RNS Number:3367D
Residential Mortgage Secs No.7 PLC
9 May 2001


To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
11-Aug-2001.

Issue             :  Residential Mortgage Securities 7 PLC - Class A
                     EUR256,200,000 Mortgage Backed FRN Due 2038
ISIN NO           :  XS0102812020
Issue Nominal EUR :  256,200,000.00
Period            :  11-May-2001  To  13-Aug-2001    Payment Date  13-May-2001
Number of Days    :  94
Rate              :  5.143           Pool Factor:    0.577538
Denomination EUR  :  57,753.79
Amount Payable       775.57
Per Denomination  :  

From:
Steven Coutts                        Telephone 44 (0) 1202 34 1286
Capital Markets Fiduciary Services   Facsimile 44 (0) 1202 34 7438
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