INDEX

3 ABOUT US

4 CURRENT BUSINESS

5 THE ITALIAN MARKET

6 WHY CHOOSE US

7 THE IT PLATFORM

8 OUR EXPERTISE

11 OUR OFFER

12 ORGANIZATION CHART

13 OUR TEAM

15 CONTACTS

2

ABOUT US

20122016

2014

2001

2011

Centotrenta was founded in 2001, following the enactment of the Italian securitisation law. Centotrenta started its operations with the establishment of the company Centotrenta Management s.r.l.,

whose main partner is Studio Angelelli – dottori commercialisti e revisoricontabili – (www.studioangelelli.com), an accounting, advisory, and tax planning firm operating in Milan since 1968.

In 2011 Centotrenta established Centotrenta Servicing S.p.a. as a financial intermediary.

In October 2012 Centotrenta Servicing was authorised by the Bank of Italy to operate as a servicer. The authorisation process our firm went through was in line with the most recent legal guidelines that we are currently adhering to.

On July 2014 Centotrenta Mangement transferred its business to Centotrenta Servicing in order to provide services with a unique entity.

On October 2016 Fitch Ratings assigned the operative rating to Centotrenta Servicing.

Compared to the main competitors in the market, Centotrenta’s experience is not limited to securitisation only. Our professionals have many years of experience in the accounting field and are able to support corporate and real estate companies (REOCO).

Centotrenta offers a full range of services in the structuring and management of securitisation and finance transactions.

Our firm is currently audited by Ernst & Young.

3

CURRENT BUSINESS

Our irm has played different roles in 124 securitisation transactions.

Asset classes we manage include performing and non-performing loans, leasing, residential and commercial mortgages, consumer loans, credit card, commercial, public administration, and other receivables.

Since receiving the authorisation to operate by the Bank of Italy in 2012, we have been appointed as Servicer for 85 transactions with 449 portfolio purchased.

The assets that we currently manage as Servicer (December 2017) amount to € 8.048 million.

The collateral managed by Centotrenta Servicing in various capacities amounts to € 10.834 (current 6.754) million.  

Centotrenta Servicing has been operating in the securitisation market since 2000

4

THE ITALIAN MARKET

Compared to other jurisdictions, Italian entities qualified as Master Servicers are thoroughly regulated. 

The most recent regulations impose stringent requirements in terms of risk management, capitalisation and compliance.

While entities such as master servicers are regulated by the Bank of Italy (banks follow a similar authorisation process), special servicers (entities responsible for the recovery activity) are, as a general rule, only required to obtain a Public Security license.

Therefore they are not subject to any requirements as to minimum capitalisation, compliance, internal audit and Bank of Italy reporting provisions.

Master Servicers are monitored by the Bank of Italy both operationally and financially; updated minutes of the boards of directors of Master Servicers must be submitted to the Bank of Italy on a constant basis.

The Italian market is currently characterised by the presence of a small number of independent competitors who provide master servicing services

5

WHY CHOOSE US

the majority of our board members are independent directors;

our team is made of professionals and does not include investors; our selected clients will not share their confidential information with competitors and this allows us to avoid conflict of interest;

our offer is clear and fees are all-inclusive;

we are flexible and our people can be easily reached;

we respond in a timely manner and help our clients finding solutions;

our state-of-the-art IT platform has been developed

by one of the major players in the sector;

we take responsibility for everything we do; in comparison to other agents, we do not limit our liability to fraud and gross negligence (dolo e colpa grave) only;

we want our clients to be satisfied with our services without feeling constrained for the entire life of the deal;

we offer customer-friendly agreements.

What makes us different from our competitors

6

THE IT PLATFORM

Centotrenta Servicing operates an IT platform developed by Indra, one of the major international information technology and defense systems companies (www.indracompany.com).

The platform is tailored to monitor the performance of the special servicers and verify the performance of the portfolios so as to provide ad hoc reporting to the investors.

The new IT system has been structured on the basis of the typical reporting requirements of international investors and can be easily adjusted to meet specific needs upon request.

Centotrenta Servicing has an exclusive IT platform available

7

OUR EXPERTISECentotrenta roles: 2000 - 2017 (December)

8

OUR EXPERTISEPortfolio purchasings, from 2013 to 2017 (December)

9

8 purchases during 2013

28 purchases during 2014

50 purchases during 2015

118 purchases during 2016

245 purchases during 2017

OUR EXPERTISEMaster Servicing Portfolio by Performance as of December 2017

10

OUR OFFER

Consulting and Structuring: thanks to the experience gained in the sector since 1999, Centotrenta provides assistance in the structuring phase as Sole or Co-Arranger.

SPVs and directorship: in order to reduce time constraints, Centotrenta structures newly incorporated SPVs. Clients are free to opt for incorporating new vehicles, in which case we are happy to provide assistance. Directors may sit on the boards of SPVs upon request.

All agency roles in the transaction:

Servicer: the Servicer is the entity appointed to service the portfolio, collect receivables, provide cash and payment services, and monitor the compliance of the securitisation transaction with the applicable law and the prospectus.

Corporate Services Provider: the Corporate Services Provider is the entity entrusted with the administrative, accounting, and tax compliance of the SPV. The CSP often coordinates the activities of other agents of the SPV.

RoN: the RoN, i.e. the Representative of the Noteholders, acts as trustee of the noteholders and holds the security interests on their behalf.

Calculation Agent: the Calculation Agent is the entity that prepares the payment reports and calculates the amounts due to the noteholders and the other creditors of the SPV under the terms and conditions of notes and other transaction documents.

Monitoring and reporting: Centotrenta provides monitoring and reporting services on the portfolio, verifies the compliance with the initial business plan, and carries out analysis on potential discrepancies. Centotrenta reviews the business model even if it does not act as Servicer of the transaction.

Web-Area: a dedicated web-area will be made available to the noteholders in order to grant easy and reliable access to the reporting documents of the transaction.

11

ORGANIZATION CHART

Pres.: Mario Bongiorni (indip.) Segnalaz. Operaz. SospetteAmministrat. Delegato: Raffaele Faragò

Paolo Cucurachi (indip.)Fabrizio Angelelli

Ranieri Veronesi Pesciolini (indip.)

BoD Internal Audit Outsourcing - Analisi Spa Referente Interno: Paolo Cucurachi

Statutory AuditorsOdV 231

Auditor

Francesco Balossi Restelli, Alberto Aldrighetti,

Matteo Moretti

E&Y

Outsourcing - Re.Fi.Mi. Srl Roberto FiorentiReferente Interno: Mario Bongiorni

Outsourcing - Re.Fi.Mi. Srl Roberto Fiorenti

Responsabile e Ref. Interno:

Mario Bongiorni

Outsourcing - Re.Fi.Mi. Srl Roberto FiorentiReferente Interno: Mario Bongiorni

Compliance

Risk Management

Anti-Money Laundering

Transaction Management

Regulatory and Supervision

InformationTechnology

Internal Organization

Reportingand monitoring

CorporateAdministration

OutsourcingSpecial

Servicer/External Lawyers

CEO

Raffaele Faragò

Antonella Decorato Laura Mariani Alessandra De Sabato Davide de Simone Salvatore Grimaldi

AdministrationSPV

AccountingSPV AML

SPV Management

CentraleRischi

Loan Management

Regulatoryreporting

SV Development

Asset monitoring

Complaints Reporting

12

OUR TEAM

Our staff is currently made up of 15  professionals with experience in all aspects of securitisation.

All our people have strong skills in legal and regulatory compliance, auditing, controlling, and tax consulting.

Our tax and accounting partner, Studio Angelelli, promptly provides us with additional support if required.

The majority of Centotrenta Servicing’s board of directors are independent professionals. We are convinced that this adds value to the services offered.

Board of Directors

MARIO BONGIORNIPresident of the Board of Directors – independentHe holds a Degree in Business Administration from Università Commerciale L. Bocconi (1993).Currently partner of Antares Private Equity. Adjunct Professor for Master in Merchant Banking, teacher under contract at LIUC (Libero Istituto Universitario Carlo Cattaneo, Castellanza – Varese).Since 2003 founder and CEO of RGB Partners S.r.l. (Corporate Finance Advisory with focus on SMEs).From 2001 to 2003 director at Deloitte & Touche Corporate Finance with managing positions in both domestic and international transactions.From 1996 to 2001 manager at Ernst & Young Corporate Finance, managing assignments such as company valuation, business plans, and advisory services in corporate finance transactions with focus on SMEs.From 1994 to 1995 responsible for management control and assistant general manager at Campari France SA, Paris.

RAFFAELE FARAGÒChief Executive OfficerRaffaele joined Studio Angelelli in 1997 and since 2001 has been fully dedicated to the securitisation sector.Expertise in securitisation transactions gained between 2001 and 2012 as sole director of Centotrenta Management S.r.l.A deep and long-lasting knowledge about all aspects of the securitisation process allow an effective general monitoring of transactions and the efficient organisation of internal resources.

13

OUR TEAMFABRIZIO ANGELELLIDirectorHe holds a Degree in Economics at the Università Commerciale L. Bocconi.Member of the Board of Directors, responsible for all corporate, regulatory compliance and administrative activities. He holds a Degree in Economics at the Università Commerciale L. Bocconi.Partner of Studio Angelelli (www.studioangelelli.com), which has been operating in Milan as an accountancy and tax firm since 1968. He has an extensive experience in the financial sector. He has been director of the Italian asset management company Fondamenta. He acts as statutory auditor for many Italian companies and financial intermediaries. He has been in accounting in the corporate and real estate sectors for the last 25 years and has been working in securitisation since 2000.

PAOLO CUCURACHIDirector – independent Independent member of the Board of Directors, supervisor of Centotrenta Servicing internal audit.Coordinator of asset management and securities classes, Banking and Insurance Department until 2006, professor of Financial Markets and Institutions, University of Salento, Lecce. SDA Bocconi Professor of Banking and Insurance.

RANIERI VENEROSI PESCIOLINI Director – independentHe holds a Degree in Law at the University of Rome (1986).He gained an extensive experience in legal departments of multinational corporation (IRI, ENI and Enel). As from year 2000 he has served as General  Counsel of Antibioticos Group (formerly Montedison Group), Impregilo (civil engineering and construction). In 2006 he joined  Alicros Goup (holding Company with controlling interests in Campari SpA) as General Counsel and Head of investments.

Senior staff

SALVATORE GRIMALDIHead of Computation Agent and Reporting Economics of Financial markets and institutions degree at Bocconi University.After his initial experience in Deloitte Consulting (Italian structured finance team), Salvatore joined Centotrenta Group in June 2008.Salvatore has remarkable experience in the securitisation process, specialising in calculation/reporting activities, ongoing monitoring of deals, cashflow modeling, pool audit of asset, unwinding and restructuring of deals.

ALESSANDRA DE SABATOHead of Regulatory Reporting and SupervisoryEconomics of Financial markets and institutions degree at Salento University.After nine year experience administration, investor reporting and supervisory reporting in one of the first an most important player of the npl Italian market, Non Performing Loans S.p.a., Alessandra joined Centotrenta Group in September 2015.

MARCO GHETTAOfficer in charge of Anti-Money Laundering matters.Economics of Financial markets and institutions degree at Bocconi University.Marco joined Centotrenta Group in 2007. Marco has been managing anti-money laundering matters since 2007.

ANTONIO CARICATOHead of SPV accounting and statistical reporting Business Administration degree at University of LecceAfter three year experience at a professional office in administrative and tax advice Antonio joined Centotrenta Group in November 2012 and he now manage and coordinate a team of 4 people dedicated to SPV corporate issues.

LAURA MARIANITransactions ManagementAfter several years experience at Deutsche BankStructured Finance - Trust & Agency Servicesteam, she joined Centotrenta Group inSeptember 2016 to manage and coordinatetransactions

ANTONELLA DECORATOHead of Administration and Finance During her 24 years career she gained experience in several professional areas, achieving the role of Financial Controller at Goldman Sachs with her major skills in the NPL and Asset Management’s area of interest, being responsible in the corporate and surveillance area. On January 2017 she joined Centrotrenta group holding the same task of the preceding role at Goldman Sachs.

14

CONTACTS

Centotrenta headquarters are located in Milan city center

Via S. Prospero 4 20121 Milan, Italy

ph. +39.02.928504fax +39.02.72022410

info@centotrenta.comwww.centotrenta.com