John Deere Bank S.A.

As Agent Bank, please be advised of the following rate determined on:
29-Mar-2006

Issue               : John Deere Bank S.A. - Series 37
                      EUR 75,000,000 FRN Due 31 Mar 2011
ISIN Number         : XS0249499319
Common Code/
144A ISIN           : 249499319
Issue Nomin     EUR : 75,000,000.00
Period              : 31-Mar-2006 to 03-Jul-2006   Payment Date 03-Jul-2006
Number of Days      : 94
Rate                : 3.067
Denomination    EU  : 50,000.00     75,000,000.0
Amount Payable 
per Denomination    : 400.41        600,620.83

Institutional       Telephone   44(0) 1202 34 1286
Trust Services      Facsimile   44(0) 1202 34 1267

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