Adriatico Finance RMBS Srl

This will be the second public securitisation from originator Cassa di Risparmio della Provincia di Teramo S.p.A,
who were seen in December 2000 in the KREOS S.r.l. non-performing loan transaction.

Cassa di Risparmio della Provincia di Teramo S.p.A. (Tercas) was a foundation created in 1939 and is a small,
traditional commercial bank which offers a full range of banking products and services (i.e. mortgage and con-
sumer lending, insurance, leasing, asset management) to retail, private, corporate and institutional customers
through a capillary widespread network comprised of branded branch offices bearing the Tercas name.

At the cut-off date, the pool consists of 3,500 mortgage loans to 3,448 debtors, all of which have been granted
to individuals who were resident in Italy. All have been secured by an “economic” first ranking mortgage, and all
are denominated in Euros. The average outstanding balance is Eur57,453 and no outstanding loan is larger than
Eur350,000. Floating rate loans account for 76.68% of current balance, with fixed to maturity making up the rest.

To be included in the pool, none of the debtors have ever been classified as defaulted and have never received
a notice of withdrawal or termination under the relevant Mortgage Loan Agreements. Additionally, the debtors
have timely and fully paid the first installment. Also, debtors have to have opened an account with Tercas or in
respect of which installments are paid by direct debt (over 50% are monthly paid).

The WA current LTV is 55.46% (original LTV 65.28), with WA seasoning of 30.2mnths

Compare/contrast: KREOS, Asti Finance S.r.l, Siena Mortgages 07-5 S.r.l.
KREOS S.r.l.Siena Mortgages 07-5 S.r.l.(Series 2 )