RNS Number:0402Q
Non Conforming Mortgages 1 PLC
15 January 2002

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

Issue             :  Non Conforming Mortgages 1 PLC - Class B
                     #3,300,000 Mortgage Backed FRN due 2037
ISIN Number       :  XS0096558241
Issue Nominal GBP :  3,300,000.00
Period            :  15-Jan-2002  to  15-Feb-2002    Payment Date  15-Feb-2002 
Number of Days    :  31
Rate              :  6.79125   
Denomination GB   :  10,000.00       10,000.00
Amount Payable    :  57.68
Per Denomination  

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



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