RNS Number:8888D
Non Conforming Mortgages 1 PLC
15 November 2002


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

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-NOV-2002  To  16-DEC-2002    Payment Date  16-DEC-2002 
Number of Days    :  31
Rate              :  5.2525
Denomination  GBP :  10,000.00        10,000.00
Amount Payable
Per Denomination  :  44.61

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


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

END

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