FRN Variable Rate Fix

RNS Number:5294C
Non Conforming Mortgages 1 PLC
15 October 2002


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

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-OCT-2002  To  15-NOV-2002    Payment Date  15-NOV-2002 
Number of Days    :  31
Rate              :  6.7375
Denomination GBP  :  10,000.00         
Amount Payable
Per Denomination  :  57.22



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-OCT-2002  To  15-NOV-2002    Payment Date  15-NOV-2002 
Number of Days    :  31
Rate              :  5.2875
Denomination GBP  :  10,000.00         
Amount Payable
Per Denomination  :  44.91



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-OCT-2002  To  15-NOV-2002    Payment Date  15-NOV-2002 
Number of Days    :  31
Rate              :  0.16986301369          POOL FACTOR:  0.0874
Denomination GBP  :  874.00
Amount Payable
Per Denomination  :  1.48



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-OCT-2002  To  15-NOV-2002    Payment Date  15-NOV-2002 
Number of Days    :  31
Rate              :  4.3875                 POOL FACTOR:  0.0874
Denomination GBP  :  874.00         
Amount Payable
Per Denomination  :  3.26



From:
Institutional    Telephone [phone]
Trust Services   Facsimile 44 (0) 1202 34 7438



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