CREDITO FONDIARIO PURCHASE FROM MPS A PORTFOLIO OF UNSECURED NPL (PROJECT MERLINO), IN PARTNERSHIP WITH FIRE, AND ACTS AS FRONTING BANK AND MASTER SERVICER IN THE PURCHASE BY TWO INVESTORS OF AN UTP PORTFOLIO FROM MPS (PROJECT ALFA 2)

Credito Fondiario signed an agreement with MPS for the purchase of the “mid cluster” of the NPL portfolio of Project Merlino. The portfolio is comprised of unsecured NPL receivables for a gross book value of Euro 700 million, of which Euro 100 million arise from leasing contracts.

Credito Fondiario will act as Master Servicer, Corporate Servicer and Calculation Agent of the securitisation, and as Special Servicer together with Fire.

At the same time, Credito Fondiario acts as Fronting Bank and Master Servicer of the securitisation vehicle by which Farallon Capital Europe LLP and GWM Asset Management Ltd signed an agreement with MPS for the purchase of an UTP portfolio for a gross book value of Euro 120 million (Project Alfa 2).