RNS Number:0820C
Mortgages No 1 PLC
12 April 2001

To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on:
12-APR-2001.

Issue             : MORTGAGES NO 1 PLC - CLASS S 
                    #4,970,000 MORTGAGE BACKED FRN DUE APRIL 2033 
ISIN NO           : XS0111092093
Issue Nominal GBP : 4,970,000.00 
Period            : 12-APR-2001  To  12-JUL-2001    Payment Date  12-JUL-2001
Number of Days    : 91 
Rate              : 9.40031                 Pool Factor:   0.9692
Denomination GBP  : 9,692.00                100,000.00
Amount Payable
Per Denomination  : 227.15 


To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on:
12-APR-2001.

Issue             : MORTGAGES NO 1 PLC - SERIES B 
                    #13,500,000 MORTGAGE BACKED FRN DUE APRIL 2033 
ISIN NO           : XS0111091871
Issue Nominal GBP : 13,500,000.00 
Period            : 12-APR-2001  To  12-JUL-2001    Payment Date  12-JUL-2001
Number of Days    : 91 
Rate              : 8.40031             
Denomination GBP  : 10,000.00                1,000,000.00
Amount Payable
Per Denomination  : 209.43 



To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
12-APR-2001.

Issue             : MORTGAGES NO 1 PLC - CLASS M 
                    #10,500,000 MORTGAGE BACKED FRN DUE APRIL 2033 
ISIN NO           : XS0111091525
Issue Nominal GBP : 10,500,000.00 
Period            : 12-APR-2001  To  12-JUL-2001    Payment Date  12-JUL-2001
Number of Days    : 91 
Rate              : 6.80031             
Denomination GBP  : 10,000.00                100,000.00
Amount Payable
Per Denomination  : 169.54 



To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
12-APR-2001.

Issue             : MORTGAGES NO 1 PLC - CLASS A 
                    #154,000,000 MORTGAGE BACKED FRN DUE APRIL 2033 
ISIN NO           : XS0111091368
Issue Nominal GBP : 154,000,000.00 
Period            : 12-APR-2001  To  12-JUL-2001    Payment Date  12-JUL-2001
Number of Days    : 91 
Rate              : 5.80031                  Pool Factor:  0.5982
Denomination GBP  : 5,982.00                100,000.00
Amount Payable
Per Denomination  : 86.51 

From:
Steven Coutts                        Telephone 44 (0) 1202 34 1286
Capital Markets Fiduciary Services   Facsimile 44 (0) 1202 34 7438



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