FRN Variable Rate Fix

RNS Number:0471A
Originated Mortgage Loans 1 PLC
15 August 2002



As Agent Bank, please be advised of the following rate determined on: 
15-AUG-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-AUG-2002  To  16-SEP-2002    Payment Date  16-SEP-2002 
Number of Days    :  32
Rate              :  4.42172         Pool Factor:  0.866685
Denomination GBP  :  17,333,700.54
Amount Payable
Per Denomination  :  67,195.42

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





As Agent Bank, please be advised of the following rate determined on: 
15-AUG-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-AUG-2002  To  16-SEP-2002    Payment Date  16-SEP-2002 
Number of Days    :  32
Rate              :  4.87172         
Denomination GBP  :  11,000,000.00
Amount Payable
Per Denomination  :  46,982.07

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



As Agent Bank, please be advised of the following rate determined on: 
15-AUG-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-AUG-2002  To  16-SEP-2002    Payment Date  16-SEP-2002 
Number of Days    :  32
Rate              :  5.72172
Denomination GBP  :  10,000,000.00
Amount Payable
Per Denomination  :  50,163.02

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

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