Grecale ABS S.r.L

The fourth Grecale transaction (all previous offering circulars available on EuroABS) from
originator UGF Banca S.p.A (on 23 February 2009 the Bank changed its company’s name
from Unipol Banca S.p.A. to UGF Banca S.p.A).

The portfolio comprises of debt obligations arising under secured loans advanced to private
individuals. Criteria for inclusion in the portfolio include: denominated in euros; are performing;
are entered into with borrowers resident in Italy at the cut-off Date and are secured over real
estate assets located in Italy; at least one instalment of each loan had been paid.

The pool consists of 6,198 loans advanced to 6,175 borrowers. The average loan balance is
Eur98,604. Overall, there are 278 loans in the pool of greater than Eur190,000 representing
16.949% of current balances. There are 3,773 fixed rate loans (63.64% of current balances)
and 2,425 variable loans (36.357% of current balances).

The WA current LTV is 56.04% (original LTV 58.99%) and WA Seasoning is 15.31mnths.
Regional concentration (by current balances): Emilia-Romagna 20.81%, Lombardia 14.26%,
Lazio 14.20%, and Toscana 14.04%.

Compare/contrast: Grecale ABS S.r.l (2008), Siena Mortgages 09-6 S.r.l
Grecale ABS S.r.L. (2008) Siena Mortgages 09-6 S.r.l