97NP Non C.m.1 A Frn

RNS Number:1080T
Non Conforming Mortgages 1 PLC
15 March 2002

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

Issue             Non Conforming Mortgages 1 PLC - Class B
                  £3,300,000 Mortgage Backed FRN due 2037
ISIN Number       XS0096558241
Issue Nomin GBP   3,300,000.00
Period            15-Mar-2002 to 15-Apr-2002       Payment Date  15-Apr-2002
Number of Days    31
Rate              6.82625
Denomination GB   10,000.00       10,000.00
Amount Payable    57.98 
per Denomination

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


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