FRN Variable Rate Fix

RNS Number:9176S
Silver No.1 PLC
13 March 2002

  

RE: SILVER N0.1 PLC

GBP 100,000,000 Class A1A Mortgage Backed Floating Rate Notes due 2027   ISIN: XS0127219433
GBP 23,500,000 Class M Mortgage Backed Floating Rate Notes due 2027      ISIN: XS0127268059
GBP 19,500,000 Class B Mortgage Backed Floating Rate Notes due 2027      ISIN: XS0127268216
GBP 12,500,000 Class C Mortgage Backed Floating Rate Notes due 2027      ISIN: XS0127268646 
GBP 8,000,000 Class D Mortgage Backed Floating Rate Notes due 2027       ISIN: XS0127268992


               **RESENDING WITH PRINCIPAL REPAYMENT AMOUNT**

 
Please be advised that the GBP Deposit Interpolation Rate has been determined 
as:   3.94469% 

For the period:     15-Feb-02     to 15-Mar-02


                     Beginning Principal                    
Class                  Outstanding      All-in-Rate   Days   Interest Due       Factor per 1,000
GBP 100m Class A1A    67,144,702.66      4.4446900%    28     228,938.27          2.28938
GBP 23.5m Class M     23,500,000.00      4.5946900%    28      82,830.30          3.52469
GBP 19.5m Class B     19,500,000.00      5.4446900%    28      81,446.60          4.17675
GBP 12.5m Class C     12,500,000.00      6.4446900%    28      61,798.40          4.94387
GBP 8m Class D         8,000,000.00      9.9446900%    28      61,030.43          7.62880

Principal Amount      Class A1A Current    Class A1A New Pool 
  Amortising            Pool Factor              Factor
  Class AIA: 
 2,616,906.30           0.671447026600      0.645277963600

The next payment date will be on:

15-Mar-02 

                      This information is provided by RNS
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