Grecale ABS S.r.L.

The third RMBS transaction from originator Unipol Banca, following on from deals issued in 2002 & 2003.
Unipol is based in Bologna and the main purpose of the Bank was originally to provide banking services
to the co-operatives that had established the Bank. By 2000 Unipol Banca had completed its changeover
to multi-channel operations with the full implementation of telephone banking, internet banking, trading on
-line and small business services. As of 31 December 2007, the number of Unipol Banca branches was
282, with 35 financial outlets and 409 financial advisers.

The mortgage pool comprises of 11,295 first economic lien mortgage loans, all of which are originated to
11,201 individuals resident in Italy. All loans are performing, are denominated in Euros, and in all cases at
least one installment has been paid. The average outstanding per debtor is Eur94,705 (note that the max
outstanding to any one debtor is Eur2.972mln, equivalent to 0.28% of the pool) . The top 5 borrowers
account for 0.81% of the pool, and the top 10 for 1.20%.

The WA current LTV is 57.23% (original LTV 60.67%) and WA seasoning is 1.62yrs. All loans are paid
via direct debit, of which 98.46% are monthly. Geographical distribution (by outstanding) : Northern Italy
47.88%, Central Italy 27.93%, and Southern Italy 24.19%.

Compare/contrast: Grecale ABS (2003), MARS 2600 S.r.L.(series 2), Siena Mortgages 07-5 S.r.l.
Grecale ABS S.r.L. (2003)MARS 2600 S.r.L (Series 2).