UBI FINANCE CB 2 COVERED BOND - INVESTOR REPORT Report 28/02/2013 Counterparties Issuer Sellers Guarantor Servicer Calculation Agent Liability Swap Provider Asset Swap Provider: Italian Account Provider Luxembourg Account Provider Banco di Brescia S.p.A., Banca Regionale Europea S.p.A., Banca Popolare di Bergamo S.p.A, Banca Popolare di Ancona S.p.A., Banco di San Giorgio S.p.A., UBI Banca Private Investment S.p.A. (*), Banca di Valle Camonica S.p.A., Banca Carime S.p.A. and Banca Popolare Commercio e Industria S.p.A, Unione di Banche Italiane S.c.p.a (*) UBI Finance CB 2 S.r.l. n.a n.a. UBI Banca International S.A. (*) At the date of this report both Ubi Banca Private Investment and Unione di Banche Italiane have signed the Master Purchase Agreement, but haven't sold any loans yet Series Coupon first 9.870.100,00 second 3.386.250,00 Nominal Value Test A= 2.537.625.997,17 Adjusted Outstanding Principal Balance B= 326.679.763,70 Principal Account plus Top-Up Assets C= 0,00 Adjusted Outstanding Principal Balace of other eligible assets Y - Potential Set-off Amount W - Commingling Amount Z= 207.470.136,99 The weighted average remaining maturity of all Covered Bonds (expressed in years) then outstanding multiplied by the Euro Equivalent of the aggregate Principal Amount Outstanding of the Covered Bonds multiplied by the Negative Carry Factor F= 2.300.000.000,00 Principal Amount Outstanding of all Series of Covered Bonds Total A*P+B+C-Y-W-Z>=F Pass Pass / Fail P= Asset Percentage 100,00% Amount of Credit Support 356.835.623,88 Result of the overcollateralisation in the Nominal Value Test 1
NPV Test NPV Cover Pool = A + B 2.591.863.370,72 A 2.591.863.370,72 B NPV Assets plus Top Up Asset NPV Asset Swap and Liability Swap NPV Cover Bond 2.490.049.702,33 TEST NPV Cover Pool > NPV Cover Bond Pass Pass / Fail Interest Cover Test A= 10.719.879,06 B= C= 53.154.088,44 D= 53.232.274,42 E= 2.420.316,67 F= Interest on Interest Account Asset Swap Differential Interest due in the next 12 months Interest Payments due under all outstanding Series of Covered Bonds Senior Liabilities Payments due by the Guarantor under any Swap Agreement A+B+C>=D+E+F Pass Pass/ Fail Top Up Asset Test Top-up Assets - Collections 337.399.642,76 Recoveries - Other - TOTAL Top-up Assets Seller 1 337.399.642,76 Are the Total Top-up Assets Seller 1 >15% NO If Yes, Excess Top-up Amount of Seller 1 ( Amount to be Transferred to Guarantor in the next Calculation Period if not cured via repayment of Term Loan) 2
UBI Finance Accounts at 28/02/2013 (opened with Luxembourg Account Bank) PrincipalAccount 320.890.927,83 Interest Account 4.033.531,73 Reserve fund 5.661.763,86 Total 330.586.223,42 Credit Ratings at 28/02/2013 Short Term Short Term Short Term Long Term Long Term Long Term (Moody's) (S&P) (Fitch) (Moody's) (S&P) (Fitch) UBI Banca P-2 A-2 F2 Baa2 BBB BBB+ UBI Banca Event of Default NO NO NO NO NO NO UBI Finance Srl Event of Default NO NO NO NO NO NO 3
Pool assets Analysis Provisional Pool Summary EUR Aggregate current Principal Outstanding Balance 2.689.923.801,55 Aggregate original Principal Outstanding Balance 4.317.842.779,10 Average current Principal Outstanding Balance 122.341,54 Average original Principal Outstanding Balance 196.381,62 Maximum current Principal Outstanding Balance 15.690.999,17 Maximum original Principal Outstanding Balance 38.000.000,00 Total number of Loans 21.987 Weighted average seasoning (months) 61,14 Weighted average remaining maturity (months) 140,49 Weighted average original term (months) 201,63 Weighted average Current LTV (%) - indexed 45,94% Weighted average Original LTV (%) 58,43% Weighted average interest rate (%) 2,18% % of Floating Rate Assets (By Loans) 81,31% % of Fixed Rate Assets (By Loans) 18,69% Collateral Currency EUR Current Loan Amount / Current Market Value (indexed) Number of Loans % Current Balance % 0% - 20% 8.166 37,14% 553.236.686,36 20,57% 20% - 30% 3.880 17,65% 468.331.925,18 17,41% 30% - 40% 3.639 16,55% 554.112.173,64 20,60% 40% - 50% 3.158 14,36% 529.711.532,60 19,69% 50% - 60% 2.023 9,20% 363.631.655,66 13,52% 60% - 70% 740 3,37% 123.402.545,23 4,59% 70% - 80% 324 1,47% 50.661.960,67 1,88% >80% 57 0,26% 46.835.322,21 1,74% 4
Outstanding Loan Amount Number of Loans % Current Balance % 0-37,500 6.981 31,75% 129.793.649,60 4,83% 37,501-75,000 5.633 25,62% 310.788.926,02 11,55% 75,001-100,000 2.788 12,68% 241.857.770,28 8,99% 100,001-150,000 3.210 14,60% 392.296.832,14 14,58% 150,001-200,000 1.079 4,91% 185.749.508,74 6,91% 200,001-250,000 629 2,86% 140.266.331,76 5,21% 250,001-500,000 949 4,32% 327.313.584,95 12,17% > 500,000 718 3,27% 961.857.198,06 35,76% Interest Type Number of Loans % Current Balance % Fixed rate 4.109 18,69% 412.607.942,88 15,34% Floating rate 17.878 81,31% 2.277.315.858,67 84,66% Originator Number of Loans % Current Balance % Banca Carime 2.944 13,39% 280.920.177,43 10,44% Banca della Valle Camonica 612 2,78% 87.465.000,22 3,25% Banco di Brescia 3852 17,52% 560.297.568,64 20,83% Banca Pop. Comm. e Industria 2553 11,61% 288.821.594,58 10,74% Banca Pop. di Ancona 3.703 16,84% 462.612.552,80 17,20% Banca Regionale Europea 3.710 16,87% 503.396.089,43 18,71% Banca Pop. di Bergamo 4.613 20,98% 506.410.818,45 18,83% Maturity Date Number of Loans % Current Balance % 2009-2012 6 0,03% 621.104,08 0,02% 2013-2017 5.914 26,90% 302.294.684,00 11,24% 2018-2022 6.508 29,60% 854.257.322,21 31,76% 2023-2027 5.443 24,76% 832.701.166,26 30,96% 2028-2032 2.294 10,43% 423.269.505,17 15,74% 2033-2037 1.019 4,63% 146.663.110,98 5,45% 2038-2042 788 3,58% 127.057.867,66 4,72% 2043-2047 8 0,04% 1.652.118,28 0,06% > 2047 7 0,03% 1.406.922,91 0,05% 5
Original Loan Amount / Original Market Value (*) Number of Loans % Current Balance % 0% - 20% 2.640 12,01% 277.393.287,24 10,31% 20% - 30% 2.649 12,05% 278.749.537,18 10,36% 30% - 40% 3.144 14,30% 364.351.601,02 13,55% 40% - 50% 3.598 16,36% 517.874.736,31 19,25% 50% - 60% 3.217 14,63% 457.535.799,67 17,01% 60% - 70% 2.471 11,24% 353.731.542,13 13,15% 70% - 80% 1.830 8,32% 229.769.017,09 8,54% > 80% 2.438 11,09% 210.518.280,91 7,83% (*) It refers to the LTV at the time of granting of the loan Seasoning (months) Number of Loans % Current Balance % 0-12 0 0,00% 0,00 0,00% 12-24 898 4,08% 204.286.562,61 7,59% 24-48 4.971 22,61% 939.755.019,32 34,94% 48-72 4.223 19,21% 708.981.824,01 26,36% 72-96 4.288 19,50% 455.492.603,05 16,93% 96-170 7.063 32,12% 373.761.041,46 13,89% > 170 544 2,47% 7.646.751,10 0,28% Payment Number of Loans % Current Balance % Monthly 18.028 81,99% 1.951.218.701,47 72,54% Quarterly 705 3,21% 264.983.733,77 9,85% Semi-Annual 2.961 13,47% 456.577.913,33 16,97% Annual 43 0,20% 3.238.895,51 0,12% Monthly with final maxi instalments 250,00 1,14% 13.904.557,47 0,52% 6
Geographical Distribution Number of Loans % Current Balance % Piemonte 2.444 11,12% 318.662.637,79 11,85% Valle D'Aosta 15 0,07% 3.730.685,58 0,14% Lombardia 9.790 44,53% 1.175.282.627,00 43,69% Trentino Alto Adige 8 0,04% 1.735.983,94 0,06% Veneto 328 1,49% 49.294.584,65 1,83% Friuli Venezia Giulia 70 0,32% 6.071.572,84 0,23% Liguria 1.169 5,32% 174.387.326,88 6,48% Emilia Romagna 480 2,18% 101.874.613,30 3,79% Toscana 67 0,30% 19.580.423,76 0,73% Umbria 350 1,59% 42.762.155,20 1,59% Marche 1.745 7,94% 201.081.311,98 7,48% Lazio 1.280 5,82% 164.420.285,29 6,11% Abruzzo 298 1,36% 31.757.030,75 1,18% Molise 139 0,63% 10.691.271,30 0,40% Campania 1.051 4,78% 143.555.651,37 5,34% Puglia 1.045 4,75% 110.537.975,71 4,11% Basilicata 284 1,29% 24.292.307,96 0,90% Calabria 1.374 6,25% 106.074.753,17 3,94% Sicilia 10 0,05% 1.259.880,11 0,05% Sardegna 40 0,18% 2.870.722,97 0,11% Current and delays Number of Loans % Current Balance % Current <= 1m 21.420 0,97 2.583.414.915,29 0,96 1<=2m 190 0,01 31.625.123,10 0,01 2<=3m 104 0,00 23.092.155,98 0,01 3<=6m 117 0,01 15.760.562,88 0,01 6<=12m 117 0,01 26.206.421,76 0,01 >=12 39 0,00 9.824.622,54 0,00 Contact If you have any queries regarding this report please contact: UBI Banca - Funzione Amm.ne Società Veicolo calculation.agent@ubibanca.it UBI Banca - Investor Relations investor.relations@ubibanca.it phone +39 035 3922217 or +39 035 3923224 7