FRN Variable Rate Fix

RNS Number:5622U
Originated Mortgage Loans 1 PLC
15 April 2002


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


Issue             :  ORIGINATED MORTGAGE LOANS 1 PLC CLASS A2
                     £130,000,000 MORTGAGE BACKED FRN DUE 2029 
ISIN Number       :  XS0088533129
Issue Nominal GBP :  130,000,000.00
Period            :  15-APR-2002  To  15-MAY-2002    Payment Date  15-MAY-2002 
Number of Days    :  30
Rate              :  4.27734          Pool Factor: 0.02393199
Denomination GBP  :  3,111,158.04
Amount Payable
Per Denomination  :  10,937.66



Issue             :  ORIGINATED MORTGAGE LOANS 1 PLC CLASS M1
                     £20,000,000 MORTGAGE BACKED FRN DUE 2029 
ISIN Number       :  XS0088533475
Issue Nominal GBP :  20,000,000.00
Period            :  15-APR-2002  To  15-MAY-2002    Payment Date  15-MAY-2002 
Number of Days    :  30
Rate              :  4.41734  
Denomination GBP  :  20,000,000.00
Amount Payable
Per Denomination  :  72,613.81



Issue             :  ORIGINATED MORTGAGE LOANS 1 PLC CLASS M2
                     £11,000,000 MORTGAGE BACKED FRN DUE 2029 
ISIN Number       :  XS0088533632
Issue Nominal GBP :  11,000,000.00
Period            :  15-APR-2002  To  15-MAY-2002    Payment Date  15-MAY-2002 
Number of Days    :  30
Rate              :  4.86734   
Denomination GBP  :  11,000,000.00
Amount Payable
Per Denomination  :  44,006.09



Issue             :  ORIGINATED MORTGAGE LOANS 1 PLC CLASS B
                     £10,000,000 MORTGAGE BACKED FRN DUE 2029 
ISIN Number       :  XS0088533988
Issue Nominal GBP :  10,000,000.00
Period            :  15-APR-2002  To  15-MAY-2002    Payment Date  15-MAY-2002 
Number of Days    :  30
Rate              :  5.71734         
Denomination GBP  :  10,000,000.00
Amount Payable
Per Denomination  :  46,991.84

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