RNS Number:3448H
Residential Mortgage Secs No.7 PLC
11 February 2003

As Agent Bank, please be advised of the following rate determined 
on: 11-Feb-2003

Issue              : Residential Mortgage Securities 7 PLC - Class M
                     #16,200,000 Mortgage Back FRN Due 2038
ISIN Number        : XS0102820981
Issue Nomin GBP    : 16,200,000.00
Period             : 11-Feb-2003  to 12-May-2003   Payment Date 12-May-2003
Number of Days     : 90
Rate               : 4.98805
Denomination GB    : 100,000.00

Amount Payable     : 1,229.93
per Denomination

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




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