FRN Variable Rate Fix

RNS Number:2358B
Originated Mortgage Loans 1 PLC
16 September 2002




As Agent Bank, please be advised of the following rate determined on: 
16-SEP-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            :  16-SEP-2002  To  15-OCT-2002    Payment Date  15-OCT-2002 
Number of Days    :  29
Rate              :  5.735
Denomination GBP  :  10,000,000.00
Amount Payable
Per Denomination  :  45,565.75

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



As Agent Bank, please be advised of the following rate determined on: 
16-SEP-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            :  16-SEP-2002  To  15-OCT-2002    Payment Date  15-OCT-2002 
Number of Days    :  29
Rate              :  4.885
Denomination GBP  :  11,000,000.00
Amount Payable
Per Denomination  :  42,693.56

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





As Agent Bank, please be advised of the following rate determined on: 
16-SEP-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            :  16-SEP-2002  To  15-OCT-2002    Payment Date  15-OCT-2002 
Number of Days    :  29
Rate              :  4.435                 Pool Factor: 0.790762
Denomination GBP  :  15,815,241.04
Amount Payable
Per Denomination  :  55,728.14

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


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