RNS Number:4464C
Silver No.1 PLC
14 October 2002


RE: SILVER NO.1 PLC             AMENDMENT TO PRINCIPAL AMOUNT - FINAL AMENDMENT


EUR 157,000,000 Class A1B Mortgage Backed Floating Rate Notes due 2027      
ISIN: XS0127264900

                **RESENDING WITH PRINCIPAL REPAYMENT AMOUNT**

Please be advised that the EUR Deposit Rate has been determined as: 3.31300%  
  
For the period:  16-Sep-02    to    15-Oct-02 

                       Beginning                                        Interest
                       Principal                                          Factor
Class                Outstanding    All-in-Rate  Days  Interest Due    per 1,000


EUR 157m Class A1B  78,476,588.98    3.79300%     29    239,783.04      1.52728 


Principal Amount    Current Pool    
   Amortising          Factor         New Pool Factor 

  Class A1B:

 4,163,944.13     0.49985088522293    0.47332894808917  

    
The next payment date will be on: 
15-Oct-02 



                      This information is provided by RNS 
            The company news service from the London Stock Exchange   
END 

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