RNS Number:1079T
Non Conforming Mortgages 1 PLC
15 March 2002

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

Issue             :      Non Conforming Mortgages 1 PLC - Class M
                         £6,300,000 Mortgage Backed FRN due 2037
ISIN NO           :      XS0096557276
Issue Nominal GBP :      6,300,000.00
Period            :  15-Mar-2002  To  15-Apr-2002    Payment Date  15-Apr-2002
Number of Days    :      31
Rate              :      5.37625
Denomination GB   :      10,000.00     10,000.00
Amount Payable           45.66
Per Denomination  :  

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





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