The Bank of New York Appointed by Barclays Bank PLC as Trustee, Verification Agent, Registrar, Paying Agent and Transfer Agent

Through Lambda Finance B.V., a special purpose legal entitycreated by Barclays, The Bank of New York will fulfill a variety ofroles and service the Gracechurch Corporate Loans Series, one of thelargest fully funded balance sheet collateralized loan obligationsever issued by a UK bank.

Peter Elcock, head of portfolio trading at Barclays Bank, said,"Gracechurch Corporate Loans is the first and largest of its type wehave undertaken and has been very successful. We were confident thatThe Bank of New York could take on a variety of important roles forthis GBP 5 billion landmark transaction. We have worked well with theBank and a range of parties to develop the trade and move it rapidlyto market where it was well received."

Karen Peetz, executive vice president and head of The Bank of NewYork's Corporate Trust Division, said, "Our role in this high profilepublic transaction, along with our involvement in other recent similarobligations, emphasizes our commitment to building a leading corporatetrust franchise in the European CLO and CDO marketplace. By partneringwith Barclays and its advisors, we were able to participate in asuccessful and professionally executed transaction where we leveragedour trustee and analytics expertise to meet their specific needs."

Barclays is a global financial services group, with operations inEurope, the USA, Africa and Asia. It is engaged primarily in banking,investment banking and investment management and, in terms of marketcapitalization, is one of the largest financial services companies inthe world.

The Bank of New York is a leading provider of corporate trust andagency services. The Bank and its subsidiaries and affiliatesadminister a portfolio of more than 90,000 trustee and agencyappointments, representing $3 trillion in outstanding securities formore than 30,000 clients around the world. The Bank is a recognizedleader for trust services in several debt products, includingcorporate and municipal debt, mortgage-backed and asset-backedsecurities, derivative securities services and international debtofferings.

The Bank of New York Company, Inc. (NYSE: BK) is a global leaderin providing a comprehensive array of services that enableinstitutions and individuals to move and manage their financial assetsin more than 100 markets worldwide. The Company has a long traditionof collaborating with clients to deliver innovative solutions throughits core competencies: securities servicing, treasury management,investment management, and individual & regional banking services. TheCompany's extensive global client base includes a broad range ofleading financial institutions, corporations, government entities,endowments and foundations. Its principal subsidiary, The Bank of NewYork, founded in 1784, is the oldest bank in the United States and hasconsistently played a prominent role in the evolution of financialmarkets worldwide. Additional information is available atwww.bankofny.com.

This announcement is not an offer to sell or a solicitation of anoffer to buy any securities. The offering is made only by means of theprospectus.