RNS Number:5202C
City Mortgage Receivables 1 PLC
15 October 2002


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

Issue             :  City Mortgage Receivables 1 Plc
                     #32,010,000 Mortgage-Backed FRN 2023
ISIN Number       :  XS0062055693
Issue Nominal GBP :  32,010,000.00
Period            :  15-Oct-2002  To  15-Nov-2002    Payment Date  15-Nov-2002
Number of Days    :  31
Rate              :  4.30492              Pool Factor: 014045329
Denomination GBP  :  4,495,909.72
Amount Payable
Per Denomination  :  16,438.10

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


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