RNS Number:7154D
Residential Mortgage Secs No.7 PLC
12 November 2002

As Agent Bank, please be advised of the following rate determined on: 
12-NOV-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            :  12-NOV-2002  To  12-FEB-2003    Payment Date  12-FEB-2003 
Number of Days    :  92
Rate              :  5.21484
Denomination GB   :  100,000.00
Amount Payable
Per Denomination  :  1,314.43

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



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