Ares Lusitani - STC, S.A. (Pelican Finance No. 2)

Ares Lusitani - STC, S.A. (Pelican Finance No. 2) represents the issuance of notes (except for the Class X Notes) backed by a portfolio of floating- and fixed-rate consumer and vehicle loans granted to private individuals domiciled in Portugal and serviced by Caixa Económica Montepio Geral and Montepio Crédito - Instituição Financeira de Crédito, S.A.