56YO Wells Fargo 35

    

Pillar Funding Series 2005-1 plc


As Agent Bank, please be advised of the following rate determined on:15-Nov-2006
Issue               : Pillar Funding Series 2005 - Class B
                      GBP 12,500,000 Asset Backed FRN due 15 Nov 2012
ISIN Number         : XS0236181250
Common Code /         23618125
144A ISIN
Issue Nomin     GBP : 12,500,000.00
Period              : 15-Nov-2006 to 15-Feb-2007  Payment Date 15-Feb-2007
Number of Days      : 92
Rate                : 5.4875
Denomination    GB  : 50,000.00
Amount Payable
per Denomination    : 691.58

Institutional       Telephone   44(0) 1202 32 6660
Trust Services      Facsimile   44(0) 1202 34 7939

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