VOBA N.3 S.r.l. - QUARTERLY SERVICER'S REPORT

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1 VOBA N.3 S.r.l. - QUARTERLY SERVICER'S REPORT Quarterly Report Date 13/11/2017 Collection Period 01/08/ /10/2017 Interest Period 23/08/ /11/2017 Payment Date 23/11/2017 COLLECTIONS Total Interest A+B A B Amount collected , , ,28 Payment of es relative to the Portfolio , , ,25 Recoveries , ,26 Prepayments , , ,87 Insurance Indemnities 0,00 Penalty Interest 4.657, ,16 Other (pursuant to the Transaction Documents) 9.982, ,82 Adjustments (+/-) 0,00 Loans Repurchased (including Non Eligible Loans if any) 0,00 Amounts paid by the Servicer to the Issuer pursuant to art. 6.3 of the Servicing Agreement ,05 0, ,05 Total , , ,33

2 COLLATERAL DESCRIPTION Beginning of Period Mortgage Loan Balance BOP Total Mortgage Loan Balance ,66 BOP Total Number of Loans BOP Average Loan Size ,35 BOP WA Portfolio Yields (%) 1,55 Mortage Asset Movements Option to repurchase individual receivables Balance of Re-Purchased Loans ,49 Number of Re-Purchased Loans 29 Repurchase price on Re-Purchased Loans ,49 Amount of Individual Receivables (including Delinquent and Defaulted Receivables) % of the O/S principal Maximum level (%) ,15 1,79% - Aggregate Amount of Individual Receivables (including Delinquent and Defaulted Receivables) repurchased in the same year ,49 0,92% 2% (1st Year) - 4% (2nd Year) - 5% (Total) Respect by the the Originator of the limit of repurchased loans True Accordi Transattivi, Accolli, Renegotiations and Suspensions Number of Renegotiated Loans in the period 12 Current of Renegotiated Loans (%) in the period ,00 Number of loans (in the period) Current (in the period) Cumulative Current (from Transfer Date to the end of the period included)* Maximum Level (%) of the Total of the portfolio at Valuation Date Loans subject to accordi transattivi, of which: 1% (1st Year) - 1.5% (2nd Year) Loans in Sofferenza Deferments / Moratorie 0 0,00 0,00 1% In Bonis Deferments / Moratorie 0 0,00 0,00 5% Loans subject to accollo Renegotiated loans 0.15% (1st Year) % (2nd Year) Non liberatorio , ,53 - Liberatorio , ,00 0,50% Replacement of the property 0 0, ,00 - Loans with extension of the amortisation plan , ,74 2,50% Loans with shortening of amortization plan 0 0, ,00 - Loans with reduction of fixed rate 0 0, , % (Quarterly Basis) - 2.5%(Annual Basis) - 5% (Total basis) Suspensions Loans with reduction of spread , , % (Quarterly Basis) - 2.5%(Annual Basis) - 7% (Total basis) Loans with discharge/release of the guarantor , ,84 1,00% Loans with replacement of the guarantor 0 0, ,00 1,00% Loans with reduction of Morgage (Ipoteca) Value 0 0, ,93 1,00% Fixed rate switched to Floanting rate with CAP (from renegotiation on 0 0, ,38 0,00% Fixed rate switched to Floanting rate (without CAP) (from renegotiati 0 0, ,84 0,00% Floantig rate switched to Floanting rate with CAP (from renegotiation 0 0,00 0,00 0.5% (1st Year) - 1%(2nd Year) - 2% (Total) Floating rate loans switched to fixed rate (from renegotiation only) , ,00 0.5% (1st Year) - 1%(2nd Year) - 2% (Total) Floating rate loans switched from 3months Euribor to 6months Euribo 0 0,00 0,00 1,00% Loans with reduction of payment frequency 0 0, ,00 1,00% Loans with increase of payment frequency 0 0,00 0,00 0,50% Loans with modification of payment date (without any change of the p 0 0,00 0,00 - Sospensione commerciale della quota capitale , ,03 7,50% Accordo ABI Piano Famiglie 0 0, ,37 Fondo di Solidarietà 0 0,00 0,00 All Accordi Transattivi, Accolli, Renegotiations and Suspensions , ,61 * Including loans modified in the period 15% (Accordi Transattivi + Accolli + Renegociations) End of Period Mortgage Loan Balance EOP Total Mortgage Loan Balance ,82 EOP Total Number of Loans EOP Average Loan Size ,99 EOP WA Portfolio Yields (%) 1,55 Portfolio characteristics Data Reporting date (EOP) Issue Date Aggregate Current Balance ( ) , ,23 Aggregate Original Balance ( ) , ,91 Average Current Balance ( ) , ,84 Maximum Current Balance ( ) , ,24 Current Balance of Fixed Rate Portfolio ( ) , ,85 Weighted average seasoning (months) 97,91 29,97 Weighted average remaining maturity (yrs) 11,36 15,71 Proportion of Commercial Loans in the Portfolio 7,22% 7,03% Weighted average current LTV (%) 43,73% 62,83% Weighted average original LTV (%) 70,80% 70,19% Proportion of fixed rate loans in the Portfolio (%) 11,74% 19,13% Proportion of floating rate loans in the Portfolio (%) 87,38% 80,87% Weighted average interest rate (for fixed rate portfolio) (%) 3,95 5,15 Weighted average spread (for floating rate portfolio) (%) 1,46 1,33 Current of performing loans (%) 95,23% 100,00% Current of Loans in Arrears (%) 2,08% 0,00% Current of Delinquent Loans (%) 1,45% 0,00% Current of Defaulted Loans (%) 1,24% 0,00% Current of loans in Arrears, Delinquent and Default (%) 4,77% 0,00% Collateral Description

3 Number of Loans s Residential mortgages Unpaid Unpaid Interest (A) (B) (C)=(A)+(B) (D) (E)=(C)+(D) Performing Mortgage Loans , , , , ,20 Delinquent Mortgage Loans , , , , ,42 Collateral Portfolio , , , , ,62 Defaulted Mortgage Loans , , , ,22 Total Portfolio , , , , ,84 Number of Loans s Commercial mortgages Unpaid Unpaid Interest (A) (B) (C)=(A)+(B) (D) (E)=(C)+(D) Performing Mortgage Loans , , , , ,53 Delinquent Mortgage Loans , , , , ,05 Collateral Portfolio , , , , ,58 Defaulted Mortgage Loans , , , Total Portfolio , , , , ,58 Number of Loans PORTFOLIO SITUATION s Total Mortgages Unpaid Unpaid Interest (A) (B) (C)=(A)+(B) (D) (E)=(C)+(D) Performing Mortgage Loans , , , , ,73 Delinquent Mortgage Loans , , , , ,47 Collateral Portfolio , , , , ,20 Defaulted Mortgage Loans , , , ,21 Total Portfolio , , , , ,41 Total Total Total Arrears Buckets Number of Loans % By Number Amount % of Amount Performing Balance ,85% ,10 95,23% >0 - <=1 months in arrears 9 0,39% ,20 0,40% >1 - <=2 months in arrears 18 0,78% ,31 0,77% >2 - <=3 months in arrears 5 0,22% ,64 0,29% >3 - <=4 months in arrears 2 0,09% ,19 0,11% >4 - <=5 months in arrears 4 0,17% ,67 0,34% >5 - <=6 months in arrears 1 0,04% ,94 0,07% 6+ months in arrears 1 0,04% ,23 0,10% Delinquents 23 0,99% ,33 1,45% Defaults 10 0,43% ,21 1,24% Total Balance Page 3 99,57% ,61 98,76% Total Balance ,00% ,82 100,00% Portfolio Situation

4 PORTFOLIO PERFORMANCE Portfolio Default Ratio of all the Mortgage Loans classified as default during the Period ,86 Average Collateral Portfolio during the Period , ,08 Quarterly Default Ratio 0,00% 0,29% Portfolio Delinquency Ratio of the Deliquent Mortgage Loans , ,32 Collateral Portfolio , ,35 Delinquency Ratio 1,47% 1,39% Cumulative Gross Default Ratio Sum of as of the Default Date of all the Mortgage Loans classified as default from the Valuation Date up to the end of the Period , ,78 Oustanding of the Portfolio purchased as determined at the Valuation Date , ,23 Cumulative Gross Default Ratio 0,62% 0,62% Cumulative Net Default Ratio sum of as of the Default Date of all the Mortgage Loans classified as default from the Valuation Date up to the end of the Period sum of all Recoveries in respect of the Defaulted Mortgage Loans from the Valutation Date up to the end of the Period Oustanding of each Portfolio purchased as determined at the relevant Valuation Date , , , , , ,23 Cumulative Net Default Ratio 0,54% 0,58% Cumulative Recoveries Ratio sum of all Recoveries in respect of the total Mortgage Loans from the Valutation Date up to the end of the Period , ,33 sum of as of the Default Date of all the Mortgage Loans classified as default from the Valuation Date up to the end of the Period , ,78 Recoveries Ratio 13,04% 6,36% Trigger Events Non-payment N Breach of other obligation N Insolvency of the Issuer N Unlawfulness N Page 4 Performance

5 PORTFOLIO DESCRIPTION Portfolio Characteristics Issue Date Constant Prepayment Rate (CPR%) 4,5% Period Repayment Rate (PPR%) 14,0% Weighted Average Current Remaining Term to Maturity (in years) 11,36 15,71 Weighted average interest rate (for fixed rate portfolio) (%) 3,95 5,15 Weighted average spread (for floating rate portfolio) (%) 1,46 1,33 Interest Payment Type Variable ,5% ,43 87,4% ,7% ,9% Fixed ,6% ,39 12,6% ,3% ,1% Total ,1% ,82 100,0% ,0% ,23 100,0% Indexation number of loans % by number amount % of amount not indexed portfolio ,48% ,39 12,62% ,27% ,85 19,13% euribor 1m portfolio 10 0,43% ,03 0,61% 14 0,44% ,70 0,52% euribor 3m portfolio ,37% ,31 13,86% 293 9,19% ,30 10,69% euribor 6m portfolio ,99% ,40 72,41% ,44% ,02 69,19% bce 17 0,73% ,69 0,50% 21 0,66% ,36 0,47% Total ,00% ,82 100,00% ,00% ,23 100,00% Regional Distribution Emiglia-Romagna 2 0,09% ,03 0,14% 3 0,1% ,99 0,1% Friuli-Venezia-Giulia 42 1,81% ,30 1,32% 64 2,0% ,23 1,5% Lombardia 9 0,39% ,95 0,59% 14 0,4% ,85 0,6% Piemonte 1 0,04% ,53 0,03% 1 0,0% ,69 0,0% Trentino-Alto Adige ,13% ,97 66,70% ,0% ,70 67,2% Veneto ,55% ,04 31,22% ,4% ,77 30,5% Total ,00% ,82 100,00% ,0% ,23 100,0% Loan Purpose purchase % ,09 73,8% ,1% ,1% construction 201 9% ,08 9,0% 256 8,0% ,2% equity release % ,65 17,2% ,9% ,7% Total % ,82 100,0% ,0% ,23 100,0% Occupancy Status Buy to let 3 0,1% ,94 0,9% 3 0,1% ,7% Primary Residence ,4% ,61 85,6% ,6% ,4% Secondary Residence 92 4,0% ,59 3,8% 133 4,2% ,2% Other ,5% ,68 9,7% ,1% ,7% LTV Ratio >=0%-<10% 154 6,6% ,27 1,0% 2 0,1% ,0% >=10%-<20% ,9% ,68 4,7% 39 1,2% ,3% >=20%-<30% ,3% ,78 10,3% 85 2,7% ,2% >=30%-<40% ,7% ,30 23,6% 138 4,3% ,7% >=40%-<50% ,7% ,41 28,8% 302 9,5% ,3% >=50-<60% ,9% ,90 19,3% ,8% ,9% >=60-<70% 132 5,7% ,18 8,7% ,6% ,7% >=70-<80% 33 1,4% ,20 2,3% ,2% ,4% 80% 16 0,7% ,10 1,4% 214 6,7% ,6% Page 5 Stratifications

6 PORTFOLIO DESCRIPTION Seasoning in Months >=0 - <12 0 0,0% 0,00 0,0% ,2% ,0% >=12 - <24 0 0,0% 0,00 0,0% ,4% ,7% >=24 - <36 0 0,0% 0,00 0,0% ,6% ,6% >=36 - <48 0 0,0% 0,00 0,0% ,9% ,1% >=48 - <60 0 0,0% 0,00 0,0% 80 2,5% ,9% >=60 - <72 0 0,0% 0,00 0,0% 101 3,2% ,4% >=72 - < ,0% ,37 23,2% 61 1,9% ,3% >= ,0% ,45 76,8% 75 2,4% ,9% distribution by maturity ,0% 0,00 0,0% 0 0,0% 0 0,0% ,0% 0,00 0,0% 8 0,3% ,1% ,0% 0,00 0,0% 15 0,5% ,2% ,0% 0,00 0,0% 16 0,5% ,3% ,0% 0,00 0,0% 30 0,9% ,4% ,4% ,08 0,0% 39 1,2% ,7% ,8% ,69 0,3% 104 3,3% ,7% ,6% ,75 1,2% 166 5,2% ,8% ,3% ,84 1,9% 169 5,3% ,8% ,4% ,36 1,5% 93 2,9% ,0% ,6% ,48 1,7% 71 2,2% ,1% ,7% ,22 4,6% 204 6,4% ,6% ,3% ,75 7,4% ,5% ,2% ,7% ,70 8,7% 299 9,4% ,1% ,3% ,42 4,4% 122 3,8% ,1% ,2% ,80 4,1% 80 2,5% ,9% ,1% ,04 10,1% 247 7,7% ,1% ,1% ,55 15,9% ,0% ,5% ,3% ,85 14,6% ,3% ,4% ,9% ,66 6,6% 130 4,1% ,8% ,2% ,86 2,1% 20 0,6% ,0% ,8% ,69 2,5% 63 2,0% ,4% ,9% ,46 2,8% 63 2,0% ,3% ,2% ,53 3,9% 57 1,8% ,8% ,3% ,56 2,3% 28 0,9% ,1% ,1% ,59 0,2% 5 0,2% ,2% ,8% ,92 1,6% 24 0,8% ,0% ,5% ,69 0,8% 12 0,4% ,5% ,3% ,07 0,6% 13 0,4% ,8% ,0% ,26 0,1% 2 0,1% ,1% ,0% 0,00 0,0% 0 0,0% 0 0,0% ,0% 0,00 0,0% 0 0,0% 0 0,0% ,0% 0,00 0,0% 0 0,0% 0 0,0% Borrower Status Employed ,6% ,66 65,5% ,9% ,7% Self-employed ,3% ,86 31,6% ,9% ,1% Retired 84 3,6% ,93 2,3% 119 3,7% ,7% Students 12 0,5% ,37 0,5% 17 0,5% ,5% Page 6 Stratifications

7 PORTFOLIO DESCRIPTION Mortgage Size >=0 - < ,7% ,68 0,1% 25 0,8% ,2% >= < ,4% ,18 2,4% 302 9,5% ,5% >= < ,4% ,22 8,5% ,5% ,1% >= < ,2% ,31 14,9% ,3% ,9% >= < ,9% ,71 19,1% ,0% ,8% >= < ,7% ,03 13,2% ,5% ,7% >= < ,2% ,40 10,8% 260 8,2% ,8% >= < ,8% ,71 6,2% 118 3,7% ,9% >= < ,1% ,73 5,9% 89 2,8% ,2% >= ,6% ,85 19,0% 184 5,8% ,1% Mortgage Payment Frequency Monthly ,4% ,54 95,7% ,3% ,4% Bi monthly - 0,0% - 0,0% 0 0,0% 0 0,0% Quarterly 16 0,7% ,87 1,2% 22 0,7% ,2% Semi-annually 44 1,9% ,33 3,0% 63 2,0% ,4% Annually 1 0,0% ,08 0,1% 0 0,0% 0 0,0% Distribution by Lien First Lien ,0% ,82 100,0% ,0% ,0% Second Lien - 0,0% - 0,0% 0 0,0% 0 0,0% Other - 0,0% - 0,0% 0 0,0% 0 0,0% Distribution by Loan Type Number of Loans s Unpaid Unpaid Interest (A) (B) (C)=(A)+(B) (D) (E)=(C)+(D) Residential , , , , ,84 Commercial , , , , ,57 Total Portfolio , , , , ,41 Total Page 7 Stratifications

8 NET ECONOMIC INTEREST Confirmation of net economic interest held by originator The Seller confirms that, as at the date of this report, it continues to hold the net economic interest in the securitisation as disclosed in the Prospectus, in accordance with option (d) of Article 405 of CPR, Part II, Chapter 6, Section IV of the Bank of Italy's Circular No. 285 dated 17 December 2013 (as amended and supplemented from time to time) and article 51 of the AIFMR.