Gracechurch Card Funding (No.10) PLC


                                 RATE FIX NOTICE
Issue Name:                      Gracechurch Card Funding (No.10) Plc
                                 GBP 15,000,000.00 Class B2 Floating Rate Asset-
                                  Backed Notes
ISIN Code:                       XS0232362656
Interest Rate:                                                          6.260000%
Base Rate:                                                              6.010000%
Interest Period:                 16-Jul-07 to 15-Oct-07
Day Count Method:                Actual/365 or/366 if ends on a leap year)
Number of Days in Period:                                                      91
Payment Date:                    15-Oct-2007
Denomination:                    Coupon:
-------------------------------  ------------------------------------------------
                      50,000.00  GBP                                       780.36



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