RNS Number:5701U
Non Conforming Mortgages 1 PLC
15 April 2002


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

Issue             :  NON CONFORMING MORTGAGES 1 PLC CLASS A
                     £56,400,000 MORTGAGE BACKED FRN DUE 2037
ISIN Number       :  XS0096552392
Issue Nominal GBP :  56,400,000.00
Period            :  15-APR-2002  To  15-MAY-2002    Payment Date  15-MAY-2002 
Number of Days    :  30
Rate              :  4.36719              POOL FACTOR: 0.1624
Denomination GBP  :  1,624.00
Amount Payable
Per Denomination  :  5.83


Issue             :  NON CONFORMING MORTGAGES 1 PLC CLASS A
                     MORTGAGE BACKED FRN DETACHABLE COUPONS
ISIN Number       :  XS0096552715
Issue Nominal GBP :  56,400,000.00
Period            :  15-APR-2002  To  15-MAY-2002    Payment Date  15-MAY-2002 
Number of Days    :  30
Rate              :  0.16438356164              POOL FACTOR: 0.1624
Denomination GBP  :  1,624.00
Amount Payable
Per Denomination  :   2.67


Issue             :  NON CONFORMING MORTGAGES 1 PLC CLASS M
                     £6,300,000 MORTGAGE BACKED FRN DUE 2037
ISIN Number       :  XS0096557276
Issue Nominal GBP :  6,300,000.00
Period            :  15-APR-2002  To  15-MAY-2002    Payment Date  15-MAY-2002 
Number of Days    :  30
Rate              :  5.26719
Denomination GBP  :  10,000.00
Amount Payable
Per Denomination  :  43.29


Issue             :  NON CONFORMING MORTGAGES 1 PLC CLASS B
                     £3,300,000 MORTGAGE BACKED FRN DUE 2037
ISIN Number       :  XS0096558241
Issue Nominal GBP :  3,300,000.00
Period            :  15-APR-2002  To  15-MAY-2002    Payment Date  15-MAY-2002 
Number of Days    :  30
Rate              :  6.71719
Denomination GBP  :  10,000.00
Amount Payable
Per Denomination  :  55.21

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







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