RNS Number:8926D
Preferred Residential Secs 3 PLC
15 November 2002


To:  RNS

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

Issue                 :  Preferred Residential Securities 3 Plc - Class A
                         GBP113,500,000 Mortgage Backed FRN due 2033
ISIN                  :  XS0123849712
Issue Nomin GBP       :  113,500,000.00
Period                :  15-Nov-2002 to 16-Dec-2002    Payment Date 16-Dec-2002
Number of Days        :  31
Rate                  :  4.42742        Pool Factor 0.5018
Denomination GB       :  5,018.00
Amount Payable        :  18.87
per Denomination

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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