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Investor Relations

Gloucester Credit Card Trust

Form of Investors’ Monthly Performance Summary - May 2009


Trust Performance May-09 April-09 March-09
Cash Yield 16.79% 16.95% 18.46%
Gross Charge-Offs 5.56% 5.41% 4.65%
       
Monthly Payment Rate 12.02% 12.46% 13.27%
       
Delinquency
  30 to 59 days 1.37% 1.35% 1.39%
  60 to 89 days 0.75% 0.73% 0.77%
  90 + days 1.47% 1.43% 1.32%
  Total 3.59% 3.51% 3.48%

MBNA Canada Bank - Gloucester Credit Card Trust Total
Aggregate Ending Principal Receivables (C$MM- Millions) C$5,232
Seller's Interest (30-day average) 33.87%


Series
Size
(MM- Millions)
Expected
Maturity
Expense
Rate
Blended
Coupon
Fixed or
Floating
EXCESS SPREAD 3 Month
Average
May-09 April-09 March-09
2004-1 C$300 5/15/14 3.73% 5.55% Fix 7.50% 7.63% 9.88% 8.34%
2006-1 C$500 3/15/11 3.41% 4.53% Fix 7.82% 7.94% 10.19% 8.65%
2006-2 C$349 11/15/13 3.22% 1.07% Fl/Fix 8.01% 8.14% 10.38% 8.84%
2007-1 C$600 6/15/10 3.33% 1.15% Fl/Fix 7.90% 8.02% 10.27% 8.73%
2008-1 C$452 5/15/13 7.59% 5.56% Fix 3.64% 3.81% 6.07% 4.50%

Footnotes