FRN Variable Rate Fix

RNS Number:6424Y
Originated Mortgage Loans 1 PLC
15 July 2002


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

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-JUL-2002  To  15-AUG-2002    Payment Date  15-AUG-2002 
Number of Days    :   31
Rate              :   4.38719                         Pool Factor: 0.962469
Denomination GBP  :   19,249,388.23
Amount Payable
Per Denomination  :   71,725.27



As Agent Bank, please be advised of the following rate determined on: 
15-JUL-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            :   15-JUL-2002  To  15-AUG-2002    Payment Date  15-AUG-2002 
Number of Days    :   31
Rate              :   4.38719                         
Denomination GBP  :   11,000,000.00
Amount Payable
Per Denomination  :   45,191.28



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

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-JUL-2002  To  15-AUG-2002    Payment Date  15-AUG-2002 
Number of Days    :   31
Rate              :   5.68719                         
Denomination GBP  :   10,000,000.00
Amount Payable
Per Denomination  :   48,302.16


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




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