VALLAURIS II CLO PLC - Irish Stock Exchange

DESCRIPTION OF THE COLLATERAL MANAGERS
THE COLLATERAL MANAGERS
Under the Collateral Management Agreement, Natexis Banques Populaires (together with any of
its successors in interest) in relation to all investment and management functions with respect to the
Collateral except in respect of Financial Instruments and Natexis Asset Management in relation to all
investment and management functions with respect to Financial Instruments (as defined below) only,
(in each case, the ‘‘Collateral Manager’’ and together, the ‘‘Collateral Managers’’) have each agreed to
act as the Issuer’s collateral manager and to act in specific circumstances on behalf of the Issuer and
to carry out the functions described below. For the purposes of the foregoing, ‘‘Financial Instruments’’
means any financial instrument (instrument financier) within the meaning of article L.211-1 of the
French Code Monétaire et Financier including any Mezzanine Obligations held in the form of debt
securities, Synthetic Securities, Collateral Enhancement Obligations, Structured Finance Securities held
in the form of debt securities, Currency Swap Transactions and any Interest Rate Hedge
Transactions. In the event that Natexis Banques Populaires is granted an agrément de société de
gestion (license to provide portfolio asset management services) from the Autorité des Marchés
Financiers (or any relevant successor authority), and the scope of its authorised programme of
activities (programme d’activité) covers the management of Financial Instruments (including Synthetic
Securities) for other legal entities in accordance with applicable French law and regulations, Natexis
Banques Populaires may at its option assume the rights and obligations of Natexis Asset
Management under the Collateral Management Agreement (together with any other Transaction
Document to which Natexis Asset Management is party).
NATEXIS BANQUES POPULAIRES
Profile
Natexis Banques Populaires, the Banque Populaire Group’s listed entity, is a financing,
investment banking and services bank that also offers a unique range of services in receivables
management.
With more than 12,900 employees and a network of 155 offices, including 117 abroad, Natexis
Banques Populaires builds long-term domestic and international partnerships with its clientele of large
and medium-sized companies, financial institutions and the Banque Populaire network.
Drawing on its expertise in a wide range of complementary areas, Natexis Banques Populaires
provides not only traditional banking services but also high value-added technology-based services. In
order to meet its clients’ needs and ensure the highest quality standards, the bank offers specialist
services in each of its businesses.
A prominent player in financing activities, Natexis Banques Populaires maintains relationships
with virtually all major French companies. Through its subsidiary Coface, it is one of the world’s
leading providers of credit insurance and credit management services. At the same time, Natexis
Banques Populaires is ranked among the leaders in private equity and financial engineering, and is
one of the foremost brokerage firms. It also ranks among the top providers of high-tech services.
Finally, it is a well-known and highly respected player in the bancassurance and asset management
segments and the leading employee savings plan manager in France.
Key Consolidated Figures of Natexis Banques Populaires
As of 31 December 2005
– 155 offices, including 117 outside France;
– 150,000 shareholders (approximately); and
– 12,973 employees.
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