RNS Number:8417V
Residential Mortgage Secs No.7 PLC
13 May 2002



As Agent Bank, please be advised of the following rate determined on: 
13-MAY-2002.

Issue             :  RESIDENTIAL MORTGAGE SECURITIES 7 PLC - CLASS M
                     £16,200,000 MORTGAGE BACKED FRN DUE 2038
ISIN Number       :  XS0102820981
Issue Nominal GBP :  16,200,000.00
Period            :  13-MAY-2002  To  13-AUG-2002    Payment Date  13-AUG-2002 
Number of Days    :  92
Rate              :  5.3875
Denomination   GB :  100,000.00          
Amount Payable
Per Denomination  :  1,357.95

From:
Institutional    Telephone 44 (0) 1202 34 1286
Trust Services   Facsimile 44 (0) 1202 34 7438


As Agent Bank, please be advised of the following rate determined on: 
13-MAY-2002.

Issue             :  RESIDENTIAL MORTGAGE SECURITIES 7 PLC - CLASS B
                     £8,000,000 MORTGAGE BACKED FRN DUE 2038
ISIN Number       :  XS0102822177
Issue Nominal GBP :  8,000,000.00
Period            :  13-MAY-2002  To  12-AUG-2002    Payment Date  12-AUG-2002 
Number of Days    :  91
Rate              :  8.5875
Denomination   GB :  100,000.00          
Amount Payable
Per Denomination  :  2,140.99             

From:
Institutional    Telephone 44 (0) 1202 34 1286
Trust Services   Facsimile 44 (0) 1202 34 7438


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