Pillar Funding



As Agent Bank, please be advised of the following rate determined on: 13-Feb-2008
Issue              ๏ฟฝ Pillar Funding Series 2005 - Class A
                     EUR 319,000,000.00 Asset Backed FRN Due 15 Nov 2012
ISIN Number        ๏ฟฝ XS0236180286
Common Code / 144A ๏ฟฝ 23618028
 ISIN
Issue Nomin EUR    ๏ฟฝ 319,000,000.00
Period             ๏ฟฝ 15-Feb-2008 to 15-May-2008            Payment Date 15-May-2008
Number of Days     ๏ฟฝ 90
Rate               ๏ฟฝ 4.45
Denomination EUR   ๏ฟฝ 50,000.00             ๏ฟฝ                      ๏ฟฝ

Amount Payable per ๏ฟฝ 556.25                ๏ฟฝ                      ๏ฟฝ
 Denomination

Bank of New York
Rate Fix Desk                              Telephone       ๏ฟฝ 44 1202 689580
Corporate Trust Services                   Facsimile       ๏ฟฝ 44 1202 689601



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