REG-Pillar Funding Series 2005-1 plc FRN Variable Rate Fix

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Tue May 20, 2008 5:07am EDT 

LONDON--(Business Wire)--


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As Agent Bank, please be advised of the following rate determined on: 15-May-2008
Issue              ¦ Pillar Funding Series 2005 - Class B
                     GBP 12,500,000.00 Asset Backed FRN Due 15 Nov 2012
ISIN Number        ¦ XS0236181250
Common Code / 144A ¦ 23618125
 ISIN
Issue Nomin GBP    ¦ 12,500,000.00
Period             ¦ 15-May-2008 to 15-Aug-2008            Payment Date 15-Aug-2008
Number of Days     ¦ 92
Rate               ¦ 6.1
Denomination GBP   ¦ 50,000.00

Amount Payable per ¦ 766.67
 Denomination

Bank of New York
Rate Fix Desk                              Telephone       ¦ 44 1202 689580
Corporate Trust Services                   Facsimile       ¦ 44 1202 689601
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Pillar Funding Series 2005-1 plc

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