As Agent Bank, please be advised of the following rate determined            on: 12-Jan-2009
 Issue                           � GRACECHURCH MORTGAGE FUNDING PLC GBP 32,000,000 Class Ba Asset            Backed
Floating Rate Notes due
                                 2041
                                                                                                                                            
  
 ISIN Number                     � XS0236974910
 ISIN Reference                  �
 Issue Nomin GBP                 � 32,000,000.00
 Period                          � 12-Jan-2009 to 14-Apr-2009                                               Payment Date
14-Apr-2009
 Number of Days                  � 92
 Rate                            � 2.50750                                        Pool Factor: 1.000000000000
 Denomination GBP                � 50,000.00                         �                                                                
�
                                                                                                                                            
  
 Amount Payable per              � 316.01                            �                                                                
�
 Denomination
                                                                                                                                            
  
 Bank of New York
 Rate Fix Desk                                                       Telephone                              � 44 1202
689580
 Corporate Trust Services                                            Facsimile                              � 44 1202
689601
    
    
    


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