta No 7 Plc

Another securitization transaction of Portuguese residential mortgage loans originated by Banco
Santander Totta S.A, where the assets supporting the notes are prime mortgage loans secured
on residential properties located in Portugal.

At cut-off date 16 Jan, the pool consisted of 43,181 loans, all being fully amortising with monthly
or semi-annual instalments. The average loan size outstanding is Eur53,711 and none of the loans
in the Mortgage Asset Portfolio will be in arrears for a period over 30 days (35 loans, 0.08% of the
pool were actually in arrears). The vast majority of the loans are referenced to Euribor (73.87% to
the 3mnth rate, 25.21% to the 6mnth rate).

Geographically, the pool is well diversified through-out Portugal, but obviously has a high concen-
tration in the Lisbon and Porto regions (26.79% and 19.52% respectively). The weighted average
LTV is 85.03%, and weighted seasoning is 18.5mnths.


Compare/contrast: Hipototta No.6, Atlantes Mortgages 2
Hipototta No. 6 plcAtlantes Mortgage No. 2 plc