RNS Number:7451D
Residential Mortgage Secs No.7 PLC
13 November 2002


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

Issue             :   Residential Mortgage Securities 7 PLC - Class A
                      EUR256,200,000 Mortgage Backed FRN Due 2038
ISIN Number       :   XS0102812020
Issue Nominal EUR :   256,200,000.00
Period            :   12-Nov-2002  to  11-Feb-2003    Payment Date  11-Feb-2003
Number of Days    :   91
Rate              :   3.486             Pool Factor:   0.134571
Denomination EU   :   13,457.11
Amount Payable            
per Denomination  :   118.58


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

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