As Agent Bank, please be advised of the following rate determined            on: 13-Jan-2009
 Issue                           � Gracechurch Card Funding (No.10) PLCEUR 72,500,000 Class B1 Floating Rate
Asset-Backed Notes due
                                 2012
                                                                                                                                       
 ISIN Number                     � XS0232362144
 ISIN Reference                  �
 Issue Nomin EUR                 � 72,500,000.00
 Period                          � 15-Jan-2009 to 15-Apr-2009                                          Payment Date
15-Apr-2009
 Number of Days                  � 90
 Rate                            � 2.86200                                     Pool Factor: 1.000000000000
 Denomination EUR                � 50,000.00                       �                                                           
�
                                                                                                                                       
 Amount Payable per              � 357.75                          �                                                           
�
 Denomination
                                                                                                                                       
 Bank of New York
 Rate Fix Desk                                                     Telephone                           � 44 1202 689580
 Corporate Trust Services                                          Facsimile                           � 44 1202 689601
    
    


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