97NP Non C.m.1 A Frn

RNS Number:8884D
Non Conforming Mortgages 1 PLC
15 November 2002


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

Issue             :  NON CONFORMING MORTGAGES 1 PLC - CLASS B
                     #3,300,000 MORTGAGE BACKED FRN DUE 2037
ISIN Number       :  XS0006558241
Issue Nominal GBP :  3,300,000.00
Period            :  15-NOV-2002  To  16-DEC-2002    Payment Date  16-DEC-2002 
Number of Days    :  31
Rate              :  6.7025
Denomination GBP  :  10,000.00          10,000.00
Amount Payable
Per Denomination  :  56.93

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



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