Berica 7 Residential MBS S.r.l

After an absence of 2 1/2yrs, the Berica name returns with a retained transaction where the
principal source of payment of interest and repayment of principal on the notes will be collect-
ions and recoveries made in respect of the claims and rights connected from three portfolios
of performing residential mortgage loans purchased by the issuer from Banca Popolare di
Vicenza S.c.p.A. (“BPVi”), Cariprato-Cassa di Risparmio di Prato S.p.A. (“CRP”) and Banca
Nuova S.p.A.

All three originators are part of the BPVi group, which was originally established in 1866 and
has operated for approximately 130 years in the province of Vicenza and its network has grad-
ually extended to the whole northeast region of Italy. As of 30 June 2008, the Group had 674
sales points (comprised of 634 bank branches, 18 financial shops and 22 private banking
outlets).

The portfolio comprises of 9,264 first economic debt obligations owed to BPVi (6,227 loans),
CRP (978 loans) and BN (2,059 loans), all of which were classified as performing by each rel-
evant originator as of 31 August 2008. All the mortgage loan agreements are governed by Ital-
ian law, had been entirely advanced, and are amortising through monthly repayments. All loans
are denominated in Euros, are at variable rates (the majority referenced to 3m Euribor) and all
have been made to one or more private individuals on residential property located in Italy. The
current average loan size is Eur108,380 with no current loan greater than Eur500,000. There
are 232 loans greater than Eur250,000, representing 7.11% of total outstandings.

The current WA LTV is 61.63% (original LTV 66.67%) and WA seasoning 30mnths. Regional
concentration (by current balances): Northern Italy 69.31%, Southern 17.47%, and Central
13.12%.

Compare/contrast: Berica 6, Adriano Finance S.r.l., Guercino Solutions S.r.l
Berica 6 Residential MBS S.r.l Adriano Finance S.r.l Guercino Solutions S.r.l