FRN Variable Rate Fix

RNS Number:3697X
Originated Mortgage Loans 1 PLC
17 June 2002


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

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            :  17-JUN-2002  To  15-JUL-2002    Payment Date  15-JUL-2002 
Number of Days    :  28
Rate              :  4.87602
Denomination GBP  :  11,000,000.00
Amount Payable
Per Denomination  :  41,145.59


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            :  17-JUN-2002  To  15-JUL-2002    Payment Date  15-JUL-2002 
Number of Days    :  28
Rate              :  5.72602
Denomination GBP  :  10,000,000.00
Amount Payable
Per Denomination  :  43,925.63



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            :  17-JUN-2002  To  15-JUL-2002    Payment Date  15-JUL-2002 
Number of Days    :  28
Rate              :  4.28602                 POOL FACTOR:  0.00367988
Denomination GBP  :  478,383.97
Amount Payable
Per Denomination  :  1,572.88


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            :  17-JUN-2002  To  15-JUL-2002    Payment Date  15-JUL-2002 
Number of Days    :  28
Rate              :  4.42602
Denomination GBP  :  20,000,000.00
Amount Payable
Per Denomination  :  67,906.06


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



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